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Monday, April 9, 2018

SPINNING TOPS & MARKETS

“Is it just me, or is everything spinning out of control?”

In the last 11 days of DOW30 trading [excluding today], it has fluctuated up 
& down violently, to the tune of approximately 30% of the value of the entire 
index … 600 - 700 point ranges common, with reversals, double reversals, and 
a triple reversal thrown in for the first time I have ever seen one. And it very 
much appears to me, the entire “house of cards” created by the morons at the 
FED, is on the verge of collapse. With trillions in ETF’s, ETN’s, risk parity 
funds, and options hedge funds, who’s gonna sop up the trillions in selling the 
FED has created over the last few years? … certainly not them.

The “Plunge Protection Team” [PPT] is only good for market rebounds after 
the selling, as they don’t absorb it on the way down … “well, what happens if 
one of these days, heavy selling doesn’t come back, but only gets worse? You think 
DOW30 down 700 points is bad? How about DOW30 down 1800+ with no bids in 
sight”? It all reminds me of a spinning top when it loses “energy”, and the 
totally chaotic path it then takes before, like “Humpty Dumpty”, it all falls 
down.  “Are we very close to that moment”?

Turning to today’s market … after Friday’s 700 point bloodbath to the 
downside, complete with the PPT ramping the DOW30 200 points up in the 
last hour, what makes more sense than seeing Sunday’s higher open go higher, 
and both Europe & the U.S. add another 500 points to the upside?  
“Wait … what”? 

And of course, no day would be complete without our scumbag LP bank’s 
messing with the spread during the NYSE day, to pad their accounts … “err 
wait, I’m sorry, “market conditions”, duh”! Directly below, just 2 examples 
from today, where if I wanted to, I could post 10 - 15. Bid in blue, offer in red.



Coming into the week, I had today penciled in as most likely a “wasted day”  
… not that something couldn’t happen, simply most likely it won’t, and end up 
the least volatile day of this week … a great day for chop and scumbag LP 
bank bullshit. No news anywhere today, and Xi speaks tonight in China, where 
Wall Street is totally apoplectic over the idea him & President Trump will kiss 
and make up, thus averting the dreaded “trade war” were not in says Larry 
Kudlow.

Only one trade today … PAMM up a few bucks shy of 0.1%.

Simply a rotten trading day, where from the Sunday night open, it’s been 
straight up the wall about 600+ points from the last hour of Friday … go figure. 
It wasn’t until 2 P.M. EST, the indices finally rolled over, and there’s no way, 
with the market up the entire day, I’m gonna step in and try and buy a last 
hour to two hour break … I don’t care what the setup looks like … and there 
you have it, cuz what I know, is that when it rolls over, by the time you see it on 
the chart, you’re toast … and all the wonderful M1 up green candlesticks don’t 
mean diddly when it starts to “Thelma & Louise” red on the way down … not 
only are the bids dropping, the scumbag LP’s are widening the spread so you 
can sell it “in the hole”. “Well, that was a nice 420+ point break out of nowhere 
that saw longs puking into the last hour … and the red M1 candlesticks on the 
way down were vicious … no chance of redemption if you’re caught, cuz they are 
gonna stick it to you”. That doesn’t mean you want to be short either, cuz the 
entire day has been on the upside, and every high up until that point, shorts got 
the market rammed up their noses.

The one trade I did make today, was the only really legit “Teacup Handle 
Turn” [THT] that wasn’t compromised by being 30 - 50+ points deep. Other 
than that, it was either straight up or straight down, with nothing in between 
“you’re either getting squeezed from the long side, where the breaks come fast 
and vicious, or you’re getting the rally in your face that just keeps going up if 
you’re short … some choice”. 

How fast did that last half hour turn ugly, as the market puts in another huge 
reversal day, and a new low? Now you know why I refused to get long early 
this P.M., cuz when it turns, it turns with a vengeance, and I don’t much like 
getting caught.

In any event, tonight will be fireworks from China … by tomorrow’s open, 
we’re either gonna be up 300 or down 500 at some point. We’ll see what 
happens. I’m outta here … until tomorrow mi amigos … Onward & Upward!!

PAMM spreadsheet directly below.


Have a great day everybody!

-vegas

OUR TURNKEY FOREX “PAMM/MAM” IS NOW OPEN AND
OPERATIONAL; SEE “PAMM/MAM MONEY PROGRAM” IN
“DOWNLOAD LINKS” SECTION IN RIGHT HAND COLUMN
FOR DETAILS [VIEW ONLINE AND/OR DOWNLOAD] AND
START YOUR JOURNEY FROM WHERE YOU ARE AT TO
“ESCAPE TO SUCCESS”!

  
 


  



 

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