Comments on: Performance of US Sectors Since 6/12 Market Peak

By: I-Man

I-Man — Fri, 10 Jul 2009 19:58:10 +0000

You know it bro.
Peace

By: cvienne

cvienne — Fri, 10 Jul 2009 19:57:27 +0000

This thread is about to fall off the FLAT EARTH I-Man…

It’s been a pleasure today…I’ll catch you on another thread…

TYP is the operative word for the bat phone…

By: I-Man

I-Man — Fri, 10 Jul 2009 19:55:04 +0000

Pretty phenomenal how much those 2K share blocks in rapid fire succession can lift the SPY in such a short timeframe… ie: seconds.

Never ceases to amaze me.

They better watch out when I’m swinging 2K blocks.

By: cvienne

cvienne — Fri, 10 Jul 2009 19:26:12 +0000

Whadda you wanna bet that you don’t see some kind of phony run-up in the USO to $33 in the last 10 minutes before the close (on short covering)…

Who cares?

By: I-Man

I-Man — Fri, 10 Jul 2009 19:23:36 +0000

I’ll be a bit surprised if this thing can close at or above 880… shit, with the way its been going they could easily close it right at 880 on the spot.

I say more likely, this last half hour is gonna be brutal for dip buyers.

By: cvienne

cvienne — Fri, 10 Jul 2009 19:22:33 +0000

I’m telling you…

FXI = 6

by the time all is said & done…

and I’m talking 24 months…whichever comes first…

By: cvienne

cvienne — Fri, 10 Jul 2009 19:21:20 +0000

Yeah…

I’m a million miles away from US financials (and have been for a long time)…

I mean…you must know why!…

With the way the Fed or the Government can intervene (or with the way they can pull strings & manipulate)…

The whole thing feels like a MAIDEN CLAIMER horserace to me than a BREEDERS CUP Classic…

You could probably say the same about China, but that just feels to me like a house of cards about to fall and there’s not anything ANYONE can do about “policy wise”…To boot, there is overinvestment, and a tight window of exit…

By: I-Man

I-Man — Fri, 10 Jul 2009 19:09:40 +0000

I agree totally on the short FXI… I’m actually a bit inclined to take down some short financial exposure and move it into either the FXY or FXP.

I love the uptrend on the FXY in the weekly… on the daily, resistance being taken out left and right.

You got no arguments from me on that.

By: cvienne

cvienne — Fri, 10 Jul 2009 19:05:49 +0000

I have been passing a lot of private e-mail back and forth with AT lately…

Nothing “proprietary”…just picking his brain…I like that magic juice…it brings things into clearer focus (as I’m more the conspiracy theorist – I come up with wild notions)…

Anyway…my take on the yen for the past week has been the unwind of commodities (and the unwind of the emerging markets play)…

Look at the charts I-Man…they dumped oil first…Even TODAY they’re dumping emerging markets…

I’m VERY BULLISH on the short China trade right now…China is still up 20% on the year…HELLO?

By: I-Man

I-Man — Fri, 10 Jul 2009 18:43:11 +0000

Yeah, they are usually about 25 min… the one at the top totally breaks down your 60 min Inverse H and S on the SPX.

This dude is really good. I usually try to catch his nightly vid the next day after the close, so it doesnt make me second guess my own mojo.

But seriously… this cat has taught me alot. Between him and AT, I’ve learned some serious TA.
I see AT just sent out a Yen update btw…