Saturday, July 13, 2024

Unbelievable Week With More Insanity!

Crash You Son Of A Gun... CRASH!

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

The insanity continues day in and day out, as the bulls just keep on goring the bears with one thrust after another.  This has been one crazy week for me as my website was once again taken down... by whom, I don't know?  Repeated IP requests on the theme name forced me to change the theme.  Sorry if you guys and gals don't like it... I had to do it.

I'll work on prettying it up over time and hopefully everyone gets used too it.  It's a little wider then the previous theme, so I'll have too come up with a new header image (something dark and evil of course).  Just be patience with me, as I'll work through the bugs and learn the power and features of this new theme over time.

Ok, on to the market...

The market did go down early in the morning as I expected, and of course it floated back up the rest of the day like it was high on crack or something.  The same old B.S. happened as usual... big surprise, right?  As for tomorrow, history says it's a down day so maybe us bears might get to eat something?

The charts are once again overbought and ready to roll over... on all short term time frames!  Does that mean it will?  I doubt it, but hey... I just thought I'd throw that dart out there, and maybe I'll hit the bullseye?  (Of course I'm blind folded, turned around backwards, have both hands tied behind my back, with the dart in my mouth!).

So for now, I'll just keep it simple and use this post for a "comment cleaner" and do my bitching in the video.  Good luck as usual gang... both bulls and bears.  Thanks for your patience.

Red

Red
Author: Red

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Anna
13 years ago

TWILIGHT ZONE RED !!!!!!!!!!!

Red Dragon Leo
13 years ago
Reply to  Anna

Yeah Anna, it mind numbing!

dreadwin
13 years ago

What we need to see for the bear case is a breakdown and back-test of the rising wedge. The wedge runs out of time on Tuesday, so it has to happen soon.

There is a slight chance it could break *up*, which ordinarily I’d say would be unbelievable, but, you know…

Anna
13 years ago
Reply to  dreadwin

YEP sure do dread 🙂

Anna
13 years ago
Reply to  dreadwin

YEP sure do dread 🙂

Red Dragon Leo
13 years ago
Reply to  dreadwin

There is NO “Down”… only “UP”. Go right that on the chalk 500 times now please! LOL

Red Dragon Leo
13 years ago
Reply to  dreadwin

There is NO “Down”… only “UP”. Go right that on the chalk 500 times now please! LOL

Gold_Gerb
13 years ago

ho ho.
the comments section is up.

Red Dragon Leo
13 years ago
Reply to  Gold_Gerb

Yeah, the gangsters are leaving me along today… let’s hope it stays that way!

Gold_Gerb
13 years ago
Reply to  Red Dragon Leo

keep your web page simple like google, not like yahoo.
less bells and whistles = reliability, si?

Gold_Gerb
13 years ago
Reply to  Gold_Gerb

ps, I have to hide the ad girls at work! hehe

Red Dragon Leo
13 years ago
Reply to  Gold_Gerb

Oh… sorry, I didn’t know that’s what would show up? It’s an ad network called Adbrite. I may have to change that a bit too, as it’s tacky, and not really relevant to this blog.

Gold_Gerb
13 years ago
Reply to  Red Dragon Leo

appreciated. no biggie for me.
i’d check after hours regardless.

Anonymous
Anonymous
13 years ago
Reply to  Gold_Gerb

You mean the hot, young Russian girls who are looking just for you, right?

Gold_Gerb
13 years ago
Reply to  Anonymous

maybe. are they into fur?
hehe.

Anonymous
Anonymous
13 years ago
Reply to  Gold_Gerb

Probably not…they weren’t even around back in the 70s…
😉

Red Dragon Leo
13 years ago
Reply to  Anonymous

Isn’t the 70’s back in style now? What’s old is new again…

Anonymous
Anonymous
13 years ago
Reply to  Red Dragon Leo

You know what, that’s probably the case – hell they even threw in the INFLATION to boot!

Red Dragon Leo
13 years ago
Reply to  Anonymous

Isn’t the 70’s back in style now? What’s old is new again…

Red Dragon Leo
13 years ago
Reply to  Anonymous

Isn’t the 70’s back in style now? What’s old is new again…

Red Dragon Leo
13 years ago
Reply to  Anonymous

LOL… just looking for you ACP! You hound dog you…

Anonymous
Anonymous
13 years ago
Reply to  Red Dragon Leo

For the first time in a long while, I was irritated that a site was down! Ha!

Red Dragon Leo
13 years ago
Reply to  Anonymous

Me too… I was jones’ng to chat with everyone!

Red Dragon Leo
13 years ago
Reply to  Gold_Gerb

It started off simple in the beginning, but grew to include more stuff over time. Mainly all the links I’ve added. But the ad’s are of course there to help pay for the hosting, as that increasing along with the blogs’ popularity.

Gold_Gerb
13 years ago
Reply to  Red Dragon Leo

hey, my single SPY is up 40 cents.
let’s see what tomorrow brings.
😉

Red Dragon Leo
13 years ago
Reply to  Gold_Gerb

Must be a call option, as my puts are underwater…

Gold_Gerb
13 years ago
Reply to  Red Dragon Leo

no. PURE ETF.
hahaha.

(i’ve been raped on options, dam comissions & theta burn)

Pretending2fail
13 years ago
Reply to  Gold_Gerb

I like to trade options intraday. For me it is safer..

Pretending2fail
13 years ago
Reply to  Gold_Gerb

I like to trade options intraday. For me it is safer..

Pretending2fail
13 years ago
Reply to  Gold_Gerb

Hey Gerb. You only need 19.60ish (depending) to break even! (Wait those pesky dividends..)

Gold_Gerb
13 years ago

you are a smart man.
I’m taking one ‘for the team’.
hehe

Red Dragon Leo
13 years ago

Here’s something funny… I have this open in two windows right now. One is with FireFox and the other is Safari. The one in Safari has the “Hot Russian Babe” banner, and the one in FireFox has “ChristianMingle com” banner! LOL

Anonymous
Anonymous
13 years ago
Reply to  Red Dragon Leo

Nice

Pretending2fail
13 years ago
Reply to  Red Dragon Leo

I just get a cute asian chick trying to sell me Credit Cards….

Red Dragon Leo
13 years ago

Keep refreshing the page and you’ll get the hot russian babe…

zstock7
13 years ago

WYNN fundamentals suggest second leg higher 136…

Anonymous
Anonymous
13 years ago
Reply to  zstock7

What do you think about next week? Maybe a small correction before the BIG KAHUNA run-up & subsequent crash?

zstock7
13 years ago

been at anna’s crying the blues, where’s red! the white hats got him.

Red Dragon Leo
13 years ago
Reply to  zstock7

LOL… all the bears are crying the blues!

jeff pierce
13 years ago

love the redesign red! very nice.

Red Dragon Leo
13 years ago
Reply to  jeff pierce

Thanks Jeff… I’ll be tweaking it over the coming days and weeks. It’s a cleaner look I believe. But I need to create a new header image, which takes time. I’ll get it thou…

Anonymous
Anonymous
13 years ago

OK, so here’s something that will eventually have an effect…

http://www.zerohedge.com/article/europe-locks-out-sp-rating-agency-converts-all-key-european-ratings-unsolicited

Irish (and soon all European) banks PRINTING THEIR OWN MONEY to exchange for ECB cash. Sweet! I need to go along with the ‘American Picker’ folks and find myself a good ol’ fashioned printing press so’s I can make my own money too!

Anonymous
Anonymous
13 years ago

Red…glad to see you are back. My first thoughts were “is he pissing somebody off by getting too close to the truth?” Regardless, welcome back.

Red Dragon Leo
13 years ago
Reply to  Anonymous

Thanks LukeGolf… I’m glad to be back. I missed talking to everyone.

Robert
13 years ago

China raises interests rates by .50 basis points. Mideast turmoil, if we don’t get a pullback here we never will.

Anonymous
Anonymous
13 years ago
Reply to  Robert

Futures are not caring

Anonymous
Anonymous
13 years ago

just realized, market is closed monday.

katzo7
katzo7
13 years ago

Pressure is to the upside, don’t fight it. Tgt is 1345 ES imo.

Anonymous
Anonymous
13 years ago

Hey Red, how are you enjoying your freedom of expression and free speech. lol. god bless you. you must be doing a good job, because it’s getting their attention.

Red Dragon Leo
13 years ago

Hey gang, isn’t today the 18th? Look at these two article and notice the date on them…

http://online.wsj.com/article/SB10001424052748704657704576149550095264750.html

http://online.wsj.com/article/SB10001424052748703787304575074654273694646.html

It’s not the 19th in Europe right now is it? I found these early this morning. Is this the future?

Anonymous
Anonymous
13 years ago
Reply to  Red Dragon Leo

I don’t understand what you are saying – they are both dated yesterday the 17th in the afternoon.

Red Dragon Leo
13 years ago
Reply to  Anonymous

No, the 2nd link is dated for the 19th… don’t you see it? It’s above the word’s “European Stocks Gain For Fifth Day “. Look again…

http://online.wsj.com/article/SB10001424052748703787304575074654273694646.html

Anonymous
Anonymous
13 years ago
Reply to  Red Dragon Leo

Ok I see it now but I swear I looked at both and they both said the 17th – I am totally losing it!

Anonymous
Anonymous
13 years ago
Reply to  Anonymous

The very first link says the 17th, the 2nd one says 19th.

Anonymous
Anonymous
13 years ago
Reply to  Red Dragon Leo

Ok I see it now but I swear I looked at both and they both said the 17th – I am totally losing it!

Anonymous
Anonymous
13 years ago
Reply to  Red Dragon Leo

Ok I see it now but I swear I looked at both and they both said the 17th – I am totally losing it!

Anonymous
Anonymous
13 years ago
Reply to  Red Dragon Leo

Ok I see it now but I swear I looked at both and they both said the 17th – I am totally losing it!

Red Dragon Leo
13 years ago

One more thing… dziemer emailed me and told me that he seen a FP of 12,379.22 on the Dow. I don’t have a screen shot, but maybe that’s our upside target today as going down is forbidden.

Red Dragon Leo
13 years ago
Reply to  Anonymous

Figures… you know the gangsters aren’t going to shutdown real child porn sites, as that’s probably where they find children to abduct for their sick rital sacrifices. Bastards!

Yeah, target the sites that tell the truth and distribute stuff for free don’t you? Oh no, we can’t have people getting free stuff, as that would unchain them from the monetary debt cage.

Red Dragon Leo
13 years ago

Ok, here’s what I’m seeing…
comment image

Notice the date says the 19th?

Red Dragon Leo
13 years ago

Ok, here’s what I’m seeing…
comment image

Notice the date says the 19th?

Red Dragon Leo
13 years ago

New intraday FP alert… 135.14 spy!
comment image

Gold_Gerb
13 years ago
Reply to  Red Dragon Leo

dam, yer fast.
beat me to it.
(confirmed).

Red Dragon Leo
13 years ago
Reply to  Gold_Gerb

Two pairs of eyes are better then one… you can post the next FP GG! LOL

Red Dragon Leo
13 years ago

New intraday FP alert… 135.14 spy!
comment image

Red Dragon Leo
13 years ago

New intraday FP alert… 135.14 spy!
comment image

Red Dragon Leo
13 years ago

New intraday FP alert… 135.14 spy!
comment image

Gold_Gerb
13 years ago

Rheumatoid arthritis ads? can we have the russian girls back?
teehee.

Anonymous
Anonymous
13 years ago
Reply to  Gold_Gerb

Yeah, that’s a pretty broad audience!

Gold_Gerb
13 years ago
Reply to  Anonymous

broad? was that a pun?
😉

katzo7
katzo7
13 years ago

huge numbers on the ES DOM

Red Dragon Leo
13 years ago
Reply to  katzo7

Explain… bullish or bearish?

katzo7
katzo7
13 years ago
Reply to  Red Dragon Leo

means big volatility coming up imo

Red Dragon Leo
13 years ago
Reply to  katzo7

Ok… thanks!

katzo7
katzo7
13 years ago
Reply to  Red Dragon Leo

cannot tell if bullish or bearish, could spike up to 1340-1. A good break of 37 is ST bearish.

Anonymous
Anonymous
13 years ago
Reply to  katzo7

Nice. Also big put vol on 1300, 1330 and 1340 yesterday…

katzo7
katzo7
13 years ago

Red, I just got perhaps a better number 1342.50 as a tgt.

Red Dragon Leo
13 years ago
Reply to  katzo7

Well, dziemer seen a FP of 12,379.22 on the DOW, and we also have this new FP of 135.14 spy, so I’d say we go to at least 1342.50… or higher.

Kevin
13 years ago

Unions crying about concessions on statehouse lawns and our governmet throwing money at the banks to manipulate the stock and Bond market. Seems to me the anger is being vented at the wrong level of government, but that’s just my opinion…

Wake me up when there’s some volume to the downside. I think I’ll hibernate for awhile…

Red Dragon Leo
13 years ago
Reply to  Kevin

It’s not likely to have any volume today, that’s for sure! With that overhead intraday FP that showed up this morning, I’d say we go up… not down.

katzo7
katzo7
13 years ago

final spike to 1342 coming up altho they could double top it on the 15

Pretending2fail
13 years ago

Hey Leo. Did you see how WSJ had an article about the same time last year, with the SAME headline? “European stocks rise 5 days in a row” last year of the 19th, this year on the 17th. Something smells fishy. I posted this on Seekers blog.

Pretending2fail
13 years ago

“European stocks gain for fifth day” if you google that… You’ll find the full articles

Red Dragon Leo
13 years ago

Yes… that’s where I found it! Cool, so you were the one posting it on Seekers blog? That’s great… I like his blog! Lot’s of good stuff there.

Pretending2fail
13 years ago
Reply to  Red Dragon Leo

Yea I am a frustrated bear. Thus the handles lol. “Nevergoingdown” sigh I digress

Red Dragon Leo
13 years ago

LOL… join the club! I’d say most of the readers here on this blog are frustrated bears.

katzo7
katzo7
13 years ago

just saw something, on my price clusters there is nothing between ES 1342 and 50. Careful shorting.

Pretending2fail
13 years ago

Was even the SAME author!

Anonymous
Anonymous
13 years ago

Silver surpassed $32 easy.

Kevin
13 years ago

Not even option X can stop this melt. Every single bear will be dead in the woods. Maybe the bulls will have to turn their swords on each other then.

Robert
13 years ago

Odds are favorable for a lower close….overbought into OPX does not fare well for the bulls. Close should be interesting.

Red Dragon Leo
13 years ago
Reply to  Robert

What do you make of that upside FP of 134.15? It could be the closing price today?

Red Dragon Leo
13 years ago
Reply to  Red Dragon Leo

I meant 135.14…. duh! (typing too fast… 10 words a minute)

Pretending2fail
13 years ago
Reply to  Red Dragon Leo

If that happens, lord have mercy! Now that would be a blowoff!

Red Dragon Leo
13 years ago

I got is this morning…
comment image

Robert
13 years ago
Reply to  Red Dragon Leo

S/P has closed negative 16 out of the last 19 Feb OPX days. I like those odds…..only time will tell. g.l.

Red Dragon Leo
13 years ago
Reply to  Robert

You got my email address Robert… use it sometime. 🙂

Anonymous
Anonymous
13 years ago

Kudlow just called Bernanke the “Bernank”. Wonder if he’s become a closet blogosphereophile.

Pretending2fail
13 years ago
Reply to  Anonymous

Wait for them to start calling out THE William Dudley ; – )

Red Dragon Leo
13 years ago
Reply to  Anonymous

All Hail “The Bernank”!

Anna
13 years ago

ES target 1342
hotoptionbabe.com

Red Dragon Leo
13 years ago
Reply to  Anna

I wonder if that matches up with that 135.14 spy FP? Probably pretty close…

Anna
13 years ago
Reply to  Red Dragon Leo

yes 🙂

Anonymous
Anonymous
13 years ago
Reply to  Anna

Q’s just hit the FP from this morning, before the open. Should be able to see it on thinkorswim.

Anna
13 years ago
Reply to  Anonymous

HI ACP thank you yes!

katzo7
katzo7
13 years ago

cooling fan just speeded up on my puter, pop coming

Anna
13 years ago

theres my 1390 call on gold 🙂

Pretending2fail
13 years ago

European shares mostly traded down today.

katzo7
katzo7
13 years ago

out of my long ES at 42.25

Gold_Gerb
13 years ago

SPY false print to the downside!
we ignore those right?

Red Dragon Leo
13 years ago
Reply to  Gold_Gerb

LOL… yes, I see it! But it’s outlawed GG… only upside FP’s are valid.

Gold_Gerb
13 years ago
Reply to  Red Dragon Leo

I have SPY 134.61 as a yearly pivot.
let’s see if it camps here for today.
OpX friday bore, or surprise?

Red Dragon Leo
13 years ago

It’s a beautiful day here in Florida… just the right temperature. I’ve got the doors open and the windows too! A perfect 73 degrees… not too hot or cold. So if I disappear today, I fell asleep in the hammock. (That’s my story and I’m sticking too it!)

katzo7
katzo7
13 years ago
Reply to  Red Dragon Leo

lol

Gold_Gerb
13 years ago
Reply to  Red Dragon Leo

60 here, rain tonight.
dam those low pressure headaches.

Kevin
13 years ago

Cooling fan not doing anything on mine yet…

LOL!

Anna
13 years ago
Reply to  Kevin

ahahhahah

Anna
13 years ago
Reply to  Kevin

ahahhahah

Anonymous
Anonymous
13 years ago

hi i am new here this looks like buy the dip contunues and big ben isout of control but stay long here

Red Dragon Leo
13 years ago
Reply to  Anonymous

Well Bullgirl, you should be safe up to the intraday FP of 135.14 spy, as I expect it too be hit today.

Gold_Gerb
13 years ago
Reply to  Red Dragon Leo

ding ding ding!
give that man a cigar.

Red Dragon Leo
13 years ago
Reply to  Anonymous

Well Bullgirl, you should be safe up to the intraday FP of 135.14 spy, as I expect it too be hit today.

Red Dragon Leo
13 years ago
Reply to  Anonymous

Well Bullgirl, you should be safe up to the intraday FP of 135.14 spy, as I expect it too be hit today.

Red Dragon Leo
13 years ago
Reply to  Anonymous

Well Bullgirl, you should be safe up to the intraday FP of 135.14 spy, as I expect it too be hit today.

katzo7
katzo7
13 years ago

possible drop to 37.75 to 39 coming up, has to start to happen within 1/2 hr.

katzo7
katzo7
13 years ago

possible drop to 37.75 to 39 coming up, has to start to happen within 1/2 hr.

Anonymous
Anonymous
13 years ago

Something to keep an eye on:

http://www.dailyfx.com/forex/market_alert/2011/02/18/Euro_Regains_Footing_on_ECB_Comments.html

Euro was poised for a drop until some ECB dufus decided to “talk” the Euro up. Silver POPPING!

Anonymous
Anonymous
13 years ago

Something to keep an eye on:

http://www.dailyfx.com/forex/market_alert/2011/02/18/Euro_Regains_Footing_on_ECB_Comments.html

Euro was poised for a drop until some ECB dufus decided to “talk” the Euro up. Silver POPPING!

spot_img

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