Weekend Update – Planned Crash Is Coming Soon

Weekend Update – Planned Crash Is Coming Soon

Quick Friday Update…

(to watch on youtube: http://www.youtube.com/watch?v=e9xO3K-sguc)

Red

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Tuesday Update – More Manipulation at the End of the Day…

(to watch on youtube: http://www.youtube.com/watch?v=Rvp718Nyoik)

Red

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Monday Update:

(to watch on youtube: http://www.youtube.com/watch?v=k040xMmhWtY)

Red

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Estimated Time Of Arrival – Within The Next 2 Months…

The new movie being released on 03.11.11 in the clip above is called BattleLA… (http://battlela.com)

[pro-player width='425' height='344' type='video']http://www.youtube.com/watch?v=ZIBHgMo-ngw[/pro-player]

(Watch the Video Here: http://www.youtube.com/watch?v=ZIBHgMo-ngw&feature=player_embedded)

Read this woman’s story here: http://biblicaltimes.wordpress.com/2010/12/19/ex-illuminati-refugee

Here is the link to all 10 of her video’s: http://wn.com/mkbutterfly71

Could the “False Flag Event” in the coming movie above cause this FP to be fulfilled?

Everything is playing out just like they planned.  The market topped last week at the DIA FP of 118.16 (piercing it a little, as it did last year on February 5th, 2010 “97 point drop” low too, which actually hit an intraday low of 1044.50 spx).  The next major low should now be the 106.46 SPY FP from last year.  Of course there will be wild swings on the way down, but that’s perfectly normal and designed that way to steal your money.

While I’ll be in and out of my shorts many times on the way down, as I certainly don’t want to get caught in a short squeeze, I’ll try my best to figure it out and let everyone know so you too don’t turn a winning trade into a losing one.

As for next week, Monday looks UGLY!  I believe a wave 3 of 3 is going to happen, so be prepared for some selling.  I don’t know if it will gap down or not, but either way… the panic is coming!  The 15 minute chart is the only chart that looks capable of pushing the market up at the open.  We could gap down and then quickly fill the gap (or just come close to filling it?) in the first 5-10 minutes, and then tank the rest of the day.

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

The 30, 60 and daily look ready to rollover immediately.  Everything tells me that “The TOP” is now in, and Primary Wave 3 (P3) has now started.  The Legatus Pilrimage is this February the 3rd-5th, and will likely be another turning point… only this time it will be DOWN!

A possible scenario is a move down to the 1220 (or as low as 1180) area by the end of next week.  That would complete a large wave 1 down.  Then back up for wave 2 into early February, (allowing time for the gangsters to cash their remaining checks through the Vatican secret bank, at the Pilgrimage), followed by a large wave 3 down toward our 106.46 spy FP (about 1060 spx).

That wave 3 could stop around 1120, bounce briefly for wave 4 up, and then wave 5 down to 1060, which would complete the first much larger wave 1 down.  A speculative wave 2 up would then last for a month or so, followed by the worst series of wave 3′s down in the history of the stock market.

Those would be a combination of Primary wave 3, Major wave 3, Minor wave 3, Minute wave 3, etc… you get the picture!  Yes, this time… the P3′s really are coming!  This would be the move down to the Dow 8300 FP and SPX 885 FP.

So while us bears have been waiting for this wave for a long time, you must also understand that we are now riding the coat tails of the Illuminati.  They planned all of this to “Break America”, as in… make American’s so poor that they can’t uprise and fight the Satanist’s Evil plan to chip us all and make us even more obedient slaves.

Remember these Illuminati Reptilian Gangster Elites want to totally control you.  They do this through stealing your money.  Then you will be too poor to organize any type of resistance.  They control the “Main Stream Media” and just about everyone in both the House of Representatives and the House of the Senate.

So of course they control the stock market.  They want the crash so they can profit from it on the way down (by being short of course) and by buying up every company in America at 10 cents on dollar… turning the US into the United Soviet America!  Welcome to Socialism, and Communism…. welcome to the “New World Slavery”!

I’m not kidding here folks!  This isn’t just a “conspiracy theory”… it’s FACT!  Look around you, it’s everywhere.  You know it to be true in your heart.  We are living in the “End Times”, as foretold in the Bible and many other books too.  You have to use this opportunity to profit from a collapsing stock market to help yourself survive, and to help others that don’t.

When the time comes, I hope that everyone that reads this blog will stand up and fight against the Evil Empire in whatever way they can.  The laws are still out there that can arrest these gangsters, if only enough people would join together and enforce them.

They plan to unite the world financially, but keep it separate physically (as stated in this video interview with Bill Ryan of Project Camelot and Project Avalon).  They need you to think that your neighbor is your enemy so they can steal from both of you.  If everyone in every country was to “wake” up and realize that the only real enemy is the Illuminati, then they wouldn’t fight each other over Religion, or other made up lies designed to keep everyone distracted and not able to unite against the Evil Empire.

So making money from this coming disaster should be used to help others less fortunate then you.  We still have a chance, but we must “Wake UP” the sheep.  Get them away from the Television set, as it’s programming their mind to do what the Illuminati want… EVIL!

Red

P.S.  Want more proof of the coming crash?  We had a movie called “Unstoppable” with a train numbered 777.  Just before the market hit the DIA FP of 118.16, the DIA had a closing price high on 01/14/2011 of 117.77 , and then on 01/18/2011 the Dow had a closing price low of 11,777.99… which is signal that the Unstoppable train in near.

Then we have a new movie out recently called “Black Swan“, and of course the latest Wallstreet movie came out late last year too.  And now we have the new “Battle LA” movie coming out on 03.11.11, which again… is a sign of things to come.  Don’t get on any alien ship folks… it’s NOT Jesus returning!

  • Johndoe53453

    ur a fuckin idiot

    • http://www.reddragonleo.com Red Dragon Leo

      LOL… just get on the space ship as you won’t be missed.

    • http://twitter.com/Goldieee Goldieee

      Harsh LOL!!

      • zzb

        No, that was spineless. Those kind of comments should only be reserved for face to face sessions. Probably a coward who got picked on alot. Lol!

    • richie

      hey nameless johndoe,

      we all here choose to respect and discuss all opinions, market based ones, and otherwise……… there is no room here for that kind of anger and hate……get some excercise, run a marathon – that would put a different perspective on life for you…

    • http://zstock7.com/ zstock7

      I agree! so what am I agreeing with? ( are we talking about helicopter Ben, no doubt)

  • http://oahutrading.blogspot.com/ steveo77

    Gold is at a critical support point. Very few if any other analysis methods would show this. The PRS177, which is a channel line extension, tells us something that very few can see, much less understand, much less act upon.

    We have got a nice 11% profit on a mechanical trading system [SHORT] on GDX from BreakPoint Trades, however this PRS channel line has caused me to close out that trade. That is good enough.

    The “Cable” British Pound / USD currency pair has 2 reasons to want to push higher. The 78 Fibo and the PRS 177. This would also push US equities higher, although the multi-year correlations may be now at risk of no longer working.

    Also, Expiry week is done. The Monday after expiry often finds some good size fireworks to correct the antics of Expiry week. Sunday futures will be interesting. We banked some serious coin last Sunday playing the futures, which seemed to move in perfect 5 and 3 wave patterns, almost like shooting fish in a barrel. Not that I will complain, any win is a win gratefully accepted.

    Bond Interest Rates are at a 61Fibo, also looking a near perfect bull flag. Choose your own poison on how to play this. Perhaps TBT or even JNK? However, one concern is that there is so much media coverage about muni bonds being risk, and States being allowed to declare bankruptcy–defaulting on pension obligations and bonds. I have to take this amount of media coverage (it is large) as a contrary indicator–when they pimp it out that much, there must be some opposite plan coming out….like a TARP for borrowing for State Governments.

    This feeds back into my tin foil hatter theory of Fed Gov as the economic hit man, enslaving everyone, including State Governments with debt. What a great plan to consolidate power at the Federal Level. Time will tell.

    http://oahutrading.blogspot.com/

    • http://practicalt.blogspot.com/ Gold_Gerb

      fish in a barrel.
      LOL
      http://www.youtube.com/watch?v=Pd-MpXCMcIs
      poor fishie.

    • http://zstock7.com/ zstock7

      Hi Steveo, what makes TNX go from 23 to 36? btw, california already gets tarp money—i forgot what they called it. it’s not called tarp.

  • zzb

    great article Red. Maybe this week they will use their newest tool, Assange.

  • http://zstock7.com/ zstock7

    I’m moving my pullback date out to mid feb….I think the dow can get to 12000, 15 points a day at a time. we’ll see

  • http://zstock7.com/ zstock7

    JPM at 48 = XLF pullback

  • http://www.reddragonleo.com Red Dragon Leo

    Listening to Mr. Topstep, he seems to think they need about another 10-15k open interest contracts on the March Futures before the market rolls over. He estimates that to happen between January 28th to February 8th…

    http://www.youtube.com/watch?feature=player_embedded&v=PqpEz4muFqY

    The Spiral Guy’s chart has the 28th-29th as an important turn date…

    http://spiraldates.com/2011/charts/scores_0111.png

    And of course the Legatus Pilgrimage is February 3rd-5th… does this all start to make sense now? It sounds too me that we are likely to be choppy this week, with some early selling and a later rebound toward the end of this week.

    Then the rug gets pulled out the following week. If this coming Friday pushes up and puts in some type of double top, falls short a little, or even goes a little higher, then look out for Monday 01/31/11, as a big move down is highly likely.

    In this scene from the new “Battle LA” movie there is a quick shot of the beach at 1 minute 31 seconds in, showing the DOW down 4,847 points!

    http://reddragonleo.com/wp-content/uploads/illuminati-fake-alien-invasion-plan-new-world-order-dow-down-4847-at-1-31-minutes-in.jpg

    Now I don’t expect that to happen like that, but it might still simply being telling us that a “crash” is coming, not necessarily the amount of points it drops (remember, we already know those points).

    More like the “date” that it should start… as in 01.31.2011 (what could possibly happen over the weekend to cause that? Think everyone, as I’m drawing a blank right now).

    • richie

      what ever happened to julian assanges promise of jan release on a large money center bank……. a collapse of a goldman sachs on a wikileak would be lehman bros. x 10……..

      • http://www.reddragonleo.com Red Dragon Leo

        Maybe that is schedule for these coming weekend of January 29th and 30th?

      • Thatsme

        we allways sad that the stuff we has is on BOFA
        Internal mails that as we decribe once showened to the wolrd will make regulation faster

    • http://zstock7.com/ zstock7

      IWM 50 sma day, is 76 or so—-That’s a key support for the gangsta bulls. If that breaks down, then I’m switching back to the dow FP theory. It’s hard to identify the trend. The gansta’s have new tricks, I haven’t ever seen before.

      • http://www.reddragonleo.com Red Dragon Leo

        The FP theory has worked so far, and is now fact… not theory anymore. As for the gangsters, here’s something to educate you.

        You should listen to all 5 of these video’s from an Ex-Illuminati member… it is very disturbing how evil these people are…

        http://www.youtube.com/results?search_query=Ex-Illuminati+Interviewed+by+Henry+Makow&aq=f

        I’d rather hang out with “Street Gangsters” then those guys, as at least they don’t eat peoples’ heart to steal their power.

        But there some good news, many of the Illuminati members are breaking free of their programming and coming forward now. I’m just glad I wasn’t born into one of those families as I would have already went crazy by now.

        You see it on TV when someone famous breaks down… it’s not that they are crazy or anything like that, it’s because they were “programmed” and the programming broke down briefly and they experienced the good side of themselves for once.

        Look at when Brittany Spears broke down and cut her hair all off… her programming broke down. More will follow, as it’s not normal for people to want to be evil and follow satan. They have too be programmed into evilness, which many rebel because they know it’s not right.

        Satan will lose this battle as it’s foretold in the bible. God’s people will win in the end… not the gangsters.

        But in the meantime, we traders must profit on this planned crash to be able to help others out less fortunate.

        So hang tight, we may still get one more push up late next week? Maybe only a lower high, or a double top. Or, even slightly higher to that magic 1300 level… who knows?

        But we should expect some shakeouts before they crash it for real. This week should produce those shakeouts I believe.

  • http://zstock7.com/ zstock7

    here’s a list of this weeks earnings–I like to buy them after they report.
    http://zstock7.com/wp-content/uploads/2011/01/1-25-1-28-2011.jpg

  • Muzzalee

    Het Red,

    I think we are in for a gap up on DJI – have a look at futures which are well up – see what happens

    Good luck mate

  • http://zstock7.com/ zstock7

    Here’s the inside of Norad, or some place like it video.
    http://www.youtube.com/results?search_query=dumbs&aq=f

  • http://twitter.com/2wires Robert

    Need to see some key levels broken today………..

  • http://niftychartsandpatterns.blogspot.com anoopsan
  • Anonymous

    Hey Red…
    P3 did start…this guy has been spot on lately, calling for higher markets up to now…increased possibility that P3 has started, aside from Dow, which is to turn south as well…great EW counting

    http://www.youtube.com/watch?v=G_orM3WT-XE&feature=mfu_in_order&list=UL

    In video from a week ago (not linked), when he was discussing P3, he said that P3 should have “steepest slope since flash crash”…flash crash was vertical (almost)…so getting to 8300 in couple of months in entirely possible…this rally was based on short squeeze, there were never any real “dumb money” buyers, and you know what shorts are going to do, when it does turn for good…nothing to break the fall…

    I entirely agree with you on markets and control, however, I’ll stick to “Bilderbergs are controlling the world”…LOL…I hope they are just evil humans and the other stuff doesn’t exist….
    GL

  • richie

    red (or do you prefer Mr. Dragon Leo LOL),

    this just out, an analysis of the gold put action prior to a call from Doug Kass. The call from kass puts gold right in the vicinity of that FP you have on gold….. funny that!

    http://www.zerohedge.com/article/doug-kass-calls-gold-250-lower-puts-pop-news

    • Anonymous

      guess who had GLD June 2011 puts for over a week now…ME!
      We should reach 930ish by June, but I think it will be sooner, because gold bottoms before the market… so if 3 of 3 of 3 (or of 1, because final bottom is 2012) is sometimes in March, that should be a gold bottom…people will freak when $1050 breaks, because that would be a long term support trend line…it’s never easy…unless you have FPs…LOL

      • richie

        awesome m,

        that will be a profitable trade for you. good for you!! i agree with your timing…. FP’s do really help!

  • http://www.reddragonleo.com Red Dragon Leo

    It looks like those short term charts (5 and 15) are trying to push the market up some.

    • richie

      looks like continuation of the chop we had friday…it will break to the downside soon… i am watching that wedging MACD on the daily spx. it has been wedging since april of last year…it is just looking to break the lower wedge trendline to the downside….this should launch heavier selling….

  • http://www.reddragonleo.com Red Dragon Leo

    Amazing how controlled this market really is… as we all know that we should have already started selling off by now. Looks like it could chop sideways all day today (hopefully selling off into the close).

  • richie

    this market action is torturous. tptb really know how to make market life uncomfortably boring sometimes…..

  • http://www.reddragonleo.com Red Dragon Leo

    Once again, when the market looks bearish, they trick you and go up. LOL.

    • http://practicalt.blogspot.com/ Gold_Gerb

      agreed.
      and once the last bear gives up, and the last bull jumps on…
      ya know the story.

  • ACP

    Dollar manipulation going totally nuts. Steve Liesman’s stock pumping propaganda machine in full swing – he’s already had 3 segments to pump the market since it has opened. Late last year was the fastest the dollar has been manipulated downward in history and now Madman Ben is breaking that record.

  • LoTeFacio

    What are we even rallying on?

    • http://practicalt.blogspot.com/ Gold_Gerb

      fluffy unicorns & rainbows.
      no economic news releases today.

  • LUCKY6

    RED-With state of union on tuesday–fomc meeting ending wed can you really see them letting this market go down before that?? Maybe the real turn will start this weekend

    • http://www.reddragonleo.com Red Dragon Leo

      It’s looking more and more likely that this week will be the “chop” fest, designed to get the bulls onboard, and the bears off. So yes, I could see it holding up and rising a little more with the gangsters preaching at the state of the union meeting.

  • http://practicalt.blogspot.com/ Gold_Gerb

    I just saw the INDU.
    up 111.17 – for a split second.
    amazing!!!

    • http://www.reddragonleo.com Red Dragon Leo

      We are up 111 point now! LOL! This is crazy!

      • http://practicalt.blogspot.com/ Gold_Gerb

        yeah.
        well the DOW is up 1%
        and the SnP is up 0.3%
        it’s a bit harder to push up broader indexes, si?

  • http://www.reddragonleo.com Red Dragon Leo

    Well, we should have expected them to go tag the 12,000 mark again… especially since they won’t be seeing it again for many more years.

    • http://practicalt.blogspot.com/ Gold_Gerb

      I like to think the scared money is running to the blue chips haven.

  • http://practicalt.blogspot.com/ Gold_Gerb

    DOW +120
    those big POMO’s really work!

  • GSspy

    Its sad that the FREE markets have not been in operation for quite some time. Here is a good read….one of my favorite bloggers and he is trader….not some biased one way (bull or bear) guy.
    http://www.safehaven.com/article/19670/gold-and-spx-both-faked-it

    • http://www.reddragonleo.com Red Dragon Leo

      I don’t think the market was ever a “free market” GSspy. But it seems a whole lot more manipulated and controlled since the March, 2009 low… that’s for sure.

  • richie

    red,

    they could be melting us up till tuesday to that intraday FP of the spy…. the diverging indexes (dow vs all others) is a classic major top behaviour

    • http://www.reddragonleo.com Red Dragon Leo

      If we do go up to that 129.53 spy FP, then that should complete an ABC move up for wave 2 up. Like I said, we could put in a double top, fall slightly short of one, or push through a little. But a move up from the 1271 low was expected. How far is another story?

      • richie

        well i think the top from 1/19/11 for the spx is in. And i agree, that minuette wave 2 ABC three wave corrective would be complete somewhere around that FP. And as someone noted the manipulation “chop” happens till the FOMC meeting which is the beginning of WEC (DAVOS summit).

  • Diablos

    Red, no thoughts of any pi ritual, 1314 spx, say, late thursday?

    • http://www.reddragonleo.com Red Dragon Leo

      Could be Diablo’s? That’s a ritual number for them, that’s for sure!

  • http://niftychartsandpatterns.blogspot.com anoopsan
  • Anonymous

    Any guesses as to where we will close?

    • richie

      low volume melt up AGAIN – and maybe some end of day adjusting from short ETF’s – which means a little sell off, so we end off flat and positive, just above the opening (spx)

  • http://www.reddragonleo.com Red Dragon Leo

    We now have a “cup and handle” pattern forming, which is a bullish one. This means we could breakout to the upside and put in a new high. Bummer…

  • Anonymous
  • Anonymous

    As I posted before, I follow few Gann traders…most were predicting turn around by 19th…which happened in all indices but Dow…one of them had turnaround date of 25th, so maybe Dow makes high tomorrow, and then 5-6 weeks of downside which gets us to March (consensus among all)…Gold and Oil are not confirming this ramp…

    • Anonymous

      just to add…Nenner said he will close longs by Jan 25th or SPX 1248…which ever comes first…I guess it’s 25th…LOL

      • Chrgomez3

        hello mschmeng. Which gann traders do you follow?? any good web page or blog???

        Thanks

  • http://niftychartsandpatterns.blogspot.com anoopsan
  • ACP

    This is a bull trap. Pushing the DOW up to hide last week’s reversal. The broader indices will confirm last week’s reversal.

  • Anonymous

    This is just getting ridiculous now.

    • richie

      i feel your pain…but remember what the lao tse says: “Do you have the patience to wait till your mud settles and the water is clear? Can you remain unmoving till the right action arises by itself?”

      • Anonymous

        Maybe it’s possible were not even at the top yet and go much higher.

        • richie

          oh we hit the top on the spx on 1/19/11…. we now have diverging indexes which is a classic sign of a top…the dow hit its top today…. the dow’s high will stand alone, as the spx and other indexes stand in non confirmation. this is a BULL trap, plain and simple…. the question is – when to get short again???

          • ACP

            Just gotta ask yourself, even if you were an uberbull from Sep 1, and buying and buying the whole time, would you still be buying now, or looking at the reversal signs and getting out?

          • ACP

            Looks like when they put that last print out there at 129.53, they meant it.

          • Ceo

            Have we NOT hit that one?

          • ACP

            Not the most recent one from last Wednesday, unless I missed some spike since then. In fact, it’s still there, I can see it. But then again, the HFT guys have been heavily utilized to push down the dollar the last 2 weeks (one of the latest mr topstep clips), I think out of desperation, so who knows?

  • Anonymous

    S&P + 7.77
    Dow +107.77

  • Ceo

    Instituting my first batch of shorts right here. Held off thank god, three batches to fire in.

  • Ceo

    HOlding off for your answer ACP.

  • Ceo

    We need a regular chat board here. Red, get your wallet out.

    • http://www.reddragonleo.com Red Dragon Leo

      LOL… or put up a “donations” button.

      • Ceo

        No problem there. I was going to take a company public that allows anyone to donate directly to you, but now I don’t want to go public with it. http://www.moneyplusxpress.ca You have scared me off.

        What was the print of 196.53 referred to by the previous poster RED? Have we not reached one? I cannot keep track of them.

        • http://www.reddragonleo.com Red Dragon Leo

          It was 129.53 spy from last Wednesday.

      • richie

        i would donate for sure red….. just let us know how much we need to fork up, and we will all chip in!!

      • richie

        i would donate for sure red….. just let us know how much we need to fork up, and we will all chip in!!

  • http://www.reddragonleo.com Red Dragon Leo

    New intraday FP of 129.37 spy…

  • http://www.reddragonleo.com Red Dragon Leo

    Sorry, I meant 128.37 spy…

  • http://www.reddragonleo.com Red Dragon Leo

    Sorry, I meant 128.37 spy…

    • richie

      damn…so we WON’T hit the FP spy 129.59?? i am glad we have all this short term direction….LOL……..

    • richie

      damn…so we WON’T hit the FP spy 129.59?? i am glad we have all this short term direction….LOL……..

    • ACP

      Some of the criminals are getting a little restless……they started taking the market down as soon as that print hit. Have you seen prints have an affect that fast before Red?

      • http://www.reddragonleo.com Red Dragon Leo

        Yes, intraday FP’s can hit the same day, however most of them hit with 1-2 days. That one from last Wednesday (129.53 spy) still has been hit, but it got fairly close today (129.25), so that might be all we get?

        • ACP

          Actually, I was thinking in terms of immediate effect. On most of the other prints, I noticed the markets didn’t react as quickly as this one, or maybe I wasn’t paying attention to the immediate effect? Almost as though some of the criminals are getting a little restless to grab the big kahuna.

  • richie

    the 5/15/30 min curled over and they are taking it sideways burning it off….. it just looks like we are 5 points and change from that 129.53 FP of last wed…i think we hit this first, maybe in a little gap up tommorrow morning, and we head down to that second intraday of 128.37…………… what say ye??

    • richie

      forget it …. looks like we are heading down….

      • http://practicalt.blogspot.com/ Gold_Gerb

        tick -800 range, bam.
        let’s see if it lasts.

  • ACP

    I personally think they are “squaring up” with these back and forth prints before finally taking it down. Hence the chop.

  • http://practicalt.blogspot.com/ Gold_Gerb

    3:10 profit taking on the SPY,
    hey! they did this Friday too.

  • http://practicalt.blogspot.com/ Gold_Gerb

    FYI – ticks have been negative since 3:15.

    whoops!, a positive one shows up.

    • http://www.reddragonleo.com Red Dragon Leo

      What level does the tick need to be before you see a nice move down?

  • Ceo

    Last leg UP? For the c on the C?

  • Anonymous
  • Ceo

    Course, I wouldn’t put it past them to stage a rally here just for us. They are kind that way.

    On my last short using faz, I kept my profit in faz. So even if they plunge it, I make something.

  • http://practicalt.blogspot.com/ Gold_Gerb

    GG out.
    #$!@#$$
    12K tomorrow.

  • Double Dee

    SPX -The rising bearish wedge – looks like we backtested the trend line again (did on Friday too)

    • Double Dee

      the wedge is getting really tight… either we break down from here or it is back into the wedge and up, up and away… not good for my shorts

  • ACP
    • http://zstock7.com/ zstock7

      Actually, the max is 13,600

      • ACP

        I like going overboard, heh.
        But that also means, there would have to be a “back off” period though. It’s either up or down in this market; I can’t really see a sideways movement for an extended period. That is, unless Madman Ben does what he did last year and let the market tank before starting QE3……

  • http://niftychartsandpatterns.blogspot.com anoopsan
  • jeff
    • http://zstock7.com/ zstock7

      BIG LIE at 51 seconds—UNEMPLOYMENT never reached 11%.
      Makes me wonder, what else is he going to lie about—I ran away from this video. sorry!

  • http://zstock7.com/ zstock7

    The asset classes, ( 1% earners) are pushing this market high!

  • http://www.reddragonleo.com Red Dragon Leo

    New video… refresh page!

  • http://twitter.com/Goldieee Goldieee

    Those f*cking lizard alien basterd bankers got us again!!!

    • http://www.reddragonleo.com Red Dragon Leo

      We should be used too it by now… unfortunately.

  • http://zstock7.com/ zstock7

    Red,
    is it ok for me to post a ”riot against the system, inevitable” video here? Very inspirational.

    • http://www.reddragonleo.com Red Dragon Leo

      Post away Z… you know I don’t care. I still allow “Freedom of Speech” on this site (as we know some blog’s don’t). Both bulls and bears are welcome here… even Illuminati gangsters. LOL

  • Ceo

    Heh, why do you use the moniker Red Dragon anyway? Isn’t that sorta lizardy? Maybe…..

    Just kiddin Red. But the ole Southern accent reminds me of this pen salesman from New York I knew who used to twang all day as if he came from Western Kentucky.

    • http://www.reddragonleo.com Red Dragon Leo

      I was born in August, which makes me a Leo. Also, I was born in the year of the Dragon according to Chinese Calender… hence the name, Red Dragon Leo.

    • Ceo

      Hey, no problem its just that most of the information guys on the other side all usually end up being agents FOR the other side. As a friend who really knows the what up in this arena says, if you are really against them, you are worm food. Otherwise, they just end up figuring out a way to use you for their agenda. They are pretty good at turning a table.

      • http://www.reddragonleo.com Red Dragon Leo

        Yes, they are good a dis-information. I’m sure I’m exposed to plenty of it. I guess they just enjoy messing with our heads. So they don’t bother me as long as I don’t completely figure out their system… which it’s obvious that I haven’t.

  • Ceo

    In terms of a top. Look at GOLD, what an incredible amount of chop, ONLY to so far, fall less than a hundred bucks.

    I guess it takes a long time to get out of all your long positions(lol).

  • Ceo

    Hey, don’t be too hard on yourself, you haven’t been wrong here at all. You got the top, the print, to a T. Just be patient.

    • ACP

      Here’s a little tidbit too……I think the prints are still a “GO” because the Criminal Banks (“CBs”) are suffering due to low trading volumes. They have to take the market down to generate more income from their Criminal Trading Desks (“CTDs”). They can’t keep generating phantom profits by reducing their loss reserves.

      • ACP

        The money the CBs are stealing from us by flipping bonds to Madman Ben after a week are also just offsetting the losses in their Treasury portfolios. Just need to know when the greed hits the fan…

  • http://practicalt.blogspot.com/ Gold_Gerb

    It was nice to see the ADX indicator in the video.
    green greater than red most the time.
    would you consider changing to Green Dragon Leo? ;-)

    • http://www.reddragonleo.com Red Dragon Leo

      LOL… the “Red” is a representation of my trading account over the last year and a half. I’ll change it to “Green Dragon Leo” when the market crashes to at least the 885 spx FP!

  • http://zstock7.com/ zstock7

    What and who are the asset classes. Here’s a video that tells you what the asset classes are! Warning! Strong Language, may not be appropriate for this site or any site. You know what! you don’t have to click on it!
    http://www.youtube.com/watch?v=ga8o9eepj5s

  • Anonymous

    Red,
    you said it yourself…top will be kicking around…
    it keeps bulls a sleep, let all their trades work out until door slams shut…My view is that Feb 4th job report will move markets down, until then it’s kicking around…I play this the black swan way…I don’t know when will it happen, just that biggest move down for this year will happen sometimes by end of March beginning of April (but it could be sooner, that March 11th keeps popping up)…good luck…

    • http://zstock7.com/ zstock7

      hi MS,
      I guess you lost your shirt too in a March tank one time.
      I keep trying to explain the March 8th tank to everyone at Red’s site—I’ve been thru 2 of them—THEY HURT! I’m prepared this time, and will try to lend my expertise to this site, if we Hit another one of these in March.
      Right now, we’re in the setting up stages for THAT TANK! day by day, the evidence gets stronger.

  • http://zstock7.com/ zstock7

    This video explains WHO the asset classes are…
    It’s probably why there’s no easy top to this next pullback.
    http://www.youtube.com/watch?v=IWnWY24kdpI
    Max also explains how to put fire out with Vodka!

  • ACP

    Red,

    One last thing…check out the RSI both daily and weekly, hell even monthly. When is the last time the RSI was as high as it is now?

  • http://oahutrading.blogspot.com/ steveo77

    This is a seriously good resource, a page in my blog devoted entirely to Euro Debt of various durations, Bond, Euro Bonds. I would say perception of risk is very apparent.

    http://oahutrading.blogspot.com/p/euro-bond-charts.html

  • Anonymous

    Approximately 78 million baby boomers retiring with in the next few years.

    There will be a lot of selling going on when these people withdraw from their 401k plans.

  • Mlucas

    Hi Red…love your blog although you have to know now that the FED will NEVER let the market go down again…EVER. It won’t happen.

    • Ceo

      Uhh, that has to be the TOP speaking right there. Yup, it was.

  • http://zstock7.com/ zstock7

    $1300 avg, GOLD prices divided by fib 38 = 34.2, silvers next high. something to think about. it’s probably bs, or not. fibs are half bs, and half they are correct!

  • Anonymous

    no…I was in cash, after getting out of Canadian real-estate investments…had some minimal RRSPs (401K), but I watched it go down closely…Made a lot in 2009, early 2010 in biotech stocks (my specialty), but was early this fall, lost put premiums…However, I always keep a lot of cash on the sideline…so I can play again…was on the sidelines good part of Nov, Dec….
    I love gold and oil action this morning…both on a steep slope down, $BDI as well…very telling

    • Anonymous

      this post was a reply to zstock7…

  • http://niftychartsandpatterns.blogspot.com anoopsan
  • zzb

    Is everybody ready for Barak H. Obama to read his speech tonight? I think the message will be………how dumb you are, how little you know, how much you need to be helped, how much “they” want to be there for you. Yeah, sounds about right. The hell with home prices dropping 1% in November, we have a green back drop to think about. Good luck everyone!

    • http://www.reddragonleo.com Red Dragon Leo

      Yeah… you know I’ll be watching! LOL I’ll put on a rerun of Godzilla on another TV and see if I can tell the difference between the two of them.

      • http://practicalt.blogspot.com/ Gold_Gerb
        • http://www.reddragonleo.com Red Dragon Leo

          LOL… is that’s Godzilla or Obama? I can’t tell the difference? Maybe it’s George H Bush, or David Rockefeller? Could be George Soro’s or Warren Buffet? Ahhh… I see now, it’s Ben Bernanke!

          • richie

            check the roots, if its grey – then its godzilla…..obama done painted his roots back to black!

    • http://practicalt.blogspot.com/ Gold_Gerb

      why would I watch it?
      just wear a sweater.
      http://www.pbs.org/wgbh/amex/carter/filmmore/ps_energy.html

    • Anonymous

      The Governor of Hawaii is bringing his real birth certificate.

      • zzb

        they have turned every capacity of leadership into an obvious joke. It doesnt need to be legal or ethical. The population is catching on to this and there is an overwhelming feeling of no help, no hope, and nothing getting better. Bring the silly birth certificate, is it edible?

  • richie

    red,

    how many times have we seen these kinds of tops play out. up one day, down another day or two, then back up, until WHAMMY, the dam bursts to the down side….. look at april of last year – same kind of thing. you have mentioned this many times in the past in your videos…

    • http://www.reddragonleo.com Red Dragon Leo

      Yes, and that’s exactly what is likely to happen here. A whole week of nothing but a lot of wild swings.

      • Anonymous

        Consumer confid hit 8 month high. Obama will feature it tonight.

        • http://www.reddragonleo.com Red Dragon Leo

          Well that sounds like a possible interest rate hike is coming. I believe a bear is knocking on the door now… don’t answer it Mr. Bernanke, or else it will eat you! LOL.

        • Double Dee

          but will he talk about housing??? Not… Fox was talking about the speech last night and no one is expecting much. We all know his move to the “center” is nothing but rhetoric.. but as usual he will fool some of the people (always more Kool aid in the frig)…

          • zzb

            of course not. housing is fine. he’s got the biggest house out of everyone. paid for by his subjects (you and I). By the way, thats your chief and commander your talking about.

    • Anonymous

      Richie they are not going to let it happen.

      They have about 400 billion to go.

      • richie

        jim,

        the script is written…the fed will be the incompetent tragic figure in this poorly written play…… 400 billion et al….

  • richie

    there is something going on in many muslim countries in and around africa..tunisia,egypt and now yemen..how many are backed “revolts”?..and backed by who for what purpose?..once again the “coloured” revolution is mentioned..and that to me spells out globalist reptilian elites fingerprints..

    http://news.xinhuanet.com/english2010/world/2011-01/23/c_13703031.htm

    • richie
      • ACP

        The criminals need an excuse to tank the market, and more importantly, COMMODITIES, to give them an excuse to continue with the largest transfer of wealth in world history, which began in 2008.

    • Anonymous

      You need to read robert spencer’s books.

      We are in WWIII and have been fro years. Its just getting closer to being really bloody and big.

  • http://www.reddragonleo.com Red Dragon Leo

    Talk about obvious manipulation… did everyone see that huge up candle on the 10 minute chart, that quickly reversed after taking out all the overhead stops? The good news is that we will probably go down now that they robbed all those bears who put stops up there.

    • ACP

      The Euro again also.

      • ACP

        Red (or anyone else for that matter),

        Have you seen any currency FPs? I realize you’re mostly watching equities, but it’s clear to me that currencies are playing a large role in this pump scheme, especially the last 2 weeks.

    • Anonymous

      A lot of POMO this week 35-40 billion

  • http://www.reddragonleo.com Red Dragon Leo

    This is just nuts! The charts only work for the bulls! We should easily be down to 1272 testing the double bottom, but instead we get the same old B.S. day in and day out! What a crock of s**t!

  • zzb

    Come one Red! No one said doing Gods work was easy. Our “person of the year” is doing the best he can here.

  • VM

    market crash coming

  • http://www.reddragonleo.com Red Dragon Leo

    Can I get few “Amen” now? LOL

  • VM

    Its start 777 on a railroad

  • VM

    first stop station 1224 then fall a clif

  • richie

    Damn red,

    i went running for a bit as i thought it was “choppo” tuesday…..i missed some action…… i need to buy me a red dragon leo market pager system

    • richie

      hey the intraday downside FP from yesterday has been hit – so that one is off the table…

  • http://www.reddragonleo.com Red Dragon Leo

    I think we will have one more push down, and then that will be all for now. Tomorrow they should rally back up and try to put in a double top, or pierce through it a little. Remember, Fed day’s are almost always bullish.

    • richie

      agree…30 min is rolling over and 15/5 min on the spx have one more gasp down into oversold……..

    • http://practicalt.blogspot.com/ Gold_Gerb

      let’s now forget DOW 12,000
      just so cloooose.
      tease tease tease.

  • BullKiller

    the higher it goes… KEEP SHORTING!!! everyday it goes up… short a little.. :-) you will end up winning eventually, if you have unlimited supply of cash lol

  • Muzzalee
  • http://www.reddragonleo.com Red Dragon Leo

    Gang, there should be one more “blow off top” high before she sinks. So keep that in mind for those who are short. Don’t get shaken out, as that’s what it’s designed to do!

    • richie

      you mean on the spx…..like we actually hit that intraday FP of 129.93?? so you think tommorrow we will blow??

      • richie

        sorry i meant 129.53

    • BullKiller

      what happens when you shake the tree?

      • http://www.reddragonleo.com Red Dragon Leo

        The bulls are falling out the tree today, but the bears will fall tomorrow. Rest assured, they will rally this tomorrow. A bear squeeze is coming…

  • richie

    red,

    will you go ‘more’ short on the blow off?? i was thinking of increasing my net short position if she blows again………..

    • http://www.reddragonleo.com Red Dragon Leo

      I think they will close it down today, luring in more bears. Then rally hard tomorrow after O-bomb-us speaks tonight, and into the Fed’s 2pm FOMC meeting. If we take out the current top right after or before the meeting, then I believe that will be the final top. Most Fed days close up, so shorting at the close tomorrow (or just before 2pm… depends on where the market is at?), might be the best chance of success.

  • richie
    • http://www.reddragonleo.com Red Dragon Leo

      If American’s would stand up like that, you can bet that TPTB would be running scared.

      • zzb

        not when they use thier police and military on you. hard to believe someone would even protect and defend these so called leaders in government.

  • http://www.reddragonleo.com Red Dragon Leo

    Today needs to be an “all down day”, just like April 30th, 2010 was. Then the following day was an “all up day”, followed by the flash crash. I expect a similar pattern to play out.

    • ACP

      And today is a total downward headfake, which fits……the MMs stole about 20% of the premium out of the short ETFs and they’re not giving it back…not until THEY go all in…

  • http://www.reddragonleo.com Red Dragon Leo

    I think we’ll have some buyers come in around 1274 ES, so that could be the low of the day?

  • http://www.reddragonleo.com Red Dragon Leo

    I see a new intraday FP of 129.12 spy, so I do expect a rally tomorrow. I don’t know if they will go to that print exactly, fall short of it, or rally past it… but it clearly states to me that the direction tomorrow is up.

    • richie

      thanks for the heads up red,

      i will put on a speculative long (i feel dirty), for tommorrow at eod……

    • Double Dee

      What the heck was that? I thought for a minute that the FP would be hit in a minute!

  • richie

    this manufactured market is hilarious!

    • http://www.reddragonleo.com Red Dragon Leo

      Well, as I said before… the charts work for the bulls, but not the bears. LOL.

    • http://www.reddragonleo.com Red Dragon Leo
      • richie

        LOL…..red, you are too much —- hhahaa…ok i will use it…..

        • http://pulse.yahoo.com/_HYNBKMEJSZ3VFYJMWU22PXESUE dermrich

          ok red i am an avatar boob, how do i create my avatar here??

          • http://www.reddragonleo.com Red Dragon Leo

            What kind of image do you want for yourself? I’ll find one for you too.

  • zzb

    lol. Do it Richie, that was funny!

  • zzb

    Richie, Richie……..Grrrrrr go get em kiddo

    • richie

      hahaaa…..ok consider them “got”….

  • Double Dee

    Watching Alex Jones today and said that Robert Gates leaked that Obama will go for gun control tonight in speech – what would that do to the market? Glad I am stocked up on ammo…

    • http://www.reddragonleo.com Red Dragon Leo

      Hmmm… interesting. But some how I don’t think they will tank the market until after the FOMC meeting. Obama doesn’t want the blame for a market crash… past that buck off to Bernanke.

  • http://www.reddragonleo.com Red Dragon Leo

    I thought you would like it Richie? Tell me what your hobby is, or how you want to portray yourself, and I’ll try to come up with a cool avatar.

    • richie

      that’s me….i have been called richie rich my whole life….. that cartoon avatar of richie rich is perfect….

  • zzb

    Yeah, you dont want Denis the Menis avatar Richie. something cooler.

  • Anonymous

    All you need to do is look at gold and oil, if Fed printing and economy booming was to take hold, they wouldn’t heading south…stock may be up tomorrow, although, I don’t think we can make new highs…maybe Dow by few points…we seen some nice manipulation, until TPTB are ready, nothing big will happen…housing was down today, Korean shipper in bankruptcy, as $BDI approaches FP (as posted on Zero hedge couple of weeks ago)

  • zzb

    that is cool. okay i’ll use it. I dont know how to go about setting it up though, so that’s a little problem.

  • richie

    omg…that intraday fp will be hit before the end of day…. nervous shorts closing out positions before state of union, and fomc??? hmmm

    • http://www.reddragonleo.com Red Dragon Leo

      Tomorrow will likely be flat until 2pm, then look out! Wild swings up and down always happen right after the FOMC minutes are out. The first move is usually a “fake out”, which most of the time is down, followed by a small rally into the close, with the day almost always closing positive. Will this time be different?

  • http://www.reddragonleo.com Red Dragon Leo

    LOL… we hit the FP of 129.12 spy today and will likely close right on it. Tell me the odds of that happening in a Free Market?

    • Anonymous

      AMEN!

      ZERO!

  • ACP

    Woo-hoo! Nice EOD Insane Ben pump! Since there’s a buyer’s strike in stocks…PUMP that Euro! All $7 billion! Steal 20% premium in equities and options and then pump it and sell it back! These guys have their hands in every illegal source of income possible!

  • Anonymous

    What a finish. Good way to squeeze the bears out once again.

  • zzb

    Obama has his green backdrop for tonight. So go grab your barf bags and watch his finger wag on every channel tonight! Do not go to him though.lol.

    • http://www.reddragonleo.com Red Dragon Leo

      Login to your disqus account and click on the avatar picture, then upload the one of the Z by copying the url and pasting it in the upload box. It’s easy… you’ll figure it out.

      • Anonymous

        ok

  • http://www.reddragonleo.com Red Dragon Leo

    I have little doubt that we won’t hit the previous FP of 129.53 now, as we are too close not to hit it.

    • richie

      forgive my french red,

      but what a ‘LOAD OF HORSE Sh*T’!!!! take a look at the last hour of trading on the spx, a 1 min chart, and tell me that is not your first reaction!!

  • ACP

    What does -3.33 in the Dow mean, that it’s going to be a half-ass crash?

    • http://www.reddragonleo.com Red Dragon Leo

      Who knows? Maybe a 3.33 % down day?

  • Diablos

    Haven’t made a worthless prediction in awhile, soo…. spx tops tomorrow at 1pm at 1304.

  • Anonymous

    I tried Red, oh well no big deal.

  • Anonymous

    Gold 1333
    Dow 11977.19 -3.33

  • ACP

    I’d like to throw my worthless predictions into the pool also. S&P 1272 by EOW.

  • http://www.reddragonleo.com Red Dragon Leo

    Gang, I’ll do a video for you all later tonight showing you how to upload an avatar picture to your disqus account.

    • Double Dee

      I forgot my password – how do I retrieve it?

      • http://www.reddragonleo.com Red Dragon Leo

        Hmmm… I’m not sure Dee? You might have too play around until you see a page that says “forgot password”. Then enter your email address and they should send it too you.

        • Double Dee

          I just found where I wrote it down and it won’t work… I can’t find anything that I can get it sent to me. So I guess I will remain faceless… I tried to reregister and that was worse…

          • http://www.reddragonleo.com Red Dragon Leo

            Dee, go to disqus.com and you shouldn’t be logged in. If you are, click on the logout link in the top right of the page. Then click on login. You should now see a popup box just like the first 10 seconds of my video.

            Enter you email address and click on the “forgot” link to the right of the word “Password” (it’s in blue text). Retype your email address on the next page and click “continue”. Then check your email…

          • http://www.reddragonleo.com Red Dragon Leo

            Here’s the direct link…

            http://disqus.com/forgot

  • richie

    ok red…..here i am – in all my glory….. thanks for the avatar..now i just have accumulate as much wealth as the cartoon character…..

    • Anonymous

      didnt work for you. why do you have a capital R and a underscore in your name.

      • richie

        i just registered with disqus and someone already had plain richie…. so i got creative

  • Anonymous

    Red, I can’t find the FP for $BDI that was on Zerohedge…anyway…I think we hit it today, another -53 points to 1292 (that over 30% down in 2 weeks or so)…

  • Anonymous

    Diablos, I agree in the direction of your prediction.

  • http://www.reddragonleo.com Red Dragon Leo

    How to upload a picture avatar to your Disqus account

    http://www.youtube.com/watch?v=O4twAkCfmwo

    • richie

      thank you red!! much appreciated

    • Anonymous

      the video helped, thanks. just to let you know I was able to post on your site without ever doing anything with disqus. today is the first time i opened the disqus tab.

      • http://www.reddragonleo.com Red Dragon Leo

        Cool… glad to help. It just makes more sense to have an avatar when you do a lot of posting. That way people get to know you better.

  • richie

    some after hours humor, and could very well explain the last hour of the trading day….

    http://www.zerohedge.com/article/bloombergs-equity-trading-recap-near-panic-nyse-stocks-almost-close-lower

  • http://twitter.com/2wires Robert

    Speech tonight could be a market mover. Massive Pomo, State of Union, window dressing, not a good time to be a contrarian this week……g.l.

    • http://www.reddragonleo.com Red Dragon Leo

      Yes, I agree Robert. I’m not short, so I’ll be fine. What upside target do you see the market hitting?

      • http://twitter.com/2wires Robert

        I think we are going above 1300 this week with a correction starting mid Febuary.

        • http://www.reddragonleo.com Red Dragon Leo

          I’d say that mid-February is a high probability, as the Legatus Pilgrimage is the 4th-6th… and you know the gangsters need time to cash their checks.

          However, it should start to drop some by this Friday, should we hit 1300+ before then.

  • richie

    as usual, insider selling far outpaces buying….last week for the first time ever, we had a week with no BUYING only selling… this week it is a mere 2842:1

    http://www.zerohedge.com/article/insider-selling-buying-ratio-2842-1

  • Anonymous

    Here’s that damn (pardon my french) 200,001 bug again.

    http://img.photobucket.com/albums/v349/redripple/GILDASK.jpg

    • http://www.reddragonleo.com Red Dragon Leo

      That must mean something… but what I don’t know?

      • Anonymous

        It’s the number of days until the market crashes.

        • http://www.reddragonleo.com Red Dragon Leo

          LOL… We’ll both be dead and gone by then, that’s for sure! Or, it could be a signal that the market is going to crash like 2001?

    • http://zstock7.com/ zstock7

      I have one on POT! print is 67–I’ll post in awhile!

  • http://practicalt.blogspot.com/ Gold_Gerb

    I believe the BP charts are a lagging indcator, but still – worth a look
    http://stockcharts.com/h-sc/ui?s=$BPSPX&p=D&yr=1&mn=0&dy=0&id=p16193609217

  • Anonymous

    Someone call JPMorgan ~ Silver is rallying +0.04 cents and we need them to short more silver so I can buy at less expensive prices.

    Meanwhile the USMint has closed down production of both Silver and Gold American Eagles because of “unprecedented demand”.

    I call that “Demand & Demand” because there is no supply and the COMEX price is plummeting to hell. It all adds up perfectly.

    • http://zstock7.com/ zstock7

      The more retail silver that gets sold, the lower silver prices are going—it’s supply and demand backwards, therefore it’s a physics problem.

  • http://niftychartsandpatterns.blogspot.com anoopsan
    • http://www.reddragonleo.com Red Dragon Leo

      Where you been San? I was looking all day for you to post. I like your quick charts, as sometimes I miss a pattern that you catch.

      • http://niftychartsandpatterns.blogspot.com anoopsan

        It’s about 5 AM in India, For about 4 months now i have been trading in the morning and charting at night. So decided to take some time off. Will come back with intraday patterns in February.

        • http://www.reddragonleo.com Red Dragon Leo

          Sounds good San… get some sleep.

  • http://zstock7.com/ zstock7

    Red! do you know anything about this black hole that showed up in Norway on 12-9-2009?

    • http://www.reddragonleo.com Red Dragon Leo

      I didn’t know anything about it Z? Post a link if you find one.

      • http://zstock7.com/ zstock7

        It has something to do with “M’s destruction” I’ll try to find something on it! next key date on it is 12-21-2012
        What about the “orgone halo?” Have you heard anything about that?

  • http://zstock7.com/ zstock7
    • Anonymous

      I think it will be soon…March or April maybe sooner. Lot of people gonna get burned owning Silver and Gold puts when it shoots through the roof.

      • http://zstock7.com/ zstock7

        NEM telegraphing–NEM support 54.5

  • http://zstock7.com/ zstock7

    headquarter’s in santa cruz ca—drive a super magnet ( 2 mile range) thru the streets there….wipes out their intelligence.

  • mnp19

    I have a fairly simple question for anyone who can fill me in, how do you catch the fake prints in real time?do you put alerts on price action?ect…

  • http://www.reddragonleo.com Red Dragon Leo

    I just leave my charts open all day, in my Ameritrade account, and they just show up. Ameritrade bought Think or Swim, and they use a charting system by “ProphetCharts” (which I think is the one that Tim Knight from Slope of Hope sold to them?).

    Anyway, I have multiple windows open, on different time frames. Most are 5 minute and 10 minute candles. As I watch the tick by tick action, you’ll see a “rogue” tick, or FP as I like to call them.

    You don’t have too have Ameritrade, as I believe they show up on all live charting platforms. Hope that answers your question.

  • ACP

    I think someone mentioned the manipulation spike at about 3:15 est. This is it:

    http://www.zerohedge.com/article/how-sweeping-new-york-only-trade-caused-19600-share-flash-smash-ibm-and-sent-djia-surging

    I guess someone forgot that the illegal manipulation is supposed to be a little more subtle, but then again, who cares when the Fed gives you the stamp of approval to slash, burn, kill, maim or whatever else is required to make the market go higher.

    • http://www.reddragonleo.com Red Dragon Leo

      The B.S. never stops it seems… even when we know they are doing, they still do it.

      • Anonymous

        that was only 19600 shares, little over $3million… there is no liquidity…that’s how you get Dow 8300 in short order, and HFTs flipping 100 shares at the time is not providing liquidity…you may think of this as calibration, for the main event…

        • http://www.reddragonleo.com Red Dragon Leo

          Well, they say that the market falls 6 times as fast as it rises… so maybe this time it will break some new records.

          • ACP

            If you look at what happened the last 15 minutes, there were 500 e-minis traded every second until the close, which is approximately $27 billion of trades. That’s a lot of burn to get to the FP of 129.13. They’re staging this like nothing I’ve seen.

  • http://www.reddragonleo.com Red Dragon Leo

    Refresh page for new video…

  • Anonymous

    Was POMO still going in to the market when we had the last flash crash? If so, why not manipulate it then to keep the market up?

    • ACP

      POMO wound down and the last billions were pumped in late March/early April. So the market was in cruise control until everyone realized the market was overbought and no money was being pumped in out of thin air, and the market took a dump.

      There lies the key…money has to be created out of thin air and pumped into the market or it will crash. Money isn’t being cycled out and back in after a correction, so to keep the market overbought, money must be created from nothing and pumped in the market immediately.

      • ACP

        Like I mentioned in my post below, the criminal banks spent $27 billion to push the DOW back to even today, which is clearly an act of desperation. It looks to me that they bit off more than they could chew and their prints were a little too aggressive. I can’t see them pushing the market much higher with even $9 billion a day of illegal pump money from the Fed.

  • http://zstock7.com/ zstock7

    I’ve been reading about this COMEX deliverable silver shortage, that happens every month on expiration. They have to go to the open market, to get the rest (50%)of the delivery. It’s very interesting. I wonder what the entire silver amount is worldwide, consumer and privately held.

  • Double Dee

    Red, do the spikes premarket count for FP? I got one at 8am for 128.20 ish… on SPY

    • http://www.reddragonleo.com Red Dragon Leo

      Yes Dee, they count too. That’s probably a signal that they plan to take the market down to that level within a couple of day. Could be today after the Fed meeting, or tomorrow? It also could be Friday, as we don’t really know for sure how long it will take to play out.

      • richie

        well if we pop up to that intraday spy fp of 129.53 in the morning, it may be the mild sell late day today, and tommorrow, before fridays script…… i think the blow off top is just obvious a play. TPTB might take out stops above, but at this point in the game, that is to be expected (21 months of the same)… i think the bulls are all in, and the bears are timid and confused and are far from ALL IN…i say you hit them when both sides are expecting chop for another week or so………. i dunno, but my gut says no blow off top….. (and as usual i will probably be wrong on that one…LOL)

        • http://www.reddragonleo.com Red Dragon Leo

          You could be right Richie. Nothing says we have too make new highs. The 129.53 FP will certainly be hit I believe, but after that… who knows? Maybe Bernanke will raise rates and cause the crash? Wouldn’t that be unexpected?

          • Double Dee

            Does hitting it premarket count? As it did… I have 129.68 for premarket

    • richie

      dee,

      did you get a screen shot/? can you post??

  • http://niftychartsandpatterns.blogspot.com anoopsan
  • Anonymous

    I think we’ll still have few days of choppy up and down’s to keep both sides guessing…plus they will not crash the market until Davos meeting is over…We have few thing lining up for beginning of February: Legatus, Chinese New Year and very likely bad job report (as seasonal retail is laid off)…$BDI still dropping, check out Faber of Bloomberg, he says commodities, emerging markets down 20-30%…I’m not a fan of his, but he was hilarious…Given China liquidity issues, I’d say they are approaching the crash…don’t forget the rest of the world is counting on China to bail everyone out…can you say panic!

    http://www.zerohedge.com/article/marc-fabers-most-provocative-interview-ever-compares-obama-prostitute-goes-long-treasurys

  • http://niftychartsandpatterns.blogspot.com anoopsan
  • richie

    hit the intraday FP…

  • richie

    red,

    i increased my short position

    • http://www.reddragonleo.com Red Dragon Leo

      I’m with you Richie! Now all we need is for Bernanke to do something stupid like raise the rates! Go Bennie, Go Bennie!

      • Jigsaw

        Raise the intrest rates and say good bye to any real estate recovery. Not that there was one to begin with….

        • http://www.reddragonleo.com Red Dragon Leo

          You never know “what” is going to cause the crash… only that something will start it. No one suspects anything but the usual “continue unchanged” policy, so a rise in interest rates would certainly surprise everyone. I don’t think it’s going to happen of course, but it’s still a possibility…. but small one.

  • http://www.reddragonleo.com Red Dragon Leo

    Wow, the first move up hit 129.54 spy, just one cent above the FP of 129.53 a few days ago, then back off a little. Now it looks like we are going for the next FP of 129.68 from this morning…. just hit it! LOL

    Funny though Dee, as I see 129.81 spy high in the pre-market, so maybe we go up a little more?

  • http://www.reddragonleo.com Red Dragon Leo

    I getting some February puts here gang, as if this isn’t the exact top, it’s very close. The 5 points down are safer puts, and the 10 points down are wildcard puts. To be safer, you can go out to March puts.

  • richie

    red,

    so we done now with any overhanging intraday upside FP?? i think we hit them all??? dee print this morning is to the downside – correct…?

  • http://www.reddragonleo.com Red Dragon Leo

    Wow! If this doesn’t wipe out the last bear I don’t know what will… this is brutal. Now let’s see if they are able to stay up here in the clouds the rest of the day? Some how I doubt it…

    • richie

      the angle of this move from yesterday 3pm to now is VERTICAL…..

      this short term move will fall down upon itself….

  • Diablos

    I still like my 1304 at 1pm. Pullback once 1300 is hit first. Also like the Double Dees print to be hit EOD tomorrow.

  • Double Dee

    DOW 12K – it is just not believable that it could just blow thru this key number without some serious resistance

    • Double Dee

      Ok this is better… maybe we just needed to breach 12K and almost 1300 on SnP to get our reversal… just a thought

  • richie

    spx hod so far is 1299.11 or 1(2+9 =11)9.11 or 111:911

    • Double Dee

      I’ve got HOD at 1299.34 on my platform
      Yahoo finance has 1299.22
      richie you are good at this – what would these numbers mean?

      • Double Dee

        1299.22 = 1+2=3, 3+9=12, 1+2=3+9=12, 1+2=3, 3+2=5, 5+2=7
        I know 7 is a significan number…

      • richie

        hmmm thats odd, because i have on my 1 min chart hod at 1299.11….either way – lets see if it holds first and then i will see what i can gather from those numbers

        • Double Dee

          I was mistaken when I said 1299.34… and my high was 1299.20 – what do you have for HOD

  • Anonymous

    it just melts on down when they stop pumping. you can believe they know this is it.

  • http://niftychartsandpatterns.blogspot.com anoopsan
  • Anonymous

    Soros on CnBS next…Red are you watching…LOL
    Gold steady down…
    Elites know they will get it much lower, when they crash the market…this crash will be their last chance to move dollar assets into gold (at “reasonable” price)…

  • ACP

    That was most likely the top in the Dow. Once the Euro dives, look out below!

  • richie

    so whats the consensus – are we going down to dee’s FP at 1282 on the spx??

    • http://www.reddragonleo.com Red Dragon Leo

      It wouldn’t shock me one bit if we hit 128.18 by the EOD. All of the short term charts are now very overbought, and we should head down throughout the rest of the day (except for the manipulation at 2pm).

      • ACP

        I think they’ll change the script a little this time…in Nov they were flat into the meeting, this time they bought up the market into the meeting…draw your own conclusions…

  • richie

    well dee, it looks like 1299.22 is the HOD so far….

    so 1(2+9=11)9.22 or 111:922 //// (22=11+11) so we get 111:911:11 this is as best as i can figure out…

  • ACP

    http://finance.yahoo.com/news/Obama-austerity-drive-gets-rb-1480992428.html?x=0&sec=topStories&pos=5&asset=&ccode=

    When is the last time you saw “Obama austerity” used? Never? What does a stronger dollar mean for the market? Hmmmmm, funny how commodities saw this one from a mile away……

  • Ceo

    Today is 9 11 11 11 day. 1 plus 8 2=1 plus 1 and 11 is 11.

  • richie

    LOL – this market script is hilarious……. the kind of hilarious that happens when you watch a REALLY bad movie – the kind with poor writing, poor directing, poor acting, and even poorer(is that a word) camera work – in fact it is soooo badly done it is FUNNY!!! well folks – i have that same feeling right now!!!! i am laughing so hard i am tearing up!! LOL….

    • richie

      either that, or i have lost grip with reality!! hahaa

      • ACP

        I think reality left town about 2 years ago……

  • http://myequitytrades.blogspot.com/ Jason_70

    Leo,
    Its been a while. Here’s another FP.

    http://lh6.ggpht.com/_nWni2LcWFe0/TUBcDuTzKVI/AAAAAAAAAJ0/IgPsKlGbC6s/s800/bac.png.jpg

    BAC to da moon. :-)

    • http://www.reddragonleo.com Red Dragon Leo

      Wow! I’m speechless…

      • richie

        BAC at 300 and GS at 13??? things that make you go “hmmmm”….

  • http://www.reddragonleo.com Red Dragon Leo

    New intraday FP of 129.16 spy at the 12:35 pm 5 minute candle.

  • jeff

    Rally until at least after the FOMC meeting today.

  • Ceo

    My broker who is one of the top three traders I have ever encountered, has been begging me to buy BAC. Begging me. Last time he begged this much, a stock went from bucks to 26.

    • richie

      we don’t know the timeline on that 300 FP. for all we know, BAC is nationalized, shareholders wiped out, the bad assets stripped from the bank and put in a resoultion trust, and the good assets are re IPO’d – and when the new BAC company is refloated and it sells for 300/share

      • ACP

        That must be when Madman Ben forces a default and everything is repriced overnight.

  • http://www.reddragonleo.com Red Dragon Leo

    We just got a second FP… same target!

  • http://www.reddragonleo.com Red Dragon Leo

    I think this FP of 129.18 could be the dropping spot right after the FOMC minutes are released. After that… who knows? Wild swings always happen after the meeting.

    • Ceo

      Well that is no big deal.

      • http://www.reddragonleo.com Red Dragon Leo

        True, but it could shake out a few people? I like the 128 FP better… :-)

  • http://www.reddragonleo.com Red Dragon Leo

    How about a good joke while we wait for “The Bearded ONE” to speak? It’s called…

    Little Johnny Sold Toothbrushes.
    _____________________________________

    The kids filed back into class Monday morning. They were
    very excited. Their weekend assignment was to sell something, then
    give a talk on productive salesmanship.

    Little Sally led off: “I sold girl scout cookies and I
    made $30,” she said proudly, “My sales approach was to appeal to the
    customer’s civil spirit and I credit that approach for my obvious
    success.”

    “Very good,” said the teacher.

    Little Jenny was next: “I sold magazines,” she said, “I
    made $45 and I explained to everyone that magazines would keep them up

    on current events.”

    “Very good, Jenny,” said the teacher..

    Eventually, it was Little Johnny’s turn. The teacher held

    her breath … Little Johnny walked to the front of the classroom and
    dumped a box full of cash on the teacher’s desk. “$2,467,” he said.
    “$2,467!” cried the teacher, “What in the world were you
    selling” ? Toothbrushes,” said Little Johnny.

    “Toothbrushes,” echoed the teacher, “How could you
    possibly sell enough tooth brushes to make that much money?”

    “I found the busiest corner in town,” said Little Johnny,

    “I set up a Dip & Chip stand, I gave everybody who walked by a free
    sample.”

    They all said the same thing, “Hey, this tastes like dog
    crap!”

    Then I would say, “It is dog crap. Wanna buy a
    toothbrush? I used the President Obama method of giving you something
    shitty, but looks good, for free, and then making you pay to get the
    bad taste out of your mouth.” The teacher was speechless. . . . . . .
    .
    Little Johnny got 5 stars for his efforts, bless his
    heart.

    • richie

      hilarious

  • Anonymous

    that was funny! by the way, good video last night!

  • http://www.reddragonleo.com Red Dragon Leo

    The first reaction after the FOMC meeting is usually the wrong one… so let’s hope it rallies up first!

    • Double Dee

      well it rallied up and heading down now – lets see where we go from here…..

  • richie

    remember – this whole charade has been scripted (prewritten)…..

  • http://www.reddragonleo.com Red Dragon Leo

    Good news (for bears)…

    “Federal Reserve Sees US Economy Improving But Not Enough to Change Stimulus Program (story developing)”

    Rally on… please!

  • ACP

    Goodbye Euro…see you at 1.30……

  • ACP

    Talk about “I don’t care who sees my illegal activities”.
    VIX is doing NOTHING while the criminals load up on futures.

    • Anonymous

      Vix has tanked. thats doing something

  • Anonymous

    I am getting motion sickness watching short term charts.

  • richie

    RED 1299.74 OMG….THAT IS IT!! I THINK………

    1(2+9=11)9.74 or 1119.74 and (7+4=11) or we get 111:911 that is the number!!!!

  • Double Dee

    Richie – Ive’ got 1299.77 for HOD – that has to mean something

    • richie

      dee check again…are you sure…i have 1299.74 – can anyone else out there confirm HOD??

  • Anonymous

    I would be very surprised if the bearded rat didnt make this close above 12K.

    • Double Dee

      how about 11999.99

      • Double Dee

        Everyone is holding their breath to see if it closes above 12K

      • Anonymous

        wouldnt look as nice in tonights headline. You can understand. This is our gift to dictator Obama and Ben. And thats weather we like it or not. I like your number better.

  • http://www.reddragonleo.com Red Dragon Leo

    I’ve got 1299.74 spx too.

  • Anonymous

    1299.74 on scottrade

  • richie

    THAT NUMBER IS TOO PERFECT TO BE TRUE 1299.74

    1 (2+9=11) 9 . 74 which is 1119.74 and (7+4=11) so we have those meaningful top of 1119.11 or 111:911 ahhhhhhhhhhhhhhhhhhh!

    • richie

      the TOP – i have my certainty ….. i feel vehclempt!!!

    • Double Dee

      Yes, I like that better! Now mine says 1299.75… lame

  • Ceo

    so far that train in that movie SEEMS unstoppable. Lol.

  • richie

    who else feels a last minute es mini dump of contracts in the last 5 minutes…..

    • Double Dee

      good call!

  • Ceo

    I will say this, if the markets go even a little big higher today. Its going to go on a long run. No resistance left. Yikes.

  • Ceo

    Tempted to go very short right now. I am probably being prompted by the mind email blasts they send out at market tops and bottoms.

  • Anonymous

    yes, great call Richie.

  • Anonymous

    I think this is a big blow to the bulls…….they could not close it above 12k. Will the Feds, less than good news, sink into the market tomorrow?

  • richie
  • ACP

    More irrational than irrational. NFLX up $15 on missed revenues and a “surge” in subscribers. A SURGE IN FREE SUBSCRIBERS!!! WTF??? Otherwise, they missed subsciber target by 200K! WTF is wrong with people??? The Fed’s got people convinced that nothing can possibly drop the market. JESUS CHRIST – please strike down the “Bernank” before he destroys the world and sends all of its souls to the deepest, darkest depths of HELL!!!

    • Anonymous

      I saw that too. Except when I looked it was only up $11 now it’s up $18.47.

      This is gonna get knocked down sooner or later. Reminds me of the dot com days…

      • http://zstock7.com/ zstock7

        wait till its at 258, that’s my short sell target. won’t get there this time, but at some point this year it will—dot com forever!

      • ACP

        Shows how much Mickey Mouse garbage is going on. My ARCA order book still has bid/ask at ~201, plus or minus a few pennies, which is a bunch of horseshiiiiiit. That’s gotta be the same guy painting the book. Thanks Ben, the stock market is now more corrupt than Al Capone’s 2nd hand furniture store.

  • http://zstock7.com/ zstock7

    14,000 + 100 = 14,100
    12,000 + 100 = 12,100

    • ACP

      Targets?

      • http://zstock7.com/ zstock7

        14,100 was the all time high and 12,100 should get some resistance, or be the top.

        • ACP

          You don’t think we’ll get a pullback before another push upward to 12.1 in late Feb or March?

          • http://zstock7.com/ zstock7

            i don’t know when the high gets put in. i’m having good results shorting individual issues, sort of.
            I have a $79 potential short on ESI
            http://zstock7.com/?p=4142
            I have a potential 81 short on XOM
            WYNN 120
            csx 71.4 target met.
            etc.

          • ACP

            Thx, just posted an interesting stat. Problem is, I’ve seen a couple situations that looked like distribution that didn’t mark a top. However, this time there was actually a run-up into the Fed meeting, so…I won’t make any hasty conclusions, but this looks promising for a top, hereabouts…

  • ACP
  • Diablos

    Another worthless prediction, SPX tops at 1308, noonish tomorrow.

    • Double Dee

      so that would be 1308 = 1(3+8=11) =111
      ask richie … must be significant
      who predicted?

      • Diablos

        Me. Sorry if it mislead.

  • http://twitter.com/2wires Robert

    Large Pomo and window dressing will rally the markets the next few days. Ride the wave fellas………..

  • http://niftychartsandpatterns.blogspot.com anoopsan
  • richie

    morning Y’all………… we all gonna make some profitable trades today?? can i get me an “AMEN”!!

  • richie

    red,

    Just to recount yesterday, we have two intraday FP – one at 129.10 and one at 128 and change???

  • http://www.reddragonleo.com Red Dragon Leo

    Yes, so I expect the 128.18 spy FP to be hit today (hopefully) or tomorrow. After that… who knows? If this is going to be the greatest crash ever, then they should take the longest time up here at the top chopping around before finally dying.

    • richie

      that’s why you enjoy each day as it happens – you just never know when it is gonna be your last! sometimes that train just sneaks up on you and “POW” – unstoppable! just like US debt levels!! LOL

    • Anonymous

      Was that unlucky 13(00) for S&P…
      Red I’ve seen you comments on Attila’s blog, good to see him on our side…I agree with him on China…Since China was suppose to bail out world, if the go down, do you think there will be panic?
      GL all…
      Action very reminiscent of April 2010…So many things are lining up to kick of fireworks Feb 4 or Feb 7th… Seem that we are heading for 1987 style crash, with no warning…

      • http://www.reddragonleo.com Red Dragon Leo

        …. and you know what is going on around that time period, right? Yes, it’s the annual gangsters meeting called “The Legatus Pilgrimage”, where the gang meets up prays to the devil (their Reptilian Alien Master), rapes and kills some innocent children (that they abducted of course), then eats their heart while it’s still beating.

        Then they go celebrate and laugh at us sheep, as they cash their checks (stolen from the poor sheep of course) at the secret Vatican Bank.

        Just in case you forgot, the Pilgrimage is this February 4th-6th… which sounds to me like they will release the Wikileaks news then.

        • Anonymous

          No…didn’t forget…
          Plus, astrologically bad after Feb 6th, very bad monthly job report on Feb 4th, China after their New Year…perfectly lines up with flash crash, we follow topping pattern of April 2010…Fun..I’m ready…I don’t trade on daily basis, all my puts are April to June…there won’t be many entrance points during “main event”, if we crash 1987 style…

  • http://niftychartsandpatterns.blogspot.com anoopsan
  • Muzzalee
  • richie

    red,

    i guess the market didnt get the ‘heads up’ on the 2 downside FP’s… who do we need to call to get this matter rectified! LOL

    • http://www.reddragonleo.com Red Dragon Leo

      LOL… yes, they aren’t obeying their own plan. It might not happen until tomorrow, as these prints can take several days to hit.

      • ACP

        On the bright side, some people have caught on to the dollar bashing the criminal banks are doing to pump stocks. I noticed they have started buying the dollar vs euro before US markets open, only for the criminal banks to buy it back up, making it much more expensive to pump the market.

  • Anonymous

    Pretty boring day so far.

    • http://www.reddragonleo.com Red Dragon Leo

      Yes… boring. I think the metals have an expiration date today for the “futures”. The “options” on them expired yesterday, so maybe will see some selling tomorrow after all the “pinning” is done.

      You know how they like to manipulate the price to a level that allows them to pay out as little as possible on the options and the futures contracts.

  • http://niftychartsandpatterns.blogspot.com anoopsan
    • http://zstock7.com/ zstock7

      i can’t get this chart, i can get SLV chart, are they the same?
      btw, I can’t leave comments at your site. I don’t have any of the accounts. any upgrades to that coming? Disqus increases traffic 300%…

  • Anonymous

    Sell off in Silver yet again.

  • ACP

    Yay-ah! Market dumped after POMO today…why? Because POMO was oversubscribed, showing that even will all the POMO so far, the idiot traders at the dumbass criminal banks somehow managed to box themselves into a corner where now they desperately need POMO just to stay afloat. I’m lovin’ it!

  • http://niftychartsandpatterns.blogspot.com anoopsan
  • Anonymous

    Must…resist…urge to buy NFLX puts.

    • http://twitter.com/skaps112 skaps112

      Yes i bought one. DONT

  • richie

    i dropped by the morgue today to identify the remains of ‘market volatility’……… so sad!! sob,

  • Anonymous

    Weird action on SPY 130 Puts.

    BID .40 ASK .41

    LAST 3 trades 0.69 0.68 0.71

    • ACP

      Nice.
      JP Morgan must be burning thru $1 billion an hour pumping the Euro. I wonder how long they intend to do this.

      • ACP

        Wow, $6-7 million a second pumping the euro to keep the market up. Impressive.

  • http://www.reddragonleo.com Red Dragon Leo

    Well, all this sideways garbage is just giving the bears more time to get short. That’s not good, as you know they don’t want them on the train when it heads south. That means they will likely pop this higher again, to do a stop sweep and clear out the bears.

    This will probably happen tomorrow or Monday based on the time needed to reset all the short term charts in bullish alignment again. The 60 is heading down and getting ready to cross below zero right now.

    If it does that the last hour of today, and the first few hours of tomorrow, then they could push this on up by the close of Friday… allowing for “nothing” to happen over the weekend, or “something” to happen?

    Either way, I’ll stay short into the weekend, as if “something” happens there won’t be any escape for the Bulls on Monday morning, and the bears will miss the train.

    I have no idea if it’s going to happen this coming Monday or not? They could chop sideways for another week, as the Legatus Pilgrimage is Feb 3rd-5th, so maybe it happens after that?

    Hard too say, but I’ll stay short until it happens. I’d like to see about 1313 spx by this Friday, as that would leave the door open for it happening this coming Monday, the 31st.

    If we sell off tomorrow some, then I doubt that it will happen this Monday. They have allowed too many bears on the the train right I believe, and they need to pop it higher first to clear them out.

    Maybe well close out Friday at 1312.12… boiling point (212). Or maybe that will be the high of the day, and the close will be 129.11 (or 129.99) on the spy? I’ll be looking for ritual numbers at the close, high, and low price on the spx, spy, dow, dia, etc…

    Keep you eye’s open for large FP’s folks… on all charts, as we will likely be given the level before it happens. The day before the flash crash Alphahorn caught this print and sent it too me (a few days later unfortunately)…

    http://reddragonleo.com/wp-content/uploads/2010/05/alphahorn-chart-premarket-1056-spx-before-05-06-2010-low.png

    That showed up around midnight EST, but many of you are in different time zones and might see another print like that when you are up and watching. Keep your eye’s on the DOW too, as very few people watch it… which means it’s a great place to throw out FP’s.

    • richie

      red,

      the problem with the pop up to clear out overhead stops is that it is way tooo obvious…. if after 22 months of almost exclusive bullish moves, (bar a few convenient and scripted collapses) a consolidating day like today before GDP release – would mean one thing (cover shorts)…. i think bullish sentiment has bulls “ALL IN” at this point – expecting the market under the supervision of the bernake put, to gap up over resistence and go well over 1300 tommorrow…. my gut is telling me – set up!! an expected bullish move that turns bearish……. again its just way to pavlovian obvious!!

    • http://zstock7.com/ zstock7

      monday is the last day of the month—85% of the time it’s a down day

      • http://twitter.com/2wires Robert

        Very true, seasonals are negative for Monday.

  • richie

    hey everybody,

    so whats the consensus??? gap up on GDP numbers tommorrow? gap down on GDP numbers? or more of the same???

    • http://www.reddragonleo.com Red Dragon Leo

      There has too be a stop sweep at some point… but I couldn’t tell you if it’s in the morning or at the EOD? From the looks of the charts, I’d say we go down in the morning and up into the close.

      • richie

        i agree – but on jan 26th at 3 pm to opening of 27th, we went from 1281 to 1299 in one vertical…that looked to me like a sweep…. but i guess 1300 is resistance (cough) so i guess you are correct….

        • http://zstock7.com/ zstock7

          GDP will miss, and the market will rally! This is getting old!

  • http://zstock7.com/ zstock7
  • Geccko23

    SP 1313 is 1087pts from 224.83 low of October 19,1987. Jan 31st is also 1207 (127) days from 10-11-07 high if one doesn’t include the 2008 leap year date. SP now making a new high at lower RSI but Nasdaq needs to make a new high while the Dow’s RSI is still too high.

  • Anonymous

    Dow is in a very bearish set up right now. financials holding up and nasdaq too and spx looks good. so….. hard to say. Well, its mixed. I hold a long overnight.

    • http://zstock7.com/ zstock7

      The dow is always in a bearish setup:)

      • Anonymous

        no kiddin. I noticed you took the hammer on gold. I’m kind of pissed that my computer speed has really slowed since setting up the disqus thing and signing up on here. I hit refresh or show comments and it now takes forever? this is why i hate blogging, thinking about stopping. you have a nice site though z.

        • http://zstock7.com/ zstock7

          Thanks zzb.
          I wonder why your computer slow’s down. too much cache info, here maybe.
          or logout of disqus and post as a guest, maybe.

          • http://zstock7.com/ zstock7

            maybe RED can install a guest picture, instead of that awful disqus default picture—I know red could have fun with that! I installed a go green symbol for my guest visitors.

        • ACP

          I use javascript sometimes (Disquis uses ajax & regular javascript), which gets REALLY sluggish when it has to refresh or spawn a huge amount of information like this. If there is an ability to limit visible posts to say 50 or 100 posts at a time, it would run/refresh a lot better.

      • Anonymous

        long before then with record gaps and divergances in play.

  • Anonymous

    the dow has a tweezer top formation and my macd settings are rolling over at the same time on it………doooooooooom. I hope!

  • ACP

    This will certainly be an interesting weekend…what with the stuff in Egypt. Especially since it’s adjacent to Israel. It will keep on going, country after country will fall, until a cache of weapons “disappears” and…well…you get the picture…

  • ACP

    There goes the euro, sold off again, forcing Criminal Bastard-mind Jamie Dimon to buy it back up tomorrow to bash the dollar and keep the market pumped. At least someone is enacting a little bit of vigilantism…

  • Anonymous
    • ACP

      Nice.

  • http://practicalt.blogspot.com/ Gold_Gerb

    no update video?
    hey, where’s the Standards!? ;-)
    what the heck, spread the SPX fibonacci fan love.
    http://tinypic.com/r/2my289h/7

    • Anonymous

      Here is your market update:

      The Dow Jones falls a massive 5 points and is considered oversold. It closes up 11.11.

      The S&P rallies on news that the snow is melting outside and that the groundhog may or may not see his shadow.

      NFLX CEO wants to know what kind of weed people are smoking to purchase his stock and where he can get some.

      Everyone who bought SPY CALLS and VXX puts is a winner as it has been for the last 5 months.

    • http://www.reddragonleo.com Red Dragon Leo

      Sorry about that Gerb… I’ve been busy with a few other things and didn’t see the need (or have the time) to do another video. I think today we’ll see some weaken as the 60 minute chart goes negative. But it looks like nothing much is going to happen until next week.

  • http://oahutrading.blogspot.com/ steveo77

    Overall I see nothing compelling. 2nd Chart, Doctor Copper is hinting down.

    EUR/USD – sloppy

    I feel like an EWI writer….”this ought to keep going up until it starts going down”

    Copper (aka Doctor Copper) Important Crossover, leaving one PRS channel and confirming the second new channel….Down!

    Golden Egg — I call them eggs, but really they are ellipses. They combine price and time in one tasty little package.

    GBP/ JPY has a very strong channel downward. I went back short last night and got pounded so to speak.

    http://oahutrading.blogspot.com/

  • http://niftychartsandpatterns.blogspot.com anoopsan
  • Demien

    Yo UP or not ;)

    • http://www.reddragonleo.com Red Dragon Leo

      Down for the day I believe Demien.

  • http://niftychartsandpatterns.blogspot.com anoopsan

    Dow Jones Futures chart

  • Diablos

    One last worthless prediction: http://screencast.com/t/Y49ayHdn0

  • Anonymous

    median control!!!!
    WTF…CNBC showing peaceful demonstrations in Albania as Cairo….OMG…OMG

    I’m watching Euronews…It’s like outright war in Cairo…OMG…

    (seen Albanian flags in the crowd)

  • http://niftychartsandpatterns.blogspot.com anoopsan
  • ACP

    Want to talk about control? No Nasdaq composite is available while Jamie Dimon and the Illegal Fraud & Manipulation Dream Team figures out how to pump the Nasdaq enough to offset any possible decline in the index.

    • Pzy5t0

      Never seen the Nasdaq unchanged for so a long period of time, over 10 minutes. Weird.

      • http://www.reddragonleo.com Red Dragon Leo

        Did you notice the close yesterday on the SPY? 129.99 LOL!

        • Pzy5t0

          Interesting!

  • richie

    red,

    some movement to the downside…. interesting.

    • http://www.reddragonleo.com Red Dragon Leo

      Yes… finally! Although I still think they will wait until next week sometime… before really tanking her.

      • richie

        well hopefully we hit those 2 FP’s to the downside (dees one being the lowest) by the EOD….. that would seem reasonable…

  • richie

    red,

    apple looks like it has fallen from the tree!!! i smell me some apple PIE for dessert!

  • richie

    downside picking up a bit of momentum?? interesting….. hmmm…

    • ACP

      I’d wait for at least 2 consecutive down closes. PLUS, BOM is always UP. Wait for what happens on Feb 1……

      • richie

        a,

        Based on the action/technicals of the daily VIX, the explosive move to catipult it out from a descending wedge (which has been forming since last april) appears to be upon us…..my expectations are for volume to pick up, as prices drop………..

        • richie

          lol …i meant to type “catapult”…sorry

          • ACP

            I hope free markets prevail………

  • http://www.reddragonleo.com Red Dragon Leo

    I think we will still go lower, after this bounce is done.

  • richie

    red,

    how is volume on this sell?? platform i use is having issues today….this looks impulsive – truly…i might end up surprising us all…. (cough).

    • http://www.reddragonleo.com Red Dragon Leo

      Volume is a little higher then normal… about 56 million right now. We could break 200 million “if” the selling continues throughout the “normally” dull time of the day. Either way, I think will might just see an “all down” day?

      • ACP

        As with every day in this “managed market”, we shall see. I think 2 down days in a row would really be the “tell”……

  • ACP

    Bye euro, remember what I told you, don’t talk to strangers. You can stop by at 1.34′s house if you want, but after that, go straight to 1.30…

  • http://www.reddragonleo.com Red Dragon Leo

    Gang, if we can break this blue line of rising support, she should fall hard. If not, then a bounce into the close is possible…

    http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID1926808&cmd=shows210784479&disp=P

  • richie

    red,

    today the incredible SUN is shining on the BEARS!! Gotta love the SUN!!

  • ACP

    According to the Ministry of Propaganda, CNBC, Nasdaq composite was unavailable as certain trading was halted, for example, Nasdaq minis.

    In other words, too many Nasdaq mini sell programs, which is NOT ALLOWED, according to Fed rules, so trading was SNUFFED.

  • http://www.reddragonleo.com Red Dragon Leo

    We are now resting right on that major support trendline. If she breaks, this will get ugly!

  • zzb

    Growth picks up 3.2%? I think the only “growth” is on the side of the dows neck! Pullback may be coming gang lol.

  • http://www.reddragonleo.com Red Dragon Leo

    I think we could get to that 128.10 FP that DeeDee caught yesterday.

    • ACP

      It’s a bird! It’s a plane! It’s…it’s…a BLACK SWAN!

      …ok…maybe wishful thinking…

  • richie

    ok red…

    breaking the trendline…FP here we come!

    • http://www.reddragonleo.com Red Dragon Leo

      It’s was 128.18 spy, not 128.10… my bad.

  • ACP

    Who mentioned that mr. topstep video with tim haefke? I remember he said, indications of interest told him that a correction would start somewhere between 1/28 and 2/8. Well, today is 1./28…

  • richie

    i know everyone is mesmerized by the market action – but my almost richie rich spidey senses are telling me we are at ‘the tipping’ point…. i could be wrong, but i must defer to the spidey senses….good luck y’all!

  • http://www.reddragonleo.com Red Dragon Leo

    We hit the FP and pierced through it. Based on the time of the day, and the charts, I think we have a bottom for today. While we could dip quickly a little more, I think we will roll back up some into the close. Not a lot, but higher then where we are now.

    • richie

      red,

      i dunno red,,,i agree the short term charts are all painting the look of a bounce – but it may just surprise us, and continue down to the 1270 area…. since the tptb can ignore the technicals on the way up, i think the same applies on the way down too….

      • http://www.reddragonleo.com Red Dragon Leo

        Maybe?

  • http://niftychartsandpatterns.blogspot.com anoopsan
  • http://practicalt.blogspot.com/ Gold_Gerb
  • http://www.reddragonleo.com Red Dragon Leo

    I just did a quick Friday Video Update. It should be done processing in about 5 minutes or so…. (just for Gold Gerb!)
    :-)

  • VM

    till a Monday we should go below 1257 or its will be first time unclosed gap of the mounth

  • VM

    2 month in row i mean

  • http://www.reddragonleo.com Red Dragon Leo

    Ok, it’s finished processing now. Refresh page for video update…

  • Mygitana

    Regarding the recent riots in Egypt, Tunisia, Algeria and most recent Jordan… Someone said in a prediction somewhere that all events will escalate much faster near 2012, I believe it was Terence McKena. And it does seem exponential increase if you look at year 2010 and just the begining of 2011:

    Riots
    2010
    March – Iran
    May- Greece, Thailand
    June- Toronto
    July- Ireland
    September – Spain, Turkey
    November – London
    December – Italy, London, Greece

    2011
    January: Palestine, Chile, Bangladesh, UK prisons , food riots in Tunisia, and Algeria, Egypt, Jordan

    Flood

    2010
    March- Rhode Island
    May- Tennessee
    June- West Virgina
    July – Iowa Lake Delhi
    August- Pakistan
    October- Thailand
    December – Rusia

    2011
    January : Brazil, Australia , Sri Lanka, Iowa big Sioux river

    • http://www.reddragonleo.com Red Dragon Leo

      Yes, 2012 is an important time period for TPTB. So they are stepping up their evil plans it seems.

  • Anonymous

    Red, check Atilla’s comments for Monday…

    • http://www.reddragonleo.com Red Dragon Leo

      Hmmm… I see that now. He must see something in the charts I missed? Maybe I’ve just been so conditioned to think that all bearish patterns fail and only bullish one’s work, that I’m seeing a bounce that isn’t coming?

      • Anonymous

        One thing I’ve learned is to listen to people of middle east: Taleb, of Black Swan, Lebanese…Carlos Slim, Mexican of Lebanese origin…I believe Atilla is Turk…unlike Jewish mafia, they share the knowledge with common man …when you build house on the crossroads, you develop sense for the underlining current, which may look like a calm water to others…personally, I now a lot of Armenian Lebanese that are savvy business man and women…very religious as well…

        Here is my question…would you buy VIX calls here?

        • http://www.reddragonleo.com Red Dragon Leo

          No, as they some how screw you on the upside (and downside) on those calls. I’ve heard too many people get the direction right, but not make any money. Don’t understand why, but it’s something to do with the way they price them.

  • http://niftychartsandpatterns.blogspot.com anoopsan
    • http://www.reddragonleo.com Red Dragon Leo

      Nice chart… that was the support line I was talking about in the video. If it breaks… it’s bad news for the bulls!

  • Anonymous

    Thank for reply on VIX Red…
    I’m all set up…all I care about is the slope of the sell off, need that DOW 8300 by March…If Atilla is right, it’s just about guaranteed (given China issues)…couple of Gann traders, thinking that we go lower that March 2009 by June, and that we turned corner for good…so 5 waves down, worse over by the end of March…

  • ACP

    Oops, I was waiting for this…here’s comes the euro PUMP. Let’s ee how much Criminal Mastermind Jamie Dimon pumps the euro to push the market back up…

  • ACP

    Anybody have $27 billion lying around to keep Jamie Dimon in check the last 15 minutes of trading?

  • http://www.reddragonleo.com Red Dragon Leo

    Gang, Atilla has a great track record for calling tops and bottoms, but he’s a little bit more longer term then me. I try to catch the intraday moves as well.

    With that said, we very well could crash on Monday to 1150-1200 as Atilla mentioned on his blog today. But, I still think we will go up some first, to put in a “wave 2 up”. Then once that is completed, either by the EOD today, or midday Monday, a wave 3 down should follow. It will be ugly!

    So, if you are already short, I’d stay that way! If we go back up to retest that blue trendline (in the video) then so be it… but the way afterwards will destroy the bulls.

    However, if we simply trade sideways to slightly up, then we could have another leg down into the close today? Hard too say, but one thing is for sure… “The Bears Are Back In Town”

    • richie

      cool, thanks red!!

      i agree with atilla – crash monday – perhaps event driven by something over the weekend… risk is to the downside….i also think we sell off hard into the close – as this will put the short term charts well into oversold territory. crashes tend to happen from oversold charts will play out – i think we should be looking for violent moves to the downside, rather than the last 22 months of failed bearish moves turned bullish….. the market is sick and fraud ridden and liqiudity dry…..there has been NO new money that has come into the market since july of ’10. It has been driven up on margin debt….this is a positive feedback loop once margin calls are made in an environment where everyone is running for the exits at the same time… (just thinking out loud)

      • ACP

        Let’s hope there are enough margin calls to keep the downward momentum going……

    • http://practicalt.blogspot.com/ Gold_Gerb

      thanks red.
      you didn’t fall into the sky is falling trap.
      best things for all is. “have a plan(s)”.

  • http://practicalt.blogspot.com/ Gold_Gerb

    500th comment.

    do I get a prize!?

    • http://www.reddragonleo.com Red Dragon Leo

      Who has 500 comments? I clicked on your handle and you have 7,581 comments?

    • richie

      yeah gold,

      i believe red said he was gonna give a CHECK for $500 bucks to the 500th comment — “AIN”T THAT RIGHT RED???”

      • http://www.reddragonleo.com Red Dragon Leo

        I send some monopoly money! Let me call my buddy Ben to see if he’ll print me some more.

  • Kbsclp

    I kinda agree with RED….I really don’t think the free-fall begins for another week or so…
    My analysis posted yesterday
    http://kbsctrading.blogspot.com/2011/01/jan-27-2101next-14-dayssymmetryfractals.html

    • richie

      k,
      i just know that the market has a tendancy to collapse to the downside when i LEAST expect it to, rather than when i calculate when is SHOULD…… preparation for the unexpected are the times we so live……just a thought…

    • http://www.reddragonleo.com Red Dragon Leo

      Do you think we will go up in the morning on Monday Kbsclp? …or crash down hard from the open? I think a bounce is still likely in the morning, then a sell off into the close.

      • Kbsclp

        IF we follow same path (as mentioned on my chart) then we should see 2 days up starting Monday….today would be same as 4/16/2010….which happened to be a Friday as well !! Just check out a daily chart starting 4/16/2010 and see the subsequent action…chop/chop for quite a few days….I mean BIG CHOP

        • http://zstock7.com/ zstock7

          spy support at 126.5, suggests one more down day on Monday.

          • ACP

            I agree – there’s no way to fix the futures before open, so it’s gotta pop after the market opens here on Monday.

  • http://zstock7.com/ zstock7

    Comment cleaner post please! taking 1.5 minutes for my computer to open this site! ( instead of 10 seconds) This site has disqus overload!
    qqqq under it’s 20 day, yay!

    • zzb

      I like your site Red, but I second this request?

    • http://www.reddragonleo.com Red Dragon Leo

      Yes, I agree…

      It has been slow in the past, so I cut back to one post a week, but it’s picked back up now. I’ll try to do another post at least every 100 comments.

      It’s Friday now, so I’ll just save this “comment cleaner” for the weekend post.

      • http://zstock7.com/ zstock7

        disqus can handle 250-300

        • http://www.reddragonleo.com Red Dragon Leo

          We are at 519 right now on this comment, but if you refresh the page you should only see “Showing 100 of 520″… not all 520.

      • http://zstock7.com/ zstock7

        disqus can handle 250-300

    • http://www.reddragonleo.com Red Dragon Leo

      Yes, I agree…

      It has been slow in the past, so I cut back to one post a week, but it’s picked back up now. I’ll try to do another post at least every 100 comments.

      It’s Friday now, so I’ll just save this “comment cleaner” for the weekend post.

  • http://www.reddragonleo.com Red Dragon Leo

    I’m going to have to agree with Kbsclp and my original thoughts that Monday we should bounce back up to clear out the first wave of amateur bears. How high… I don’t know?

    A crash is coming, but I don’t know if it happens on Monday or Tuesday… or later in the week. But the charts say a oversold rally is coming… at least Monday morning.

    • richie

      RED,

      you should seriously consider this ; “EXPECT THE UNEXPECTED”…

      you have been conditioned over the last 22 months to expect bullish responses from sell offs…… but when you least expect it – THAT is the TIME it will be DIFFERENT…. thinking out loud…

  • http://zstock7.com/ zstock7

    I am so tempted to go long Celg at 52, will wait for mid 50′s

  • zzb

    I’m getting sell signals for monday as well. if there is a bounce, I dont think it will be much. but, what do i know.

  • http://zstock7.com/ zstock7

    My OSG long up 6% today—eat that GS and BEN! FRO up 7%—- want to eat more? all my longs are up today, and all my shorts are down today—-go figure!

  • richie

    based on the short term oversold positive diverging charts – and based on the last 22 months of melt up, one would logically EXPECT a bounce come monday – VIRTUALLY EVERY CHARTIST IS SEEING THIS SAME THING – “EXPECT THE UNEXPECTED, FROM OVERSOLD CHARTS OF ANY TIME FRAME CAN COME CRASHES….” MY VOTE – RISK TO THE DOWNSIDE…

  • Cletusrenfro

    double FPs on the Qs — see that?

    • http://www.reddragonleo.com Red Dragon Leo

      No… what level?

  • omar

    fp after close for spy 130.33

    • http://www.reddragonleo.com Red Dragon Leo

      I see that… it likely a late fill, but it also could be the upside target? Hard too say? But I’d say it’s certainly a “directional” print… meaning we go up on Monday, at least in the morning.

      • ACP

        Do you really think so? HK & Europe will be selling into this Monday before our open. I would think it would open lower for a headfake, then pop when a bunch of rescue funds come in.

        Comments?

    • ACP

      I bet both of those are for Tuesday, Feb 1. BOM cash comes in.

    • Anonymous

      Right after close would be a settlement from earlier in the day (likely from the morning), you see them in biotech all the time…
      But low at the Dow close 11823

  • http://www.reddragonleo.com Red Dragon Leo

    Ok gang… I’m off for awhile. Have a good weekend.

  • http://niftychartsandpatterns.blogspot.com anoopsan
  • http://niftychartsandpatterns.blogspot.com anoopsan
  • http://zstock7.com/ zstock7

    Here are some entry and exit points for CEPH.
    http://zstock7.com/?p=4160#respond
    There’s also an op ed piece on food speculators.

  • http://www.reddragonleo.com Red Dragon Leo

    Weekend update is now up…