Not much to add, but tomorrow looks like it's going up in the morning at least, with a possible sell off into the close? I say possible because the gangster have full control of the market right now, and will ignore the overbought short term charts if they want too. I do expect the 60, 30, 15, etc to become overbought by midday tomorrow, which would indicate that they should rollover into the close and end the day lower... but without the necessary volume, and government manipulation, it might not happen? Anyway, here's a video with my thoughts on it...
(watch on youtube: http://www.youtube.com/watch?v=xbXSvE5zZ9g)
The link to David Wilcock is here:
The link to Ben Fulford is here:
Are Flash Crashes Now Becoming The Norm?
(To watch on Youtube: http://www.youtube.com/watch?v=TEGZvj3lQUA)
The G20 meeting this weekend must have spooked the currency market as we had more flash crashes. This post by ZeroHedge shows severals charts of the crashes. So what does all this mean? I wish I knew... but I don't. But if I had to speculate, I'd say a big move is coming next week... and I don't think it's going to be an "upside" move.
While we could still go up, as the gangsters still have the printing press going full steam, the upside is very limit now. All the leader stocks are at nose bleed levels now, and it's hard to push them up any higher without a pullback first. We all know how they rotate from sector to sector, pumping each one to keep the Dow, Spx, etc... from collapsing.
They might keep up until the election, and the dump it hard. However, at some point, gravity will take over and market will sell off hard. All these flash crashes show you how vulnerable the market really is. One surprise false flag event, or some other major default, would crash this market in a heartbeat! So be on your toes, as when she falls... it will be fast and hard.
Looking at the charts, the market is clearly ready to rollover and drop quickly. I think we'll see it happen next week, as smart traders will bail out before the elections. Who wants to hold on any longs when the QE2 is most likely already priced into the market now. That limits the upside, even if it passes as the market expects it too. But what happens if it doesn't pass?
If I were a big time billionaire, and was already long the market from the 1040, (or 1010) lows, I'd be cashing in my chips this coming week, as missing out on a few points higher from more stimulus money is better then losing all my profit if the stimulus money doesn't show up.
While I'm sure most of the billionaires have insider information as to where the market is going after the election, so all you have to do is see what they are doing. Since they are likely the "smart money", and are commonly referred to as the "big institutions", just look at these charts Cobra posted to find out the real truth.
Looking at the first chart, you can see that the institutional selling is at a very low point right now. Notice that the chart looks eerily similar to the last few days of the April high... just before a huge fall? The last few days have also showed a slight move up in the distribution.
This chart should speak loudly to you, as "they" are on the "inside" and know what is coming next. Look at the accumulation levels too... does that look to you like they are buying heavily in anticipation of another big rally up? It doesn't look that way to me, in fact it looks like the amount of buying is lower then the previous run up from the July 1010 low to the August 1130 high.
Remember this people have the inside knowledge, and "if" the market was going to be push up to our DIA 118.16 FP now... those buying levels would be much higher then they are. Our DIA print isn't coming until next year I believe. I see a sell off coming first, and then another ramp job into January-February of 2011.
Reinhardt posted this picture on his site a few days ago, and all though he's not telling you what it means, I have my own ideas to the message it's sending. To me it means that the bottom will be around the date in the Wallstreet sign, and the top will be around the Legatus sign.
It should line up with the charts too, as a big sell off from now to mid-November, followed by a rally into late January could fulfill the downside FP and the upside FP too. After that happens... well, who knows? Either the market will rally up to Dow 38,000 (as Mahendra forecasts) with massive inflation (that will $20.00 for that Big Mac sir, and for only $5.00 more you can add a small fry with that).
Or... the Great Depression Two begins and the market crashes all year long with Dow 2000-3000 being the downside target area. Which one will it be? I don't know, but either one spells disaster for the average person. I can't afford a loaf of bread that cost $10.00 anymore then the effects a crash like that would cause. Can you imagine how many more people lose their jobs and become homeless? Talk about a skyrocketing crime rate!
Both cases are extremely bad, and I wish neither of them would happen. Maybe they won't? I really don't know? But if I were a gangster, I'd crash the market, create massive unemployment, start WW3 and kill off a large percentage of those unemployed. And let's not forget to buy up every asset you can get your hands on, for pennies on the dollar. It's basically just robbery... and you know that's probably what they plan too do. But will they succeed?
What are the charts saying for next week? The short term charts put in a bull flag on Friday, which means a move up should happen on Monday morning. But will it? If it does, I don't think it will go very far, as the weekly put in a reversal candle pattern, and so did the daily chart.
I really can't see this market ending next week up, as it's up against heavy overhead resistance too. I won't say it's impossible, as we bears know all too well how this market can stay overbought longer then anyone ever expected it too. The manipulation in the market is at extremely levels now, and with the election less then 2 weeks away, I wouldn't put anything past the gangsters.
If they really want it higher, they will make it happen. But, I think they are planning for a sell off, as those 2 charts from Cobra's blog show you their really intentions... not what B.S. is being spewed out of their mouths by the bought and paid for media outlets.
With that said, I do believe we will see some selling next week. How much is unknown, but all the flash crashes we've been having lately might be early warnings of what's too come. Just keep on the look out for some false flag event to be blamed on the crash, should it be a "crash"... and not just a correction? It's impossible to know what they have planned of course, but at least a pullback is highly likely next week. Anything more then that is just a gift for the bears.
Good luck everyone...