Thread: Tsunami's Account Talk

http://www.forexlive.com/125957/all/...ngrade-reduced

Sounds like Green-speak, or in English, a bunch of hooey....they're trying to keep from spooking the markets but I don't think anyone is fooled by the debt issues any more. Germany is relatively in good shape, but will be dragged down too.

Bulls need to cross their fingers that a wave 2 rally didn't finish today as shown in this chart:
http://stockcharts.com/def/servlet/F...87600&cmd=show[s174911668]&disp=P (link is not posting right, copy in entire URL for the close up chart I was referring to)

Based on how the dollar looks though, I think the dollar can pull back down some more for a couple days, so stocks could rally more, maybe.....

link worked

Thanks Warrenlm. I didn't even try to click the link because he said it didn't work.

Looks like that chart is wrong anyway since the dollar is still falling and giving a boost to stocks temporarily. Yesterdays high was more likely the first wave A peak of a larger A-B-C rally that goes up to 1106 or 1116. Beyond 1116, then Terry Laundry and his t-theory becomes the master of the universe if the market peaks near his 8/26 date that he's been pointing to for about a year now.

http://ttheory.typepad.com/files/adts20100813pdf-3.pdf

The bearish chatter in the media, blogs, newsletters, message boards is getting deafening....all the Elliott wave counters have it starting a massive wave 3 down right NOW, but with options expiration 2 days away, and with the slow summer trading for two more weeks, that seems unlikely. After listening to my #1 guru's update this morning http://www.ttheoryfoundation.org/t-t...culations.html then observing that gold has suddenly reversed and exploded higher just as he said to expect, I have to go with his short-term bullishness up to 1150ish and decided to give it a shot and got in. Hindenburg schmindenburg, should have got in Monday. The bullishness in bonds is also extreme and needs to work off a little steam. I covered my latest trading short positions for small gains as well. Not sure about the dollar so avoided the I fund, 50C and 50S. What the heck.

Now (after hoping for a sideways to down day today) I can be a cheerleader for a week. Here we go PPT, Here we go!!

Well it never hurts to pay up but now you've reduced my potential to catch you leaving me deflated. But no matter, I'll keep climbing the tracker until I'm closer. The S fund may be my helper.

Does anyone else think the Fed discussions about disbanding Freddie & Fannie and starting a new housing mort. program is a backhanded way to monitize about 8 trillion in us debt and further to flood the markets with reduced value dollars? I.E. Cause a huge market rally right into the midterm elections.
PS. Sorry for tagging onto yout thread, couldn't figure out how to start a new discussion

My hope is we have a nice rally into the Q4 and that the foreclosure real estate crisis continues into the middle of 2011. I'm interested in some property and lower pricing is always better. Let the Government convert all the foreclosure housing to Section 8 housing for all I care. They made their beds and now they can sleep in those beds.

I just wish the folks that authorized all the liar loans in the first place had to eat their loss instead of pushing it onto the back of taxpayers.

Originally Posted by guppie

Does anyone else think the Fed discussions about disbanding Freddie & Fannie and starting a new housing mort. program is a backhanded way to monitize about 8 trillion in us debt and further to flood the markets with reduced value dollars? I.E. Cause a huge market rally right into the midterm elections.
PS. Sorry for tagging onto yout thread, couldn't figure out how to start a new discussion

I'd be surprised if the democrats don't try to ram through something to buy votes before the election. I've heard ideas floated of having everyone's mortgage who's underwater sliced down so that they're magically no longer underwater, or having all Fannie and Freddie loans refinanced down to 4.5% or whatever with no fees or paperwork to fill out. Seems like the bank lobbiests would fight such things since it reduces their future income streams. I think people are so fed up with all the government debt though, that no matter what they try in the form of QE the markets would tank, the opposite of what they hope to accomplish. Maybe they can all just stay on recess until November, take care of the tax hike issue after that, then go back on recess for 2 years.

After November is too late to deal with the tax hike issue.