Breakdown about to occur

Whoops. I uploaded the wrong chart, here is the real chart.

 

75% gain in the indexes within 18 months during 1999/2000. Looks a bit far fetched to compare that to the 18% or so we had in the same period now

 

Im in a slump rushing around here, I keep posting up the wrong charts. Ok here it is, for real...

Now Im going to read some articles from TheStreet.com from the good Jim Cramer. There was an interesting article today about 10 tech stocks that he was going to buy for his fund. Hopefully I can make a dime or two there.

Happy Friday!

 

Maybe better to chill out a bit from trading and take a good rest over the weekend

 

Case Closed...

 

Im waving my hands up and yelling at the top of my lungs. We are now at the apex and the markets dont have much more juice. I am readying the empire's forces to short the market with Lord Vader.

The $TNX (or ten year yield for you newbs) is sneaking up. I can feel the submarine starting to groan and stress. The ten year is going to 6% and reach a level not seen since 2000. The Chinese markets are crashing.

You guys are entering a dark time not seen before and my only chance for survival is to join Lord Vader on the darkside.

Makloda, now is not the time to be with Skywalker. You have done well on the ES in the up market, but the market doesnt have more juice.

Please join me in shorting the Apple stock, RIMM, MA and the Radioshack stock and that force protection junk(dont forget my arch enemy Interactive Brokers). Yarg!!!

 

A Cramerite...that explains everything.

 

Good luck Michael, you will need it. Looks like you're standing on the train tracks, waiting to get run over

 

lol I think your meds are wearing off again

 

The $TNX is at 4.95. Last time the markets went up up up until the $TNX struck 5.1 then they went down down down. APPLE and other market leading stocks are starting to struggle. I can easily see the $TNX completing its cup. Remember the last time it was at 6%, thats right, 2000. It will get there and if it breaks above 6 then we will see 7 or 8.

Oil is going higher, much much higher. I thought oil would breakdown after that little head and shoulders funk I saw on the WTIC chart. If it gets above 67 then it will surely get to 74.

All the growth going on in the world means a rate hike, not a rate cut.

The BPI for the DOW30 is at an all-time high never seen before in history. The Chinese market is in crash mode.

6+% ten year, 70+ dollar oil, and the DOW30 looking like the World Trade Center on September 10th, 2001. In May 06, the indexes didnt survive with a 5.1+% TNX or 70+ dollar oil.

The time has come for the dark side of the trade. . .