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Good to see the bart on the charts. Could be that was the move to clear the longs for the break of the daily triangle that we are stuck in. We need significant break through 10450 for that.
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Seems fake breakout... Soon next up leg  My gut feeling is that someone is cashing out. Sell wait for recovery, sell, etc. That one looked technical to me. Support didn't hold and stops were triggered. You are right. Could be whales selling, then when stop losses are triggered buy everything back including the cheap stoploss coins. Yeah, and if that is the case we might be going back up without a break into the 9s |
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Seems fake breakout... Soon next up leg My gut feeling is that someone is cashing out. Sell wait for recovery, sell, etc. That one looked technical to me. Support didn't hold and stops were triggered. |
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Seems fake breakout... Soon next up leg fingers crossed |
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Who poked the corn with a stick?!
Wasn't me but that's a big red dildo indeed  Not really. Only looks big because we have been in such a tight range for the last week. True ... maybe I jest want it to go $200k too much  $200k! yeah that would be nice, I would like that. |
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Who poked the corn with a stick?!
Wasn't me but that's a big red dildo indeed Not really. Only looks big because we have been in such a tight range for the last week. We're not down much more then 1% |
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This is either a fake out or we are heading down to 9400. Back up that truck at 9400 because it will be last time to load up for very likely the last time below 10,000.
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From time to time I post comments here from a contact that has some very close ties with high ups in the CCP. For anyone who is interested, Here is something I read from him today. His comment is in response to a recent macrovoices interview regarding China, trade deal, etc. And an article speculating on Chinas purported lack of dollar reserves. Listening now and almost fell off my seat laughing at the whole " Trump and Xi kiss and make up to get a trade deal" talk. It is such a western view and coming from someone living in Hong Kong, it is puzzling how he can miss the background for the current niceties...
1. 70th anniversary on Oct 1 is key to Xi. But dropping existing tariffs and removing some key elements from the talks are also import to the Chinese position. Trump may cave, it is always possible, but Xi can't (not won't, can't). A Xi back down now will spell the end for the CCP and expose all the mishandling of issues in the economy and ag sector.
2. I have always said there will be some element of trade, and the timing for the 'trade" concessions by China is amusing because based on USDA data I saw, a large harvest is underway with out any markets to take a large percentage of the crop output. So, if true, China won't be paying nosebleed levels for ag goods because the US needs a market. On the pork side, pay attention to the US export data (10,000 ton pork exports to China last month) not the Trump tweets. Most of these exports are from Smithfields (Chinese owned) and in carcase form not processed which means it is actually costing jobs in the sector in the US. |
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looks like we may be heading back to the low 9s support level again. This one may be the last time though so if you want to buy more get your shit ready.
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JJG, you may be a bit too wordy, but I'm glad that you spare the time to call out the destructive bullshit that jbreher spews in order to manipulate others. I am also thankful for Hairy's contributions as well.
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jbreher deserves every fucking bit of bashing that he receives, and maybe even more bashing than he gets.
+ 1 million Everything you have said and more. jbreher associates with and has defended known scammers and fraudsters. What kind of person is morally capable of this, he is borderline sociopathic in nature and a danger to those who are unable see through his bullshit. |
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That's because the media has more and more control over the kids instead of their parents who work more and more. Parents should raise their kids and not reality shows like Jersey Shore, Kardashian's "reality show" and many others.
It's the parents who give that control because they're both lazy and it's easy. Sad state of affairs really  That's true to a degree. But don't forget that the working and middle classes have been smashed by the elites and their cronies for sometime now. So both parents have (most don't want) to work just to provide a home and food. If the prices of these and other needs were at a reasonable level (say like the 1950s, 60s) meaning only one parent has to work yet still able to provide a home, food, car, etc. Children would have a parent at home to make sure they are raised correctly. |
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FUCK.
Now you can panic.
93xx
First you hope 9-8-k-ish coins to buy cheap..... Now you panic, I really cannot follow your way of thinking  I am panicking either way. When it goes up, I am panicking for missing the cheap coins. When it goes down, well I am panicking because it is going DOWN! Damn that must be stress full .... Do you still eat good, sleep good  I'm sure he's very used to it and not really in panic. I feel the same way just have no panic or stress. It's a bit more like "damn I should have bought more when it was lower" and " c'mon just go up you bastard, 4 digits suck" kind of a catch 22 thing |
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FUCK.
Now you can panic.
93xx
First you hope 9-8-k-ish coins to buy cheap..... Now you panic, I really cannot follow your way of thinking I am panicking either way. When it goes up, I am panicking for missing the cheap coins. When it goes down, well I am panicking because it is going DOWN! Ha, that's very true. The mind and emotions are a funny thing. |
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Seems to me, that we are almost right at our medium term support level. Hoping for a bounce.  |
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Good mental health is serious business.
Can't agree more there. I'd say if there was no mental illness this world would be a damn utopia. |
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These dumps are getting somewhat annoying, despite the buying opportunity.
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For examples, why do you think the Nazis did what they did. Because they were evil? or because they thought they were doing the right thing in the interests of their country and people.
Because there was a "good speaker" who together with his "Marketing team" managed to hit the right buttons and his message(s) met the ears of the sheeps who where open to follow that ideas. In the end those who stand up against that, got hunted down (+fear for not following) and everybody got a allegiance with what-ever they could follow in hords. That was well thought by the initiatiors and itīs still the same for many groups, that "scheme" is working. "Find the right words and offer a hand to those who have nothing else in life to follow/feel attached to etc." That's more of the how. Listen to their writings, they honestly thought they were there to save the German race and that if they didn't it would be the end of the Germanic people. Their methods (of course evil) are irrelevant, they believed they were doing what was necessary and what was right. My point is why did they feel they needed to save their country and people? The Bolsheviks were the same. Groups like these are created by the government ignoring the plight of their people and instead focusing on enriching themselves by serving the rich and powerful. The war between labor and capital never ceases. |
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Proud Boys
Antifa are just as bad or worse. These 2 groups are what happens when you have a corrupt government full of sociopaths that only work for the rich and powerful. You see the thing is that is often forgotten with groups like these, is that they generally want the best for the people and country. It's just that what they think is best, and the best way to go about it, is borderline insane. For examples, why do you think the Nazis did what they did. Because they were evil? or because they thought they were doing the right thing in the interests of their country and people. |
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I don't know when, but I'm 99% certain there will be a grand worldwide monetary reset within my lifetime. Perhaps as early as next week.
Oh gosh... That seems to be a high level of certainty that you are placing on something that I attribute, approximately 1% odds. Maybe that is part of the explanation for our differing views? Perhaps, but likely only in respect to closely-related topics. Q: Do you believe the insiders (e.g., Paulson, Geithner, Bernanke, et al) who stated back in 2008 the world was close to a complete and total financial meltdown? Q: What changes enacted since then to stave off the possibility of further such events have actually made progress towards that objective? In short, there is no particular reason to think the next financial crisis will tip over the apple cart. Most likely, yes, but I am troubled by a fact that Albert Edwards keeps being proven right (in the long run). He long predicted that Japanese experience in 1989-2009 will repeat itself, first in EU, then US and it started to happen with negative yields, no growth, etc. He predicts US 10 year notes eventually close to -1%. Imagine that. https://www.advisorperspectives.com/articles/2019/01/21/albert-edwards-on-the-problems-facing-the-us-italy-and-chinaHis key prediction was that over the next 12- to 18-month period, U.S. bonds yields will decline and converge with those in Germany and Switzerland. Those yields will end up in negative territory, according to Edwards. Well, we had driven 30 year down from 3.5 to 2% in a space of just 10 months (almost a 43% decline). More to come, most likely. We don't know how this would affect bitcoin. Probably a mixed basket. TL;DR If A. Edwards is right (and he certainly was on bonds) and we are going down 75-80% in equities in the next recession, I wouldn't be so sure about the apple cart Every man and his dog have now successfully predicted a recession over the 18 months. This to me is proof a recession will not happen in that time frame. From the linked article: The economist Brad de Long has noted that three of last four recessions were from unforeseen shocks in financial markets (the collapse of the dot-com bubble, the real estate bubble and the S&L crisis). The current bond inversion is sufficiently foreseen that this recession will be avoided. The US may not fall into recession, but a lot of the world will. US bond inversion is most likely due to the rest of the world's money printing. There is talk of the US playing around with 50 and 100 year bonds. If so, and maybe regardless, expect large US infrastructure spends in the future. This would be enough for the US to avoid recession alone. Time will tell. |
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