POMO Games

Economic reality continues to be steadfastly ignored – bullish exuberance appears to be ubiquitous. Even better – a ‘worse than expected’ (snort) Chicago PMI report is nothing but yet another dip buying opportunity to cash flush POMO infused primary dealers:

The wave count and our inflection point have not changed – we remain in the whipsaw from hell zone we have been bouncing around in for the past three weeks. Our uncle point remains at 1069.62.

The bull will not be denied as various exotic Fed cash windows continue to hand out tax payer coin to primary dealers happy to burn the bears just one more time.

Inversely the Dollar has turned into the Fed’s favorite pinata – the more they hit this thing the more candy drops out to the delight of various gnomes driving the new USD carry trade.

Finally, NYSE A/D ratio currently at around 1.0 – not much of a change since yesterday’s reading at the close.

2:26pm EDT: So, you want to be a big bad swing trader, do you? Well, do I have a little gem for you:

I think this chart is pretty much self explanatory.

2:41pm EDT: Okay, I apologize in advance for the unrelated post but prepare yourself for the cheesiest infomercial I have ever seen (and that is quite an accomplishment in itself). You guys just have to see this:

Now, I actually do run Windows 7 right here at the evil lair and am loving it. It’s hosting geronimo and various other charting apps – no problems at all and I have to admit, even as an avid OS X user, I really enjoy Microsoft’s newest creation. However, how this turd of a promo clip could ever make it beyond the crack stained quivering fingers of the mental retard who wrote it is simply beyond me.

BTW, where is the obligatory Asian guy/gal? I feel racially insulted! However, I have to concede that the hot MILF (second from the right if you need to ask) makes up for it a little – yummie….

Enjoy! :-)

2:53pm EDT: OMG – it even gets better!

I’m speechless – rarely happens – but this just blew my mind.

Alright – back to trading now…

This entry was posted on Wednesday, September 30th, 2009 at 2:11 pm. Both comments and pings are currently closed.



  • gmak

    I'm not entirely sure, but it almost looks like the EUR is leading SPX by a minute or two. Anyone else see this or am I just going blind.

  • http://www.evilspeculator.com/annamall annamall

    The $DXY is been sold hand over fist by the FED (I had some choice words, but I decided to be a lady today…
    They are just manipulating this whole tape day by day, sooner or later the games will have to end.

    BTW excellent pic up top Mole. :) ))

  • dollar

    Holy cripe, what was that bull eating!

  • http://www.evilspeculator.com/annamall annamall

    Personally speaking I am sick of this tape today already.. so bogus…but I think your right GMak. :)

  • dollar

    A day after several failed attempts at killing the dollar did not work, what is a Fed chairman to do but try, try again. The market now tracking the JPY-EUR carry trade tick for tick.
    http://www.zerohedge.com/article/equities-back-

  • Osso

    they will drive Gold to the stratosphere, and JPM will be in the hook…mmm…

  • gmak

    You see. Greenhouse gasses are dangerous (viz bull pic).

  • http://www.evilspeculator.com berkshire

    Musta missed it when I posted it last night… Barry is the bomb… It is an actual Chinese sculpture…

    Skål!

  • Stainless_Steel_Hamster

    Berna Beans

    They give the biggest bang for the mostest buck

    (they murder the usd I murder english)

  • http://www.evilspeculator.com berkshire

    ROFL…

    Skål!

  • Osso

    Total impunity …a Central Bk. killing its own currency. In other serious nations…that is a criminal action. In US, not even a Congress puts in on the table…..dont complain then…..

  • http://www.evilspeculator.com/annamall annamall

    it's awesome! :)

  • http://www.evilspeculator.com/annamall annamall

    yep, basturds :)

  • MrBF

    oil-omg. so i figure the only way to push through the 60-63 resistance here is for the $ to drop to 76.5 or for oil to ramp up $4.5 or so. At this rate oil is going to make it there.

    I really don't expect this to happen, just amazed at this move in oil at the moment.

  • gmak

    Thanks.

  • Stainless_Steel_Hamster

    I have already come to that conclusion, but expected a pullback both on gold and equity before the next gold jumps…

    I see 5k+

  • harveydent

    when are unemployment #'s this week? and time? thanks

  • Nexus_7
  • MrBF

    friday- 6:30 est

  • Osso

    me too…Gols goes down going into November. Net shorts by Commercials….by the roof.

  • raised_by_wolves

    Whoa, the last 5 days on the 5 minute chart looks like an iTunes visualizer.

    http://screencast.com/t/9p9kS8hc

    Did anyone load up on puts at 1063?

  • bist

    Any update on the junk bond yield?

    MBSs have been steadily climbing for over a week – potentially a bearish indicator for things to come.

    But if you look at the SPX hourly, we've been painting a large bull flag since two thursday's ago. I think we see 1090 before we break below the 865-1048 trendline.

  • Tronacate

    Looks like AIG breaking down out of bear flag on 60 min

  • http://www.evilspeculator.com berkshire

    Maybe a Windows Media visualizer. iTunes are far cleaner than that. Throw up a few fib circles and you might get close. Funny as hell though.

    Skål!

  • Vardoger

    Weak dollar certainly is not the only way to push it through resistance…..

  • molecool

    Will update and post it soon.

  • molecool

    UPDATE PAGE!

  • http://www.evilspeculator.com berkshire

    Don't tell me what to do, you're not my mommy…

    Skål!

  • Vardoger

    Really, inflation?

  • malusDiaz

    About 1050 / 55' I was early and now i hurt, for the moment.

  • bist

    Thanks. Very useful data

  • raised_by_wolves

    Yeah, you're right. Microsoft has no taste!

    Besides the occasional overthrow, my purple line has been holding. Speaking of purple, here's some Purple Haze (Jimi Hendrix playing at Berkeley). http://www.youtube.com/watch?v=y2V10oyJyoE

  • Tronacate

    FSLR being a contrary little ho…..but she might be coming around to my way of thinking soon

  • z12run

    Looks like the Swiss intervened and devalued the franc last night (via a Swiss bank). What's the impact on equities if other countries follow their lead? I can't imagine it would be good.

  • DoubleNaughtSpy

    Webster's Word of The Day

    Main Entry: ma•nip•u•late
    Pronunciation: m?-‘ni-py?-,l?t
    Function: transitive verb
    Inflected Form(s): ma•nip•u•lat•ed; ma•nip•u•lat•ing
    Etymology: back-formation from manipulation, from French, from manipuler to handle an apparatus in chemistry, ultimately from Latin manipulus
    Date: 1834

    1 : to change by artful or unfair means so as to serve one's purpose : Goldman Sachs, Federal Reserve, large investment banks.

  • Tronacate

    Nice……have the dvd

  • Nexus_7

    if it is that obvious we should be able to benefit from it.

  • PRSGuitars

    THIS IS REAL:

    http://www.youtube.com/watch?v=3oGFogwcx-E

    Seriously! That's terrifying.

  • ReturnFreeRisk

    nice

  • rhae

    SPY 60m … testing some lines again, I have absolutely no idea what will happen…
    http://screencast.com/t/3MSll8OD

  • ReturnFreeRisk

    if the whole world goes into a competitive devaluation mode, equities are toast. esp since this would lead to protectionism as well. Meanwhile it is now open season on monetary policy debate with Dr. Plosser and Fisher joining in the “other” side of the debate. Donald Kohn came in today with his “smash the fledgling dollar recovery” speech today about “there is too much slack in the economy” approach to justifying ZERO rates. And Krugman just wrote a blog about how Fed will need to expand their balance sheet by 10 trillion dollars. Jesus!

  • m123456

    cool pic! nice find.

  • ultrabear

    Er…. did someone call for a POMO fuel cart in here?

  • http://www.evilspeculator.com/annamall annamall

    this will end badly we just don't know exactly when :)

  • mattco

    Anna, Did you end up buying WYNN puts?

  • molecool

    UPDATE PAGE!

  • molecool

    No dessert for you tonight.

  • Stainless_Steel_Hamster

    IMHO it is not as much a question of when (from here to 2017 probably) but a question of HOW

  • PRSGuitars

    You post that but not this?

    http://www.youtube.com/watch?v=3oGFogwcx-E

    This is also craptastic.

  • centerline

    Interesting that BAC did not catch a decent run on todays POMO rocket launch.

  • http://www.evilspeculator.com berkshire

    But I've ate all my bull meat… :-(

    Skål!

  • http://www.evilspeculator.com berkshire

    She will, and not so contrary when the market is up, right?

    Skål!

  • http://www.flickr.com/photos/dabasia/sets/ Croozer

    Kenny's blog showing the recent action as having pivoted above the upward sloping line….

  • Osso

    A close near 1067 is near death of the Bear. The 20 month ma. is there…just for a monthly close.
    The 89 week sma. is still above …but very close: 1073.49.

  • Tronacate

    Spit that shit out

  • Vardoger

    Will also confirm macd cross

  • Vardoger

    This bull flag actually looks pretty damn good. 18-point staff….. sound familiar?

  • Rd99Hse1

    HEY does anyone happen to know if a java-based platform (in this case TOS webtrader) will stream much bandwidth? I don't trade heavily at work, but I do watch stops and ticks etc.

    thanks and just wondering.

  • omelette

    I liked this censored version of the windows 7 vid:

    http://www.youtube.com/watch?v=gyas7BrbUFY

  • molecool

    OMG – this had me on the floor…

  • raised_by_wolves

    Wow, I couldn't finish watching that.

    This is real too.

    http://www.youtube.com/watch?v=wvsboPUjrGc

  • Joe8888

    gotta run do final errands, cause ,tomorrow will be a travel day for me and 3 kids & Gucci (dog), ” not! looking forward to that.”No direct flights, we have a stop in Miami Beach,,,,,damn,,

    the oldest just turned 4 ,a few weeks ago,,,,

    that's what happens, when you fool around…

    Looking at the monthly chart,love to see a doji candle, on the SPX-Dow Jones,a close around 9500 on the Dow ,should do it..lol

    I know , wishful thinking,,,,,lol,,,, anyways ,curious to see how the month ends,,,,Love to see a dump…speak to you soon,,

  • molecool

    Depends on how many charts you got open.

  • Vardoger

    I didn't know pedophiles were allowed to be that close to children, even the ones who can't sing…

  • insite

    wow. is he a scientologist?

  • MrBF

    and here comes the flush. yayyyyy

  • insite

    boooom

  • Me_XMan

    Plug the DAM!

  • http://www.flickr.com/photos/dabasia/sets/ Croozer

    question now is, is this just a retrace of the run up or are we going back to the low and beyond….

  • cedieke

    these commercials are working very well. everyone is watching them.

  • Joe8888

    final update …spy 10 min SPY …..BACKTEST,,,AND SELL-OFF…LOL

  • Rd99Hse1

    Gotcha. Makes sense. So it's not like streaming a bunch of youtube vids, if it's just one chart.

  • losershot

    THIS IS JUST PSYCHO

  • LegendC

    Quick tag of S1 so it can run up into close?

  • malusDiaz

    fuck this wedgie hurt, but it pays to have good briefs!

  • http://www.flickr.com/photos/dabasia/sets/ Croozer

    is there any news causing this dive ?

  • dollar

    The infamous reverse N formation!

  • malusDiaz

    News doesn't drive the market, people do.

  • molecool

    ¤ø„¸¸„ø¤º°¨¤ø„¸¸„ø¤º°¨
    ¨°º¤ø„¸ N E W „ø¤º°¨
    ¸„ø¤º°¨ P O S T “°º¤ø„¸
    ¸„ø¤º°¨¤ø„¸¸„ø¤º°º¤ø„¸

  • TheMacroEconomist

    Exited USO a minute ago at $36.13, because the anti-dollar correlation seems to have broken down.

    Mole: Great picture there, in the gallery, I love it!!! :-)

  • Stainless_Steel_Hamster

    not realy, crappification both of wages and some prices. So oficial inflation will be bad but will ´not reflect the real drop of currency and prices in gold.

    Expect gold somewhere between 5 and 7k by the final drop in 2017 and a new oil-shock in 2011 (and smaller replicas till 2021)

  • Stainless_Steel_Hamster

    and strong inflation from 2011 onwards and lasting till the 2020's

  • Stainless_Steel_Hamster

    if it gets to 700 I'm loading 2Xlong ETFs.

    If it looks like they're loosing the gold front and holding equities in place I might go bullion off-shore, don't trust us and eu, they might pull a FDR and

    “ALL YOUR GOLD ARE BELONG TO US”

  • Osso

    guess they wont do it to foreigners….hope so….

  • Stainless_Steel_Hamster

    if you live in the european union don't count on it.

  • http://sshamster.blogspot.com/ Stainless_Steel_Hamster

    if you live in the european union don't count on it.





    Zero Indicator

  1. poll

    • What is your average spread on the EUR/USD?



      view results

      Loading ... Loading ...


  2. search warrant


  3. recent misdeeds

    1. No Crying Over Spilled Milk (Or Beer)
    2. Entries Do Not Matter
    3. Last Chance For The Bears
    4. Three Strikes You’re Out
    5. Binary Proposition
    6. Time To Wield The Iron
    7. Zone of Fuckery
    8. Whipsaw Galore
    9. Fridays Stunning Reversal and What it Means
    10. Eenie Meenie Miney Moe




  4. yes we can!



    NinjaTrader
    Kinetick