(to watch on youtube: http://www.youtube.com/watch?v=IFmQhQE3RC8)
So when is this bounce? Odd's favor the 1250 spx double bottom area...
(to watch on youtube: http://www.youtube.com/watch?v=bFF-48nBl3c)
While nothing happened over on 6-11-11 (which is a good thing), that doesn't mean the selling is over. Instead, it simply means that a crash isn't likely to happen next week, and a relief rally is. Remember, next week is option expiration, and you know how the gangsters like to steal the premium paid for those options by making them expire worthless. So the question is, are there more "puts" or "calls" set to expire this coming Friday?
I think you already know the answer to that one, but just in case you don't, take a look for yourself... http://bigcharts.marketwatch.com/quickchart/options.asp?sid=9864&symb=spy
Do you really believe the gangsters are going to pay out on 71,530 puts at the 127 spy strike price when there are only 4,935 calls? I seriously doubt it. While I do expect more selling on Monday, I also expect a rally the rest of the week... making the 130 spy puts and below expire worthless by Friday.
However, after this rally is done, I do expect the selling to continue soon after wards. This is only beginning I believe, not the ending and then resuming the P2 rally. In fact, it's highly likely the Primary Wave 2 (P2) has ended and we are now in P3. There are lots of technicals to support that theory, and other news related events too.
For one, there is the end of Quantitative Easing Two (QE2), which has an end date of June 30th (I believe that's the date?... I know it's this month). While I'm sure there will be a QE3 (not named that of course, but having the same effect), I don't see it happening until we go much lower in the stock market. Remember, these gangsters are heavily short right now, as they took the stolen money (several Trillion) that was frozen for 10 years after Osama Bin Laden's (Tim Osman) death in December, 2001 of kidney failure in a hospital in Minneapolis, Minnesota.
This was the money used to crash the silver market, and I really doubt that it's over with yet. The goal of the evil reptilian Illuminati gangsters is to make American's so poor that they can't afford to rebel against them. There is a whole lot more humans on this planet then reptilian shape-shifters (like George H. Bush, George W. Bush, David Rockefeller, Jay Rockefeller, Bill Clinton, Hillary Clinton, Henry Kissinger, Tony Blair, The Queen of England, and list goes on... ), which is why they feel us sheep waking up to the truth about the matrix we live in.
(to watch on youtube: http://www.youtube.com/watch?v=rWVPzQLKGbE&NR=1)
(to watch on youtube: http://www.youtube.com/watch?v=AFa57sY5FEA&NR=1)
(to watch on youtube: http://www.youtube.com/watch?v=Z74GOlNPYv8&NR=1)
And in this video, she names "names" of those that she's seen shape shift in these sick rituals...
(to watch on youtube: http://www.youtube.com/watch?v=fonXzDOm290&NR=1)
Each video above is only a short 10 minute section of a 3 hour interview of Arizona Wilder do by David Icke, and I've recently watched all of them twice now and I'm amazed at how many programmed people are now able to come out with the truth, and how sick these reptilians really are. Eating human's in ritual sacrifices, after terrorizing them and torturing them is not something everyone can easily believe. But none the less, this story seems too be the same with everyone that breaks free from the Illuminati.
When you think about the "End of the World 2012 Prophecy", it makes a lot of sense now as to "why" the greatest stock market crash in history is coming this year and next. After all, if these reptilians want to bring on their "New World Order" and enslave mankind even more then they already are doing, you have to break the spirit of the people by making them to poor to care about all the new laws that will be written to control us sheep in every aspect of our life.
(to watch on youtube: http://www.youtube.com/watch?v=2Q_2QD58IVo)
Therefore, I can only conclude that this fall will be the time period that the largest sell off of the stock market will occur. It should be a multiple of "wave 3's" in elliottwave terms, and not be seen again for a hundred years or more. In fact, it should be worst then the 1929 crash, so there really won't be anything in modern history to compare it too. This has been planned by these evil reptilian illuminati gangsters for a very, very long time.
Make no mistake about it... it's coming!
Regardless of whether or not the "white hats" (the good guys that want to free humanity and bring on a world of free energy devices and technology) succeed or fail, the crash is still destine to happen. Why? Because all the damage that has been done is irreversable now. The massive run in real estate, and crash that followed is going to take a very long time to find a bottom and start a recovery. There is still tons of "shadow inventory" that the banks still haven't put on the market for sale, as there already isn't enough buyers to bid up the prices of what's already on the market.
Then there is the massive printing of money that was used to hold up the stock market over the last 2 years. That has ended for now, and I don't see it starting back up again until either a time period that the gangsters want to (which will only be when everything has crashed, and they can buy up all the assets of America for pennies on the dollar). Even if the good guys win, they will simply start a new currency (maybe the "Treasury Note") that will be backed by gold, silver, oil, etc..., but this can't happen until after the crash.
As you can see, it's a "No Win Situation" for the Stock Market... It must Crash!
Let's not forget about all the derivatives that the reptilian gangster indebted America with. Guess what? They can't possibly be paid back. Some say they are over a $100 Trillion Dollars... yeah, kinda mind blowing huh! This means a crash is imminent, and can't be stopped... not by the bad guys, good guys, aliens or angels. Basically this tells me that the odds of the "Top" being put in for the year (and many years too come) are extremely likely now. I don't see any rally back up to the 138.86 spy FP now. It was likely a false FP, meant to mislead us sheep.
It's best to start looking for the downside FP's, as I'm sure a few of them are real one's, and will be hit. Besides that, many of the the FP's are at support level's anyway... which means that level should be a short term bouncing point for a relief rally to happen from.
As for this coming week, I still think we'll bounce for multiple days from the 1250 spx double bottom area. The charts are extremely bearish now, and bear squeeze is very overdue. This being an "OPX Week" gives it the highest odd's of happening. Plus, I think we set a new record for most consecutive number of weeks down in a row on the spx, with 2002 being the last time this happened. I expect to see many new records set this fall.
Common monthly turn dates are the 25th-27th...
I've stated previously that common monthly turn dates are the 25th-27th of most months. This happens a lot because it's the week after option expiration and the starting week of the next months' opx. This really leads more evidence to my thoughts that the market will rally next week, as I don't see this coming turn date period as being a bottom in the market. In most of the time periods in the past, it was a turn down in the market... and I expect the same thing this time.
This means we should have a 2 week rally, starting next week and ending by Friday the 24th... followed by another "more serious" move down in the market. I suspect this week to be a nice solid white candle close, with very little of a topping tail, and next week to be more like a doji or spinning top pattern... but still closing positive. Remember, the market rarely goes straight down, and 6 straight weeks down is pushing the limit right now.
While the market could go down to the 50 MA on the weekly chart, (coming in around 1226 spx), I don't see it happening next week. Again, the "put to call" ratio is at extremes right now, and with it being opx week, I don't see them allowing the bears to cash out with all that money they've made on this sell off. I think a bounce back up for 1-2 weeks first is coming, and then move lower toward the 200 MA on the weekly chart is more likely to happen. (That's about 1165 right now).
As far as the charts go, most of them don't support my speculation that the market will rally next week after a lower low on Monday (hitting the 1250 spx double bottom area). Only a few chart say that a turn is coming (but in those don't support it happening next week). Most charts still point to another red week happening, so just be aware that my forecast isn't 100% based on the charts this time. They are instead based on past history of other opx week's, extremely high bearish reading, number of weeks the market has been down in a row, turn dates later this month, full moon on Monday the 15th (putting in the low before the bounce), etc...
So all in all, I'd just conclude that if you are already short, and not in something that decay's with time, then just take the rest of the year off. While I'm sure there will be bounces along the way, the new trend is now DOWN... as planned and executed by the evil reptilian gangsters years ago. It's just a game that they play in this matrix we live in. Understand that, and getting the timing of the game is the key to winning in it. Well, maybe not winning, but at least not being one of those sacrificied and eaten.
Good luck as usual to all the humans, and to the reptilians out there... your time is near over on this planet, and I'll enjoy the day I can make a nice steak dinner out your flesh... and feed it to some random crows looking for something sick to eat.