Facts On "Poop"

[Bmx33606]

There is an inverted hammer that was made today. Did anyone see that on the stockcharts website?

[cabadejo]

@Bmx33606 What time frame?

I can't see a hammer on the daily. A hammer must have a long wick and relatively small body at the top end of the candle.

An inverted hammer has the body at the bottom of the candle.

[cunnidvd]

Ouch. CNBC shills are talking up a 20% rally just ahead. I suppose that may be a good reason to stay short.

[colty77]

Keep in mind as of now these are low volume rallies. The short term moves up still aren't backed up by much volume.

[PSAadmin]

@colty77 At least someone gets it, glad to have you with us!

[MerinCR]

Oh man, there is so much "POOP" today on the market. It's like a corporate LUNCH for you and your subscribers. haha The question is - will you eat it this time? Let me give you a HINT - inverted head & shoulders on the E-mini S&P. :) Enjoy your lunch.

[bakabusu4]

@MerinCR I was warning Christian, but of course he was a little cocky..........

We were staying on the upper part of the channel without going lower for like a whole week....

Itd be better to short from here than from yesterday...

Earnings take us higher? my ass, inverted head and shoulders....even though long run is down...as a trade i like this =]

[MerinCR]

Don't stand in front of the train man. You will have a better time to short. This is a strange market. The bearish case is so PERFECT and yet "something" is taking us higher! And it's not even corporate earnings. It's China + commodities + inverted head & shoulders on NYSE. It's a contrarian trade aka "Poop".

[meetMr7]

@MerinCR Guess I'll cover half today, in case MSFT is good tonite. Thanks for the "heads up" hehe

[meetMr7]

Uh oh up 222 and the indices are breaking over their key averages. Christian this looks bad for the bear case. Should we cover today and re-enter later on?

Thanks for any input

Regards Eddie.

[ivangrozny27]

hmm...i dunno. elephant poo is probably kinda nutritious what with all the grass and stuff in it. if you served me dried elephant dung i might not be that offended tbh :-)

[cosmicguerilla1]

lol,



[rockerme4u]

Dude, if they don't want to listen, let them eat poop. With ya all the way.

Personally, I love Beef. Steak tast lots better. Made enough today to buy

the whole dam steer and a case of bass ale. Thanks.

Good Work, great fundamentals and principals.

[plato386]

yes keep doing it your way, and keep up the awesome work you are doing.

im learning, i was so skeptical of your views,but it seems to me you have more hits than cheech and chong. thanks

[noetherianring]

Awesome poop analogy rofl.

[noetherianring]

Hahahaha blow it out of the water!

[dlmaniac]

Strangely there's lots of buying volume at the last minute of the market tho.

[alexandraxiaver]

wow, the video is crystal clear today. great job!

[TheEarthGerm]

"Bernanke said the Fed would consider action if matters worsened." Please read between the lines!!! The Fed knows its going to hit the fan again real soon or they wouldnt make comments like this. Rumors of another stimulus is in the works already for early next year. 8K here we real soon...September is my guess.

[PSAadmin]

@rfdoomz LOL

[zappowzap]

To be fair, you can't trade like you have unlimited money.  So, what percentage of your cash are you devoting to each red arrow? That said, AWESOME job tracking the market - thanks!

[cosmosgato]

@zappowzap True some good traders loss their shirts shorting the Nasdaq back in the late 90's.

[idonotneedanidforyou]

I was eating dinner when you were talking about poop. lol

[PSAadmin]

@idonotneedanidforyou LOL

[buffett1000]

I won't be buying poop until Oct when the Fed start printing bog roll again to avert deflation.

[LondonCrusader]

Great video...but dude...

don't invite me to dinner at your place..okay?

-

yours. 100% short. :)

[PSAadmin]

@LondonCrusader LOLOLOLOL!!!

[goldwing25]

Bulls have lost their sense of smell, lol

Thanks for the vid!

[terminator007007]

errr.....lost you there on the "poop" analogy. 

[nocsm1]

What about the current reverse head and shoulders in the Dow?

[cosmosgato]

@nocsm1 Well if it breaks the neck line "SUPPORTED BY VOLUME" then if you like go long.

[nocsm1]

@cosmosgato Good point. I think Christian should point it out. But he does enough as it is. Sell the poop!

[mistapikkles]

I like to trade poop though LOL!!

[rpur441044]

Ill eat Megan Fox poop...but these markets show a used Rosane Barr diaper filled with Indian food.Thanks Christian for your time in putting up these videos.

[bakabusu4]

whats up Christian, im the one that said u have a bearish bias....but i didnt say buy long.....

I just said we had a very hard time breaking through 1065 on the $SPX even today!

3 days in a row we couldnt break below.....and the past 2 days we had VERY bad housing data which i was expecting to take the market lower....

Like i said before, in the long run i agree with u 100%....But im watching 1065 before i start shorting again.

[Bmx33606]

I had a long talk with a professor at the University of Tampa where I go to graduate school. He said that recessions are bad, and that the economy is improving. Guess what? I made him a bet. I bet him that the economy would be worse 5-10 years from now. It has been one year already. Also, I had an Economics professor last semester who said that the financial crisis is over. He put that in his published paper that the class had to read and take notes on. These professors do not know squat!

[cosmosgato]

@Bmx33606 I have to say 5-10 is a lot of room for things to happen.

As you were speaking over in he physics lab a grad student had just preformed a remarkable experiment.

[bohemianh]

I bought TZA this morning after the open, sitting on 5% gain !!!! so great advise! 10,000 on my radar!

[Mr1openmind]

Thank You!

[stockfollower]

Hi, Christian, thanks, for the daily vids, wanted to know what your criteria for pivot highs and lows are. I know some say you have to have 2 higher lows or 2 lower highs on both the right and left side of the swing high or low. If we made a higher low thursday than today, would tuesdays low then be a pivot low, a higher low??

thanks, for all your chartist work, very educational, and entertaining as well!

also thanks, for not flipflopping and changing your bias every other day, like some!

[jordan2tagg]

great call on staying short yesterday, I didn't dare to play it but that was a difficult call to make and you got it right. awesome

[cosmosgato]

Everyone else is eating poop why aren't you?

ROTFL

It's not about being right or wrong its about being logical.

You're price and volume analysis is fantastic.

If they Bozos can't follow it's a sad day for them.

Beside we need the Bozos for there liquidity,

Thanks.