craigemm

OZ CENTRAL BANK ENGINEERS STUPIDEST RALLY I HAVE EVER SEEN! !!

Short
ASX:XJO   S&P/ASX 200 Index
DEAD CAT BOUNCE NO. 1 ;

CREATED WHOLLY AND SOLELY BY OUR RESERVE BANK'S MORONIC QE free helicopter money for the Markets and consequently bolstering asset prices. I saf FK it, let it Rip. Let the Market decide how healthy it is on its OWN without massive interference WITH THE RBA as a MASSIVE MARKET WIDE Buyer.

... TBH the KILLJOYS have taken ALL THE FUN out of it! They have set effectively a floor under ANY downside moves...so Pitting your Bear Wits against those of the Bulls....well, down thew Memory Hole until they stop buying which they claim to be "open ended" ..?

WTFKNGF? !!!!

Surely the RBA know that unbridled Printing causes far more SERIOUS EXISTENTIAL PROBLEMS in the Real Economy than if poor, inflated, debt funded Asset prices of the upper income bracket percentile were to find the correct

unadulterated natural Equilibrium. No we couldn't possibly ALLOW THAT to happen !

FRRRROOT!!! THIS POLICY will bring about the end of the current World Financial Regime altogether...like I've consistently said ;

this IS the BIG ONE for Our Age.

How very exciting Life, All of a sudden, has become!


My Positions have not changed

Long Physical Au , long COVID DRIVEN DEMAND SPECCYS

SHORT XJO via Puts once this Dead Car is over. I predict Mkt on Wednesday I'll be slamming so more on early in the Session - fairly tight maybe a longer expiry this time...Strikes maybe 5200-4900??? Thoughts opinions, drivel...all welcome.

Happy Easter ALL and God Bless.

Always DYOR.

Comments

There was one reason to buy this rally... it could be anticipated. The 1929 crash had a 50% retrace rally, which is exactly what we've seen so far on the S&P 500. There is no reason to be long beyond this point however. We could go higher due to the Fed manipulations, but the downside risk is extreme.

I agree this is THE bear market of our life and it will fundamentally alter how we view debt, money, and everything else in the financial world. Those that have been trained to "buy the dip" for a generation (just reinforced with this latest rally), will discover a new paradigm where bottoms fail and buying dips will bankrupt you. Eventually the market will go "up" Zimbabwe style as the currency dies in a hyperinflation, but that isn't likely to happen until after the lessons of deflation are learned.
+5 Reply
craigemm MystryBox
@MystryBox,

...as usual Mystery points out that which is so obscure, stuck back in History, that I did not consider..!

...and as usual Mystery you are 100% correct !!

: )
+1 Reply
bsh3p MystryBox
@MystryBox, Is it just me or did the ASX just hit the 50% retrace today?
Reply
@bsh3p,

haha!

HOOORAYYYY YES IT DID !!!!!

I expect it will attempt to push higher 2 or 3 times .... fail and head Sth.

It also hit what was the long term channel support which has now turned to RESISTANCE....

..time to get those PUTS IN..!??

LONGER DATED THIS TIME :

June 20, July 23 are some I have in @ a 5500 & 5450 strike.

I think that will be long enough for the next LEG DOWN which will be of a LARGER Magnitude?

IT may also take longer than the previous SPECTACULAR drawdown...?

What are your thoughts @Mysterybox @Fractal777 @mnovo @liberatedstocktrader @The_Unwind

I'd really appreciate what you guys have to say about where we are at right now???

CHEERS GUYS.

xxCM
Reply
Excellent....Short squeeze is done now. Big surprise coming very soon...remember, these parasitic governments do NOT care about the markets going to the floor, it's a cause and effect of what they are really hiding from us. Pensions, deposit accounts, funds of any sort will be locked....markets will be closed at some point. Most are focused on Covid, however others are thinking it's a vaccines/5G/digital world coming soon....they have had may years to prepare and perfect this situation. By the time we learn the ultimate truth or reality, the net will go down. Later this year I expect all world governments to be sacked but no criminal proceedings and a new order. They are all following a directive with legal immunity.

Physical gold and silver are difficult to obtain, I have spent the past year explaining the coming situation and few acted.
Yesterday I was lucky to purchase at spot price my probable final Australian nugget 16 grams.
Bitcoin was suggested to me in March 2009 and the rest is history...I do not trust this form.

Any excess funds should now be transferred into proper certificate shares of the gold and silver miners as insurance....out of the banks.
Do not purchase ETF's or anything CFD..etc.

Finally...if I told you a month ago of where we would sit now, you would laugh and ridicule.
If I told you what is coming very soon, you would not believe.
So, prepare with six months of food and water before panic mark II shows it's hand.
God bless.
+2 Reply
craigemm Fractal777
@Fractal777,

God bless you to Fractal.

CM
Reply
craigemm Fractal777
@Fractal777,

OOOOOOooooooo that is so so

NAZTY!

fuk Me Jesus!
Reply
aimzee Fractal777
@Fractal777 @Fractal777 can you explain why golds chart looks bearish? I agree with the crash that’s about to happen but I’m not sure how to profit from it and protect myself.
Reply
@aimzee, Your eyes say bearish but I see bullish friend. Precious metals are rising in wave 3 up...see minimum target of $1940.
My advice is get some physical if you can, if not, then get into gold and silver miners via a share broker who issues certificates in your country.
Avoid ETF or CFD type instruments for long term. Banks will collapse.
+1 Reply
whats your thoughts now craig? confirms your idea lol.. i hope it shorts bigtime, whats your call on the bottom if you did for the LOLs
+1 Reply
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