(to watch on youtube: http://www.youtube.com/watch?v=oE3Aioth94k )
(to watch on youtube: http://www.youtube.com/watch?v=NNxSbcpUxL8 )
After 3 weeks of tinkering around, fixing pages and plugin's to work properly, I've decided to do a Pre-Launch with what I've finished and work on it as I go. After all, it's what everyone does... launch it first, and fix the bugs later as they are discovered! So why should I be any different?
But before I go into that...
I need to let of a little steam. I've had one of those days where everything seemed to go wrong... I'm sure you've had one too! From the gout that's attacking me and making me hop around like I have a broken ankle to the flat tire and the 2 hour wait at Goodyear Tires to get it fixed... and then the added crap that I'll be working this Sunday (I usually take Sunday's off, and work various hours during the week because my schedule is flexible)... and finally the constant heat and rain that makes it even hotter when it finally stops, I'd say I'm pretty frustrated right now!
So forgive me if I start rambling on some tyrant about some subject that has nothing to do with the stock market. I'll eventually cover that subject too. (Besides that, I give you all week to read the post now, as I only do video updates to the weekend post instead of a new post every day). I have to remind myself from time to time that I started this blog to post my thoughts on the stock market, but fell down the rabbit hole and discovered the Reptilian Aliens as the ones' pulling the strings behind the curtains making the Wizard of Oz look real.
Now that I know that it's all just an Illusion, just like the word "Illuminati", I've gotten a better understanding of the game they play and how it shows up in the charts before hand... if you know how to read them properly? The news events are all timed perfectly with the charts, so they can panic you when the market is bottoming and get you to buy when it is topping.
While I'm not sure what will be said next week to ease the fear in the market, I do believe something will happen and allow the market to rally. How far is the question I can't answer, but I do see a rally attempt starting. If it plays out in an ABC move then the A wave up and B down could have next week ending about flat, slightly up, or slightly down. Then the following week would produce the C wave up and end the last week of the month with a nice positive close.
(to watch on youtube: http://www.youtube.com/watch?v=Z1NQHJSk29s )
The New Moon Matches Up With The Debt Ceiling Deadline...
This works out nicely with August 2nd debt ceiling deadline period as being the top in the market. I'm not sure if we are going to put in a new high (hitting my 138.86 SPY FP from March of this year), or a lower high... but my gut tells me it will go about the current high. Why you ask? Because that would surprise the most amount of people, and wipeout the last bear.
Then you would have to shock the market with some surprise news around the date of the debt ceiling vote. What could that be? I don't know? Maybe they will hint at the debt ceiling being a obvious necessity, that will surely be passed... and then they don't pass it? Or it could be some other economic event, like a larger country defaulting on it's debt? It doesn't matter what the news is, as we all know it's already planned and will happen anyway.
We just need to be prepared around that period. The New Moon is on July 30th (a Saturday), and the deadline is on August 2nd (a Tuesday). While these new moon cycles and full moon cycles are perfectly accurate (as to calling the tops and bottoms) they have been very close lately. As long as all the other cards line up in place (which I believe they do), this coming new moon should mark the next top... whatever it will be?
Jumping Back To My New Site StockMarketBloggers.com
Ok, I want to go over the new site I put up for everyone to join. It will be in a pre-launch testing period from now until maybe this time next month (about 30 days). After that, I plan to start marketing it on the Internet heavily (as well as this site too, so traffic should start to pick up here and you could see some new commenters). During this pre-launch period I will depend on everyone to give me their input so I can make changes to the site to improve it and make it as easy as possible for everyone to learn, navigate and post on.
It's a lot different then this site, as first... it's not just a "red pill taker" site, it's for everyone and focused exclusively on the stock market. Secondly, it's setup with a plugin called "BuddyPress" that is basically a simple "Social Network" where like minded people can discuss the market, promote their blog (if they have on?), make friends, etc...
There Is NO Other Site On The Internet Like It...
This site has a free chat page that is a great backup for when Disqus isn't working. While I'm sure it will slow down with a whole lot of people on it, (and frustrate everyone and myself too), it can still be fun and useful for those people that day trade and have been looking for a place to chat... that is still faster then Disqus.
Don't get me wrong, I'm not trying to replace the disqus system as I still use it and love it. It's great for what it's designed for, but if I had to compare it to something... it would be "email". Where as the chat page on this new site would be more like some "instant messaging program"... both have their purpose and need, which is why I installed it.
The posts on the blog are currently being pulled in with the RSS Feeds from the various bloggers we all know and love to read. Most are listed here in my blogroll, but I'll be adding more new feeds from new bloggers when they contact me and request to be promoted. I created this new site to promote all those bloggers that have great information but struggle to get traffic and comments to their blog.
Many aren't as lucky as I was, as some how I just got traffic (and comments) to this site by accident, as I focused on a niche that no one else was covering... "the dark side of trading", as in the Illuminati Reptilian Elite Gangster thieves that control, manipulate and run the stock market (hiding in their caves for fear that the sheep will wake up and go kick their ass!).
It was a subject that many were interested in, and I got some followers from it... p.s. I'm working on another site that is just exclusively for us "Red Pill Takers", but it's not finished yet. I'll let everyone know when it is, and we call all go deeper down the rabbit hole together (it's safer in a group anyway... LOL).
Back to StockMarketBloggers.com...
The BuddyPress Plugin has the ability to add a forum to it, so I did. While it's not as fancy as some forums, it's still a great place for "wannabee bloggers", (or bloggers with little traffic to their site) to start a forum thread (like a blog post) which could get them more well know in the blogsphere community and bring traffic back to their site (assuming they have one... if not, then maybe they will start one after gaining loyal followers?).
Anyway, I encourage everyone to go sign up at the site, browse around, join/or create a group.... and start a new thread in the forum (again, like creating a new post... but it sticks around for much longer as it doesn't scroll down to the bottom of the page like a old blog post does). Be sure to watch the introduction video in the header on the main page (also located on the page called "watch me first"), and then check out the FAQ's (video's) page, as that should tell you more about how to use the site.
Finally, On To The Market Next Week...
If all goes as planned the market should rally up on Monday and struggle, but eventually I see a nice wave A up to be put in with and expected top at either the resistance level of 1331 or 1340-1345 area (on the SPX), concluding probably by Wednesday (I give the latter the higher odds). Then a B wave down to put in a higher low with an expected target of around 1320-1325 area. That might be the close for the week on Friday or so?
Then the last week of July should produce a wave C up to make our new high (not positive on this, but I give this scenario the highest odds of a new high being hit before the August 2nd debt deadline). If so, then that week should be up very nicely, while this coming week should be choppy and possibly ending flat, with little gain or loss either way by this coming Friday.
By the way, the "very important" downward sloping trendling on the ES never did have a confirming break (2 days below it is needed to be a confirmed break, with the 2 day closing below the closing low of the first day). This trendline starts at the May 2nd closing high of 1352.25, connects at the June 1st closing high of 1307.50 and continues downward to present day.
There is a new downward sloping trendline (which I show you in my video) that connects the May 2nd high to the July 7th high of 1352.00 (closing level), and that level will become strong resistance to the market with the coming rally. Projecting it out 2 weeks into the future would put it around the high 1340's to low 1345 area... which is why I'm unsure if a new high will be put in or not?
I will be more focused on the time period it takes to reach that level of resistance, then the level itself. If the resistance is hit this coming week or early next, then it should pierce it and hit a new high (like the 138.86 SPY FP... or about 1388 SPX). If it makes its' first hit of the trendline on Friday the 29th of July, or Monday the 1st of August (the last trading day before and after the new moon on Saturday the 30th... a likely turn date in the market), then I think the trendline will hold the bulls back and NO high will be put in.
So, as you can see, it's never as simple as calling a date and price level for a top, but a combination of many things... which include the forecasted news, the charts of course, time to get there (as many have used "T" theory to estimate the next turn date), as well as Astrology (including moon cycles). Oh... and let's not forget the "manipulation factor" as we have too listen to the gangsters speak on TV as decipher their "buzz words".
Yes, when the Reptilian Illuminati Gangster Warren Buffet and his kissing cousin George Soros speak... I listen. After all, they tell you when the bottom and top is in... if you are listening closely? While I didn't heard either of the thieves speak Friday, I expect to hear something from one of them over the weekend or early next week. It should be something negative, indicating that the bottom is in... at least the "short term bottom". So, keep your eye's and ears open as I can't watch it all by myself... I do depend on all of you to help. 🙂
Ok, this post is long enough, so I'll end it here. Don't forget to go sign up at StockMarketBloggers.com, create a new group, and post a new thread. Please! Promote your blog there, as that's why I created it... for YOU! I don't really need a new site as I'm happy writing my deep dark posts right here on this blog... but I know many of you new bloggers (and old bloggers with not enough traffic) need a way to promote your stuff. That's why I did it... for you guys (and gals).