Friday, June 14, 2024

Weekend Update – US To Default On Debt

Tuesday Update...

Red

_______________________________________________________________________

Monday Update... it's not looking good for the bulls!

Red

_______________________________________________________________________

Before I go over the stock market I'd like to take some time and go over the picture behind the scenes...

Upon reading Benjamin Fulford's latest report, it appears that the Amero dollar is still being pushed forward, and really is going to happen. I honestly don't see any other way to pay down the US debt other then to create a new currency.

In this plan the Amero will be backed by gold, and the current US dollar will be replaced. The ratio will be 2/1, meaning you will get one Amero dollar for every two US dollars you currently have. Will it really happen? I don't know, but a lot of white hat's (good guys) in the Pentagon are trying to make it so.

With all the debt created by the Federal Reverse Gangsters, it's going to be the only way left to save America. But, that doesn't mean we won't be saved from financial collapse, as that's still going to happen regardless of whether or not the new currency is created, or we keep the current one.

According to Fulford, many white hats are slowly and secretly arresting the gangsters one by one. This is being done quietly to avoid the America people rising up and starting a civil war... which the gangster would love as it would allow them to declare marital law, therefore giving them their power back. This is something the white hats are trying to avoid.

Remember, these crooked gangsters want caustic and disasters to happen. They created them on purpose as it gives them power to control us unknowing scared little sheep. The most important thing you can do, is too inform everyone about their plans, and then they can't do them.

So please do spread the word about this by emailing your friends and having them watch video's on youtube about these crooks. The more the sheep (us... as in you and me) become informed, the harder it is for the wolves (gangsters... aka Federal Reverse Illuminati Nazi's, member's of the Bilderberg Group, and those attending the Legatus Pilgrimage), to control and kill us.

You know, I started this blog to write about the stock market. I just never knew how much it was manipulated and controlled by "The Power's That Be" (TPTB). So when I go off subject like this and talk about the gangsters plans, it might not seem related to the market... but it is!

So hopefully you don't think all this stuff is just B.S. as I'm not the one making it up... I'm only reporting it, and spreading the news about it. If you've been brainwashed by the mainstream news all your life, hopefully you are now more aware of the what's really going on in the world we live in.

"The Truth Will Set YOU Free"... so spread it!

_______________________________________________________________________

Moving on to the technicals...

From looking at the clear "option expiration" Friday manipulation, I'd say that Monday isn't likely to go up much further. It's likely to be a "pause" day, or flat... meaning up and down throughout the day, but closing with a spinning top, or "doji" candle.

On Tuesday we could get a down day, followed by an up day on Wednesday? But overall, I just have that feeling that the direction isn't going to be straight down... yet! Meaning, I'm looking for some choppy action next week, to lure in some bulls and shakeout some bears.

With the daily chart curling back up, and the put/call ratio too high for another sell off to happen, the market is likely to have an upside bias next week... especially early on. But by Thursday and Friday, we could see some selling going into a 3-day holiday weekend (Memorial Day).

I'm not sure on that, so we'll have to wait until those days get here... and see what the job's data comes in at. Remember, we still have that FP of 111.17 spy, and the FP of Dow 8300... of which, they will both be hit. There is also the September 9th-20th Legatus Pilgrimage, and we still don't know it we are going into that time period making a low in the market, or a high?


If we rise up to the FP of 111.17 into the meeting, then that would be a high... meaning that they would sell off the market after the gangsters cash their checks (from selling at the top in April, while telling the public to continue buying of course), and funnel the money out the country through the Vatican secret banks so they aren't exposed or tracked.

This move up would also be some sort of wave 2 up, with the following down move being an assortment of wave 3's... depending on how you count the waves? Regardless of the count, the next wave down would be a very powerful move.

Now, the other count is more bearish on the short term as it has us only going up to the 1070-1080 area, making a wave 4 up, with wave 5 down to take out the 1040 area and possibly the 1010 low (although I think it won't take it out on the first hit, but instead bounce back up for a larger wave 2).

Here's something else to think about, according to Fulford, the US is going to default on it's debt by this September 31st (actual quote below):

Despite its fearsome appearance, the massive US saber-rattling is mainly a negotiating tactic aimed at ensuring the best possible deal in the upcoming US bankruptcy proceedings. The US will be forced to default on its international obligations by the time of its September 31st fiscal year end.

Even the cool-aid drinking, brainwashed “journalists” and “economists” who believe the corporate media’s false reality must be suffering from cognitive dissonance at this point. The US government’s fiscal deficit is so huge now that even if all countries that have a trade surplus with the US invest their entire surplus in US government bonds, there will still be an annual shortfall of about $1 trillion. This is being made up by Federal Reserve Board printing presses but that is only a stop-gap measure. Any rational analysis even of the cooked data provided by the US corporate government will reveal the situation to be unsustainable.

Now to me that looks like the Hindenburg Omen coming late this September!  So let's think about this for moment and try to piece together what has already played out, versus what we think is going to play out.  I was assuming, or guessing that we would go down into the Legatus Pilgrimage, and then rally coming out it with Stimulus package number whatever (we all know that they have secretly many stimulus packages into the market that wasn't reported to the public).

Even Reinhardt has purposed the idea that more stimulus is what's likely to happen after the pilgrimage (although he is just speculating just like I am).  But, Bernanke just spoke on Friday and said that the Fed's would inject as much stimulus as needed into the market (errr... economy, but we know he means "the wallstreet gangsters").

Ok, if he's already "let the cat out of the bag"... what can they do to stimulate the market after the Legatus meeting is over with?  Let's assume that we are going up to the FP of 111.17 spy in the next few weeks, and it's based on Bernanke's promise of more stimulus.  What's going to rally the market after that?

Isn't wallstreet known to "buy the rumor, sell the fact"?  Ok, well the rumor is that more money will be injected into the market if needed, and the fact is... it's already being pumped in there right now!  And if we see a move up to the FP of 111.17 spy, then we'll know for sure that the money is already in the market.

Remember the link about George Soro's selling everything he own's in the US market?  Do you really think we are going to make a bottom into the pilgrimage and George is going to buy up all the assets with the Dow at 8300?  Or is it more likely that he sold out in April-June and is waiting for a real bottom to happen before coming back to the US market?

This guy is a Billionaire and can't unload everything in only one day... it takes weeks and maybe months to unload that much stock without crashing the market.  Therefore, logic tells me that he's looking for a lot lower price then Dow 8300 to rob the America public again (err... I mean buy up stocks a heavily discounted prices).

I think he knows that this market is going to fall off a cliff in the next few months, and has moved his money out the country into whatever else is safer?  These guys control the market and know ahead of time what is going to happen.  I'm really leaning toward a move up now... into the September 9th-20th time frame and then a huge wave 3 down to wipe everyone out.

Right now, there are too many bears out there, and I think the only way to kill them off is to take it higher then everyone expects.  Since most people are now expecting the 1070-1080 area to be the target, and then wave 3 of 3 of etc... to begin, let's fool them all and take it up to 111.17 spy.

It makes sense too me, as it will allow the daily chart time to go back into positive territory before rolling over late in September, into a large set of wave 3's down.  I could be totally wrong on this, as most people are now calling for the next leg down to occur next week or the following... but it just seems too predictable, and when it's easy to read "it doesn't happen".

Plus, there is this article by ZeroHedge that states that Goldman Sachs is now publicly bearish and calling for a possible move down to 900 spx.  Well, since Goldman is full of crooked gangsters, I can deduct that the position there are now taking is "Long", as they tell the public the market is crashing.  If they are short term bearish, I want to be short term bullish... because they alway lie!

Remember, they are "the Fox" and we are "the Sheep"!  They are trying to steal your money, so don't believe anything they say... I certainly don't.

Ok, that about enough for this weekend post.  Sometimes I get long-winded and talk too much, so I'll close for now and wish all you bulls and bears good luck next week.

Red

Red
Author: Red

Previous article
Next article

Related Articles

172 COMMENTS

0 0 votes
Article Rating
172 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
steveo77
13 years ago

Gets me nervous when I am in tune with this fractured blimpy market. Just because I am paranoid, does not mean that HBB is not out to get my money.

Joking aside, the main currencies that I am following, the British Pound, aka Cable, and the Euro are sneaking upward, dragging SPX with them. In reality they kind of drag each other, sometimes SPX (or /ES futures) leads. When they diverge greatly, something big is up.

Europe open tonight should be instructive. In keeping with the market maneuvers since the “Great Recession” started, continue to expect significant moves in the market on the weekends, holidays, or nighttime trading. Those are the same times the Black Swan will show up.

We all can use a good spotter at times.

http://oahutrading.blogspot.com/

steveo77
13 years ago

Mutual Fund Money Flows – A Special Treat
Making charts from raw data, how old fashioned!

Charts on the third post down from the top, please stop by and comment
http://oahutrading.blogspot.com/

Here is a special treat for you. I haven't updated this chart since january, note that the data is already a bit old, June 30. Seems like just lately that alot more money has flowed to bonds.

Short and sweet: BONDS ARE A TRAP!

All the HBB financial adviser bullshit about portfolio re balancing, shifting your bond/equity asset allocation, etc, it just that, a bunch of bull. Bonds are a promise to pay, a paper asset.

Read this chart carefully, it's a real winner. Especially if you are holding a bunch of bonds and feeling safe.

Check out this link to an interesting 40 page review of “Retirement Assets”. I think this is important because it represents 35% of all wealth. And that means it's a big target, and HBB want's it. They don't want just to control it, they want IT. I expect this to be the next big battlefield. Financial ogliarchs will craft up legislation that gives them more access to your retirement savings. Here are some ideas—they force a percent of your retirement account into safe bonds “for your own good” further blowing up the bond bubble….they sell off at the top on their own bonds and leave you hanging on to a pile of shit. Or T-bills “Support America” law…works the same as bonds, they use your money to feed a bubble, they sell off at the top, short it in fact, and leave you with a pile of shit. See how that works?

http://www.ici.org/pdf/fm-v19n3.pdf

Charts below are from the ICI report

Here for charts, it's the third post down from top

http://oahutrading.blogspot.com/

Geccko23
Geccko23
13 years ago

I have an intermediate level strenth trading day cycle that came due on Friday. It has basically hit every intermediate turn going back to the March 2009 lows (except Jan 2010) and appeared at the 4day trading range box on May 3 (similar to the one from last week). Friday was also 87 (1987?) trading days from the April 26 high. It was also 66 trading days from the May 25 bottom. Monday is 67 trading days from that May bottom (67 tds being an active cycle). Sept 3 has many angles indicating it will be a low, including it being Cobra's/Peter Pans jobless claims pivot day. I think Sept 2 would be the big down day. It has interesting numerology (9-2-10). Crude Oil and Euro are also off their highs during after hours. Euro has the 10,20,50 averages converging right around this price area. Of course, Sept 3 could be a temporary important low as I see some more action in later Septermber. One also might look at 87 tds from May 6 as a key cycle date.

Geccko23
Geccko23
13 years ago
Reply to  Geccko23

GS has a sick looking chart. It looks like its in a preflash crash meltdown.

C C Rider
C C Rider
13 years ago

Retested broken trendline on SPX. A (c) wave extension would run approx 100 points, putting 925-950 in the target area for wave (e).

http://www.screencast.com/users/texana44/folder

Red Dragon Leo
13 years ago
Reply to  C C Rider

I don't know if a break of the trendline overnight counts though? Plus, it broke that trendline last week, but managed to close above it on Friday.

That's a weekly chart, and we could easily go up first, and then break the trendline on Thursday and Friday economic news reports.

Red Dragon Leo
13 years ago

Did anyone see any FP's over the weekend? I didn't, but I can't what everything. Remember, the first hour before the market opens is when they usually throw them out there.

Red Dragon Leo
13 years ago
Reply to  anoopsan

That's San for you regular updates. We all do appreciate it, just in case you didn't know that. What's your thought's on the TLT (Bonds) on the weekly and daily basis?

anoopsan
13 years ago
Reply to  Red Dragon Leo

I will check it out leo

Sir Woody Hackswell
Sir Woody Hackswell
13 years ago

Financials and SPX going in opposite directions? Strange…

Red Dragon Leo
13 years ago

Since the 60 minute chart is overbought, I'd say we end up going down so today, and up the rest of the week. Of course if the non-farm payroll report is horrible, then we will fall off a cliff when it comes out.

zstock7
13 years ago
Reply to  Red Dragon Leo

My overnight charts, say we got to breakout or breakdown, next 2 or 3 days.

jimhobson
jimhobson
13 years ago

We shorts got trapped on Friday w/ the tag of 1039.

Now they appear to want to take us back up to the 38%fib 1071-1075. So we may have to hold out a bloody week..
gap filled

pezhead9000
13 years ago

Interesting comments here on your blog re: default. Have you looked at pragcap.com? They have a good article on the bond bubble (myth) and why we are not revenue constrained.
R we turning Japanese and can we continue to issue bond after bond – perhaps.

http://pragcap.com/the-myth-of-the-great-bond-b

Red Dragon Leo
13 years ago
Reply to  pezhead9000

Well, I can't say that I fully understand the bond market. And after reading that article… I don't! LOL. But, I do see it (TLT) rolling over on the daily and weekly charts.

There is a nice gap that needs to be filled on it at 102.29, and I suspect it will do so this week.

jimhobson
jimhobson
13 years ago
Reply to  pezhead9000

Interesting article. I also am not sure I understand it very well.

However it does not seem to explain the simple fact that the money that is printed out of thin air by the FED and is earning interest from the taxpayers id not having the effect of devaluing assets and specifically dollars in the long term.

pezhead9000
13 years ago
Reply to  jimhobson

Agree – I think what their saying at pragcap is that if you own your own currency you are not revenue constrained thus you won't default. You may drive down the value of the currency but won't default per se. Also, they belief we have a long way to go before we hit any Zimbabwe scenario.

We are headed to a Japan scenario with yields going down.

shaan kapoor
13 years ago

Anyone's TOS acting up today

Red Dragon Leo
13 years ago
Reply to  shaan kapoor

What do you mean? Mine seems ok?

zstock7
13 years ago

Last day of the month is usually a down day.
I was thinking about going long on CSCO, just now…but if tomorrow is favored to be a down day, what's the point?

Red Dragon Leo
13 years ago
Reply to  zstock7

Yeah, but it's also “Turn-around Tuesday” too… so this might be all the downside we get? Let's see how the close goes first. It's possible to move back to the 105.50 spy level and backtest the downward sloping trendline that we broke out of on Friday.

Red Dragon Leo
13 years ago

FP of 106.90 spy just appeared.

Red Dragon Leo
13 years ago

Maybe that print is just a late fill, as it's about the same level as the open.

zstock7
13 years ago

If anyone was going to go long OSG ( super tankers), this might change your mind.
http://market.zstock7.com/?p=5454

zstock7
13 years ago

100% SHORT, going into the last day of the month. I've been looking for longs, I can't find any.

rodders
rodders
13 years ago
Reply to  zstock7

How about TMV or TBT?

I don't trust this rigged market, I have two shorts and one long as a hedge.

Red Dragon Leo
13 years ago
Reply to  zstock7

I'd be careful on the short side right now Z… there isn't any volume behind this move. I think it's going to be choppy this week, with an upside bias.

Tomorrow could go down in the morning and reverse hard the rest of the day. It depends on how low we go today? There is a falling trendline around 1045-`1050 area that the market will likely bounce off of.

It's the “backtest” line from Fridays' breakout. If it hits it today, then it could bounce back up hard from it tomorrow morning. Or, it could hit it tomorrow morning and bounce the rest of the day… maybe ending about flat, and leaving Wednesday to rally on.

I just don't think we are ready to go back below 1040 yet. That might come this Friday, or next week after the holiday weekend… but I don't see it happening tomorrow.

Anna
13 years ago
Reply to  zstock7

I am with you Zstock 🙂

pezhead9000
13 years ago

what a down channel on the SPY 15min / 5min

steveo77
13 years ago

Red I emailed you a boatload of pix for possible blog header graphics, THANKS!!

steveo77
13 years ago

To me looks perfect for a ramp job into the holiday weekend, and then tank it next Tuesday (or even on Sunday Monday when US markets are closed, so the groggy and hung over retail will panic out.

C C Rider
C C Rider
13 years ago

A drop below 50 tomorrow on consumer confidence will tank this market. Still short, 970 SPX first tgt.

Geccko23
Geccko23
13 years ago

I am disappointed the SP didn't close in the 1030s today. I want to see a monthly reversal tomorrow but that will take 38 pts and we should have a decisive monthly reversal so we would need an even greater pt total. Merger activity probably held the market up today. With one hour to go, the Nasdaq 100 was only down 7 pts. I saw Apple was up. Can't believe GENZ had that much of a weighting unless there was some sympathy carryover into other tech names.

Guest
Guest
13 years ago

There was a print of gold 10 day future today on yahoo finance. I'm not sure it means anything.
Gold Sep 10
(COMEX: GCU10.CMX)
Last Trade: 1,237.10
Trade Time: 4:24PM EDT
Change: Up 1.50 (0.12%)
Prev Settlement: N/A
Open: 1,237.10
Bid: 1,236.30
Ask: 1,236.80
Day's Range: 1,234.00 – 3,401.50

Red Dragon Leo
13 years ago
Reply to  Guest

If you get a screen shot of it, can you post it? Or email it too me. Thanks…

Sir Woody Hackswell
Sir Woody Hackswell
13 years ago
Reply to  Guest

Gold Flash Spike To $3401, Bank Of China Governor Zhou Xiaochuan Is Missing Aug 30,2010

Mini-panic in the Red Dragon. Nothing to worry about. Just keep buying your treasuries and drinking the kool-aid.

Pzy5t0
Pzy5t0
13 years ago

Red, Great videos, but I just don't believe we get nuked anytime soon. Too much money being made selling US citizens cheap products, and besides big brother is having too much fun deploying cameras at each corner to watch our every move! lol
Did you see the latest at Mahendras site. If nothing else, a pretty good list of Alt-Energy stocks to pick from. He is still holding to DOW 38K by 2014, and has not changed his stance. I think some other EW's have this as well in the Grand super cycle? Anyways, I am holding SOLF and still in the GREEN after 400 plus negative Dow points, go figure??? lol
Public PDF at Mahendras site, FWIW
http://www.mahendraprophecy.com/userfiles/files

Robert
13 years ago

As I said on Friday, the bulls would be giddy and they took it in the shorts today. Loved todays action. Won't be buying till first of month………

Red Dragon Leo
13 years ago

Refresh page for Monday update…

pezhead9000
13 years ago

If interested, here is another article on money creation: http://pragcap.com/the-concept-of-vertical-and-

The US government is never revenue constrained. We don’t need China to buy our bonds in order to spend. We also don’t need taxes to spend. The budget deficit is in direct inverse correlation to private sector savings. IE, they’ve debited our accounts. This by no means says that the government can just recklessly spend. But understanding the foundation of the monetary system is a good start for us all since it’s clear it’s misunderstood by most…

Red Dragon Leo
13 years ago

We're going for the triple bottom now… will it hold?

shaan kapoor
13 years ago

Honestly once again, an 8 point ES jump in a matter of minutes. Complete and hardcore buy program manipulation going on. Wasn't even like PMI beat estimates. It still came in below.

Red Dragon Leo
13 years ago
Reply to  shaan kapoor

Yep… more manipulation Shaan. But, I think there were too many shorts in the market, so a squeeze was overdue.

Red Dragon Leo
13 years ago

On my 10:45 am 5 minute candle I just seen a 104.78 FP show up. I just went downstairs to get some coffee and I'm not sure if the market really spiked that low or not? Can anyone else confirm or not if we moved down to 104.78 at 10:45 am?

shaan kapoor
13 years ago
Reply to  Red Dragon Leo

we did not

Red Dragon Leo
13 years ago
Reply to  shaan kapoor

Thanks Shaan… that means is a FP.

Sir Woody Hackswell
Sir Woody Hackswell
13 years ago
Reply to  Red Dragon Leo

I saw it too in ST and shows at 10:28. Emailed you.

Red Dragon Leo
13 years ago

Thanks… I got it.

I'm not sure what to think about it though?

Red Dragon Leo
13 years ago

Michael Douglas is back with a new Wallstreet movie, playing Gordon Gecko again. The first movie was in 1987… remember that year? But the making of the movie was a year prior to the crash.

Hmmm, could that be a signal of another coming crash? Hollywood movies have more truth in them then most people would believe.

http://trailers.apple.com/trailers/fox/wallstre

Akka Kebnekaise
Akka Kebnekaise
13 years ago
Reply to  Red Dragon Leo

Hi Red,

it's even stranger than that, the rabbit hole goes deeper 🙂

This WallStreet movie will be the 3rd movie with this title. BTW, this #3 was ready to be released in 2009 but for some reason was postponed till this September.
The #2 we all know came out right before the 1987 crash.

And the #1 WallStreet? — 1929…

Red Dragon Leo
13 years ago

LOL…

I thought the one in 1987 was the first one. I forget sometimes how long the Illuminati have been playing this game. Of course they would have do one in 1929 too… duh!

Goldman Sachs was around back then too… go figure! I'm sure they had their role to play back then too, just like they do today.

And of course they delayed the new movie this time because?… drumroll please:

The timing was off! We have to crash the market when it benefits the political agenda of the current party the most… which is right before the November elections for the house and senate seats.

Duh… why didn't I think of that before? If I would have, I'd known that the market would rally from the March 2009 low into mid-summer of 2010.

LOL… At least I know now.

Akka Kebnekaise
Akka Kebnekaise
13 years ago
Reply to  Red Dragon Leo

LOL… I don't know how to trade that kind of insight.

you are correct, movie frames are full of staff one can't even come close to register while watching them in motion. Ubiquitous nowadays product placements are the most innocent and obvious of them. The rest are mind boggling and are either a masterpiece of a genius director, like Lynch, or a macabre of sinister forces.

Geccko23
Geccko23
13 years ago
Reply to  Red Dragon Leo

The original release date for Wall Street 2 was April 23, the closing high for the stock market. The excuse used to change the release date was that they wanted to feature it at Cannes Film Festival but strangely it wasn't entered into the competition. It had a premiere on May 14th at Cannes, a couple days from the May 12 post flash crash closing high. (although a slightly higher high was made on May 13). The next release date is September 24 which is why I expect a massive low in the market. I know the script was completed in the Spring of 2007 when Michael Douglas signed on but somehow it incoroporates elements of the 2008 financial crisis in the movie. I would like to know when it was filmed because it seems unusual that this movie would have been greenlighted during the depths of the finacial crisis and economic nadir.

Red Dragon Leo
13 years ago

This market looks sick guys… I'm beginning to think there isn't going to be any rally back up.

Sir Woody Hackswell
Sir Woody Hackswell
13 years ago
Reply to  Red Dragon Leo

We're going back to 104.80, remember? 😉

Red Dragon Leo
13 years ago

Yeah… I'm sure we are. Probably into the close today.

zstock7
13 years ago
Reply to  Red Dragon Leo

SPY 106.2 is probably the intraday high range today.

Red Dragon Leo
13 years ago
Reply to  zstock7

Yeah….

I'm in agreement with you there. It could go up to 106.50, but I doubt if it makes it that high. I'd say that anywhere above 106 is a great shorting opportunity now.

This market just doesn't look ready to rally yet. It's still too weak. We need another flush out first, before it can rally.

zstock7
13 years ago

If I stare at the SPY chart ,out of the corner of my eye, I swear I see an island bottom forming over the last several days. ( bullish)
for some reason, I think this island bottom won't work.

Red Dragon Leo
13 years ago
Reply to  zstock7

I don't think it will hold this time Z…

If we go down again into the close, the 1040 level should break.

zstock7
13 years ago
Reply to  Red Dragon Leo

Hi Red! If you spot a signal that says we go down 250 dow points in one day, I'll believe it!

anoopsan
13 years ago
Red Dragon Leo
13 years ago
Reply to  anoopsan

So how I don't think it will hold this time San.

anoopsan
13 years ago
Reply to  Red Dragon Leo

We may get the answer today itself, If SPY closes above 106 a rally towards 110 will happen

zstock7
13 years ago

9 positions, not one working today. had profits yesterday, got greedy, now I'm paying. I hate that.

zstock7
13 years ago

First day of the month is usually up
…Then there are the exceptions…GYNormous…down 300, for instance.

Red Dragon Leo
13 years ago
Reply to  zstock7

LOL… if it doesn't go up, then it must go down. I understand.

Red Dragon Leo
13 years ago

There is another opx this Friday. I don't know what this one is, but the open interest is heavy on the short side. There could be more manipulation this Friday because of it.

Red Dragon Leo
13 years ago

Looks like we are going to 104.80 today after all. LOL

Sir Woody Hackswell
Sir Woody Hackswell
13 years ago
Reply to  Red Dragon Leo

Just about there now….

Red Dragon Leo
13 years ago
Reply to  anoopsan

We are going to reverse around the 104.80 FP on the spy San, but that doesn't mean we are going to breakout on the upside of course… only that the downside breakout isn't scheduled for today.

anoopsan
13 years ago
Reply to  Red Dragon Leo

Leo the hour range in DJI and SPY will give a clear direction. Today the bottom of the range may get tested. But i am not expecting the support to break that easily.

Sir Woody Hackswell
Sir Woody Hackswell
13 years ago
Reply to  anoopsan

What a beautiful potential H&S forming from Aug25… on both DJI and SPX.

anoopsan
13 years ago

Yes Sir Woody. I too saw that H&S in hour chart of DJI. If 9936 breaks convincingly the pattern will show its effect

Geccko23
Geccko23
13 years ago

Watch out for Sept 14 also. Linkin Park has a new super produced album called 1000 Suns coming out on that date. I remember the fake print for Sept 15 for GS. The Cramer Code could also imply a drop in mid September

Red Dragon Leo
13 years ago
Reply to  Geccko23

Thank's Geccko…

Be sure to email me the full details you have on this subject, if you have time (and more info of course).

Geccko23
Geccko23
13 years ago
Reply to  Red Dragon Leo

Have you heard the Linkin Park song? It's pretty intense. About a broken people living under a loaded gun. something about the ocean and 1000 suns. I need to find the written lyrics somewhere.

Red Dragon Leo
13 years ago
Reply to  Geccko23

The Spiraldates site has the 12th as a big turn date, and the 14th is on a Saturday… so that time period will be very important.

Red Dragon Leo
13 years ago

The FP of 104.80 spy looks to be fulfilled now, as we hit 104.83 before reversing.

Red Dragon Leo
13 years ago

If the market doesn't close positive here, it could easily gap down tomorrow and put in one long red bar.

Sir Woody Hackswell
Sir Woody Hackswell
13 years ago

Noted by a friend of mine:
The Obama administration appears to be proceeding with a novel way of financing trillion-dollar budget deficits by forcing IRA and 401(k) holders to buy Treasury bonds by mandating the placement of government-structured annuities in their investment accounts.
The requirement to invest private retirement assets has been cleverly buried …within plans to create “automatic IRAs” that would mandate employer groups enroll all employees in 401(k) or IRA plans.
The U.S. Department of Labor released yesterday an agenda for an upcoming joint hearing with the Department of the Treasury scheduled for Sept. 14 and 15 on whether government life-time annuity options funded by U.S. Treasury debt should be required for private retirement accounts, including IRAs and 401(k) plans.

http://www.dol.gov/ebsa/newsroom/2010/ebsa08261

Geccko23
Geccko23
13 years ago

Argentina forced its citizens to convert their personal savings into government bonds in the early 2000s. If the US mandates that, then its become a third world basket case.

Sir Woody Hackswell
Sir Woody Hackswell
13 years ago
Reply to  Geccko23

I think I recall that. Forced them into buying govt securities.. and then defaulted on the pensions when they “reformed” the currency. Classic trick!

pezhead9000
13 years ago

I'm from the Gov't and I'm here to take all your money!
http://crashthemachine.wordpress.com/2010/02/15

Sir Woody Hackswell
Sir Woody Hackswell
13 years ago
Reply to  pezhead9000

Ahhh! That article cites Whiskey and Gunpowder! 🙂 I knew it sounded very familiar!!

pezhead9000
13 years ago

ding ding – we have a winner!

Sir Woody Hackswell
Sir Woody Hackswell
13 years ago
Reply to  pezhead9000

I know many people probably hate the stock newsletter teasers from Agora Financial, but their newsletters are very thoughtful, and even have contradictory views within the groups of newsletters. They also usually do good fact checking, and put forth thoughtful ideas that are more based on facts than the mainstream who's drinking the kool-aid!

Disclaimer: I'm a satisfied Capital & Crisis paid subscriber.

pezhead9000
13 years ago

For your company 401k, will this be optional? Will they try to confiscate our 401K savings – can they.

Sir Woody Hackswell
Sir Woody Hackswell
13 years ago
Reply to  pezhead9000

From what I understand, this will be phased in. Phase 1 is making it much easier (optional) to buy Tbills or annuities in your 401k/403b/IRA. This will probably get passed after the next crash, so people will WANT to “protect” their savings. (funny… it's being brought up in sept, just about when cycles say there should be a crash). With annuities, you cannot “lose” money (except due to inflation).
Phase 2, is when the govt starts to run out of buyers for tbills. Another crisis will hit that cannot be funded, and then 401k/403b/IRAs will be forced to buy tbills/annuities.
Somewhere in there, I'm sure there will be a govt mandate to start a 401k/403b/IRA.
If foreigners won't buy treasuries, the govt will milk its own citizens for what little we do have saved.

Red Dragon Leo
13 years ago

They threw a 105.34 spy FP just a little bit ago. It could be our closing level?

Geccko23
Geccko23
13 years ago

Here's the link to a video of the new Linkin Park song, “The Catalyst”:
http://www.youtube.com/watch?u=bftTUAIVMUQ Some nice esoteric and occultic lyrics like “where oceans bleed into the sky” “will we burn in the fires of 1000suns” “going to sleep to the symphonies of blinding light”

Geccko23
Geccko23
13 years ago
Reply to  Geccko23

http://www.youtube.com/watch?v=bftTUAIVMUQ Hopefully this takes you to the song or just type Linkin Park Catalyst in at youtube. Linkin Park has to say the least, an interesting logo. A sun with all sorts of embedded images

Red Dragon Leo
13 years ago
Reply to  Geccko23

I'm sure the band members don't have a clue what symbolism they are promoting. They just think it's cool. There was a movie out about a band that discovered there record company was putting in subliminal messages in their songs and the lead singer of the band found out about it.

It reminded me of the group called “Josie and the Pussycats”, but I don't think that was the real band it happened too… but it could have been?

Anyway, many… if not all bands are used by TPTB to send out messages of sex, hate, violence, etc… Of course the bands never know about it.

Akka Kebnekaise
Akka Kebnekaise
13 years ago
Reply to  Red Dragon Leo

Gecko,
thank you very much for the great song you brought up!
The music is fantastic but I'm not an expert in sounds to analyze it.
The video on the other hand is chuck full of very relevant reference images. The same goes for the text. Red is correct, they might not know what fore-knowledge they are indeed reflecting but reflecting nonetheless. Check their fan page explanation of the song's meaning (http://www.linkinpark.com/forum/topics/what-is-…). Like any explanation it is bland and devoid of life. What they are actually showing and resonating in the video has much more powerful message. So powerful I wouldn't be surprised if they “precog-ged” the actual date.

Geccko23
Geccko23
13 years ago

Thanks for the links. I saw that one of the fans aptly described the official video as an apocalyptic death party. The next single to be released will be “The End of the World”. It looks like they put together a Pink Floyd style concept album. I really liked the Catalyst when I first heard it played but it seems like they are playing a dance remix style version on the local stations now which I don't really like(of course it might have been this version all along). But this does seem to be a departure for LP. Its more mature version with deeper meanings and musical structure. LP was alway more of a saccarine style band. A nice musical style on the surface but lacking anything substantial within. There was an indie station here in SoCal that refused to play Linkin Park because they didn't feel their work was substantial.
And I don't believe they wrote the lyrics or even maybe the music. The lyrics are just too advanced with cryptic meanings and the music has developed texture as well. CD sales have completely fallen through the floor the last few years but this album definitely seems to have some substantial muscle advancing and promoting it.
LP world-premieres the live version of the song on September 12 (a Sunday) at the Mtv Music Awards. So watch anything from September 12 to 14 and thereafter as a possible ritual date extending probably to 24th premiere of Money Never Sleeps.

Geccko23
Geccko23
13 years ago
Reply to  Geccko23

The first two times I got into my car after writing this the same Linkin Park song was playing (an older one)……In the official video, the lead singer Mike,with his face obscured, reminds me of the hooded gnome serial killer from the 1974 movie Don't Look Now, another creepy movie about premonition and precognition, where Donald Sutherland foresees his own death…….Of course, the song “The Catalyst” could be the trigger or catalyst for a major meltdown or it could trigger some reaction from “programmed” ones when it world premieres on Sept 12 or it might mean nothing. Just some fun speculation. There is nothing about a catalyst in the song.

Red Dragon Leo
13 years ago
Reply to  Geccko23

The “Catalyst” that will cause the crash to happen, could be the US defaulting on their international debt, as told by Benjamin Fulford. He has them announcing it before September the 31st, so it could be anytime now… how about the 12th? Sounds good too me.

Geccko23
Geccko23
13 years ago
Reply to  Red Dragon Leo

I just saw the video with the sound on for the first time. So much imagery in that video. One would need to view it 100 times plus to catch all the subliminal images. I noticed the inverted (Star Trek) V embedded in on one of the band members bodies, the anarchy sign, and the Vs that show up in all the movies these days, like V for Vendetta or Watchmen. Also the camera shakes at the end in a shot of Mike in the car and the imploding buildings which is right out of Fight Club another movie notorious for its subliminal images and advocacy of anarchy. There is a scene with a word written backwards which I need to key on plus a multitude of other images including all the flashing lights/sunbursts??.

Sir Woody Hackswell
Sir Woody Hackswell
13 years ago

Looks like a Doji for the day…. :/

pezhead9000
13 years ago

I've heard 'buy fear' – but right now I'm too fearful to buy fear

spot_img

Latest Articles

s2Member®