The "up-to-the-minute Market Data" thread

During he great depression was a movement of people into big cities looking for work.

This prompted what we seen in major metropolitan areas of big citizens followed by what looks like low income areas.

Throughout the years the cities has been very diligent to move out people from these "slumps" into more attractive low income housing.

Perhaps this is going to be easier now that big cities unemployment may cause people to migrate from big cities.

Are we to see another wave of migration like the one during the great depression?

Rising metro jobless tide

Unemployment rates rose in all 372 of the largest U.S. metropolitan areas for the fourth straight month in April, according to government data released Wednesday.

The Labor Department reported that the rate in Indiana's Elkhart-Goshen led the way, jumping 12.7 points, to 17.8 percent. The region has been pounded by cuts in the recreational-vehicle industry.

The second-highest jump occurred in Bend, Ore. Its rate rose to 15.6 percent, up 9 points. North Carolina's Hickory-Lenoir-Morganton saw its rate rise to 14.9 percent, up 8.8 points.

The figures aren't seasonally adjusted, making month-to-month comparisons far more volatile.

www.chicagotribune.com...

California is the highest state that is posting the highest unemployment by city, with a whooping 26.9 percent en El Centro CA..

Followed by Yuma, Ariz., at 20.3 percent; Merced, Calif., at 18.3 percent; and Yuba City, Calif., at 18.2 percent..

I believe that we may see and exodus coming from the West coast to the east coast very soon.

13 Cities Report Unemployment above 15%

www.economyincrisis.org...

reply to post by pause4thought


Doom?

I dont know, I think there is always opportunity. Lets look at it that way, maybe? I like that outlook much better than looking/charting for our demise, I dont think thats a healthy way of "being". The longer you spend worrying about stuff, the more you miss, and opportunities fly by you.. I always have my eyes open.

On the other hand, if Nasdaq does what I think it may do, these posts will be very funny to look back on in the future, but we all know hindsight is 20/20.

But right now in the markets is the Pro's game only. Im serious about that, when JPM is totally controlling the closes my dad got interested as well. Now, he is not a CT, and he was even wondering how he could beat the game with JPM and GS getting gov. handouts.. so that stood out to me.. He was quite pissed b/c FINRA was giving him # about some investments and how JPM can do what they please.. it was hilarious.

He thinks one morning they will dump all these contracts, right at the open too.... like I said my dad is a pretty high level genius as to the finance community, and he is usually correct on his intuitions.

This means to me, going by his hypothesis (and this is my thinking, not his), the market will dump about 100 pts fast.. prob in 1-2 mins.. plus triggering stops, plus other people jumping on board in the pit.. so prob around a 200-300 pt drop one early morning at 930-931 AM.. if that happens here in the next week, I swear I have no ties with JPM (but im starting to wish i did )

But to me this Resistance # 1 I have been squawking about lately could throw us like a tidal wave to 82-84xx to 92-94xx...AND then you gotta watch for the spike the other way.. so GL to you on that LOL!!!! Hope you are sitting on the exchange floor, bc otherwise you are dust.

So IMO there really is no way to play it unless you are into the options game where you can afford to lose the premium on something etc...

Be very weary of the market for the next couple weeks, thats about all I can say.


Your posts and messages though P4T have always been appreciated btw.

And everyone knows, I call them like I see them, I don't trust anyone's opinion but my own regarding the market, unless I know they either have "insight" or know the technical game.. so please.. don't associate me with the PTB, as I wish I could wield that capital. But then in that instance, most of you would hate me, because I am ruthless and would have no problem profiting off "the game".

reply to post by DangerDeath


Technically, I am ruling out those #'s you are throwing around.

At least for the next 6-12 months IMO ----

The game has turned "technically" and the pro's will continue to profit off of your short positions..

Remember, NEVER LET EGO GET IN FRONT OF YOU..

Look what happened to me on WED. (wrong 2x in one day) thats a classic example of when you don't go against the market (or JPM, GS) for that matter

reply to post by marg6043


Thanks, I really appreciate that - but from now on I will just post my charts and a brief caption.. and of course comment if someone asks me a question, quotes me etc..

But I rather not give a up to the minute or even hour by hour opinion - bc I have a feeling my ideas were getting "followed" and I never intended that. If I lost, like I said 10000x I would hate to have someone ride my coattails.

Wanted to add as well as why I think this a Pro's game lately is bc I have never been so "cut up" as far as 5 minute bars go up and down

30-40 pt. up and then the follow 30-40 pt. down bars signal to me something big is on the way and the big players and quickly covering/shorting/who knows their positions...

Especially on the DOM charts I have most of it has been "Dark Liquidity" that I can't follow, its all privately matched big blocks of contracts.. I would really really really really like to know who are behind all these transactions...

Originally posted by GreenBicMan
reply to post by pause4thought

 

Doom?

I dont know, I think there is always opportunity. Lets look at it that way, maybe? I like that outlook much better than looking/charting for our demise, I dont think thats a healthy way of "being".

Well, from what you say here at least you are sincere. Quite a relief, since I just read your post here and thought you must be a disinfo agent.

The longer you spend worrying about stuff, the more you miss, and opportunities fly by you.. I always have my eyes open.

Not worried, just vigilant. And no harm in positive thinking, even when the noose is round your neck. It's just that when you see the guy with his foot on the trap door...

But right now in the markets is the Pro's game only. Im serious about that, when JPM is totally controlling the closes my dad got interested as well. Now, he is not a CT, and he was even wondering how he could beat the game with JPM and GS getting gov. handouts.. so that stood out to me.. He was quite pissed b/c FINRA was giving him # about some investments and how JPM can do what they please.. it was hilarious.

So you DO recognize market manipulation? Welcome aboard.

He thinks one morning they will dump all these contracts, right at the open too.... like I said my dad is a pretty high level genius as to the finance community, and he is usually correct on his intuitions.

Get him in here.

This means to me, going by his hypothesis (and this is my thinking, not his), the market will dump about 100 pts fast.. prob in 1-2 mins.. plus triggering stops, plus other people jumping on board in the pit.. so prob around a 200-300 pt drop one early morning at 930-931 AM... Hope you are sitting on the exchange floor, bc otherwise you are dust.

I'm not worried about personal investments. I'm concerned about the savings, investments and pensions of the entire planet being effectively syphoned off via the banksters and their bailouts and the fallout in terms of macroeconomic armageddon.

So IMO there really is no way to play it unless you are into the options game where you can afford to lose the premium on something etc...

You're beginning to sound like one of us.

Your posts and messages though P4T have always been appreciated btw.

And everyone knows, I call them like I see them... so please.. don't associate me with the PTB

...I wish I could wield that capital. But then in that instance, most of you would hate me, because I am ruthless and would have no problem profiting off "the game".

Watch for the envelope market 'Bilderberg Invitation'.

Originally posted by GreenBicMan
reply to post by DangerDeath

 

Technically, I am ruling out those #'s you are throwing around.

At least for the next 6-12 months IMO ----

The game has turned "technically" and the pro's will continue to profit off of your short positions..

Remember, NEVER LET EGO GET IN FRONT OF YOU..

Look what happened to me on WED. (wrong 2x in one day) thats a classic example of when you don't go against the market (or JPM, GS) for that matter

I will try to explain this again.
You are being passive, because you depend on the perception of changes in the Market.

Now, this makes you always one step behind of what is really going on.


Some people have so much money at their disposal, they can do with the market whatever they want. As opposed to that, you believe that there is some "logic" in the market, and you are trying to define this logic using various means, as you use those graphs. But they only picture what has happened, and cannot predict what the guy with all the money will do next.

The Market is manipulated and if you want to predict what will happen next, you better try to get into the head of some Goldman or JP.

Think about what their interest is. It is known that Goldman Sucks manipulated silver before. This is a proof that Market has no life or logic of its own. Stick to that. Try to understand what is really behind all those "moves" you observe.

You are looking into the mirror, and you don't realize that the thing that is being reflected there is not "in the mirror". It is before the mirror. So, GBM, what you need to do is redirect your gaze to the source of the picture. The picture itself is just a shadow.

muhaha.. yes, I was a Bilderberg invitee, I had a golf tournament though, so I had to pass that up lol

and getting my dad to come on here.. well lets just say he wouldnt. plus you would all hate him anyways bc he likes obama... I could go on and on.. but he just never would.

if he says anything interesting though I do have my ears open

he did say he doesnt think inflation on the short term is a worry though.. something about the correlation of Treasury yields or something.. he says in a few years.. heard him talking on the phone to someone about that.. but like I said I dont know enough about that etc...

reply to post by DangerDeath


I know what you are saying, but I called this market about 2000 points ago on the dow and about 150-200 on the SP.. so I know what I am doing especially if you follow my NASDAQ chart..

Again, I dont want to argue about it, we can agree to disagree, but we would have a "technical" crash if those numbers printed in the next 6 months

reply to post by GreenBicMan

getting my dad to come on here.. well lets just say he wouldnt. plus you would all hate him anyways bc he likes obama... I could go on and on.. but he just never would.

Are you kidding? Sounds like GBM on steroids. He's welcome to come in and teach us all a lesson any time. As long as he can back up his opinions let him take the place by storm.

My only worry is his fees might exceed Stander's. (gulp)

if he says anything interesting though I do have my ears open

A recording device is what you need.

he did say he doesnt think inflation on the short term is a worry though.. something about the correlation of Treasury yields or something.. he says in a few years.. heard him talking on the phone to someone about that...

We like unsubstantiated rumors that could effect the markets. 'You sure you ain't no Illuminatus?

Originally posted by GreenBicMan

I know what you are saying, but I called this market about 2000 points ago on the dow and about 150-200 on the SP.. so I know what I am doing especially if you follow my NASDAQ chart..

Again, I dont want to argue about it, we can agree to disagree, but we would have a "technical" crash if those numbers printed in the next 6 months

GBM - I just wanted to let you know how much I have appreciated your posts in this particular thread. It always seemed to me that you were a voice of reason among an onslaught of doom and gloom predictions.

Not that the doom and gloomers should be ignored, as that point of view has relevance as well. It's just that, at times, this thread becomes, for the most part, a "SEE?? I TOLD YOU THE ECONOMY IS GOING TO CRASH." mobfest.

It was refreshing to read your well thought out and reasoned approach.

To me, you are the "anti-Reinhardt," in that you made specific comments, unlike the fraud who leaves cryptic remarks and leaves it to his disciples to turn those inane ramblings into correct predictions.

That and you never charged anyone to read what you wrote.

Thanks for the effort you have put in here. I'm thinking, someday, when our economy is back on track, I might want to hire you to handle what little money I will have left

reply to post by Night Watchman


Yes, lets hope that we see that day my friend lol...



Perhaps one day you can hopefully get into my HF as well


Thanks for the comments btw

reply to post by pause4thought


I wish.. I would have a working car and not a hyundai parked outside that needs another new transmission..

Last time I checked illuminati at least has a 3 series lol

reply to post by Night Watchman


Could GBM be the One who will restore balance to the force?

In all seriousness we're all engaged in a collective exercise of detective work. The reason it can sound so negative is that the positive is trumped so loudly in the MSM it pulls the wool over people's eyes, and many would say this is intentional.

Thus the ATS view of the markets will inevitably tend to be 'off-message'. At the same time there is an awful lot more than opinion being expressed, and it's essentially the exchange of data that drives the discussion forward.

reply to post by Night Watchman

To me, you are the "anti-Reinhardt," in that you made specific comments, unlike the fraud who leaves cryptic remarks and leaves it to his disciples to turn those inane ramblings into correct predictions.

NW, I understand you - psychologically...

Do you know someone, apart from GBM, who can give accurate predictions?

Bernanke? Tinman?

I repeat: BICCY START A BLOG!!!

Not everyone thinks your're crazier than a chit-house rat when it comes to all this stuff...; You're also good at accepting and admitting your not so good choices and that's great by me.
I believe you are certainly "passionate" and I know that involves hours of reading,work,and effort with or without pay at anyone one wants to become "good at."
It will serve you well.
Get a following going and build your positioning...it's interesting and if you can learn to condense and clarify just a bit more,I think you'd have a following,as I've said and when;/if things "turn around" or even if they don't,you might be in more of a credibility-position to build the career you'd like?

I'm a chicken-chit about all of this: sat for 3 hours in my "money man's" office yesterday and honestly and begining to believe that he and many others are simply clueless...he kept using phrases like" everyone's lost money" and "people are singing a different tune"...and "green shoots" and "when the market pops back up..."

I wanted to pop on my ipod and tune his ass out.

I sort of set him straight and when I started asking about pulling a chunk of money immediately out of the treasuries I hold and trickling that back into some other funds he gave me the lame: "well...we're still getting some sort of return on them and I don't advise that."
I'm very cautious about treasuries and bonds: I know the least about how they "work" and they are dicey at best right now.
Trust me,I made my point with him,LOL! My money,my way.

It was just an eye-opener though that even someone I've done biz with for YEARS is acting like it's his first flippin' rodeo.

We all HAVE to stay on top of this and be pro-active...the "pros" aren't all that "pro" right now IMO.
Too many others richer,angrier,and hungrier out there!

reply to post by irishchic


Thanks.

And all I have to say is just be careful.

Think about it this way ok?

_________________________________

Here is exactly why you need to be careful here.

#1.

Long Term Downtrend Resistance Line. Needs a LOT OF leverage to push through, and like I said GOOD Economic News..

#2.

If it does NOT hold this resistance, then technically you might as well draw an arrow straight down to here..

Trust me, this resistance could hold, and then this I promise you will happen

I wouldn't be surprised for one second if big money decided to take this whole thing down on the first reversal of good news such as who knows.. take your pick.. still uncertainty in markets, and we are now just getting a final push here like.. well honestly, I am not sure why.. like I said Wednesday technically we should have fallen, and hard IMO.. but they bought it back (JPM)

But what is also interesting is JPM has been on the winning side only 100% of the time, and you know they get their $ from the govt. which prob also lets them know "Blue Horseshoe loves Anacott Steel"

So why bet against the house imo? Well its because I think we need a pullback, but JPM will tell you otherwise... my money is on JPM LOL!!! But seriously thats why I am "out of the game" right now..

Remember thats all my opinion and its based on a lot of things.. so many things to think about.. IMO its all about uncertainty right now.. plenty of time to form a better opinion ONCE THE PROS FIGURE IT OUT.


By the way, how do you start a blog? I had a hometown.aol.com page if anyone remembers those lol!!!

reply to post by pause4thought


Oh I really doubt that, anyone could do what I do with 10 hours a day + into it. And thats prob what I actually am putting into it lately..

I guess for me it doesn't matter, I mean it kinda does bc of business, but other than that I have no $ in this thing anyway - which i suppose makes me have less bias as well which I think could be a good thing.

I like that soundtrack, But I wake up every morning and dance like this, key to life

I think this is an interesting area for this reason as well.

You will have to form your own opinion, but


This is what I am looking at as well for the next couple days


There are 2 things to look for.

#1

That level of support we have formed


#2

That perfect declining triangle



You can form your own opinions from there I am sure.

Something else to look at

The dow futures on a daily chart is showing a few things

Now my resistance #1 IS IN YELLOW

The Blue lines are all significant trendlines..

What I have highlighted is IMO and if you need help with that formation you can PM me


Could be interesting here for this reason as well



[edit on 6-6-2009 by GreenBicMan]