“Next to George
Washington, the best President evaaaahhhh!”
Libtards,
of course, cringe at the sound of Reagan’s name; why? Easy Peezee: Cuz he told
the truth about big government and the destructive forces emanating from it.
Libtards essentially have replaced religion with government, so when you
question it and point out the graft, bribery, corruption, hypocrisy, influence peddling,
double dealing low lifes who inhabit government and pretend to want to “help
the poor” while lining their own pockets, you are in fact questioning the
existence and purpose of those who hand out the “benefits” [a/k/a “the cash”],
and that provokes a discernible reflexive and negative reaction from the faithful.
However, whereas Christ is always with us no matter what, whatever government
giveth, government can taketh away at their whim … Reagan hit this point “out
of the park”.
It’s
amazing what people will do, and the lengths they go to, to rationalize their behavior
towards things. It really shouldn’t be all that surprising, cuz from the time
we grow up, and go through the maze of corrupt cottage industries catering to
our “growing up”, we get to see up close and personal just how hypocritical and
corrupt damn near everything is. We get to see as kids, the rotten teachers,
the evil school administrators, the feckless counselors, and before you know it
you got the system figured out as to how best to manipulate it for your own
benefit.
So,
with this in mind, I’m LMAO reading the email I got from Turnkey yesterday
about our 2 fills recently and the lengths they [brokerage house & LP] go
to in justifying the robbery; it’s just another indication of the double
dealing “life under the big tent” of government we’ve all come to know and love
[not]. Cuz make no mistake, they get away with it cuz everybody in the food
chain is feeding off of customer accounts. You seriously gonna sit there and
tell me the regulators care, especially when they get tons of graft “under the
table” from the industry? Back when the first of modern day institutional &
retail, large scale hit job came in January 2015 with the Swiss Franc, I said
at the time that if you wanted to know who was responsible and guilty of insider
trading, simply check the Mercedes Benz dealerships in Zurich in the coming
couple of weeks for blonde bimbos in their 20’s buying 380SL’s with cash, and
you’d have your answer pretty damn fast. Of course, it’s all still a mystery to
the regulators.
And
so, what impressions do I walk away with when I’m told [apparently with
straight faces and they’re serious] two incredibly logic riddled pieces of
information; 1) “Our computer system
checked our computer system and our computer system says your fills were 100%
accurate and on the market, and 2) other brokerage houses that we checked with
have the same fills at the same time, proving there was nothing “nefarious” on
behalf of the LP”.
OK,
my response to each: 1) “Oh, I didn’t
know you had the HAL1000 computer system from “2001: A Space Odyssey” as your
failsafe corporate “know it all”; maybe you should re-watch the movie and get
back to me, and also, did you never hear of the phrase, “the fox guarding the
hen house”?, and 2) the LP has hundreds of brokerage houses getting the same
treatment; telling me there can’t be anything wrong cuz the LP gave the same
quotes and fills to others at different brokerage house clients proves
absolutely NOTHING AND SAYS NOTHING”! And, like government, this passes for
critical analysis; meanwhile the head of the LP scumbag bank just financed his
daughter’s fall ballet lessons. “Nothing
to see here Sheeple … move along now … just a little hiccup in the system … we’re
here to help you, remember”?
And
last night, fresh from her gig in Londonistan somewhere, ChairSatan Yellen goes
to great lengths to assure us all, another stock market stock indices crash
will not happen again in our lifetimes; cuz, 1) “Everything Is F-ing Awesome Baby!” and don’t you forget it, and
most importantly 2) cuz she says so. Well, I don’t know about you, but maybe
you should lay in some fresh water and beef jerky in the basement on this “chutzpah”
… Oh wait … I forgot … she’s from the government and she’s here to help. And of
course … remember … these are the same
types of people who regulate the trading industry. I know I sure feel better.
Over on ZH is another take on Grandma Yellen’s idiotic & delusional thoughts;
seems I’m not the only one who thinks we are being led down the “primrose path”
by a bunch of faculty lounge types who are clueless. The link directly below in
case you missed it today … it’s a good read.
Turning
to today’s trading … late sell off on the close took stock indices lower
yesterday … however, as is so typical lately, better trading in the “wee hours”
than anything we are likely to get once New York opens … c’mon, who doesn’t
like manipulation when we’re all asleep? … no important economic releases
today, so it’s shaping up as another “Plunge Protection Team” [PPT] every rally
is a “ramp up” on vapors kind of day; we’ll see, but rest assured, it’s highly
probable today, the central banks put a lid on market declines and we will most
likely see higher prices later … of course, I could be wrong about this. Here
about 3 hours from the open, it looks like a slightly higher open come 9:30;
early rallies are going to be sold.
As
I said yesterday, “thieving LP’s got to
be thieving”, and as I write in the early A.M., the Dow 30 is right on its
high of the day, so of course the LP goes from a 2 point spread to 2 – 3 point
spread; the purpose here is simple enough. They expand the spread to get an
extra point to set off stops and pad their pockets … it’s who they are and it’s
what they do … it’s got nothing to do with anything else, and when the market
falls back from whatever range we have today, the spread goes back to 2. “I dunno, maybe the HAL1000 computer system
can run a diagnostic and assure us all everything is completely 100% A-OK … no
worries Dave … Dave? … Dave, you’re not worried are you”?
Well,
that escalated quickly didn’t it? … welcome to the bullshit of the PPT, where
you to can get short and get killed quickly when they stampede the market … oh,
like they just did for 50 points straight up in the Dow30 in 2 minutes, the
chart directly below.
And
now, this presents somewhat of a problem this morning, cuz they just “burnt
through” buying power that they would potentially want and need later from the
“crash & burn” crowd … until later when they do it again … and then again.
Now
comes the ‘talking heads” with the “official” central bank explanation of the
sharp rise in the Dow30 … “ECB spokesman says Draghi’s comments misinterpreted”
… oh, very nice … and did this spokesman just decide on his own to trot out and
give his opinion, or were there others that saw what the Dow30, DAX30, &
SP500 did yesterday and weren’t happy about it … and now, after some “arm
twisting”, in order to change the theme for the trading day just before New
York opens [I’m sure it’s just a coincidence], he comes out and “bombs” the
markets … and of course, the PPT is at the ready to inflict as much pain as
possible on shorts, as sure as the sun rises in the east, they knew beforehand what
was coming and were prepared to act aggressively … Welcome to the new world
order of central bank trading.
And,
since it’s a new day, I’m sure our glorious and wonderful HAL1000 LP has filled
all the buy stops set off by the PPT and filled them fairly … not that I want
to know, cuz you already know every damn one of them is filled up at the high
of about 21420 in seconds from much, much lower prices… cuz, you know, it’s
where the market really is … our HAL1000 says so … Dave? … Dave, you’re not
worried are you?
So,
what comes after the forced North Korean confession from the ECB Apparatchik? …
try nuttin’ honey … business as usual on Wall Street … cuz you know, these
Apparatchik sycophants for the ECB, BOJ, SNB, & the FED of course, all work
hand-in-hand for us … right? It has nothing to do with outright theft … OMG,
only a tin foiled cynic would think that … “yup,
and proud of it”!
Market
opens, and of course, the institutional Chipmunks buy the day’s high for the
umpteenth millionth time … same bat excrement, different day is all … the
blatant and outright manipulation and crucifixion of shorts on full display …
so, from an hour ago, the Dow30 is 80 higher and it’s “mission accomplished” …
if you are confused by all this, it can only make sense if you subscribe to my
premise of central bank manipulation.
Fun
& games after the first hour or so, with the PPT having more fun than any
quasi-government manipulator should possibly have the right to; already, and we’ve
only been open an hour, I’m sure the HAL1000 computer running the show at the
LP in the Dow30 is generating floods of happy emails, as these guys have
discovered Christmas in June, and the machine is smoking hot from all the
action. Already, the PPT manipulators have been in the market about 5 times
punishing shorts out of nowhere with the message, in not so understated terms, “you will not be allowed to take the market
lower … PERIOD”! Problem, though, is it’s all manipulative central bank
buying, and once they’re done prices fall quickly back … market starts to drift
lower and then … BOOM! … here they come again … so, am I [or anybody else for
that matter] supposed to know they’re coming in half a dozen times in the first
90 minutes and blow both the Dow30 & SP500 to smithereens up the wall with
no signals or any kind of market action that is predictive? And as I have said
before, these asshats in government don’t understand markets or trader
psychology, cuz if they did, what they have done today so far would be done in
the LAST 90 minutes of trading, not the first [who knows, maybe they do it in a
few hours but I doubt it]. The most powerful
rallies always occur in the last 90 minutes of trading when the shorts get
trapped with no time left.
In
the process today, in 2 ½ hours the entire “the market is gonna crash bigtime!”
meme is blown sky-high out of the water, and anybody buying into the theme
today, and stayed at the “short party” a little too long, got literally crushed
in seconds not once, but about 5 or 6 times in succession. “By all means, be short consistently and tell me how it works out”. And
here in the late morning, cuz as we all know the LP’s do such a wonderful job
of making “fair & unbiased” market quotes and fills, the Dow30 just hit a
new high while at the same time the SP500 went lower … buy stops filled, market
goes lower immediately, and thanks, come again soon! … “Dave … Dave? … We don’t have a problem do we Dave”?
I
must admit, I didn’t see this coming in the A.M. today … thought there was a
chance in the P.M. we could see something like this, but this … I can only
imagine the complaints the HAL1000 is going to receive after today … government
market manipulation on steroids. Over the last 24 hours, now that order books
have gotten cleaned out on both sides … first the sell stop side, and now the
buy stop side, I’m sure in central planner HQ the champagne corks will be
popped this evening on a job well done. But, hang on … PPT #7 right here before
Noon takes the Dow30 up to 21490 area on more buy stops … and we haven’t even
gotten to the half way point of the day yet.
Early
afternoon in NY, and the central banks are giving a lesson to the stock
indices; “you will go down only when we
want you to, not before … got it”? And those who refuse to learn the lesson
get to go home with lighter wallets. Since the final PPT ramp up in the Dow30
at right before Noon, it’s been a nothing burger of sharp bursts up, then down …
rinse … repeat … having fun yet? I’m thinkin’ at least half the traders on the
street are suicidal from today’s action, it’s been that vicious and fast, and
the upside action has gone much further than I think anybody imagined was
possible today. Of course, when you got the PPT coming in every 45 minutes of
the day jacking prices up on “vapors”, anything is not only possible but
probable as well; with 2 P.M. only a few minutes away, who knows what they got
planned for the last 2 hours. Since Noon, when the high in the Dow30 was made,
the SP500 is up approximately 2.5 index points and the Dow30 is down 10 points …
sure, talk to me about correlation.
The
first 2 PPT explosions to the upside occurred before the market open; the
second one was almost finished on the NY open, and it was after this correction
to the downside that I made the days only trade; the algo got us long a hair early,
which didn’t cause any problems, but the third move higher via the PPT saw the
Dow30 rally only slightly, while the SP500 rallied 4 full index points. I can
take a hint, and liquidated; and for a while it was a good idea, until the PPT
came back in for rounds #4 - #7 during the next hour. And while we made money
on the trade, and the algo called it, after that the market never did Mr. Jack
Squat until expanding the day’s range up to 170 points. And if you think I’m
getting long up anywhere near the high of 21493, you’re simply nuts … I do not
buy rallies … the probability of expanding this range even higher is not good.
If we can get some kind of real correction of 30 – 40+ points from the high and
then a good reversal off of that correction low … sure, I’ll make the algo
trade … but since I got out of my trade today, the market hasn’t corrected much
more than about 15 points … not enough at these levels to justify the risk; so,
a small profit today.
On
another matter, the PAMM spreadsheet can’t be done today, not because I don’t have
the Microsoft Excel via Office 365 working … I do; got it corrected last night
and they hopefully fixed the bug permanently. No, the reason no PAMM
spreadsheet today is our wonderful, fair, account loving LP via Turnkey has
messed up the trade history for the master pool account on the MT4 trading
platform. Since last night, I have no “trade history” from which to get trade
prices nor times from June 20th forward; I’ve made Turnkey aware of
the problem since early this morning, and was told “we’re working on it”. Maybe
the HAL1000 ought to have a talking to, but I’m sure between days off,
champagne corks popping, counting all the money, and filling out complaint
forms for the LP cuz of bat guano fills, that they will eventually get around
to it. So, PAMM spreadsheet is ready once I can get prices and exact times from
the MT4 when they get it fixed. By the way, this MT4 “glitch” in “trade history”
doesn’t affect the money balance or anything else traded related in the master
pool account; everything is good there, it only affects “trade history”.
Near
the close, and another frustrating trading day, not because the PPT came in 7
times, but the simple fact that once this freight train gets rolling up, it
never corrects back … and no, 2 or 3 M1’s down 7 points is not a correction or
break … about the time it does come back, we then get the “Flying Wedge of
Death” [FWD] coming into the mix and saying hello, and the propensity of the
Dow30 these last months to go from high to low back to a high and then back to
the middle is about 20X times higher than we have ever seen it historically …
for that you can directly blame the central planners and the PPT for their
manipulative efforts. Another very annoying factor today is the breakdown and
lack of strong correlation between SP500 and the Dow30 … the vast majority of
the time when I’m long the Dow30 and it goes up 5 points while the SP500 goes
up 3 – 4 full index points, I know I’m in trouble and living on “borrowed time”.
To then see me liquidate and the Dow30 start climbing rapidly while the SP500
then breaks a point … well, I’m left in “la la land” wondering what universe I
just wandered in to and how do I get out of it? … cuz stay too late in a trade
in this stuff, and the LP will burn your donkey with slippage like you can’t
believe.
Whatever
the situation, though, the version 4 volatility algorithm is “gold”. I’m not
saying it’s “foolproof” or will never have a losing trade; only an idiot or
fool would ever make such a claim. What I am saying, though, is that a series
of trades taken during any given trading day will give us profits the vast
majority of the time, and put us into an excellent probabilistic scenario to
make money … obviously, some days are better than others, and we can’t control
market behavior; whether it’s dead or bat guano crazy, it is what it is. Right
now we are sitting at 50+ year lows in Dow30 intraday volatility based on
percentage moves … as I’ve stated before, I don’t think this can last very much
longer. So, we take what the market gives us and move forward; I’ll have more
on the version 4 algo tomorrow. Onward & Upward!
Time
for the beach … the dog says it’s DQ ice cream time first & we are soooo
outta here … until tomorrow.
Have
a great day everybody!
-vegas
OUR TURNKEY FOREX “PAMM/MAM”
IS NOW OPEN AND OPERATIONAL; SEE “PAMM/MAM MANAGED MONEY PROGRAM” IN
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