Weekend Update…

Back to the Future we go... date: February 5th, 2010?

I'm going to do 2 video's for this weekend update.  The first one will discuss the bigger picture, including the real news of what's going on, and I'll also revisit the fake prints to try and fix them in the picture.  On the second video I'll cover the technicals, a little Astrology, and then try to forecast where we might go next week.

One of the articles I talk about in the video is "Was Gulf spill an inside job?"  This follows the money trail to show you all the players involved in the oil disaster.  It was done on purpose because "TPTB" were losing there support to get the "Cap and Trade" bill passed.  It was basically a "dead bill", after so much attention was put on Goldman Sachs for a century of corruption, that was exposed by Matt Taibbi's in an article he did called “The Great American Bubble Machine”.

That caused a big stir for Goldman, as their plans to create an bubble with the "Cap and Trade" bill was now exposed.  So how do you get the public to support the bill again?  Stage a disaster that will make them angry enough to allow more regulation in the oil, coal, and other NON-Green technologies... aka, the piece of trash "Cap and Trade" bill.

The other article that gives you more clues that the event was staged, was this article "ILLUMINATI Card Game..BP Oil Spill Was Planned?", in where a man named Steve Jackson puts out a deck of cards on the BP and 911 events before they happened.

Maybe you don't believe these events were staged, and the twin towers actually fell because of planes hitting them... and not the explosives that were planted, which caused them to "blow up", instead of "collapse" from burning jet fuel melting the steal beams.  Hmmm... well it seems that Prime Minister David Cameron knows they were blown up, not collapsed, as told so in this speech he recently gave... "UK PM David Cameron: “9-11 when the twin towers were blown up”"

Here's more evidence that 911 was staged "Who really did 911?".  Another really big "false flag" event is going to be staged to cause the total collapse of the stock market later this year, I do believe... but what will it be?  Will it be World War Three?  I hope not, but the Illuminati inside the Federal Reserve have been trying to get North and South Korea to go to war with each other, as well as Israel and Iran.  I do believe a nuclear war is on their agenda.  I just hope it is stopped from happening, and these gangsters are arrested before they destroy the world.

The stock market is how these people profit from, and get rich from... these staged events.  The fake prints tell us where the market is going too, but not when.  While it is still possible that next week the market collapses, I don't think it will.  They still follow technicals on the charts (to some degree), and the weekly and monthly charts show that this could drag out until fall of this year, before the "death cross" (the moving averages crossing over each other) occurs on them.

Here is the link again from last weeks' "Weekend Update", that shows you that next week is horrible from an Astrology point of view.  As posted by "Phoevos" (thanks again), here is the latest post about this coming week.  Although I do believe that the alignment of the planets, stars, and moon do effect peoples' mood, (which should effect their decision to buy or sell in the market), I don't think it will work this time.

The market is now so heavily controlled by "Skynet" (High Frequency Trading Computer Programs, aka HFT), that the mood of the people is irrelevant as more buying and selling is done by computers now.  The people have too little power to move the market.  In the past they did, but I believe it's changed now, as Skynet runs the game.

Now that doesn't mean I don't see the market as selling off some next week, as I do.  I just don't believe we are going to get "The Big One", as we all thought was going to happen.  I think the 1080-1090 area is likely to be hit this week.  (This is all assuming that the "false flag" event is scheduled for later this year, and not next week).

As for the Bilderberg meeting that was held on June 4th-6th recently, it is now clear to me that they are pumping more money into the market, (as confirmed on Cobra's blog with the Fed Liquidity and Institutional Buying and Selling charts).  This means they were buying while the market was basing around 1040 spx.

The question is, how much did they buy?  The amount makes a difference in determining whether the move up to our current 1120 area is enough profit for them, or are they waiting for a much higher level to be hit before unloading and going short?  Will the 1150 area (the right shoulder) be enough, or will they fake everyone out and put in a new high?

Using some common sense, I think based on the volume at the current level... they aren't selling yet.  Meaning, they must have picked up a large amount of shares around the 1040-1060 area, which will take more time to unload, similar to the April high.  Notice how chopped around in about a 30 point range for several weeks, before plunging with the flash crash.

My point being is... if they are heavily long in the market right now, from the flash crash low, and the 2 lows around 1040, they are going to want a much higher price to unload that many shares.  Think about it like this, the February 5th low never retested, and they managed to push the market up until April.

They have now had 3 similar lows to accumulate long positions, and that tells me that they are planning on stretching this out for several months, putting in a much higher high then the April one.  Keep in mind here folks, that I'm just guessing at what appears to have happened.  I don't know for sure that they are heavily long, but I do think that's the most likely scenario to have occurred.

On this monthly chart you can see that the 200ma is at 1048.77, which we pierced twice this month, but are now back up higher from it.  While I don't have a longer term chart to test, I do believe that it is rare that any time period of a chart hit's its' 200ma, and goes through it on the first hit.  The 200ma is very strong support on all charts, and will almost always provide a good bounce from it.

The exception was of course the nasty "C" wave (or wave 3) from the 2008 fall.  If we were in a "C" wave (or wave 3) down right now, then "yes" we should slice through the 200ma like hot butter.  But, we are in the light volume summer months now, and not even sure if we are in Larger Wave 1 down, of Primary Wave 3 or not?  We could still be in Primary Wave 2 UP?

While the histogram towers are rolling over, and the MACD leveling out now, that doesn't mean we are ready to fall off a cliff yet.  I do believe they are going to extend this out until this fall, before total collapse occurs.  And NO, I'm not Bullish... I haven't defected, I'm still a Bear.  But, the chart's tell me we are going higher to sideways for the next few months.

I'm still very bearish on the economy, but you and I both know that the economy and the market are on two different sides of the same coin.  The economy lives in the real world, and the stock market lives in Fairyland.

Ok, that's more then enough to fry your brain for now.  Bottom line, I think next week will choppy around a lot, but end up going down to form a "B" wave, in a larger ABC (or 5 wave push up?) wave up to DIA 118.16 (which could take months?).  Monday could sell off a little, trap some bears, reverse hard on Tuesday... then fall back the rest of the week.  The 1080 area is key, as a weekly close below that level could set the stage for another sell off.

Red

Author: Red