Ready To Double Or Triple Your Money In The Stock Market?

Looks Like The Top Is Likely In Now And On Another Eleven Day…

(to watch on youtube: http://www.youtube.com/watch?v=knzBsNid0vI)

You’ve heard that one before I’m sure… right?

(sidenote: I removed the previous video as I may have said too much.  You will still be emailed before a big move happens though, which should be later now and not on Tuesday)

What I’m talking about isn’t shorting the S&P500 or going long it, but instead getting shares in a penny stock company that is going to start it’s rise next week.  Today it’s probably at the lowest point it will ever be at, and from here on out I expect to see it rise in share price to levels that are going to make you feel like you bought shares of Microsoft back in the early 80′s!  Yes, it’s that BIG!

While I stated in a previous post that I’ll be giving you some penny stocks to make money on by getting shares in them before a marketing campaign starts to promote them (which should cause most of them to double your money on), the time isn’t right yet for that to start.  I’m still working with my source on this and plan to have some steady (and accurate) picks early next year after the holiday’s are over with.  So while this company I’m talking about now is currently a penny stock, (and one that I expect will double here very soon) it’s not the same kind of company that I’ll be giving you picks on in the near future.

This company is one that you can retire on by just buying all you can and stuffing it under your mattress for a few years.  In fact I expect a huge move up on them once one of the 3 projects they start working on in April/May of 2013 produces the expected results… which should happen well before the end of that year.  Once that “event” happens it will get a lot of news coverage and the share price should look something like a hockey stick move up!

But on the short term my source just told me late Sunday night (12/02/2012) that he expects a move up to start this coming Tuesday.  So basically, you only have one day to get some shares in this company at this low price.  That date is Monday, December the 3rd.  After that we could easily see a run up to double the share price within a few days from the good news I’ve just been told.  Now I know this isn’t my usual type of post but I’m trying to help everyone out by giving them something that actually will make them a bunch of money for once, instead of the usual doom and gloom story.

You could cash out in a few days when it rockets up from the news, or hold it for a longer period for more huge gains.  Of course it will have it’s up’s and down’s over the coming years but I kid you not… this company has the ability to have a share price like Microsoft, Apple or Google over the coming years.  And yes, this stock will still rise even when and if the stock market crashes in 2013.  In fact, this type of company usually does better when the overall market is selling off.  You might say that’s it’s recession proof, and soars when the rest of the market tanks.

I’m only going to give you the complete details and the name of the company (with the stock symbol of course) through email as I want to help out those loyal followers of my site first.  You will have one day only to buy shares at the current level.  Then Tuesday I’m expecting the news to be leaked out (can’t tell you the news) which will cause a bunch of new buyers to flock in and cause the price to go up.  If you miss this run up don’t worry as I fully expect this company to continue rising all of next year too.

I will put out an email Monday with all the details on the stock with the symbol as well.  If you are not on my email list you will miss out on an easy profit.  Just join the list on the right sidebar here on my site and you will get the message.

______________________

Moving on to the stock market…

I see a few more days of up movement before this pig rolls over.  As crazy as this sounds they could actually take it up to the 1435 area on the ES and the 1440 area on the SPX.  I’m looking at the best case scenario here for the bulls as my gut thinks it will fall a little short and only hit around 1430 on the ES, or around 1434 on the SPX.  Since Monday’s are typically slow days as traders drag themselves back to work I’m thinking that it will be a small up day with Tuesday being the large up day.   (could have that backwards too, but the result is the same… up).

By Wednesday I think the market will top out with a “topping tail” candle that touches that 1430-1435 range on the ES and/or SPX.  Always remember that “they” are masters at tricking us sheep and will do what we least expect them to do.  So, while the downward sloping trendline on the SPX is coming in around 1443-1444 and 1436 on the ES, they might not go up that high?  We all know that there will of course be lots of bears waiting there to get short.  You will also notice that there is a nice triple top area around 1430 on the ES and 1435 on the SPX, which is another logical place for the bears to be waiting to get short.

So, you’ll have 2 levels of bears waiting to get short at.  One from the triple top and the other from the slightly higher “downward sloping” trendline.  Which one will they stop at?  Tough question there really.  With that in mind I’d come just a hair under both of those levels if I were SkyNet and not allow those bears to get filled on those shorts.  I’d make them chase it down as I panicked the bulls out of their longs.  This would imply a move that is kept under 1425 ES and about 1427 SPX.

Too me that levels seems to close and could easily be hit Monday morning at the open.  If that is all she has then we could rollover after that and continue down all week long.  Monday is another ritual “eleven” day and they do tend to put in important tops on those days (not always of course).  This is going to be more about where the charts are on Monday to see if they can push it up further or not.  I’d like to see one more push up to that 1435 area on the ES to tag that downward sloping trendline but I’m not sure if we are going to get it or not?  It won’t come on Monday of course, but could easily be hit by Wednesday morning.  (well, I don’t think it will be hit on Monday… but crazier things have happened?).

Looking at the Fed Schedule for money being injected into the dying bull (http://www.newyorkfed.org/markets/tot_operation_schedule.html) I see that Tuesday has a nice shot at $4.25-$5.25 Billion, which could give the market a nice solid white candle day up that should then allow a topping tail candle on Wednesday to end the move up and allow the sell off to start.  Then one more nice pump on Thursday the 6th followed by nothing big again until the next Thursday the 13th.  Now if you remember it’s common to see a bottom in the market on the Thursday or Friday the week prior to option expiration.  That Thursday the 13th and Friday the 14th are those days should be a bottom before a rally into the December 21st option expiration date.

So, my line of thinking is to short on Wednesday if there is a pop to either a triple top or the falling trendline.  Then exit on Thursday morning for the fakeout rally back up from the money injection from the Fed’s, followed by shorting by the close again into Friday.  Then continue to short all of the following week into Thursday the 13th or Friday the 14th for the bottom of the move.  Sounds like a great plan right?  Of course it’s never really that simple but it sure looks good on paper… LOL!

Well, I’ll keep this post short this time as there is money here to be made… so I”m going to focus on just that this time around.

Good luck as always and be sure to continue reading the comments for updates.

Red

P.S. The form to get on my email list is at the bottom right…

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  • Ron Stumpf

    Please don’t tell me SYNC….LOL

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

      Not even close… :-)

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

    Looks like a pullback before another run higher.  I’m still thinking that we see our high around 1430-1435 by Wednesday, or Thursday at the latest.  They simply won’t let this pig go down yet.

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

    This selling is likely to continue into tomorrow morning at least.  But I do expect it to bottom soon and turn back up into Wednesday/Thursday.

  • Imaginasian23

    When I expect this email for this penny stock Red?
    Thanks

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

      Later tonight most likely.  You will still have time to get in as it’s probably going to be a day or so later then I expected.  Hang tight… you’ll get in before it moves big.

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

    I have to admit that this person does have a point…

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

    From the looks of the charts I’d say we have one more day of this sideways chop before a decent move up to the 1330-1335 area.  That also lines up with the Fed’s having more money to pump in the market on Wednesday from the “Tentative Outright Treasury Operation”, or TOTO, (as in the Wizard of Oz… LOL!)

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

    The plan for tomorrow morning:

    Scenario A:  If they gap down in the morning (unless it’s huge of course) the short term bottom will likely be in and a continued move up toward 1335-1340 area should follow (the gap down should make the short term charts oversold enough to turn them back up and rally).

    Scenario B:  If they gap it up in the morning then the top is likely in today as it will be a “bull trap”.  The short term charts aren’t oversold and if you gap up you will allow the momentum of the downward pressure to force them back down into a C wave (or wave 3).  A gap down will relieve most of that selling pressure and allow for the rally as described in Scenario A.

    Scenario C:  If they open flat then it’s hard to say which direction the market will go.  We’ll have to see how the futures look on the various short term charts at the open to make a decision on the direction.

    Right now support is holding and Scenario A seems the most likely but I’d gladly short any decent gap up tomorrow morning as the odds of it rolling over into a C wave down or 3 wave would be high.  A gap down and I might just sit on the sidelines to watch for a bottom.

    The last thing I’d want to do is try to catch a falling knife as you just don’t really know how deep “oversold” can go on these short term charts.  Remember, the daily chart could roll back over any day now.  It’s being rallying hard from oversold conditions the last 2 weeks and could be ready for a breather.

    While it’s not technically overbought yet either it’s not likely to go up too much farther.  The MACD’s are at +5 now and +10 doesn’t seem like a reachable target with the downward pressure from the weekly and monthly charts still on the daily.  That should keep it from reaching +10 in my opinion.

    The Histogram bars are getting shorter but no negative divergence has been made just yet.  That’s another reason I think we could get up to that 1330-1335 range before rolling over.  If so, then we should see negative divergence setup on the daily chart which will allow it to final resume the downtrend.

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

      Maybe we continue down until Wednesday when the Fed’s has $4.25-$5.25 Billion more to pump up the market?  That could be our bounce spot and then back down the rest of the week?

      Just one down day doesn’t seem likely too me.  Possibly we get a small gap up tomorrow morning (or a flat open with a small rally) and then we go back down later in the day to close near the bottom again.

      Then Wednesday could be the larger pop up (from the money injected into the market of course) and then peak on Thursday morning followed by more selling into Friday.

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

    Refresh page for new video: 
    Looks Like The Top Is Likely In Now And On Another Eleven Day…

    • Jim Kelly

      Hey Red….just want to say thanks!
      S&P low today was 1408.46 cash…..looking for yes a pop then…..hmmmmm

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

        Me too Jim… looking for that small pop in the morning and then……… Timber!

    • http://permabeardoomster.blogspot.com/ Permabear Doomster

      Hey Red.

      Try not to over-think things though, sometimes..we simply go down ;)

      futures are sp -4pts, need a break <1403 (-6), so..we're within range of an overnight snap.

      first target is 1385 – the low from last Wednesday. That might hold on first test..with abounce to 1395/1400..and then down we go again.

      I refer you to a chart of winter 2007/8, Santa sure never arrived that Christmas.

      Good wishes for rest of the week.

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

    Resident Evil?  http://seeker401.wordpress.com/2012/11/30/whats-going-on-in-ozark/

  • http://niftychartsandpatterns.blogspot.com SAN

    S&P 500 Analysis after close: http://niftychartsandpatterns.blogspot.in/2012/12/s-500-reacting-from-golden-ratio.html

  • http://niftychartsandpatterns.blogspot.com SAN

    QQQ Support and resistance levels: http://niftychartsandpatterns.blogspot.in/2012/12/qqq-support-and-resistance-levels.html

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

    Hmmm… flat open looks like.  That stinks as we don’t really know which direction they will take it today?  But, I think it’s still likely that the high put in yesterday was all we’re going to see on the upside for awhile.

    So, if we should be looking for bounces to short in my opinion.  The short term charts on the ES futures aren’t much help in figuring out the direction at the open.  But the whole day still looks like another down day to me.

    Therefore, I’ll just be looking for a spot to get short at.  We might not get very much of a bounce though, so “picken’s” look slim… if you know what I mean.  The overnight low was 141.04 SPY and 1402.23 ES.

    Since the charts are mixed we might just drop a little in the morning and then rally back a little throughout the day and have the selloff into the close (or close with a doji and drop at the open Wednesday?).

    So don’t jump in too early as they aren’t likely at the point where we just drop every day for multiple days in a row.  Early in the sell off they usually whipsaw us bears out our positions before they drop hard.  A 50% retracement is possible before moving down again.

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

      There is a “possible?” FP on the SPY of 142.53 from 4:23 pm but I don’t trust the prints after the close as they are usually just late fills.  But, I thought I’d mention it just in case we do start a rally today.

  • Fred Archer

    Red,

    Like your blog…think if we hit 1385, we go back over the high of Monday…or do you think the high Monday is the top for quite a while.  Also, just found your blog and signed up on email…and was hoping to receive the penny stock.

    Thanks

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

      I’ll be getting a new pick out on the “Penny Stock” sometime today.  As for the SPX, it’s looking more and more like we have tested the bottom (for this current sell off from yesterday) and should rally tomorrow.

      There is $4.25-$5.25 Billion coming into the market Wednesday and Thursday, so more selling is going to be tough for the bears.  I’m thinking now that they really do plan on continuing up to that insane 1430-1435 zone before rolling over.

      It’s a constant game of “how to steal the most money from the sheep” for them and I’d rally from here if I were a wolve like them.  It just makes the most sense now as they’ve trapped some early bears here and should have the fuel to march higher from the money tomorrow and Thursday, as well as the stops they’ll take out on the way up from those bears.

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

        That doesn’t mean I would go long yet… it only means that I don’t think we’re going to get a lot of big selling.

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

    We hit the 141.09 FP on the SPY from 8:05 this morning….. 

  • http://niftychartsandpatterns.blogspot.com SAN

    SILVER Analysis: http://niftychartsandpatterns.blogspot.in/2012/12/silver-chart-analysis.html

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

    Could be just about bottomed now?
    http://screencast.com/t/L6DWltgG

  • http://www.facebook.com/people/Jiannis-D-Skartsis/1499412821 Jiannis D Skartsis

    Investor Sentiment: There Are No Bears
    From Zero Hedge:
    … When looking at the sentiment data, we note three things.
    One, the bearish extremes in investor sentiment are not too extreme. The recent bearish extreme in the “dumb money” indicator (i.e., bull signal) has lasted all but one week. The last signal on June 8, 2012 lasted all but one week as well. Our models (over 20 years of data) usually see two or more weeks of bearishness amongst investors before a bottom is forged.
    Two, there is no consensus among the various sentiment data. For example, company insiders (i.e., the “smart money”) are typically buying when the “dumb money” is selling. But this past week, we find company insiders actually selling to a degree last seen when the Fed announced QE3.
    Three, there are no bears. When looking at the leveraged Rydex investors (personal data), we find that they are becoming more bearish, but they haven’t acted on that bearishness. They essentially have moved to the safety of the sidelines. Without committed and invested bears, there will be no short covering… and without short covering, there will be little fuel to power any rally. So the problem with this market is that it can’t seem to sell off enough to produce a sustainable rally. There are not enough bears or bulls. If the market went lower, we would see more of each.
    As expected, the market has found a floor. Holiday trading, hope and the expectation for a fiscal cliff resolution, and fading the “dumb money” are some of the reasons. But the rubber band isn’t stretched too far. However far the rally goes, it will likely be…
    Read more at http://investmentwatchblog.com/trader-alert-the-market-could-now-be-entering-a-euphoria-stage-major-investment-kaboom-coming/#f1Mu6F4axKuXRM7P.99 

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

      Makes a lot of sense too me now… thanks.  I agree that there aren’t enough bears to produce a nice squeeze, and also not enough to breakdown the market through support.  This is why it’s currently holding up fairly nicely today.  If there were a lot of bears onboard we’d be down 15 points or more.

      But, no one wants to short right here.  I know I don’t.  I’m still looking for 1430-1435 to be a good shorting level.  This current level isn’t worth taking a chance on for fear of a move up higher due to low volume and the money the Fed’s will put in the market Wednesday and Thursday.

      Doesn’t feel safe to go long either as it looks too tired to rally up much farther.  Could it get up to 1430-1435 still?  I don’t know but I’ll be waiting to short it if it does.  Of course every other bear will probably be there waiting too… which could help or hurt me? LOL

  • http://niftychartsandpatterns.blogspot.com SAN

    COPPER Triangle pattern: http://niftychartsandpatterns.blogspot.in/2012/12/copper-triangle-pattern.html

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

    Looking at the charts gang I believe we will rally tomorrow.  Don’t know how high but I wouldn’t stay short overnight.

    • http://pulse.yahoo.com/_N56P33JXTRF7CYXS3FB27JDNDM Sol

       how bout that email red?

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

        Later tonight Sol… this email coming will only be a “watch”, not a “buy” so it’s not time sensitive as future emails will be.  This is only the start of what I’ll be offering as I could be getting a new deal every week?

        • http://pulse.yahoo.com/_N56P33JXTRF7CYXS3FB27JDNDM Sol

           so the situation with the company changed?

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

            Correct, that company will be “the big one”, but the timeline has changed.  It’s still in “the mix” but won’t happen until later this month or early next year.  But I have a different one that I want everyone to watch and learn from… as it’s an example of the power of this…

          • http://www.facebook.com/profile.php?id=1172408194 Bill Weather

            lookin forward to it

  • Seawind 4

    Staying in cash…….no conviction either way IMO. Gap up/gap down in the am? Stay away and in cash for the most part! Have a great night one and all!
    hmmmmm if the sheep have less money next year……Fiscal cliff…IMO it will not matter!

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

      Wise move… me too.

    • http://zstock7.com/ zstock7

      i shorted UPL. i think i can scalp down to 18.9, maybe even high 17′s …risky, but we’ll see.

      • Seawind 4

         Good luck…..Risky yes…..I’ll be watching with ya’!

  • http://zstock7.com/ zstock7

    QE3 is working….here are the facts..
    go to the grocery store and,
    sweet and low, 30% less in the packet, but the packet is still the same size.
    coffee, both container and contents, off by 30%, price still the same.
    my FAVORITE, Toilet paper up 25%!
    They got me, they got me good. and still there’s no revolution.
    Bunch of punk ass bia-tches live in this country, i tell you …didn’t used to be that way:)

    • http://www.facebook.com/profile.php?id=1172408194 Bill Weather

      Yes, toilet paper gonna get very expensive….a rare commodity, but I can tell you, I do have some inside my wallet. The paper is spendy, but the ink is cheap

  • http://niftychartsandpatterns.blogspot.com SAN

    Dow Jones analysis after close: http://niftychartsandpatterns.blogspot.in/2012/12/dow-jones-analysis-after-closing-bell.html

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

    I should have an “Email” out here in a few minutes… So, for all those that subscribed to my newsletter about making HUGE gains with penny/junior stocks… check your email tonight.  

  • http://zstock7.com/ zstock7

     Deceptive Food Inflation at the Grocery Store …

  • http://niftychartsandpatterns.blogspot.com SAN

    APPLE Support and resistance levels: http://niftychartsandpatterns.blogspot.in/2012/12/apple-support-and-resistance-levels.html

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

    Good Morning everyone.  I sent out the first email last night to all those subscribers.  If you didn’t get it make sure you check your spam filter.  Also, there were 11 of you that never “confirmed” the first email when you filled out the subscription form days or weeks back.

    You need to “confirm” through that email as Aweber (the email provider I’m using) didn’t send out that email to those 11 people.  Contact me directly at “red (at) reddragonleo (dot) com” if you have trouble.  You might just need to re-fill out the form again.

    Finally, if you want be to “text” you the HOT picks when I get them I’ll need your cell phone number.  Right now I don’t have a wordpress plugin that will do the automatic texting to everyone at the same time but you’ll get a text and email once I get that setup in the near future.

    For now, if you can’t figure out how to add your phone number, just email it to me and I can add it manually in the backoffice of my Aweber account.  Sorry… I should have asked for that in the first place as I forgot how fast these penny stocks can move.

    In fact, the one I talk about in the first newsletter edition I sent out last night, when up from .015 cent to .15 cents in one day!  I missed it myself but I’m told it going much higher.  However, we don’t chase them.  We get in at the bottom for the first big move or nothing.

    So, if I would have had everything setup and in place you (and myself) could have made a fast 1,000% gain in one day!  Crazy huh?  But, while it will likely still go up more, that opportunity has past.

    The good news is that there will be many more 200% er’s, 300% er’s and the occasional 1,000% coming out almost every week in 20013.  So if you’re not on the list you should be… if for no other reason then to just watch and be amazed.

    —————-

    Moving on to today’s stock market update… more choppy waters today is likely.  Both today and Thursday the Fed will be pumping in $4.25-$5.25 Billion into this fat pig, but Friday has nothing.

    My thoughts are that by the time we are around midday on Thursday the money will have been spent and at the same time all the short term charts will have lined themselves up together in an “overbought” condition really to rollover the rest of the day and into Friday.

    Right now the 4hr, 3hr, 2hr, and 60min charts on both the ES futures and SPX cash are mixed as some are overbought and some oversold.  Once they all get back in sync together we should see a nice move in one direction or the other… and from the “feel” of the market right now, it’s likely to be the direction called “Down”.

  • http://niftychartsandpatterns.blogspot.com SAN

    EURUSD Resistance levels: http://niftychartsandpatterns.blogspot.in/2012/12/eurusd-resistance-levels.html

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

    Wow… I guess there’s not going to be anymore bounces?  Looks pretty bearish too me right now.  Looking for a bounce later today to get short as I think this proves that the Fed money isn’t going to hold up this pig.

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

      It’s nice to see SkyNet reading my comments (and doing the opposite of course… LOL)

      • Turbo_Tim

        true

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

          I think this is just a bear “shakeout” as I still see us going down the rest the week.

  • anthony arciello

    I’ll probably wait for tomorrow and pick up some weeklies 

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

      The December 14th’s are already available Anthony.

      • anthony arciello

         wow. thanks. Didn’t even check as they usually come out tomorrow

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

          Yeah, but from the looks of today’s bear squeeze “today” might end up being the best day to go short.  Just wait for later in the day as you and I both know that “if” they close at the highes there is a 90% chance of a “slightly higher” (or much higher) high the day afterwards.

          That means tomorrow we could see a quick pop in the morning and then the real drop.  It makes the most sense as both today and tomorrow the Fed’s have money to manipulate the market, whereas Friday they don’t have any scheduled.  What a great chance to short at the open tomorrow… (assuming this is how it plays out?)

  • suman verma

    market up 135 , iwm up on .29 c, aapl down

  • http://niftychartsandpatterns.blogspot.com SAN

    GOLD Support levels: http://niftychartsandpatterns.blogspot.in/2012/12/gold-support-levels.html

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

    Sending out yesterday’s newsletter again to late
    subscribers…

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

    There’s a FP of 140.70 SPY at 11:43 am… could be the close today?

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

    The ES and the SPX look to be lining up right now on the 4hr, 2hr, and 60min charts.  I’m now thinking that this is about all we are going to get.  It’s not looking good for a move up to 1430-1435 on the ES.  I just don’t think it will make it… at least not from what I see in the chart right now (which should mean that tomorrow will be down).

    With that said, I might to looking for a short position here really soon… especially with that new FP of 140.70 SPY showing up at the 11:43 am time frame.  The charts could easily support a move down into the close to hit that level… then more down tomorrow.

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

      I’m looking for a “lower high” on this next move up over between now and the close.  It should happen within the next hour I’m thinking.  If so, then that’s where I’ll likely go short at.

      Even with the “Tentative Outright Treasury Operation” in today and tomorrow the market seems just too weak to rally from it.  And with no money on Friday, and not another round until next Thursday the 13th, there’s little left to suppor this fat pig… meaning we should drop nicely in those 6 days.

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

        If we make a higher high then possibly they do continue this into tomorrow? But, I just don’t think we will, as the market looks really weak.  Even the $4.25-$5.25 Billion in TOTO money tomorrow might not do much more then “buy the gap down in the morning”…  instead of rallying up to 1430-1435 like they want to do.

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

    I’m “not long” now (for SkyNet)…

  • Geccko23

    This is a weird day.   Dow is up over 100 points but $ndx is down and breadth isn’t that strong.  Apple of course is getting crushed.   Haven’t checked on the news today but the overnight markets were getting a little exuberant because Greece was starting to buyback its debt.   XLF and the Dow now back at new secondary highs.   

    I will need to see the close for some more analysis.

    Today is a Fib 55 trading days (Gann D.Zone number as well) off the 9-14 high. 

  • Geccko23

    It looks like we’re heading for the Sorcerer number for the ultimate destination date.   Also the last 3 SB champions number rearranged as well.

  • anthony arciello

    odd.. scooped up some of OGNG and it shows it at .13 in TD/.15 on yahoo

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

      Email me…

  • http://zstock7.com/ zstock7

     $CEO price is right, therefore nothing currently wrong  with chinese oil sector.

  • http://niftychartsandpatterns.blogspot.com SAN

    SPX Analysis after close: http://niftychartsandpatterns.blogspot.in/2012/12/s-500-analysis-after-closing-bell.html

  • Geccko23

    I’ve looked at some clips of some favorite movies from the 80s lately and noticed some interesting stuff.

    Jeff Bridges wears #87 as a member of the LA ???(football team) in Against All Odds.  In the trailer, he is shown running with #30 for a 3-87 combo or the infamous 117 combo.

    The license plate number on his Porsche also features an 87……Basically 87xxx.

    Also have viewed Body Double recently and the clock in the Franky Goes to Hollywood/ Relax/ Holly Body sequence is set at 4:05 or 45.   The movie studio guard gate has
    NO 2  6-9PM listed on it.  Of course the infamous NO for 29 or something else? 26 and then 9pm or 911 ie 9-16-13 or 9-(7-4).   There is also a shot of Craig Wasson scanning a wanted ad featuring the date January 21-24 plus a plethora of other numbers but I haven’t broken down that scene completely quite yet.   He also circles interview only????

    The address of his bungalow at the end of the opening credits sequence is also quite interesting although I couldn’t quite cleanly read both numbers in particular the bottom one.

    • Geccko23

      Bridges plays for the LA Outlaws but he will play for the MIAMI Dolphins the following season.

      Interesting that the NCCA Championship game will be played in MIAMI this year and feature Tuscaloosa-based Alabama  (Tuscaloosa one of the prominent cities mentioned in Bradley’s Ode to the 29 92 ritual) against the Legatus Fighting Irish.  (I haven’t quite figured out Notre Dame’s role in the grand ritual quite yet).

      Against All Odds according to it’s Wikip. profile is also the only movie to have filmed at Mayan locales of the Mayan city Chichen Itza as well as Tulum so we have a Mayan connection there as well.

      In last weekend’s SEC championship game,Alabama QB McCarron threw a game winning bomb to his receiver to form an interesting numerological combo.( Both were later seen sitting next to each other on the sideline to reaffirm the combo—same number displayed in Georgia’s big win over Florida earlier in the season on a game saving play which I have discussed in a previous post.)  Watching the Saints games, I see them flash this combo all the time (usually with the Saints two QBs jumping on each other after a TD).   They have also been showing receiver #16 next to star TE #80 (featured in that 66 yard TD play in last years playoff game against the 49ers which I have covered in the past.) quite a bit for the infamous 87 combo.

      By the way, I did uncover an ’87 connection to the 49ers.   Their celebrated 2nd year coach, Jim Harbaugh was a rookie QB for the Chicago BEARS in 1987.   Their vaunted 1st round pick I believe.  Out of Michigan.

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

    Everyone check your email before the opening bell Thursday morning…

  • http://niftychartsandpatterns.blogspot.com SAN

    BAC Chart analysis: http://niftychartsandpatterns.blogspot.in/2012/12/bank-of-america-chart-analysis.html

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

    This market just doesn’t want to go down… arrgh!  I get the feeling they are going to pop this pig with another shot of herion to get him moving up more…

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

      I’m flat now guys… doesn’t look like the bears are going to do anything right now.

  • Seawind 4

    Watching for spy 142.80 ish the Monday high…..could be a double top in the works? Wanting to short but waiting! Have a great day one and all!

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

      At this point Seawind I think they are going to take this up higher to possibly that 1430-1435 area on the ES futures.  The longer they hold this line the less chance of a breakdown.  The reason is that they will eventually work off the overbought conditions and then be able to rally.  It’s why they call an up move with sideways trading a bull flag.

  • http://niftychartsandpatterns.blogspot.com SAN

    QQQ Hour chart analysis: http://niftychartsandpatterns.blogspot.in/2012/12/qqq-hour-chart-analysis.html

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

    For those subscribers to my newsletter the pick I spoke of is just delayed.  Hang tight and just wait for farther updates…

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

    Time to exit (for all subscribers) as the move is over.  Short lived this one was…

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

    The bear might be toast right now as the bulls could run this tomorrow from the looks of the charts…

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

    Sadly, I think they are going to rally this pig up tomorrow and into next week some too.  They succeeded in using the TOTO money ($7 billion total today) in keeping this pig from tanking.  Tomorrow they don’t have any money but they have reset the overbought conditions enough to turn it back up without more money.

    They have probably trapped a whole lot of bears in Apple and will likey short squeeze them hard over the next few days.  Who needs TOTO money when you can steal it from the bears? So, as much as I’d like to see this pig pop (market tank) I think he’s going to get fatter for a little while longer.

  • Geccko23

    There was another minor change reading you know where yesterday.   Usually takes 2 days to have an effect.

    I noticed on the chart of the $nya a similar fractal the last several days to the days leading up to the 11-7 plunge–liftoff or dropoff……

    Euro plunged hard while the Dax was initially up 1.3% in early trading last night but I am guessing it tapered off after the ECB meeting decision and press conference.   Crude oil looks to have dropped hard which makes today’s makret action seem very unusual.

  • Geccko23

    Just a followup to yesterday, the 49ers and their wunderkind coach, 1987 BEARS rookie Jim Harbaugh, are ensnared in a major 11-7 QB controversy right now.  2nd year player and backup #7 has been starting for the 49ers since the incumbent #11 had to sit out a game due to a concussion several weeks ago.

  • Geccko23

    And of course, MIAMI is the prime (and first) city mentioned in Bradley’s Ode although the 29 92 ritual took place in the LBC and surrounding environs.   In fact, his ode is often co-titled MIAMI.

  • Geccko23

    An even more minor change reading today.

  • http://www.facebook.com/people/Jiannis-D-Skartsis/1499412821 Jiannis D Skartsis

    the salmon will eventually be caught and be eaten….the patient bear will be ready when this happens…

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

      Yes, I agree… the patient bear will be waiting around 1430-1435 ES.

      • http://zstock7.com/ zstock7

         probably a sell the news event, like…fiscal cliff agreement reached, and go short that pop, and stay short.

  • http://zstock7.com/ zstock7

     FCX update… 
    http://zstock7.com/

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

      Not my fruit… I don’t own any Apples.

  • Geccko23

    The city of Los Angeles dedicated the corners of 5th and Flowers St. next to the Downtown L.A. Library to Ray Bradbury designating it Ray Bradbury Square.   Ray Bradbury passed away at the age of 91 (guess his birth year—grand ritual appropriate) on the day of Quetzacoatls return earlier this year.    So today on 12-6 at 2pm they had a dedication ceremony next to the library that he loved so well.    Time for the onset of Fahrenheit 451????

    I also heard a song played on the local NPR affiliate that was based on one of his short stories, the VELDT and they announced the upcoming ceremony.

    VELDT======21-5-12-4-20=======26-12-42——still don’t understand the full meaning of 67 or 42 or how one gets a 12 out of it.

    But somehow you just need to DO IT and make it work.   Like a mofo’in stone age druid.

    Heading back from Cali motel room 216,
    to LES Manhattan Island,
    and like Churchill in double ninen,
    gonna watch the stock market do some subsidin’.

  • http://niftychartsandpatterns.blogspot.com SAN

    EURUSD Falling from resistance zone: http://niftychartsandpatterns.blogspot.in/2012/12/eurusd-falling-from-resistance-zone.html

  • http://niftychartsandpatterns.blogspot.com SAN

    APPLE Chart update: http://niftychartsandpatterns.blogspot.in/2012/12/apple-chart-update.html

    • http://zstock7.com/ zstock7

       in order for the AAPL death cross to work, the market would have to give AAPL an ALL TIME new record, LOW P/E. I don’t see that happening.

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

    Boehner to hold 11AM news conference on fiscal cliff… lookout as some how I think they’ll say something positive to rally this pig up much higher.  Shorts are trapped right now after the fake jobs data and I don’t think the gangsters will let them escape by not giving good news on the fiscal cliff…. do you?

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

    Well gang, it looks like another day of nothing but chop again.  Take the rest of the day off and enjoy the weekend is probably the best then to do at this point.  I still think they will rally this pig up to 1430-1435 ES but it looks like that won’t happen until next week.  It just doesn’t look very bearish to me as the VIX is actually down while the SPX is down?  No fear means no bears.

  • anthony arciello

    remember Red, 2 11 days next week. The 11th/12th

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

      Yes… and peaks happen many times on “eleven” days.  Since we are so close to the downward sloping trendline around 1430-1435 ES I think we’ll hit that on one of those 2 days.  I think Monday will be up strong with a possible peak and topping tail on Tuesday if that zone is hit then.  If not that day then Wednesday…

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

      Rally up into the FOMC meeting on the 11th and 12th…

      http://federalreserve.gov/whatsnext.htm 

      Then down she goes…

  • http://www.facebook.com/profile.php?id=1172408194 Bill Weather

    I hope you’re right and we get a rally because I bought the fake news. I cant beleive they did’t let her go up a bit before tanking her…. when jobs date that good come sin, she runs, almost always….the DAX and UKX went boom! on the numbers, but then they throw the sentiment # in to drop her….sheesh….. can;t wait till Jesus comes and takes out these deceivers….. hail to the redshield,…… in the lake of fire!

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

      LOL… by the way Bill, you need to look for the “conformation” email for me to send you the HOT picks for penny stocks.

  • Geccko23

    An even more minor change reading today…..Basically no change at all!!!!!!!!!!!!!!

    • Geccko23

      A traditional reading of 67 today up from yesterday’s 66.

      They even apply grand ritual numerology to mundane technical indicators.

  • Geccko23

    In honor of today’s date, 12-7, I offer a clip from 127 HOURS, featuring scion of the Steelers/ Legatus Giants clans, and Rooney’s older sis’, Kate Mara:

    http://www.youtube.com/watch?v=4lNxBtO2U_g

    Kate was one of the few fortunate ones to be featured in one of the recent classic grand ritual flicks.   She is the one who gets most of the facetime here.

  • http://zstock7.com/ zstock7

     AAPL,BIDU,NTES update. 
    http://zstock7.com/?p=7197

  • http://niftychartsandpatterns.blogspot.com SAN

    SPY Weekend update: http://niftychartsandpatterns.blogspot.in/2012/12/spy-weekend-update.html

  • http://zstock7.com/ zstock7

    does congress go on vacation the 14th?

  • http://niftychartsandpatterns.blogspot.com SAN

    QQQ Weekend update: http://niftychartsandpatterns.blogspot.in/2012/12/qqq-weekend-update.html

  • http://zstock7.com/ zstock7

     my coffee went up 30%. (overnight).  
    my consumption will have to go down 30%.  
    2 years ago, it went up 30%.  
    my consumption will have to go down 60%.  
    in 2 more years—  
    my consumption will have to go down 90%.  
    in 2.3 years, i will be priced out of the market…rofl!

    • http://zstock7.com/ zstock7

       this equation applies to toilet paper, TOO!

  • http://zstock7.com/ zstock7

     there’s still too much to bottom fish, and I KNOW about bottom fishing.
    Therefore, no huge pullback this week, is the most likely scenario.

    • anthony arciello

       2 “11 days” would make you think otherwise, but that’s what I’ve been hearing as well… possibly break 1500 before some decent selling kicks off

      • http://zstock7.com/ zstock7

         I read this last nite.
        Goldman Sachs’ (beware of sheep’s clothing), equity strategy team
        led by David Kostin just published its 2013 U.S. Equity Outlook Report.

        And it’s bullish.Our 3-month, 6-month, and 12-month forecasts are 1450, 1500, and 1575. We use six valuation approaches including DDM, uncertainty-based P/E multiple, cyclically-adjusted P/E multiple, price/book and ROE relationship.

        “S&P 500 sales, which are measured in nominal terms, will rise by 4.4% in 2013 and 4.7% in 2014,” wrote Kostin. “We forecast net margins will remain static as they have for the past 18 months, hovering in the 8.8%-9.0% band through the end of 2014. Given this environment, S&P 500 EPS will rise from $100 in 2012 to $107 in 2013 and $114 in 2014.”

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

          You know… going up the 1575 would be absolutely insane!  But, the gangsters that manipulate this market are insane, so that makes good sense over the next 6-9 months I guess.

          • anthony arciello

            i’d say 6-9 is a bit extreme red. more like by sometime February. I

          • Seawind 4

             That could fit?????  In the fall of 2013 the market to be in some major trouble???
            SPY bouncing off that 142.80 area again today.
            Have a great day one and all!

          • http://zstock7.com/ zstock7

             GS, they change targets every other month.
            I don’t have any evidence to go against them, but then, i’m always last to know, if something major is wrong.

          • http://zstock7.com/ zstock7

             GS, they change targets every other month.
            I don’t have any evidence to go against them, but then, i’m always last to know, if something major is wrong.

  • http://niftychartsandpatterns.blogspot.com SAN

    ES Chart analysis: http://niftychartsandpatterns.blogspot.in/2012/12/es-chart-analysis.html

  • http://niftychartsandpatterns.blogspot.com SAN

    COPPER Trend update: http://niftychartsandpatterns.blogspot.in/2012/12/copper-trend-update.html

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

    Good Morning Gang…

    Short term charts look bearish yet the market isn’t rolling over.  Not good for bears.  If they continue chopping sideways all day they could reset the overbought shorter term ones enough to rally up higher.

    I still think they will move up into Wednesday and top out there.  It’s another “eleven” day and Bernanke ends the 2 day FOMC there too.  In past the FOMC meeting were commonly turning points in the market.  I think the same will happen here.

  • http://zstock7.com/ zstock7

    Fiscal Cliff Update.
    and IYT update
    http://zstock7.com/?p=7206

  • http://zstock7.com/ zstock7

     fed wants market support for its fiscal cliff plan, therefore it gets support. 
    current market conditions! don’t fight the fed. 
    fed is running the show, place, win…

  • http://zstock7.com/ zstock7

    Greece riots 100,000 fight against harsh cuts in Athens protests—

  • http://www.facebook.com/profile.php?id=1172408194 Bill Weather

    Does anyone know, DC politicians start their vacation this weekend? SO if no fiscal cliff deal is done, the market sells off big…. but it may start this wednesday after fed meeting, seems to be the scenario

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

      I’m pretty sure this coming Friday the 14th is the gangsters last day before they take off the rest of the year.  So some decision needs to be made before the end of this week.

  • http://niftychartsandpatterns.blogspot.com SAN

    SPX Analysis after closing bell: http://niftychartsandpatterns.blogspot.in/2012/12/s-500-analysis-after-closing-bell_11.html

  • Geccko23

    Another minor minor change reading.

    • Turbo_Tim

      what change Geccko

  • http://niftychartsandpatterns.blogspot.com SAN

    ES cloud breakout and resistance lines: http://niftychartsandpatterns.blogspot.in/2012/12/es-cloud-breakout-and-resistance-lines.html

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

    From the looks of the open I think we’ll go up and hit that 1430-1435 ES zone today and put in our high.  I think today would be a good day to start looking for shorts (when that zone is hit of course).

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

    There is an 8:02 am FP on the SPY of 142.86 which could be the closing print today after a run up to that 1430-1435 ES zone.

  • http://niftychartsandpatterns.blogspot.com SAN

    BIDU Resistance levels: http://niftychartsandpatterns.blogspot.in/2012/12/bidu-resistance-levels.html

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

    Mr. TopStep said the key level is 1433.40 ES where he thinks the bulls will run out of steam.  There is a major downward sloping trendline of resistance there too… 

    That’s my target as well, and where I’ll be going short at…

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

    Well gang, I’ve decided to take the plunge and see what happens.  Not sure if we are going to get up to 1433.40 or not but I happy being “close” to the top (I hope I am… LOL).  Good luck bears!

  • http://niftychartsandpatterns.blogspot.com SAN

    CISCO Chart analysis: http://niftychartsandpatterns.blogspot.in/2012/12/cisco-violating-resistance-levels.html

  • anthony arciello

    just got short.. i’d say/hope that’s all we’re getting

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

      The market is chopping sideways making a bull flag now…  It’s a “leap of faith” here as we’ll either be rewarded nicely or taken out to the cleaner like an old dog!

      • anthony arciello

         waited awhile because I wasn’t too sure.. still not, but I avoided a lot of chop. I’d say, long-term we’re still going higher, but a pullback seems due

  • anthony arciello

    Boring- been in this tight rane for awhile now

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

    Bull flags everywhere!  I’m sick the bulls!  I’m going eat one for dinner tonight just to piss them off!

    • anthony arciello

      Think your fp will play out red= nice find

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

        I sure hope so… he he he! 142.86 come to Papa!

        • anthony arciello

           LOL! caught the high on a history tip from Gary

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

            You mean the tweet the the NYSE has a 77% chance of closing RED today?  Hey… I like that color for some reason.

          • anthony arciello

             lol no….

            #HISTORY — On December –> 11TH 1941 Nazis Germany declared war on AMERICA #Numerology… 9credit gary the numbers guy)

          • anthony arciello

             logically, to me, then it would make sense to peak at 144.11= 9/11. The day we declared war on ourselves

          • anthony arciello

             or maybe i’m just crazy… loll

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

            Well you’re in good company if you are crazy.

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

    And the high on the SPY today was 144.11… nice!  Got your master number of 44 embed there, which is considered “Eleven” and then all the other digits are one’s.  So, you could say that we have 11111 as the high on the 11th day of the month.  LOL!

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

    Ok, so we still aren’t sure if the high is in yet but a failed bull flag is certainly NOT bullish by any means.  They could turn it back up tomorrow about Bernanke speaks I guess?  Assuming he’s going to save the day?  But I’m staying short until I see further evidence that this “Dead Bull” gets back up and becomes a Zombie!

    • anthony arciello

       Yeah, even if he has good news, I have a feeling, as usual, it’ll go the reverse before then

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

        I think we’re just going to put in lower highs here and continue down tomorrow too.

  • http://www.facebook.com/profile.php?id=1172408194 Bill Weather

    maybe this is a rumor run (fiscal cliff deal) and sell the news when the fiscal cliff deal is in. This happened right before alotta big moves down. In 2008, 2011 summer, QE3, etc….. seems all these big events get a rumor bull, then a sell the news bear.

    • http://zstock7.com/ zstock7

      i concur, sell the news!

  • http://www.facebook.com/profile.php?id=1172408194 Bill Weather

    found a good one – Santelli makin Politicians look like pre schoolers
     http://www.youtube.com/watch?v=114qY6Edmn8&feature=share

    • anthony arciello

       lolll- good work.. too bad taxes don’t affect the elite- off shore accounts and”charitable trusts”

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

    disqus back up.
     A Charlie Brown Christmas Rally,  
    w/ a brief sell-off at QQQ= 67

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

      I hear others calling for 1500+ on the SPX, but I can’t see that without a sell off first.

      • http://zstock7.com/ zstock7

         i found this a couple of days ago—
        Goldman Sachs’ (beware of sheep’s clothing), equity strategy team
        led by David Kostin just published its 2013 U.S. Equity Outlook Report.

        And it’s bullish.
        Our 3-month, 6-month, and 12-month
        forecasts are 1450, 1500, and 1575. We use six valuation approaches
        including DDM, uncertainty-based P/E multiple, cyclically-adjusted P/E
        multiple, price/book and ROE relationship.

        “S&P 500 sales, which are measured in nominal terms, will rise by
        4.4% in 2013 and 4.7% in 2014,” wrote Kostin. “We forecast net margins
        will remain static as they have for the past 18 months, hovering in the
        8.8%-9.0% band through the end of 2014. Given this environment, S&P
        500 EPS will rise from $100 in 2012 to $107 in 2013 and $114 in 2014.”

      • http://zstock7.com/ zstock7

         on my 15 minute chart, if i’m reading it correctly…
        we get a down trend day at QQQ = 67.
        1 or 2 days, then x-mas rally into the 20th,21 when the fiscal cliff deal is announced…
        -=-
        i’m really guessing about this next part-=-
        as soon as congress adjourns…
        i think the market sells hard after the fiscal cliff deal is announced.

  • http://zstock7.com/ zstock7

    AZO was asked about this today.
    i like 340 support.
    http://zstock7.com/?p=7211

  • anthony arciello

    old truth for those still yet to be unplugged
    https://www.youtube.com/watch?v=h9Wsb4qBckU

  • http://zstock7.com/ zstock7

     American Riots Will Be The Worst In The World

  • http://niftychartsandpatterns.blogspot.com SAN

    FACEBOOK Chart update: http://niftychartsandpatterns.blogspot.in/2012/12/facebook-chart-update.html

  • anthony arciello

    not looking pretty for bears

    • http://www.facebook.com/profile.php?id=1172408194 Bill Weather

      I disagree. After FOMC or after this AM run, I expect the market to be topped and the selling to begin, unless bern the banke announces something unexpected

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

        I agree Bill… we should see a pop higher after the 12:30 announcement and then the selling to start.  We could even see a move lower first, then back up, and finally back down.  I’ll wait out the nonsense as the direction should be clear by the close.

  • http://niftychartsandpatterns.blogspot.com SAN

    ES Chart update: http://niftychartsandpatterns.blogspot.in/2012/12/es-chart-update.html

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

    I like this guy… Mike Vacchi of Princetontrader.com:

    http://www.mrtopstep.com/princetontrader-market-webcast-december-12-2012/

    If we go down quickly from the FOMC news I will exit my shorts and wait for a reversal back up to new highs around 1440-1445 to re-short again.

  • http://niftychartsandpatterns.blogspot.com SAN

    EURUSD Chart update: http://niftychartsandpatterns.blogspot.in/2012/12/eurusd-chart-update.html

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

    I see a 12:04 and 1:47 pm FP on the SPY of 143.43, but I’m not sure if it’s real or not as that lines up with yesterdays’ closing price… meaning it could be a late fill?  I like to see FP’s that don’t line up with any level over the last several days.  So I’m not trusting this one.

    • anthony arciello

      Staying in cash. IO would love to see some sort of retracement, but I’m not too sure. seen all too often the opposite occuring after these meetings… and since we chopped down……

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

        I think it’s going down again tomorrow and Friday Anthony.  But, we’ll
        be lucky to get 40-60 SPX points down out of this move, even
        though the average is 60-80 points…. however, I’ll be happy with 40 points.

        • anthony arciello

           Yeah, I have a small short on JPM, but that’s about it….after this dip, if it occurs, I could see them pushing this out to 1500

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

    Anyone brave enough to go long here?

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

    Possible target for Thursday…

    http://screencast.com/t/cUGBuunip1NT

  • Geccko23

    Nice looking high for today.   Triple divergence on the 60 min MACD for the SP.   Triple divergence on MACD historogram.   RSI divergence as well.    Daily divergence on MACD historogram.

    In a few hours, the moon will be at perigree and at closest pass of the year to earth????  A few hours later the new moon.    Meanwhile, the moon will pass the sun.   So first new moon after the lunar eclipse.    But my mythology is a little confused.   Is the moon picking up Quetzacoatl on the solar pass following the lunar eclipe????   And thus the DARK KNIGHT RISES again…..going into galactic alignment on 12-21?????

    Uranus turns direct on 12-13 as well.   Uranus being in Cetus.   With Mars heading its way in classic Arch Crawford crash like fashion.   Down the home stretch.

    I believe Euro crats who just won the Nobel peace prize will be releasing money to Greece on the 14th if all goes well which appears to be the case.

  • Geccko23

    The new moon at perigree is also producing some of the highest tides of the year.   Has it been drawing an upward bound stock market like a magnet as well.

  • Geccko23

    Haven’t followed the news today but no mention of the Fiscal CLIFF today?  I guess it’s on the backburner since nobody seems too worried about it.   QE 4 the topic du jour????  Another sell on the news situation?

    CLIFF=====3-12-9-6-6……….the 12 and 26s tell me it is an appropriate grand ritual term.

  • Geccko23

    Sanchito with a 12 for 19 for 111 passing yards at 5.8yds per attempt stat line last week, one week removed from his benching.   I wonder if it dropped his passing rating back down to 66.6 again.

    A certain corporate entity will be auctioning off a Sanchito 666 jersey in an apparent pre crash ritual so I guess that it’s essential that Sanchito retains his starting job.   He was briefly replaced by #14 against the Cardinals, a former Tuscaloosa based QB.  #14 ended up throwing a game winning TD pass in the Jets 7-6 win.

    • Geccko23

      His passer rating for the year is 71.8 although he put up a putrid 21.4 rating against the Cardinals at 4.6 yds per attempt.

      He did post a 66.6 rating week 2 against Pittsburgh in a 27-10 loss or 10-27 loss as it is written over at NFL dot com in his weekly stat recount.

      He also has 12 TDs to 14 interceptions.

  • http://niftychartsandpatterns.blogspot.com SAN

    Dow Jones analysis after closing bell: http://niftychartsandpatterns.blogspot.in/2012/12/dow-jones-analysis-after-closing-bell_13.html

  • Geccko23

    #14 was 5-7 for 29 yards in his brief appearance…….threw the TD pass to #86 but don’t see anything there.

  • Geccko23

    127 Hours======5days7hours…..57==12…..We’re currently in the 7500 day range from Bradley’s  ode to the ’29’92 ritual date…….705 years from the original Friday the 13th date.

  • Geccko23

    Today 12-12-12 is 3 years 9months 6 days from the 3-6-9 low.

  • http://niftychartsandpatterns.blogspot.com SAN

    ES Chart update: http://niftychartsandpatterns.blogspot.in/2012/12/es-chart-update_13.html

  • http://niftychartsandpatterns.blogspot.com SAN

    APPLE Death cross update: http://niftychartsandpatterns.blogspot.in/2012/12/apple-death-cross-update.html

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

    Well gang, I’m not surprised that they aren’t letting this pig sell off as today they have $4.25-$5.25 Billion in TOTO money to support it with (which they didn’t have the last 3 days).  All charts are very bearish, but as we all know… that means nothing!

    So, I really don’t know what to think at this point.  In a normal market we would have gapped down and continued down all day.  But this is a heavily manipulated market and they are absolutely not letting this go down yet.  Maybe we’ll see some selling later today?

    • Seawind 4

       Morning Mr. Red/board……staying away and watching SPY 143 ish. No short pos yet just a few long ind stocks.

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

        Until this rising wedge breaks we aren’t likely going down.  They are fighting this hard as right now every short term chart is bearish.  This is like a very fat pig trying to swim upstream like trout do.  It’s like Bernanke dragging the fat pig up stream with a rope tied around his waist and the pigs neck.

        • Seawind 4

          Boehner to speak @ 11……smile! (EST)

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

    Looking for a break today of this rising wedge….

    http://screencast.com/t/284VqHRdd3

  • http://niftychartsandpatterns.blogspot.com SAN

    SILVER Chart analysis: http://niftychartsandpatterns.blogspot.in/2012/12/silver-chart-analysis_13.html

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

      Looks like a nice long is setting up in silver SAN…

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

    Maybe this is our target afterall? http://screencast.com/t/cUGBuunip1NT

  • http://niftychartsandpatterns.blogspot.com SAN

    SPY Hour chart analysis: http://niftychartsandpatterns.blogspot.in/2012/12/spy-hour-chart-analysis_14.html

  • http://www.facebook.com/profile.php?id=1172408194 Bill Weather

    been a nice day for bears like I, in the Qs at 3020, out at 2990….looks like a triple bottom is in and they will raise this pig up some…. hope they raise it alot, so I can come back in the AM and short this crapper again….. fiscal cliff stale mate news…. me likes….let’s go the freek over….a ha hahaha —- oops spoke too soon, looks like they are taking her down some more -27 now….. was under the illusion of a tax sell off coming….duh, the pigs don’t pay taxes, forgot….they have offshore accounts

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

      There is a FP I posted earlier Bill… it’s on the SPY and shows 142.03, which could be our downside target today?  Also don’t forget that there is a 90% chance of a lower low tomorrow if today closes at the low.  Of course it could drop in the morning to make that lower low and then rally back up the rest of the day and close green, but a lower low should happen first (if we close at the lows today?).

      Looking at all the short term charts on the ES and the SPX I see no reason to get bullish as the 2hr, 3hr, 4hr, and daily chart are just now rolling over and heading down.  They have a long way to go before they even get close to oversold.

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

      There is a FP I posted earlier Bill… it’s on the SPY and shows 142.03, which could be our downside target today?  Also don’t forget that there is a 90% chance of a lower low tomorrow if today closes at the low.  Of course it could drop in the morning to make that lower low and then rally back up the rest of the day and close green, but a lower low should happen first (if we close at the lows today?).

      Looking at all the short term charts on the ES and the SPX I see no reason to get bullish as the 2hr, 3hr, 4hr, and daily chart are just now rolling over and heading down.  They have a long way to go before they even get close to oversold.

      • http://www.facebook.com/profile.php?id=1172408194 Bill Weather

        I was torn when selling because I know tomorrow we will get some more selling, but I decided to tak e profits in hope of them raising this at the last hour….I;m hoping for a late day run and then no big gap down tomorrow, but I might be asking for too much on that. Well see

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

          I can’t tell you how many times in the past I’d see a nice down day like today and think that there would be a bounce the next day from me to get in short… only to be disappointed as it gaped down and traded sideways all day long on that 2nd down day.

          They just won’t allow the bears a chance to get short at, or allow the bulls out… at least not until they’ve dropped it 30-40 SPX points first.  By that time you miss the biggest move and the remaining points down are full of wild swings to take you out of your position.

          Just look back all the times the market closed at the highs or at the lows with a long solid candle and you’ll see there’s at least a 90% chance of a continuation move the next day.

  • BigHouse(Aka Mr Vix)

    Looks like Lindsey is saying the stock market crash will come sometime in the next 4 years lol…

    Lindsey Williams on the Infowars Nightly News speaking with Alex Jones in December 2012 for the second time. Pastor Williams discusses the latest information about the elite’s plan for global domination. The elite are not ready for financial collapse yet. Forced debt creation including your church. Student loans. Middle class to be taxed into oblivion. Non management workers in large corporations will work part time to avoid Obamacare tax. Federal Reserve buying $40Bn real estate backed securities every month. Federal Reserve to own every piece of mortgaged real estate. The debt ceiling will be suspended as part of the United States Fiscal Cliff, which if left unchanged could result in tax increases and spending cuts. Dollar scheduled to be phased out within the next 4 years. The forming of a Regional Comprehensive Economic Partnership between the Association of Southeast Asian Nations, plus China, India, Japan, South Korea, Australia and New Zealand – One half of the World’s population – no longer will use US Dollar. BRICS Group – Brazil, Russia, India, China and South Africa already no longer use the US Dollar. The return of trillions of US dollars. Three Factions – Old time elite, out of control President and new renegade elite. 4 years from now 70% of US residents will receive state handouts. There will never be an honest election. Gold to rise to $3,000 by 2016. The Devil’s Messiah. Take over of the church. Agenda to bring in millions of Muslims into the USA and give citizenship. Initiate sharia law in the USA. You must become your own doctor. Pastor Williams also talks about his new 2 DVD set “The Next 4 Years” and “How to Survive the Next Four Years” and talks about solutions to survive the next four years.

    http://www.lindseywilliams.net/lindsey-williams-alex-jones-show-december-2012-1-post/

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

      Sadly, he’s being lied too I believe.  Lindsey Williams seems like an honest person but I think he’s drinking the elites cool-aid a little too much.  There will be a crash!  And the Illuminati can’t stop it!  My timeline remains… the July/August 2013 period will be the last important high before a huge collapse.

    • http://zstock7.com/ zstock7

      American Riots Will Be The Worst In The World


       

  • BigHouse(Aka Mr Vix)

    Looks like Lindsey is saying the stock market crash will come sometime in the next 4 years lol…

    Lindsey Williams on the Infowars Nightly News speaking with Alex Jones in December 2012 for the second time. Pastor Williams discusses the latest information about the elite’s plan for global domination. The elite are not ready for financial collapse yet. Forced debt creation including your church. Student loans. Middle class to be taxed into oblivion. Non management workers in large corporations will work part time to avoid Obamacare tax. Federal Reserve buying $40Bn real estate backed securities every month. Federal Reserve to own every piece of mortgaged real estate. The debt ceiling will be suspended as part of the United States Fiscal Cliff, which if left unchanged could result in tax increases and spending cuts. Dollar scheduled to be phased out within the next 4 years. The forming of a Regional Comprehensive Economic Partnership between the Association of Southeast Asian Nations, plus China, India, Japan, South Korea, Australia and New Zealand – One half of the World’s population – no longer will use US Dollar. BRICS Group – Brazil, Russia, India, China and South Africa already no longer use the US Dollar. The return of trillions of US dollars. Three Factions – Old time elite, out of control President and new renegade elite. 4 years from now 70% of US residents will receive state handouts. There will never be an honest election. Gold to rise to $3,000 by 2016. The Devil’s Messiah. Take over of the church. Agenda to bring in millions of Muslims into the USA and give citizenship. Initiate sharia law in the USA. You must become your own doctor. Pastor Williams also talks about his new 2 DVD set “The Next 4 Years” and “How to Survive the Next Four Years” and talks about solutions to survive the next four years.

    http://www.lindseywilliams.net/lindsey-williams-alex-jones-show-december-2012-1-post/

  • anthony arciello

    nice find on the FP red.. Think we got close enough

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

      Don’t know yet Anthony?  It could be the closing price today?  If we close at the low remember that there is a very high probability that there will be a lower low tomorrow… so I’d stay short at least into the morning to see what happens.

  • http://www.facebook.com/profile.php?id=1172408194 Bill Weather

    was listening to Santielli talk of the 250k pre bush tax rate and how because of the dollar worth much less, it equates to taxing people at 160k. To get it to the 1993 pre bush tax rate equally, they woudl have to raise the fiscal cliff rate to 380k….. 

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

      I seen that too Bill… truly sad.

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

    The reason for the spike gang… A rumor was leaked by the gangsters that Bonehead is going to talk to Obummer about the Fiscal Cliff non-sense later tonight.  So the shorts panic and get squeezed out.

    You have to wonder why they put out the rumor during market hours instead of afterhours?  If they did it after the market was closed then a deal would likely be reached and the shorts would be trapped Friday morning.

    If you do it during market hours then the shorts will bailout today before the close.  Then you can release the news tomorrow that no deal has been reached and there won’t be any shorts in the market (except the gangsters themselves, as they already know the outcome of the meeting).

    So, I’ll remain short and take my chances that the above theory is correct… meaning we gap down tomorrow from no deal being reached.

    • http://www.facebook.com/profile.php?id=1172408194 Bill Weather

      and the good thing is, you released this information before the market closed!
       Nice insight!

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

        Yes, I hurried up to type it before some of my bears panicked and sold their shorts.  I wanted them to be able to make a educated decision based on the charts and past patterns within those charts… and not make an emotional decision.

  • http://zstock7.com/ zstock7

     Looking for around a 60-80%+profit rate on these option plays.

    4 out 5 of trades, winners. That is the goal.
    http://zstock7.com/?p=7220

  • http://zstock7.com/ zstock7

     red dawn 2012 movie @ 3hr 7 min fast ford to 3hr 7 min mark.
    this seems like another way the bankstas could go.
    http://www.justin.tv/winning_movies_221/b/347535622

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

      Just how long is that movie anyways?

      • http://zstock7.com/ zstock7

         the video’s are 30 hours in duration. the movie starts at the 3 hour mark.
        however, the movie company, sited the uploader, and his channel is now closed.
        he will return, he always does.

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

    What I expect for tomorrow…

    Likely a gap down (or open flat and go down) that puts in a lower low within the first 1-2 hours of the day.  Then a reversal into the close to recapture the 1415.73 50dma and/or the 100dma at 1414.73 SPX.

    How low it goes is anyone’s guess?  The 200dma is at 1387.25 if they really want to scare the bulls, but the 20dma at 1404.38 seems more reasonable of a target.  I don’t know where they will take it to as the FP on the SPY of 142.03 could also the be low.  I would only expect that if they didn’t gap down and simply opened flat, as that’s only about 1415 on the SPX.

    A move like that wouldn’t break the rising trendline on the SPX from the 5/18/2012 low of 1292 which is pretty important to the bulls I believe.  More then anything you have too note that the volume today was very light and the move down was very controlled.  The holidays are next week too, so we’re not likely to get too much more bear food.

    Then there’s the old saying that the low for the market is put in on the Thursday or Friday the week before options expiration (next Friday the 21st).  With all the evidence I see I think the move down tomorrow morning will be short lived and a buying opportunity for the bulls.  I’ll be looking to exit my shorts and go long into next week.

    Good Luck…

  • http://niftychartsandpatterns.blogspot.com SAN
  • anthony arciello

    c lose on the spy- 666

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

      Where?  I don’t see it.

      • anthony arciello

         lol… nvm… don’t know why I didn’t add the one for a sec

  • http://niftychartsandpatterns.blogspot.com SAN

    RIMM Chart analysis: http://niftychartsandpatterns.blogspot.in/2012/12/rimm-chart-analysis.html

  • http://niftychartsandpatterns.blogspot.com SAN

    APPLE Support levels: http://niftychartsandpatterns.blogspot.in/2012/12/apple-support-levels-month-and-week.html

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

    Morning update:

    I’m looking for a lower low this morning and a reversal back up this afternoon.  Since we didn’t gap down but look to open about flat, I think the down move will be limited.  The 1400 SPX level is something the bulls will defend hard, as well as DOW 13,000… so a slight “fakeout” pierce of either of those is possible, and then a reversal.

    I expect the low to be “the low” going into next week.  It’s opx next week so they usually go up into that period and today’s low won’t be seen again for awhile I’m afraid.  But, let’s just play it one day at a time.

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

    The SPY hit 142.11, just 3 cents from the FP yesterday at 142.08… I’m out of my shorts now.

  • http://niftychartsandpatterns.blogspot.com SAN

    QQQ Chart update: http://niftychartsandpatterns.blogspot.in/2012/12/qqq-intraday-update.html

  • Seawind 4

    Change of subject:
    CONN…..OH MAN….NO
    In my thoughts and prays to say the least!

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

      Very sad, very sad…

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

    New FP on Apple of 514.11 at 1:47pm… you know it’s real as the 4+7=11, which is then 1:11

  • http://niftychartsandpatterns.blogspot.com SAN

    EURUSD Chart update: http://niftychartsandpatterns.blogspot.in/2012/12/eurusd-chart-update_15.html

  • http://niftychartsandpatterns.blogspot.com SAN

    Dow Jones analysis after close: http://niftychartsandpatterns.blogspot.in/2012/12/dow-jones-analysis-after-closing-bell_15.html

  • http://niftychartsandpatterns.blogspot.com SAN

    IWM Weekend update: http://niftychartsandpatterns.blogspot.in/2012/12/iwm-weekend-update_16.html

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