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Big Wet's Stock Talk 10-01-09

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Uploaded by on Oct 1, 2009

10-01-09 market analysis and chart analysis

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News & Politics

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  • For the most succinct explanation of this Fed-induced liquidity -injected rally, using Q-Easing(PROPPING) go to zerohedge and read "Reversal vs Pullback" , the ? is... will the Fed and other central banks keep feeding this MOMENTUM BEAST?

  • 98 banks closed ytd, fdic near bankrupt and FAZ down 99% ytd. GS crooks continue to rob the USA. SEC still trying to figure out if there were any rules broken on the Enron scandal. Good Luck

  • Dip buyers or GOV'T trying to hold the 50-day, the BLS is late but coming clean on their corrupt(birth/death) job numbers.

    The government revised job losses for July and August to show 13,000 more jobs lost than previously reported. ***Preliminary annual benchmark revisions, released together with September's employment report showed that total non-farm payroll employment for March would have to be revised down about 824,000. (!)***

  • Could you also cover Hong Kong (EWH) ETF index ? Thanks

  • Yesterday end of Q manipulation was some of worst in history, even oil up $3 to $70(call strikes?) despite crude BUILD! Goldman's short, OBVIOUS- with call for higher job loss # in LAST 15 MIN OF TRADING TODAY. Checkout $TRAN, broke 50-day big volume. Dow RSI broke below 50, not since July. MACD cratering. S&P p/e 71/2 times the p/e17 historical ave, Yes, that's 120!

  • Big I don't think it's profitable hav 100% bearish positions in de portfolio. 4 example, "buying de dips" has been working so far & it could work again, so I'm buying calls on de Q's; on de other hand, I also know dat dis could be it, dis could be de big drop, so I'm also buying puts on stocks with bearish setups.

    Dis way if de market keeps rallying my Q calls will make me money, but if we tank, my puts will make me money. And once we have a definite new direction I can close de wrong positions

  • BW72, glad to hear you didnt get stopped out at the top. JAS fill'n the gap. protect that capital dude. good luck

  • Keep strong brother!!

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