Molycorp's (MCP) Intra Day Volume Patterns Look Bullish

Molycorp's (MCP, http://stockcharts.com/charts/gallery.html?s=mcp) Intra Day Volume Patterns Look Bullish, see http://finance.yahoo.com/q/ta?t=5d&l=off&z=l&q=c&p=v&a=ss&c=&s=mcp. There was a major volume spike as MCP peaked at 40.90, but, there was an even larger volume spike as MCP bottomed at 32.01 (during the second half of Thursday 10-28's session, MCP crashed to 32.20), and, volume was relatively light as MCP rebounded on Friday 10-29-10.

That being said, there's a good chance that Friday's rebound for MCP and REE is a counter trend Wave B move (see Rare Element Resources (REE) Elliott Wave http://goo.gl/fb/XzaA6), of the Monthly Downcycle since hitting 40.90 for MCP and 14 for REE. MCP might make a run at the downside gap at 28.25. I suspect that REE will at least fill the 10.11 downside gap, and, might (probably won't) make a run at downside gaps at 7.65, 6.70, 5.83, 5.03, 4.55, 4.44, 3.77, 2.80, etc.

REE's (Rare Element Resources, http://stockcharts.com/charts/gallery.html?s=ree) intra day volume patterns probably aren't as bullish as MCP's, but, are probably bullish, see http://finance.yahoo.com/q/ta?t=5d&l=off&z=l&q=c&p=v&a=ss&c=&s=ree.

ETF Data Daily: UUP Gathers $58 Million

ETF Data Daily: UUP Gathers $58 Million IndexUniverse.com

Pros and Cons of Closed-End Funds at The Wall Street Journal

Pros and Cons of Closed-End Funds at The Wall Street Journal

"Harry Reid Sucks and tried to steal the election by rigging machines"

Comment from "Paul" on Yahoo News

"Harry Reid Sucks and tried to steal the election by rigging machines. All the Dems are Bad News. Schumer is a Greedy and Corrupt Scoundrel that does Nothing for NY and he supports the building of the 15 Story Mega-Mosque at Ground Zeo too. Voting for Schumer is like Shooting yourself in the foot. Obamas Policies are a Disaster and Zero is a Compulsive Liar and Pathological Narcissist. Obama, Pelosi and Reid are a Gang of Corrupt Liars that have been Drunk with Power for too long now. Notice how the Dems do Not run on their 'Victories' of Obamacare, Stimulus, Financial Takeover bill and Bailouts that went against the will of 70% of We The People. Obama should go back to his Kenyan Birthplace so America can Recover from his Corrupt Incompetent 'leadership'. Doomsday must be coming with Obama/Pelosi and Reid in charge.

In an AP article they stated how Now a Higher Unemployment rate is Good!!!! LOL!!! Democrats can only sling Mud, Doublespeak and Negativity now because they Failed Big Time. The Democrats have been Controlling the Senate and House since the end of 2006. We Need to have Term Limits and Real Leaders. Obama is a Corrupt, Lying Fraud and total Failure. As a Life-long Democrat I have to say that Zero and the Entire Democratic leadership in Congress is Awful and needs to be Removed. Some of the Republicans are Corrupt Liars also and should be Removed too. Be Careful who You vote for this November and think of 3rd Parties and Trustworthy Republicans to Stop the Obama/Pelosi/Reid Socialist/Islamic agenda.

January 3rd, 2007 was the day the Democrats took over the Senate and the Congress. At that time:
DOW Jones closed at 12,621.77
GDP for the previous quarter was 3.5%
Unemployment rate was 4.6%
The 2007 Annual Budget deficit was $161.5 Billion dollars.
Bush's Economic policies SET A RECORD of 52 STRAIGHT MONTHS of JOB CREATION!
ON THAT DAY, JANUARY 3RD 2007:
Barney Frank took over the House Financial Services Committee.
Chris Dodd took over the Senate Banking Committee.
The economic meltdown that happened 15 months later was in what part of the economy?
BANKING AND FINANCIAL SERVICES!!!
The Current Annual Budget deficit is $1.5 Trillion Dollars.
THANK YOU DEMOCRATS for taking us from 13,000 DOW, 3.5 GDP and 4.6% Unemployment... to this CRISIS by (among MANY other things) dumping 5-6 TRILLION Dollars of toxic loans on the economy from YOUR Fannie Mae and Freddie Mac ! (BTW: Bush asked Congress 17 TIMES to stop Fannie & Freddie - starting in 2001 because it was Financially risky for the US economy):
And who took the THIRD highest pay-off from Fannie Mae AND Freddie Mac???? OBAMA !
And who fought against reform of Fannie and Freddie??? OBAMA."

The Origins of Good Ideas - WSJ.com

The Origins of Good Ideas - WSJ.com

Why Buy Bonds With a Negative Yield? at Seeking Alpha

Why Buy Bonds With a Negative Yield? at Seeking Alpha

Rare Element Resources (REE) Elliott Wave

Rare Element Resources (REE) Elliott Wave: REE put in a Monthly Cycle High at 14 yesterday 10-28-10 versus an early October 7.02 Monthly Cycle Low, see http://stockcharts.com/charts/gallery.html?s=ree.

Wave A Down of REE's Monthly Downcycle bottomed just after today's open at 10.31, see http://finance.yahoo.com/q/ta?t=5d&l=on&z=l&q=c&p=v&a=ss&c=&s=ree. Note that Wave A Down did the usual inverse Elliott Wave 12345 down up down up down pattern.

The anemic counter trend Wave B Up of REE's Monthly Downcycle probably peaked late today 10-29-10 at 11.69, see http://finance.yahoo.com/q/ta?t=5d&l=on&z=l&q=c&p=v&a=ss&c=&s=ree. Waves 1 and 3 of the counter trend Wave B Up move occurred very early on, as REE filled the 11.30 upside gap/magnet from the open.

A likely scenario as to when the final Wave C of REE's Monthly Downcycle will bottom is shortly after filling the 10.11 downside gap/magnet, since the next downside gap/magnet isn't until 7.65 (more at 6.70, 5.83, 5.03, 4.55, 4.44, 3.77, 2.80, 2.54, 2.22, 2.03, 1.96, 1.80, there are probably more downside gaps below 1.80).

Obviously, REE is so volatile right now that one can't rule out that the 7.65 downside gap/magnet and possibly others get filled in this Monthly Downcycle (since peaking at 14 yesterday 10-28-10), but, the distance between the 10.11 gap/magnet and 7.65 is large enough, and, REE already experienced a huge decline in Wave A (from 14 to 10.31), that a Monthly Cycle Low target of 9 to 10, possibly being hit on Monday (seems likely), seems logical and reasonable.

The target range must be wide, because, REE is so volatile now. I'll be looking to day trade REE (and maybe MCP) on Monday, if I'm convinced that a Monthly Cycle Low has occurred. Hopefully, a major volume spike will occur as REE bottoms, to confirm the Monthly Cycle Low. Ciao

Molycorp Rebounds, But JP Morgan Says Hold - at Barrons.com

Molycorp Rebounds, But JP Morgan Says Hold - at Barrons.com

REMX: New ETF Is More Than Just Rare Earths

REMX: New ETF Is More Than Just Rare EarthsSeeking Alpha

Rarer still is your interest in Molycorp

Rarer still is your interest in Molycorpat Fortune

Insane Fed should beware of unquantifiable outcomes: Mark Gilbert

Insane Fed should beware of unquantifiable outcomes: Mark Gilbert Bloomberg

Who's gained and lost under Obama, so far USNews

Who's gained and lost under Obama, so far US News

Kaminsky's Call: 5 Stocks Represent 27 Percent of the S&P Performance

Kaminsky's Call: 5 Stocks Represent 27 Percent of the S&P Performance - at CNBC

Gross, Grantham blast Fed's asset buying

Gross, Grantham blast Fed's asset buying- Reuters

Federal Reserve 'Terrified' of Deflation: El-Erian

Federal Reserve 'Terrified' of Deflation: El-Erian at CNBC

A European Lynch Mob Is Coming For Bank of America

A European Lynch Mob Is Coming For Bank of America at Forbes

RSP’s Returns Double SPY’s, ConvergEx Says

RSP’s Returns Double SPY’s, ConvergEx Says IndexUniverse.com

Bullish US Treasury futures bets grow in week-CFTC at Reuters

Bullish US Treasury futures bets grow in week-CFTC at Reuters

Raising Sails for the Fed’s Gales at New York Times

Raising Sails for the Fed’s Gales at New York Times

The Long Candlestick: A Strong Reversal Signal

The Long Candlestick: A Strong Reversal Signal at Minyanville

Equity Put/Call Ratio's Large Spike Recently Jives With Important Peaking Action

CBOE Options Equity Put/Call Ratio's Large Spike Recently Jives With Important Peaking Action, see http://stockcharts.com/charts/gallery.html?s=$cpce.

SPX (S & P 500, http://bit.ly/i0nsT)

Tab for Fannie, Freddie could soar to $363B AP

Tab for Fannie, Freddie could soar to $363B AP

iDepression 2.0 at Zero Hedge

iDepression 2.0 at Zero Hedge, see http://www.zerohedge.com/article/guest-post-idepression-20.

Here's the Fed's "Beige Book," LOL

Here's the Fed's Beige Book, LOL, see http://www.federalreserve.gov/fomc/beigebook/2010/20101020/default.htm.

Read it carefully and it's obvious that things aren't really improving, and, if it is, it's probably mostly due to sharply rising government and healthcare spending, special financing from retailers, auto dealers, freeloaders in "foreclosed" homes, etc.

"Input costs, most notably for agricultural commodities and industrial metals, rose further. Shipping rates increased, and retailers in some Districts noted rising wholesale prices. However, prices of final goods and services were mostly stable as higher input costs were not passed on to consumers. Wage pressures were minimal."

Chinese City Has Many Buildings, but Few People

Chinese City Has Many Buildings, but Few People NY Times

The next big government disaster, China.

The Jamestown Massacre occurred in the Virginia Colony

"The Jamestown Massacre occurred in the Virginia Colony on Good Friday, March 22, 1622. About 347 people, or almost one-third of the English population of Jamestown, were killed by a coordinated series of surprise attacks of the Powhatan Confederacy under Chief Opechancanough.

Jamestown was the site of the first successful English settlement in North America in 1607, and was the capital of the Colony of Virginia. Although Jamestown itself was spared due to a timely last-minute warning, many smaller settlements had been established along the James River both upstream and downstream from it and on both sides. The attackers killed men, women, and children, and burned homes and crops.

I can’t imagine why they might want to get rid of the indians in the area (rolling eyes)....

Stop buying the PC crap... The indians by and large were violent savages."

From http://www.freerepublic.com/focus/f-news/1898843/posts.

Why the BofA Put-Back Demand Has Wall Street Freaking Out

Why the BofA Put-Back Demand Has Wall Street Freaking Out at CNBC

Fed Wants Banks to Buy Back Some Bad Mortgages

Fed Wants Banks to Buy Back Some Bad Mortgages at New York Times

Pimco, New York Fed said to seek BofA repurchase of mortgages- Bloomberg

Pimco, New York Fed said to seek BofA repurchase of mortgages- Bloomberg

N.Y. Fed Part of Consortium Suing BofA Over Mortgage Securities

N.Y. Fed Part of Consortium Suing BofA Over Mortgage Securities at The Wall Street Journal

Foreclosure Fortune Buys Bugatti, Yacht, Mansions for Attorney

Foreclosure Fortune Buys Bugatti, Yacht, Mansions for Attorney at Bloomberg

Mortgage Securities Show U.S. Foreclosure Crisis Overblown: Credit Markets

Mortgage Securities Show U.S. Foreclosure Crisis Overblown: Credit Marketsat Bloomberg

Wal-Mart’s $5 Billion of Bonds Jump in First Day of Trading at Bloomberg

Wal-Mart’s $5 Billion of Bonds Jump in First Day of Trading at Bloomberg

Bonds, Junk Bonds: A Casino Royale? at Seeking Alpha

Bonds, Junk Bonds: A Casino Royale? at Seeking Alpha

China raises key rate for 1st time since crisis

China raises key rate for 1st time since crisis

Fed's Lockhart eyes easing of $100 bln a month at Reuters

Fed's Lockhart eyes easing of $100 bln a month at Reuters

Fed may target easing until 10-year yields hit 2%

Fed may target easing until 10-year yields hit 2%at The Wall Street Journal

Trades 'Busted' After S&P 500 ETF Drops 9.6% at Barrons.com

Trades 'Busted' After S&P 500 ETF Drops 9.6% at Barrons.com

Mexican authorities seize 105 tons of U.S.-bound marijuana

Mexican authorities seize 105 tons of U.S.-bound marijuana

Apple 4Q net income soars 70 pct; iPad falls short- AP

Apple 4Q net income soars 70 pct; iPad falls short- AP

Free Money, Investment, and Employment

Free Money, Investment, and Employment at Minyanville

Mortgage Buybacks May Cost Lenders as Much as $120 Billion, JPMorgan Says

Mortgage Buybacks May Cost Lenders as Much as $120 Billion, JPMorgan Says at Bloomberg

China's holdings of Treasury debt rises in August

China's holdings of Treasury debt rises in August

Fed buys $6.26 bln in bonds; Treasurys stay up

Fed buys $6.26 bln in bonds; Treasurys stay up at MarketWatch

5 things you should know about the foreclosure moratorium

5 things you should know about the foreclosure moratorium- US News

Japan, Once Dynamic, Is Disheartened by Decline

Japan, Once Dynamic, Is Disheartened by Decline

Poor demographics, a huge amount of debt, and, a secular economic downcycle all plague Japan. The USA, much of Europe, and China (doesn't have the debt issue) aren't much better.

Mini-Armagedon in Bank Shares

Mini-Armagedon in Bank Shares at Forbes

Madoff's Palm Beach Estate Sold by US Marshals

Madoff's Palm Beach Estate Sold by US Marshals at CNBC

Bank of America Sued by Chicago Home Loan Bank Over Subprime Mortgages

Bank of America Sued by Chicago Home Loan Bank Over Subprime Mortgages at Bloomberg

Fed buys $4.69 billion in debt; Treasurys stay up

Fed buys $4.69 billion in debt; Treasurys stay up at MarketWatch

Going Long GM, Before It Goes Public

Going Long GM, Before It Goes Public at Forbes

Foreclosure Crisis Slams Into Banks

Foreclosure Crisis Slams Into Banks at The Wall Street Journal

ObamaCare Lawsuit Can Go To Trial

ObamaCare Lawsuit Can Go To Trial, see http://www.azcentral.com/12news/news/articles/2010/10/15/20101015Health-care-reform-lawsuit-trail.html.

So you bought a foreclosed home. Now what?

So you bought a foreclosed home. Now what?

Mortgage Mess May Cost Big Banks Billions

Mortgage Mess May Cost Big Banks Billions - NY Times

#Gold's Probably Close to a Major Cycle High

#Gold's Probably Close to a Major Cycle High, for the Major Upcycle/Cyclical Bull Market since October 2008's $681 Major Cycle Low, see the second Weekly View chart at http://stockcharts.com/charts/gallery.html?s=$gold, and, note the Elliott Wave 12345 up down up down up pattern since October 2008's $681 Major Cycle Low.

Fundamentally, a gold Major Cycle High makes sense, because, the inflating game (and the effectiveness of further actions) by the powers that be is pretty much over. Any additional stimulus, debt buying/Quantitative Easing, etc won't inflate much if at all, because, it has to exceed the previous stimulus and debt buying in order to create growth.

For example, $100 billion of stimulus in year one must be followed by $200 billion in year two, $300 billion in year three, etc in order to provide an annual $100 billion delta/change worth of growth in stimulus.

It was (some of) the Indians who were Brutal, not Christopher #Columbus

It was (some of, most Native Americans are good people like any other race/group) the Indians who were brutal, not Christopher #Columbus. The 1st Caribbean natives #Columbus encountered were cannibals! http://www.spiritdaily.org/columbus.htm.

#Moctezuma: When one civilisation deserves its bloody nose from another

#Moctezuma: When one civilisation deserves its bloody nose from another, see http://bit.ly/3VTOel .

"In Defense of Christopher #Columbus the #Catholic"

"In Defense of Christopher #Columbus the #Catholic," See http://bit.ly/9KPnj1.

"The Truth About Christopher #Columbus"

"The Truth About Christopher Columbus," see http://www.foxnews.com/opinion/2010/10/11/tommy-seno-columbus-day-francisco-bobadilla-native-americans-howard-zinn-noam/.

More re Columbus:

Christian Character and Divine Mission" See http://www.shalomjerusalem.com/heritage/heritage2.html.

Previous to the arrival of Columbus the Caribs had driven the Arawaks steadily… http://goo.gl/fb/zdA5j.

Columbus freed some of the women on the island now known as Guadeloupe http://goo.gl/fb/BLiFx.

"Aztec killings large scale & would reach 1000s on a single day, as failure to influence the gods became a frenzy of slaughter."

DINESH D'SOUZA: Cannibalism was prevalent among the Aztecs, Guarani, Iroquois, Caribs, and several other tribes.

1487 aztec temple of Huitzilopochtli, god of war and of the sun. At the ceremony 20,000 human beings were sacrificed.

Obviously, there was mass #genocide, including cannibalism, AMONG #NativeAmericans, even well before Columbus.

There was plenty of slavery as well as cannibalism and human sacrifice in new world pre #Columbus who brought #Christianity.

#Columbus freed some of the women on the island now known as Guadeloupe

"Columbus freed some of the women on the island now known as Guadeloupe."

On the second voyage, Columbus and
his medical expert, a Dr. Diego Alvarez Chanca, came upon human
bones in villages and other indications of human sacrifice and
cannibalism. The Caribs also routinely raided neighboring Arawak
tribes for concubines. In fact, Columbus freed some of the women
on the island now known as Guadeloupe and returned them to their
villages during the second voyage. There were so many of these
captive Arawak women in Carib villages that all the women seem to
have spoken Arawak (Carib and Taino women alike), while Carib was
a tongue reserved for the men. Columbus and Chanca also met up
with captive boys who had apparently been gelded in order to
fatten them up for eating. One of the best recent studies of
Columbus has concluded, "To deny that cannibalism existed, one
needs to assume that a wide range of European commentators simply
made up the stories, an interpretation that defies reason, logic,
and the available evidence."

See http://www.libertyparkusafd.org/lp/Columbus/primers/Columbus%20on%20Trial%20-%20%201492%20v.%201992.htm.

Previous to the arrival of Columbus the Caribs had driven the Arawaks steadily north

"Previous to the arrival of Columbus the Caribs had driven the Arawaks steadily north, depopulated some of the smaller islands, and were sorely pressing the people of Hispaniola, parts of Cuba, Porto Rico, and even Jamaica."

Christopher Columbus, see http://www.newadvent.org/cathen/04140a.htm.

French strikes disrupt life, shut Eiffel Tower

French strikes disrupt life, shut Eiffel Tower

Fed Minutes: Debt purchases dominate Sept. meeting

Fed Minutes: Debt purchases dominate Sept. meeting

Rare Double Play in Precious Elements

Rare Double Play in Precious Elementsat Seeking Alpha

Topeka Journal: Where Free Speech Is Less an Idea Than an Experience

Topeka Journal: Where Free Speech Is Less an Idea Than an Experience NY Times

Spain’s Socialists and Unions Struggle to Adapt

Spain’s Socialists and Unions Struggle to Adapt NY Times

Google works on driverless cars

Google works on driverless cars at bizjournals.com

Waddell not the culprit for May U.S. stocks flash crash- Nanex

Waddell not the culprit for May U.S. stocks flash crash- Nanex at Reuters

G.M.’s wage-cutting deal clears way for a small car

G.M.’s wage-cutting deal clears way for a small car NY Times

Why GM hasn't built small cars (been competitive) is because of unions.

The Bearish Weekly Fed Credit Trend Continues 10-6-10

The Bearish Weekly Fed Credit Trend Continues 10-6-10, Weekly Fed Credit = -$3.119 Billion on 10-6-10 (http://www.federalreserve.gov/releases/h41/Current/), +$1.154 Billion on 9-29-10, -$2.768 Billion on 9-22-10, +$2.676 Billion on 9-15-10, -$73 Million on 9-8-10, -$7.462 Billion on 9-1-10, -$8.361 Billion on 8-25-10, -$6.482 Billion on 8-18-10, -$142 Million on 8-11-10, -$3.240 Billion on 8-4-10, -$3.357 Billion on 7-28-10, -$215 Million on 7-21-10, +$1.333 Billion on 7-14-10, -$1.655 Billion on 7-7-10, -$11.887 Billion on 6-30-10, +$6.310 Billion on 6-23-10, +$8.251 Billion on 6-16-10, -$6.168 Billion on 6-9-10, -$3.999 Billion on 6-2-10, -$15.319 Billion on 5-26-10.

Ireland: Europe's biggest basket case

Ireland: Europe's biggest basket case Daniel Gross, Yahoo! Finance

More companies get waivers on new health care law

More companies get waivers on new health care law - NY Times

The Interstate Notarization Bill That Will Bail Banks Out Of Foreclosure Gate

The Interstate Notarization Bill That Will Bail Banks Out Of Foreclosure Gate at CNBC

Pimco Slashes Gold Exposure 70% at CNBC

Pimco Slashes Gold Exposure 70% at CNBC

Gold's due for a major correction to roughly $900 to $950.