Friday, June 14, 2024

Weekend Update – Revisiting The Fake Prints

My thoughts on Wikileaks...

Red

_____________________________________________________________________________________

Monday Update...

(to watch on youtube: http://www.youtube.com/watch?v=EA2LZC0ViEc)

Red

_____________________________________________________________________________________

Hope everyone had a good Thanksgiving here in America.  For those outside of America, it was just another day... and to be honest, that's all is was for me too.  I guess I'm just not much of a "holiday" person (hence the reason I never seems to know what date it is... LOL).

As for the markets, I think we could get a little shocker before the Santa Claus Rally happens.  Next week looks bearish to me, with Wednesday and Thursday being the only possible bullish dates.   I say that mainly because the large amount of POMO being injected into the market on those dates.  But that still doesn't mean a huge rally taking out the 1200 spx level.

Taking out that level will really be determined on how far down we go first.  If we only sell off a small about, to like 1150 area or so, then the rally to follow will surely take out that resistance level.  If we go down to the 1130 level, then the ride back up to 1200 might not happen until the last week or so of this year.

(to watch on youtube: http://www.youtube.com/watch?v=DekC-uBC5Jw)

But, if we take out 1130, then the 1200 might not be seen for a long time to come.  The key is to figure out if the high is already in, which would mean we are starting a wave 3 down inside Primary wave 3... or if this is only a wave 4 down with 5 up yet to come, taking us up to the DIA 118.16 FP to complete Primary wave 2.

I think it's only a wave 4 down, with one more move up to follow.  But, that December 7th date is very close now, and North and South Korea could start a war at again time.  Some false flag event staged by the Fed's could still be out there waiting to happen?  It could be done to bring the US into the war in Korea?

Just don't close your eyes on this conflict between the two of them, as I'm sure our Illuminati gangsters had something to do with starting it.  What is unknown right now, but it will eventually come out.  Back to the December 7th date... it's the date shown in the this FP of the Wilshire chart, which still makes me wonder about the reasoning behind it?

(to watch on youtube: http://www.youtube.com/watch?v=tm6CeNHyy9g)

All of the other FP's show the print on the date that it was taken, not 3-4 months prior to it.  That's what puzzles me?  While I can't imagine the gangsters crashing the market in December, during the holiday season, it would certainly surprise the most amount of people if they did.

Everyone is now expecting a 5th wave up into early January/February of the next year, so a continued move down would catch all the bulls and bears by total surprise.  While I don't think it's going to happen, I will be following the charts closely and only going long for the Santa Rally after that date has clearly past.

I think the DIA FP is our final upside target and it will be hit early next year.  The Wilshire FP is still valid and will likely be our downside target, but right now I'm not thinking that it's going to be hit on December 7th, or even start to crash on that date from another Pearl Harbor false flag event.

However, it's still odd how the print shows up 3-4 months prior, while none of my other print show up like that.  It's in a league by itself, but the reason is still unknown?  Maybe it's for 2011, and not 2010?  Or maybe it means nothing?  Regardless, it's worth noting again as the date grows close now.

Plus all that tension over there in Korea could be something that would be involved in a crash around that date?  I don't believe it will happen, as I think we are simply going to have a correction down to 1150, 1130, or even as low as 1060... the FP level from awhile back... not a crash.

What fun here is that I'm actually "not" calling for a crash this time.  How usual is that for me?  Now wouldn't it be crazy if it did happen?  Nah... it's not going to.  But, I'll be short around that period... just in case. 🙂

For the short term, Monday looks like it's ready to sell off some, followed by more selling on Tuesday.  While the 60 minute chart is pointing down into Monday, the 15 is pointing up.  So, the surprise move would be to gap it up to squeeze all the bears that went short on Friday.  Then to reverse the rest of the day and close negative, with "Turnaround Tuesday" not working and a continued downward move following until Wednesday saves the day with new POMO money.

However, keep in mind that the POMO money has had a lot less effect now on the market, as compared to weeks and months back.  It seems to only pop the market higher briefly and not be able to go as high or sustain as long.  This will continue until a nice correction happens I believe.

After a decent pullback, the traders will feel more comfortable about going long (with the added POMO money), as opposed to "selling into" the POMO rallies as they seem to be doing right now.  We can also see that the dollar is rallying hard right now, and seems to be in a wave 3 (or B) up, and will add more pressure to the downside on the market.

The mass media puppets are all taking about shorting the dollar right now, which another reason I believe it's going higher.  Remember, they are all paid liars... so do the opposite and you'll be far better off in the long run.

Despite all the money printing that Bernanke is doing, the dollar still rallies!  LOL!  Of course in the long run the dollar is doomed, but for now it's great to see it rally against the gangsters wishes.

The non-farm payroll report is also coming up soon, and has been a significant turn date in the past.  So, we will have to watch closely to see if we are going down or up into that date.  Many times it has been the bottom of a down move, which could happen this time too?

It would allow the market to still have the Santa Rally the remainder of the year, and that's what I'm really expecting to happen this time around.  Overall, we just have too keep our positions small... just in case some unknown false flag event does happen around that December 7th date?  Better to be safe then sorry I say.

Again, I don't think anything will happen, as I see us moving up to the DIA FP first, and then crashing down... but anything is possible, and not expecting something to happen, is exactly when they will do it!  Every prediction for a "false flag" has been wrong, or if not wrong... the "event" was stopped (as in the fired ICBM missile off the coast of California).  That tells me that we might only be able to figure out the date of the event, after it happens.

Those gangsters have been playing this game for decades now, and they know how to fool us sheep quite well.  If someone actually does figure out their plans, he/she might not be able to inform the public, and us sheep will still be eaten by the wolves.

Red

P.S.  Here's a link that has Ben Fulford's latest reports...

http://www.galacticfriends.com/updates/nesara-canada.html

Red
Author: Red

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Anonymous
Anonymous
13 years ago

Well the show may start soon, since “Wikileaks” has dumped over the weekend 250,000 new secret documents from past three years .
Check some articles about it here:
http://article.wn.com/view/2010/11/28/Pak_US_in_worrying_standoff_over_nuclear_fuel_WikiLeaks/
Or read about the Wikileaks here :
http://cablegate.wikileaks.org/ and here http://wikileaks.org/
I am curious what stir will that cause and how sensitive the info is….

Red Dragon Leo
13 years ago
Reply to  Anonymous

Yes, the sheep are waking up and exposing the truth to the other sheep. The internet is the only freedom of speech left in the world. Of course O’bomb-us has a kill switch, but the awakening can’t be stopped now.

I believe that the prophecy of 2012 is all about the “end of the old” (aka… the enslavement of man by the Illuminati and their Reptilian masters), and the beginning of a new age of freedom for everyone.

Anonymous
Anonymous
13 years ago
Reply to  z stocktiger

yes, I saw that, for sure it is getting a lot of attention…
the info leaked according with NY Times is much ” ado about nothing” but I think it is important because it shows either the “white hats” start working harder, or the “black hats” are throwing this out to create a divergence for ? what? … only time will tell…

steveo77
13 years ago

I posted up a Boatload of Charts for those interested, lots of new posts so please scroll down as needed.

http://oahutrading.blogspot.com/

Also posted a funny “What’s wrong with the world today” piece, please add to it.

http://oahutrading.blogspot.com/2010/11/its-all-good.html

z stocktiger
13 years ago
Reply to  steveo77

I forgot what harami’s do! I guess they can go either way ..Red has so many fake prints going either way, I’ll just keep my shorts, just in case my longs get wiped out! That’s the plan.

steveo77
13 years ago
Reply to  z stocktiger

yeah, back in the day when you could trust a harami or engulfing!

Red Dragon Leo
13 years ago

Here they go again, trying for the gap fill.

Red Dragon Leo
13 years ago
Reply to  Anonymous

Too Funny… a movie about the gangsters. Let’s make it a war movie and they are the ones that get shot, killed, raped, murdered, hung, tortured, beaten, (fill in anything I missed here), etc…

Tiger
13 years ago

Hi Red,
have you see any FP for etf’s like tza, tna, faz or fas?
Thanks for your videos.

Red Dragon Leo
13 years ago
Reply to  Tiger

No I haven’t Tiger. I don’t usually have them open on my screen, so I’d miss them if they did show up. I got burnt too many times with those etf’s, so I stopped playing them.

Red Dragon Leo
13 years ago

Not looking like it wants to bounce very much… very bearish I believe.

Red Dragon Leo
13 years ago

We’re sitting right on the 50ma on the daily chart right now. If that breaks, 1150 is the next target. I don’t think it will today, as it appears that the heavy selling is over. Plus, all the short term charts are oversold right now.

So, as long as the current bottom holds, we could float sideways to back up the rest of the day. Tomorrow is unsure right now. It depends on what happens the rest of today.

Jason_70
13 years ago

Leo, As i stated earlier POMO is not going to put a dent onto equity markets. http://reddragonleo.com/2010/11/23/fooled-again/#comment-103714170.. Today’s decent down move confirms this even after dual POMO day. I think it is one of those “overrated” themes created by the media to justify markets going up. 🙂 I’d say we all are better off concentrating on the charts rather than this POMO thing. 🙂

PS: I am really surprised though to see a red day and i lived through it???

Red Dragon Leo
13 years ago
Reply to  Jason_70

Yes, I agree that POMO is now overrated. The best it should do is just give the market a small bounce day. That should be Wednesday and/or Thursday as those days have the most money to support the market.

However, I do see more downside coming. How low is unknown, but at least 1150, if not 1130 spx I believe.

z stocktiger
13 years ago
Reply to  Red Dragon Leo

Great call from Fri. Red! Gap down Monday

ACP
ACP
13 years ago

Interesting tidbit. There has lately been an inverse correlation between POMO and the markets lately. POMO in, matket down. My guess is that GS and their crime syndicate put out the word to frontrun POMO last month, then started this program to steal more money from legit investors.

http://www.zerohedge.com/article/brian-sack-meet-selling-interest

Anonymous
Anonymous
13 years ago

Precious metals following their own pattern at the moment.

z stocktiger
13 years ago

I have exactly 50/50 signals on my 15min chart on the indexes…Market can go equally either way on Tuesday.

Red Dragon Leo
13 years ago

We are putting in the same exact pattern (bear flag) that we have put in twice in the last 2 weeks. Each time the market rallied from it, instead of falling into another leg down. Will this time be different?

This bear flag should cause the market to drop to the 1150 level tomorrow, or early Wednesday… but will it? Is the 3rd time the same or different? Inquiring minds want too know…

ACP
ACP
13 years ago
Reply to  Red Dragon Leo

Unless something happens overnight, probably open up, I would assume. EUR/USD is so close to a common downside target of 1.29, I don’t know what would push it down any farther. The markets rocketed upward on the slightest dollar weakness, but are barely budging when the USD gains strength.

Red Dragon Leo
13 years ago

New FP… 119.35 spy.

Red Dragon Leo
13 years ago

The print disappeared now… not sure what to think of it, but bears should take some profit just in case we rally tomorrow. Maybe leave some shorts on for the bear flag forming… if it plays out?

Red Dragon Leo
13 years ago

Amazing isn’t it? They throw a quick FP out there about an hour ago, and bam… here we are at it.

z stocktiger
13 years ago

UP MON DOWN TUES hahahahahahaaaaaa!

Red Dragon Leo
13 years ago
Reply to  z stocktiger

You going short into the close Z?

Anonymous
Anonymous
13 years ago
Reply to  Red Dragon Leo

I think Tue is a down day too… just closed my calls and bought some puts, so far the market has traded in a closed boxed up and down (117 to 120 spy), let’s see if one side will be broken, I think the down might , but don’t know when, I just hope I will be positioned right at the time

Red Dragon Leo
13 years ago
Reply to  Anonymous

There is still a little more room to go on the upside. We could go up in the morning first, and then sell off into the close? Thats just from looking at the charts right now.

Anonymous
Anonymous
13 years ago
Reply to  Red Dragon Leo

sure we could, but we may start lower in the morning and go up again at close and maybe by Wed touch the box upper side again?

z stocktiger
13 years ago
Reply to  Red Dragon Leo

I’m 80% short–It’s either hero or zero for me…Nowhere to hide, now! I got stops… 1.5% stop losses on all the shorts….

Anonymous
Anonymous
13 years ago

I only think that tomorrow we may start lower again because we ended in a negative note, even though we tried going positive . Also after close I was looking at the Spy option sales and the calls are going lower than at close and the puts are going higher, so from what I have seen in the past this reflects tomorrow ‘s opening, but ofcourse there are no guarantees, there is always that exception to the rule….

Red Dragon Leo
13 years ago
Reply to  Anonymous

I’m not reading too much into the close. It just looks like profit taking from the quick move up from the low. Tomorrow could open down, up, or flat. I don’t see any pattern to tell me any direction.

But, the 5, 15, and 30 minute charts are now peaking, with the 60 minute not too far behind. A gap up would be a great shorting opportunity in my opinion. Not that I expect it to happen of course, but it would squeeze out those that shorted into the close today.

Robert
13 years ago

Santa Clause rally is starting as early as tomorrow or Wed. Don’t miss the boat………….

z stocktiger
13 years ago
Reply to  Robert

oh gawd, will someone please give me some meds to slow my brain down…( Here’s another scenario I just remembered) Are we going to get another DOW up 20 points up a day for 25 straight trading days in a row?

Robert
13 years ago
Reply to  z stocktiger

Who knows? 1300 by year end imo…….g.l. zzzzzzz

ACP
ACP
13 years ago
Reply to  Robert

And then it’ll all be wiped out in one day…

BWAHAHAHAHAHA!!!!!!!!!!!

ACP
ACP
13 years ago
Reply to  Robert

And then it’ll all be wiped out in one day…

BWAHAHAHAHAHA!!!!!!!!!!!

z stocktiger
13 years ago

Hi Red, I do a lot of these…Takes time to get good at it!comment image

z stocktiger
13 years ago

Hi Red, I’ll see your 119 SPX FP and raise you $117.76..
17.76 = 1776 = Illuminaticomment image

Red Dragon Leo
13 years ago
Reply to  z stocktiger

That print matches up perfectly with the low of the day, so I’d say it’s a late fill and not a FP… but still do keep your eye open. Most of the real FP’s tend to show up at levels that the market has never been to in awhile. Also, they show up in the premarket more then the afterhours.

Red Dragon Leo
13 years ago

Refresh for new video update…

Anonymous
Anonymous
13 years ago

asian markets are down, shangai composite is 3% down!
the futures are down, all point to a lower open…
so I may be right and will start lower, I hope since I am invested in the short side:)

Geccko23
Geccko23
13 years ago

Unusual action in ISEE all equities today. Dropped to a very low number after several sessions in the land of exuberance above 200. Very reminiscent of April 22,23. Oex put call ratio was lower though. In addition to 777calendar days to 10-10-08,111tds to June 21, there were some other hits around Friday. Saturday would have been 111 calendar days from 8-8 or Sunday for 8-9. There was something else I can’t remember. McClellan Oscillator dropped to -100.

Johnny T.
Johnny T.
13 years ago

Does this http://www.zerohedge.com/article/wikileaks-next-target-big-us-bank cause thiscomment image ???

Maybe we have the trigger for GS down fall?

Red Dragon Leo
13 years ago
Reply to  Johnny T.

Thanks Johnny… and yeah, when it’s released I expect GS and JPM to tank.

pezhead9000
13 years ago

It would go down – I closed my shorts before thksgiving – lol!

Red Dragon Leo
13 years ago

New FP of 119.19 spy…

comment image

Red Dragon Leo
13 years ago

Refresh for my thoughts on wikileaks (refresh pages)

Red Dragon Leo
13 years ago
Reply to  Red Dragon Leo

Sorry, I forgot to update the page. It’s there now. Try refreshing again.

Anonymous
Anonymous
13 years ago

In response to your Wikileaks video:

http://www.reuters.com/article/idUSTRE6AT40520101130

Red Dragon Leo
13 years ago
Reply to  Anonymous

Hmmm… makes you wonder why they didn’t release that information? My biggest concern isn’t whether or not their information is accurate and true, but instead the timing of the release of that data, or any data.

Remember, the stock market is 100% controlled by the Illuminati gangsters. So if you were a gangster like say… George Soro, then maybe you would provide some funding for a website like wikileaks (assuming you couldn’t stop them), and help them along the correct path and “timeline” to match up with the rallies and crashes of the market.

Since “they” (TPTB) have already told us that they plan to go up to about 11,800 or so, we can expect the release of that data to be around the time the market tops for good.

Maybe the owners are “real” and actually trying to help the public by exposing the gangsters’ dirty deeds (done dirt cheap… LOL), but I think they will be used to help crash the market when they have it scheduled to do so.

As Tyler Durden stated on ZeroHedge… they might just be a clever PsyOps front?

Red Dragon Leo
13 years ago
Reply to  Anonymous

Hmmm… makes you wonder why they didn’t release that information? My biggest concern isn’t whether or not their information is accurate and true, but instead the timing of the release of that data, or any data.

Remember, the stock market is 100% controlled by the Illuminati gangsters. So if you were a gangster like say… George Soro, then maybe you would provide some funding for a website like wikileaks (assuming you couldn’t stop them), and help them along the correct path and “timeline” to match up with the rallies and crashes of the market.

Since “they” (TPTB) have already told us that they plan to go up to about 11,800 or so, we can expect the release of that data to be around the time the market tops for good.

Maybe the owners are “real” and actually trying to help the public by exposing the gangsters’ dirty deeds (done dirt cheap… LOL), but I think they will be used to help crash the market when they have it scheduled to do so.

As Tyler Durden stated on ZeroHedge… they might just be a clever PsyOps front?

Anonymous
Anonymous
13 years ago

I agree were going up.

So put on your rose colored glasses for at least another month or so.

Fasten your seat belt we are going to the MOON!

Anonymous
Anonymous
13 years ago

I agree were going up.

So put on your rose colored glasses for at least another month or so.

Fasten your seat belt we are going to the MOON!

z stocktiger
13 years ago

NYX falling knife, if you buy now, 27.5, you might have to average in more at 26.5..200d is 28.8, I’m sure you can get that exit.

Red Dragon Leo
13 years ago

There’s another FP at 119.19 spy. Not sure about this one, as the charts are pointing down now.

Geccko23
Geccko23
13 years ago

Good, this late day action will assure that breadth remains heavily negative into the close……Today is 508 trading days from Nov 21 low…ie the crash number…..Dow crashed 508 pts on Oct. 19–1987. Didn’t realize it was coming here so fast. But there is an even better crash number fast approaching which has a history of success in this bear market.

Geccko23
Geccko23
13 years ago

Lower low on price for the SP and Dow vs last week and lower low on McOscillator vs last week (although slightly lower it appears) so the bulls can’t make the argument that price and $nymo were making divergent lows. Nasdaq hasn’t made a new low vs last week nor has $namo but it did close completely below its 10 day average and spent the entire’s day range below it. Dow spent the entire day completely beneath its 50day average. $nymo the UNSTOPPABLE force that every day passes another key milepost on its way to the final denouement. Tomorrow 156tds from the April high—ie 156=111 although I don’t know what to expect tomorrow—-could be a pause day….I noticed last week’s Investor’s Intelligence recorded 55%bulls 20%bears—–quite extreme numbers seen at important highs—also put call ratio premium made a new yearly low recently—-something that I had missed—that’s money in predicting an soon to be important intermediate high….

Geccko23
Geccko23
13 years ago
Reply to  Geccko23

$nysi another UNSTOPPABLE force. Tminus a few days until it breaks through its August lows if it continues at this pace. Expect Chaos ob ordo when that happens.

Robert
13 years ago

China PMI tonight. Big gap coming up. Market coiled and ready to run. Dec 1. Ready to rock and roll………………

Red Dragon Leo
13 years ago

New post…

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