(to watch on youtube: http://www.youtube.com/watch?v=NggRkt3-odk)
Once again the Illuminati tell us in advance what they plan to do to us sheep before they do it!
(to watch on youtube: http://www.youtube.com/watch?v=k3ZotVlwcEg)
What Changed The Direction of Irene? Microwaving? Watch and See
Fortunately, Irene didn't do the damage they wanted it to... yet! Over the next few days (to weeks) we'll find out the real damage (flooding will continue for several days) in financial terms and then how the stock market reacts to it. I'm not sure what the evil plan was here by the Illuminati Gangster Cabal, other then to distract us sheep from the stock market meltdown we've been having lately. I'm sure there's other reasons too, but I don't know what they are currently.
This makes forecasting the market next week very difficult as the charts are slowly turning bullish, but the economy is still in a disaster mode. Of course we aren't supposed too trade off the news, as that's already factored into the charts... so they say. But we know that the financial cost of this HAARP made Hurricane will eventually be felt on Wall Street... the "when" part is the question.
Looking at the charts I see the same thing everyone else does... a "pennant" or triangle pattern that's formed on almost all of the indexes. Which way it breaks is unknown, as the odds of it being a "continuation pennant" (meaning down, as that's what we've been doing for the last month) aren't that much greater then a breakout to the upside. So, you can't make a bet based on the odds from a triangle pennant pattern as you had might as well toss a coin in the air and call out heads or tails.
Some important things to note here are the fact that this will be the last week in August and the current price of almost all of the indexes are currently hovering around the 50ma and 20ma on their month charts. It looks like the gangsters are trying really hard to close out the month around these important support levels, which tells me that next week isn't likely to tank hard like so many people are expecting it to.
The 200ma just happens to be at 1102 spx, which was basically where the market bottomed at earlier this month and bounced back up from. On the weekly chart we have the 200ma at 1152 spx, and again I think that's why we rallied this last week as they didn't want 2 weeks in a row closing below that level as that would confirm that it had officially broken down and would turn from support to resistance. Failure to break through this level by the bears gives the bulls a chance to take the helm for awhile and rally back up.
How high you ask?
No more then the 1260 spx level would be my best guess. Why? Because the 50ma on the weekly chart is about 1265 right now and the 20ma is turning down toward it and should cross it within a few weeks. Also, the double bottoms from March and June come in around that same area. That area will be critical for the bears to hold and stop the bulls from crossing. So, do I think they will succeed? Yes, as the longer term monthly charts is still very bears and will support the bears this go around.
Add in all the stuff that's going on with the economy and how the evil cabal is slowly loosing control and you have the makings of another huge leg down in the stock market after this rally is finished. In this recent interview with Benjamin Fulford by Jeff Rense, Ben states the following...
(to watch on youtube: http://www.youtube.com/watch?v=LqOQ9lfoS5k)
- Not confirmed, but 3 different sources stated to Ben Fulford that the earthquake recently was an attack on hidden military facilities that was controlled be the CIA faction which is run by the Illuminati Gangsters that I always speak of.
- It was an unusual "one in a hundred" year earthquake. It went off close to some of those secret underground bases. These bases are controlled by the Zionist thugs like the Rockefellers and Rothschilds.
- There is a battle between the factions that control the printing of money in the US, which means that someone wants to stop the mass printing while others want to continue printing. One side will win out and both outcomes will be horrible.
- The Euro will default at some point in the near future. (But in the end the financial system will be reset as a new better world without the evil cabal will come into existence and the "free" energy technology that's been suppressed by them will become available).
Looks to me like the Fed's are losing control, as there ability keep the stock market up with funny money the gangsters fight among each other for control. If they don't agree together then the money tree will be cut off and the market will crash. Of course we already know that's the plan anyway, as they have repeatedly told us with that 34.65 SPY FP from the first of this year and again a few weeks back.
Maybe it's Obama that's trying to keep the money printing going so the economy doesn't collapse during his term. After all, that wouldn't be good for his chance of re-election next year. On the other hand I suspect you have the Elite gangsters like the Rockefellers, the Bushes, Soro's and Buffet who want a crash in the market and the economy so they can steal it all at pennies on the dollars?
How ever the different factions of the Illuminati gangsters divide, it still seems that whichever one of them that's manipulating the stock market still seems too be in full control of it. With that said, I still think they will take this market down to their planned low print within the next year or so. Since Lindsey Williams has stated repeatedly about how the 2012 timeline is extremely important to these elite gangsters I would suspect that they will try to hit that FP before that year ends. Remember, they also want oil up to $200.00 per barrel by the end of 2012... which could happen it they cut off the pipelines in the middle east by some planned war. Since it will likely be proceeded by another False Flag event to start that war, that event itself could be the thing that causes the stock market to continue it's crash. Let's hope these gangsters fail with this evil plan.
Back to the short term...
Monday looks to have light volume as many traders will likely gone due to Hurricane Irene (also, the staff is expected to be light on Wall Street according to CNBC). We all know that light volume usually favors the bulls, which again leads me to believe that the breakout of the triangle will likely be to the upside before the week ends. Other things also support and upside breakout too. The weekly chart is turning back up on the Full Stochastic from hitting the 20 level. The daily chart is also pointing back up from an extremely oversold level around -40 or so on the MACD's. The 60 minute chart has a bull flag on it and could go a little higher before rolling back down.
This all supports the previous video I did last week that we could have an ABC move up for this 4th wave. Of course we could also be in major wave 2 up if the 5th wave down (inside major wave 1 down) has already completed as a "truncated" 5th wave. The Dow Transports already had a lower low on the 22nd-23rd period, while other indexes had an equal low (or slightly higher low in the case of the spx). Since these indexes usually move in tandem with each other I'd find it hard to see a 5th wave down on the SPX happen without having the Dow Transports going lower too. This would really mess up the wave count and not make sense at all.
So, with all the evidence I'm seeing now I think we will start major wave 2 up next week and try to make a run for that 1260 spx area. Will it get that high, or just fall short around 1240 or so is anyone's guess? I only believe that the gangsters will do everything in their power to hold the market up above the critical moving average levels I spoke of earlier for the weekly and monthly charts. Once September starts they can continue to tank the market if they choose to do so? I still see the week of October 23rd as major turn date, and I think it will be to the downside. But I don't know what the wave count will be, only that I expect it to be multitudes of "wave 3's"... making it one huge crash period!
If we have that major wave 2 up next week, then we should start the first subwave of major wave 3 down in early September. It does look like that could happen as even though the Full STO's are turning back up on the weekly chart there still isn't any positive divergence on the MACD Histogram bars. That means a lower low is almost certainly guaranteed to happen. Of course the monthly chart pointing straight down to also supports that forecast, and lowers the odds of "this time is different" happening.
Looking back in the past it is extremely rare that you see any move up happen without forming a positive divergence and going lower on the market when the next larger time frame chart is extremely bearish like the monthly chart currently is this time around. Could it happen this time? Sure, as I seen pigs fly last year, so anything is possible... but it's highly unlikely this go around. Everyone knows that QE2 was the only thing that turned the impossible around last year and stopped it from crashing in April-July 2010 when it should have, but QE3 isn't going to stop it this time!
You can only defy gravity for so long before you eventually hit the ground hard...
As far as I can see the weekly chart is just now going below the zero level on the MACD's and could easily go to the -100 level again before turning back up hard for a really strong rally. By then the market could be below the March 2009 levels and the month MACD's could be at -40 or so. Anyway you look at it, this rally isn't the start of some new bull move that will take out this years' high... it's not going to happen folks! Just a "Dead Bull Bounce"... nothing more, nothing less!
This Irene thing will likely divert attention away from the stock market this week and many traders could simply not show up to trade... leaving the market will light volume and allowing the PPT (what's left of them... LOL) to use the remaining funny money (stolen from the public through massive printing by uncle Bernanke of course) to push this market up all week long.
You also have Illuminati Gangster Reptilian Warren Buffet who basically just robbed the public again by buying a major stake in Bank of America just recently after talking with Obama just days before about how he needs to bailout the troubled bank... how convenient. What a piece of s@%t he is! In this article you can see how he stands to gain tremendously once the government decides to bailout banks holding these distressed mortgages in the name of helping the public! LOL! What a bogus out right lie! Use the sheep's' money (the printing press) to buy up other sheep's debt while letting the gangsters that created the whole problem profit from it by buying the stock of the banks that stand to benefit the most from it at distressed price levels from the recent stock market crash that they caused in the first place! Man... that's a mouth full to say (and read)!
Ok, that's about enough reasons to support the forecast that we will rally some next week before turning back down again. While we could sell off some on Monday or Tuesday to reset the short term charts, I think the bottom level of the triangle pennant will hold, bounce and we'll eventually breakout of it on the upside. Possibly the bull flag on the 60 minute chart plays out and we hit the upper trendline on the triangle Monday morning, and then roll back down into Tuesday to the lower trendline to bounce from?
The only thing that would lead me to believe we are going back down in a 5th wave to take out the 1101 spx low at this point is some surprise event. Right now I don't think they are planning one for this week. Maybe the have something planned for this coming 9-11-11? Seems to obvious too me, but you know how evil they are... and they really don't care if it's obvious or not. This is the last throws of a dying evil empire and in the end they will do things that they wouldn't have done in the past.
If so, then we could rally up into the 11th or so, and then come back down in another large wave of selling? It would line up nicely with the charts, as the daily will be nice and overbought by then and the weekly will be ready to put in that positive divergence. Of course that's all speculation and nothing more. For now let's just focus on next week. Simply put I expect the light volume to lead to a rally... how high it unknown, but an upside breakout of the triangle is expected before the week ends.
But, make no mistake... I'm not bullish by any means! This rally isn't likely to last long... 1-2 weeks max! Could be only a few days, but I doubt that because the end of the month is this week and they need to close it above those support levels I spoke of at the beginning of this post. Once next month starts, the market is free to continue the sell off again. They just aren't likely to make it easy for us bears to catch the real move down... which is why I expect this rally to carry on into the follow week, and not just this coming week.
There should be wild swings up and down too, but each time the bulls should push it a little higher. If it stretches out for 2 weeks, then the 1260 level could be broken and a move for 1300 could happen. While I don't know if that's the case or not, I've learned to expect the unexpected now. I think most traders are expecting more selling next week, so I'm taking the opposite side and expecting the opposite.
Good luck everyone...