From everything I see, it looks more likely to fall down instead of rallying. All the charts look bearish... very bearish. I just can't find a reason for the market to rally right now. While anything is possible, the easiest path right now is down. I'm actually looking for a reason to go long, but I can't find one. The charts aren't oversold yet, in fact many of them are over bought.
Does that mean that we will sell off tomorrow again? If the market follows the charts, then yes. If we rally against the charts, then you can thank uncle Ben and the $15 Billion of POMO money that will be injected into the market tomorrow and another $15 Billion on Thursday. The charts say we go down, but you have to think about what the gangsters want to happen.
Will they allow this sell off to continue down to put in the 2nd leg down as most sell off do, or will they manipulate the market with monoply money? I've gotten burnt so many times following the charts, that I just don't trust them exclusively anymore. They are manipulated by the gangsters, and it's usually when you think that the charts are working properly again that they reverse course and pull a fast one on you.
So, I'll only say that the charts are pointing down, but that doesn't mean the market will go down. We are coming to an apex where the downward sloping trendline is going to intersect with the horizontal line of support around 1173 spx. A breakout move is just days away now... maybe even tomorrow? Which way is unknown, but down is the easiest direction.
Tomorrow is the first day of December, and should be a bullish day... but the charts don't support that. There is still lots of negative news out there, which is keeping this market from calming down enough to rally. I do believe we will rally for Christmas, but not until a nice flush out happens first. It doesn't have too be huge to the downside, but needs to be at least 1150, if not 1130 on the spx I believe.
After that, I believe the market could rally back up into early next year. But for now, I remain bearish....
Hope everyone had a good Thanksgiving here in America. For those outside of America, it was just another day... and to be honest, that's all is was for me too. I guess I'm just not much of a "holiday" person (hence the reason I never seems to know what date it is... LOL).
As for the markets, I think we could get a little shocker before the Santa Claus Rally happens. Next week looks bearish to me, with Wednesday and Thursday being the only possible bullish dates. I say that mainly because the large amount of POMO being injected into the market on those dates. But that still doesn't mean a huge rally taking out the 1200 spx level.
Taking out that level will really be determined on how far down we go first. If we only sell off a small about, to like 1150 area or so, then the rally to follow will surely take out that resistance level. If we go down to the 1130 level, then the ride back up to 1200 might not happen until the last week or so of this year.
But, if we take out 1130, then the 1200 might not be seen for a long time to come. The key is to figure out if the high is already in, which would mean we are starting a wave 3 down inside Primary wave 3... or if this is only a wave 4 down with 5 up yet to come, taking us up to the DIA 118.16 FP to complete Primary wave 2.
I think it's only a wave 4 down, with one more move up to follow. But, that December 7th date is very close now, and North and South Korea could start a war at again time. Some false flag event staged by the Fed's could still be out there waiting to happen? It could be done to bring the US into the war in Korea?
Just don't close your eyes on this conflict between the two of them, as I'm sure our Illuminati gangsters had something to do with starting it. What is unknown right now, but it will eventually come out. Back to the December 7th date... it's the date shown in the this FP of the Wilshire chart, which still makes me wonder about the reasoning behind it?
All of the other FP's show the print on the date that it was taken, not 3-4 months prior to it. That's what puzzles me? While I can't imagine the gangsters crashing the market in December, during the holiday season, it would certainly surprise the most amount of people if they did.
Everyone is now expecting a 5th wave up into early January/February of the next year, so a continued move down would catch all the bulls and bears by total surprise. While I don't think it's going to happen, I will be following the charts closely and only going long for the Santa Rally after that date has clearly past.
I think the DIA FP is our final upside target and it will be hit early next year. The Wilshire FP is still valid and will likely be our downside target, but right now I'm not thinking that it's going to be hit on December 7th, or even start to crash on that date from another Pearl Harbor false flag event.
However, it's still odd how the print shows up 3-4 months prior, while none of my other print show up like that. It's in a league by itself, but the reason is still unknown? Maybe it's for 2011, and not 2010? Or maybe it means nothing? Regardless, it's worth noting again as the date grows close now.
Plus all that tension over there in Korea could be something that would be involved in a crash around that date? I don't believe it will happen, as I think we are simply going to have a correction down to 1150, 1130, or even as low as 1060... the FP level from awhile back... not a crash.
What fun here is that I'm actually "not" calling for a crash this time. How usual is that for me? Now wouldn't it be crazy if it did happen? Nah... it's not going to. But, I'll be short around that period... just in case. 🙂
For the short term, Monday looks like it's ready to sell off some, followed by more selling on Tuesday. While the 60 minute chart is pointing down into Monday, the 15 is pointing up. So, the surprise move would be to gap it up to squeeze all the bears that went short on Friday. Then to reverse the rest of the day and close negative, with "Turnaround Tuesday" not working and a continued downward move following until Wednesday saves the day with new POMO money.
However, keep in mind that the POMO money has had a lot less effect now on the market, as compared to weeks and months back. It seems to only pop the market higher briefly and not be able to go as high or sustain as long. This will continue until a nice correction happens I believe.
After a decent pullback, the traders will feel more comfortable about going long (with the added POMO money), as opposed to "selling into" the POMO rallies as they seem to be doing right now. We can also see that the dollar is rallying hard right now, and seems to be in a wave 3 (or B) up, and will add more pressure to the downside on the market.
The mass media puppets are all taking about shorting the dollar right now, which another reason I believe it's going higher. Remember, they are all paid liars... so do the opposite and you'll be far better off in the long run.
Despite all the money printing that Bernanke is doing, the dollar still rallies! LOL! Of course in the long run the dollar is doomed, but for now it's great to see it rally against the gangsters wishes.
The non-farm payroll report is also coming up soon, and has been a significant turn date in the past. So, we will have to watch closely to see if we are going down or up into that date. Many times it has been the bottom of a down move, which could happen this time too?
It would allow the market to still have the Santa Rally the remainder of the year, and that's what I'm really expecting to happen this time around. Overall, we just have too keep our positions small... just in case some unknown false flag event does happen around that December 7th date? Better to be safe then sorry I say.
Again, I don't think anything will happen, as I see us moving up to the DIA FP first, and then crashing down... but anything is possible, and not expecting something to happen, is exactly when they will do it! Every prediction for a "false flag" has been wrong, or if not wrong... the "event" was stopped (as in the fired ICBM missile off the coast of California). That tells me that we might only be able to figure out the date of the event, after it happens.
Those gangsters have been playing this game for decades now, and they know how to fool us sheep quite well. If someone actually does figure out their plans, he/she might not be able to inform the public, and us sheep will still be eaten by the wolves.
Red
P.S. Here's a link that has Ben Fulford's latest reports...
I knew there was a possibly of another "Dubai Surprise", but I thought it would be this Friday, not Tuesday. I expected the usual grind higher, but instead they decided to sell it off and fool many bulls and bears alike. While I did mention that we could be forming another "MA" pattern, which would have had us sell off like we did today, I really didn't think it would play out.
Well, I guess that's why us sheep are still sheep... and not wolves, because they seem to pull these little tricks when not many are expecting it. It's the perfect time to sell off the market, as the light volume holiday week will allow them to take it down slowly without a panic, to reset the charts again.
Then they can rally it up for all of December to make Santa happy. Yes, I do believe we will still get a Santa Rally. This North Korea/South Korea event was timed perfectly. Just do it during the America Thanksgiving holiday's as most of the traders will be gone and the light volume will be easy to manipulate by the gangsters.
However, I believe the likelihood of us starting a major move down here are slim. This sell off it too controlled... no panic whatsoever. I don't think this is the start of wave 3 down in a 5 wave pattern. I think it's wave C in an ABC correction down to make up wave 4, with wave 5 up still to come.
I think wave 5 will take us up to the DIA FP next January/February for the final high of Primary wave 2. After that, P3 should begin down, and all hell should break loose. This should have started this year I believe, but some how they must have extended it for some unknown reason? Possibly to get though the November elections and the Christmas/Thanksgiving holidays?
Moving on...
Right now, as in tomorrow, I'm expecting a slightly up day or "pause" day. It's common to see them after such a large move down, or up. After that, I don't know? Friday is only a "half" day, so it could be another pause day, or a surprise big down day (from some other unknown news event)?
This week was a wildcard week anyway, as most people thought it would be a flat to positive week. I'm sure there weren't many bears that were short the market today, and that's exactly how they planned it. The luck ones that were short, and did profit from it, probably closed their positions out too early as they too were shocked that we actually sold off as much as we did.
Well anyway, I'll just have too eat some more mud again I guess, but I'm expecting the rest of the week to be flat to slightly up. (Now I know it's going to tank... LOL).
That is the what the market is doing to most traders right now. It's no secret of course, as that's what "The Powers That Be" are trying to do... confuse both the bulls and bears, while secretly stealing their money.
So where does that leave for next week? Probably just as confused as this week was. Last week gave us a nice bear flag that fail to play out, as the bogus GM IPO was used to rally the market and rob the bears. Now I guess everyone is long again, and expecting the usual "Bullish Monday"... plus a bullish week because of the coming Thanksgiving holiday.
When was the Dubai news released last year? Answer: Thanksgiving! Interesting... huh? Certainly makes you wonder if they might pull another fast one on this Thanksgiving? Most people have completely forgotten about that, as TPTB had the entire holiday weekend to calm the market from the news, which keep the market from tanking.
Is there another Dubai just hiding in the closet, trying to get out? I don't know, but the charts look a whole lot more bearish right now then they did last year at the same time period. Another major news announcement like that right now would cause a whole lot more damage to the market I believe... and recovery would be a lot longer the one "holiday weekend".
Well, that's all just speculation... don't make any trades on it. It wasn't like it crashed after that news anyway. In fact I think it only dropped about 30 points or so. But a nice 30 point drop on SPX right now would certainly be nice to have, as long as I was positioned short of course. LOL.
Moving on...
Let's try to figure out what might happen next week. The daily chart shows the spx as hitting a necktie of resistance as the 10 MA (currently at 1201.92) is getting ready to crossover the 20 MA (1198.14), which is a double dose of bears holding back the bulls. We have a similar setup on the Q's for the Nasdaq, the Financial's, and the NYSE daily charts.
The 60 minute chart is overbought and losing steam on the shorter time frame MACD period's, but the longer time frame seems to be turning back up from oversold territory. This doesn't help us out at all. Basically, it's a "neutral" position right now.
The 30 minute chart is also at a neutral level, but looking like it wants to go up. The 15 minute chart similar to all the others... neutral. Not much point covering the 5 minute chart, so I won't.
As for the weekly and monthly charts... no clues there either. We could continue up a little higher, or rollover right now, with the current high holding.
The dollar seems to be backing down a little, with another move up still expected to come. The timing is unknown of course, as it could fall a few more days and just chop around forming a base to launch higher from next month. The VIX could also fall back down a little lower, and chop around a few days before moving higher again.
This sets up December for being an ugly month, which is totally opposite of what most December months are. But, remember that last October and September were historically negative months... which just the opposite happened this time around. Will it be the same for December?
I can't answer that of course, but I'll simply point out that the charts will support a sell off next month... but I'm sure they could be manipulated a little longer allowing the market to stay up until January of next year. After all, this entire rally from March of 2009 has been one big manipulation. What makes you thinks it's suddenly going to change now?
Just because the charts say we rollover and sell off in December doesn't mean it's going to happen. I'd actually be shocked if they tanked it during the Christmas season. But, that's exactly what they like to do... shock everyone!
Ok, as for Monday...
Just speculating here, but since the pattern over the last few day (on the 60 and 30 minute charts) looks like a "cup and handle", I'd say that we could gap up on Bullish Monday (to hit all the stops of the bears of course), and quickly fall back down all day and close negative. This would probably push the 60 minute chart (and the shorter time frames too) into oversold territory and allow Tuesday to rally back up. (However, if they don't gap it up Monday, I still expect it to close down on the day as the 60 minute needs to reset itself before attempting to rally higher again).
Then a continuation of that rally into Wednesday, with a little profit taking into the close as traders leave early for the holiday's. Then the gangsters can steal all the bulls money on the half day of trading Friday, with some other negative news, only to be rallied back up over the 3 day weekend... or not? (Then a nice wave 3 down would start, instead the completion of an ABC, with one more wave 5 up left that should end in January).
Yes... sometimes history does repeat itself. Of course I'm speculating here, and don't really expect everything to play out exactly like that. I could be totally wrong on the whole thing, just like I've been wrong in the past. This game is simply a big gambling casino anyway. We just play the odds, and count the cards. But it's always tougher in this game, as the gangsters know what you have in your hand...
Oh, screw it... hit me again! I'll get a BlackJack one day!
Yes, the bobbleheads on TV will blame the rally on the IPO release of GM (Government Motors), but it was really just a reason to squeeze out the bears just before option expiration tomorrow. Speaking of tomorrow, I don't expect any move down to occur. If it's not a flat day, then it's likely going to be an up down... but not down, at least not anything worth shorting.
Now the real question is... how far can this rally go back up? Of course I can't answer that, as if I could... I'd be rich and retired on some tropical island, instead of writing a blog about the stock market, aliens, and the Illuminati. Since I'm stil here, you can come to the logical conclusion that I'm just a poor smuck like most of you guys (and gals).
So, scenario one is that this move back up is our wave 2 retracement with wave 1 down being from the 1227 high to the 1173 low Tuesday. That suggests that tomorrow and possibly Monday, we shouldn't take out that high, and will fall short of it at some Fibonacci level.
Right now we are at the 50% Fib. level, but we could easily continue up tomorrow to the 61.8% or 76.4%. Put simply, we have a resistance level at 120.90 spy, which is a double top from Monday, November the 15th. It's also about the 61.8% Fib. level.
After that, we have resistance at about 121.50 and 122.00, and finally the 122.95 spy double top high from last week. If we take out the high, the scenario one is out the window, and we are in scenario two.
Scenario two has the move down from the 1227 high to the 1173 low as a wave 4 down, with one final wave 5 up yet to happen. It should take out the current high, and if my FP on DIA of 118.16 were to match up with the spx, then I'd expect 1260/1280 level to end that final wave up.
Of course after that happens, I'd expect the top of Primary wave 2 to finally be in, and P3 to start shortly afterwards. This could happen as early as next week, or we could fail to take out the current high and instead follow scenario one with some type of wave 3 down to start sometime next week.
Being that it's going into Christmas, I can't imagine them starting P3 yet. It would be more logical to save the DIA 118.16 print until January of next year, and just have a correction start next week, that might simply put in a higher low then the 1040 level from months back.
What level I don't know? Maybe down to the 106 spy FP, which is about 1060 spx... and that's a higher low then 1040 is. After that, then rally up all of December and into January (and possibly early February) to finally top out the market at the DIA print... and end P2 once and for all.
Then P3 would start down in early next year and probably last all year long, making 2011 the worst year in the history of the stock market. Again, I'm guessing at all of this, but I still believe that the DIA FP will be the final high of P2, with a massive P3 down to start shortly there after.
Back to tomorrow... the usual pattern is to have "pause" day following a large up or down move. Since tomorrow is also opx day, you should expect light volume and for the market to have an upside bias to it. At the end of the day of course, they will pin the spy where it benefits them the most. This could be a sharp up move or down move in the last 30 minutes of trading.
I would guess that if they rally up a little more tomorrow morning, and throughout the day, then a small sell off to lock in profits from the longs, and to pin the market at the maximum pain level for the put holders.
Ok, that's about all I got for today. Let's just wait and see what happens next...
Red
P.S. Why do we need a bill to be voted on concerning procedures to follow if the Anunnaki Reptilians attack us if aliens don't exist?
And it's about time they wake up and join the party!
Yes, finally the charts are starting to work again, as the bears took control today and while the bulls took a much needed rest. Looking at the charts now, we are oversold on the 30 minute and shorter time frames, but the 60 minute and the daily still have room to go down a little more.
Since we still haven't hit that 116.71 spy FP from early this week, I'd say that after this brief bounce ends we should be heading down to that level. By then, the 60 could become oversold and a decent rally back up could occur. It's too early to tell if this thing is going to stop there, bounce back up to some Fib. level, and then head down lower in some larger wave 3... to an estimate target of 106 spy, or if it ends at 116.71 and then rallies back higher toward our DIA 118.16 print.
So, I'm only going to say that I expect tomorrow to be flat to up as the short term charts work off the oversold conditions. It's possible (but not calling it), that they could become overbought by Thursday and roll back down on Friday into that larger wave 3... making Friday a certain color, if you know what I mean?
Again, just speculating here, and not forecasting, as that won't be known until the end of the day on Thursday. For now let's just see what the bulls can muster up tomorrow, and how high they can take it back up? Previous support is now resistance, so that 1200 level is going to be a tough one to pierce through again.
Anything is possible, but odds are now with the bears. I'll be looking to get short once I see the charts get overbought again. Maybe tomorrow, maybe Thursday, or maybe Friday? I won't know until we get there.
I hope all of those short took some off the table today, as we could trade sideways to a little up for several days now. No point in waiting it out if you don't have too. Anyway, that's about all I got for now. I'm expecting a flat to up day tomorrow... call it a "pause" day. After that, we'll see what the charts say and re-evaluate.
Maybe? But just because the possible "false flag" event with the ICBM Missile launch off the coast of California failed to explode, doesn't mean they won't try again.
So, is the "Crash Adverted" now? I don't know for sure, but I'd say only that we have now made it through the crash window period unharmed. But next week still isn't looking good for the bulls. While options expiration week is usually bullish, I'd be shocked if the market can turn around all the bearish indicators and rise back up next week just to make the put options expire worthless.
While anything is possible, especially with Bernanke's money tree, a lot of technical damage was done to the charts this week. Also, it's questionable if the SPX and SPY broke the rising trendline of support since the 1040 low, but the Nasdaq clearly did... and so did Apple, the leader of it.
We also were given a new FP of Apple on Friday (thanks for sharing that rose2797). While we do not know when it will play out, or if it ever will play out, I can only say from experience that I've seen many of then hit their targets, and reverse from them. You cannot trade off of them, but once the charts align in the direction of the print you can look for the print to act as a magnet.
Apple looks pretty bearish now on the daily and weekly charts. It took a beating last week, and so did Cisco. This is very bad for the Nasdaq, which will likely mean the S&P 500 and the Dow will follow the same path.
However, we still have POMO money out there... which will of course be used to manipulate the market. I just don't know if it will be enough to hold this market up, as she looks ready to puke right now. Oh... for everyone who doesn't understand what POMO is, here's a video to explain it (thanks Reza):
The video above is a "must watch", and absolutely hilarious! Maybe Ben Bernanke is a plumber, as seen in this picture. Nothing against plumbers of course... as a matter of fact, I'm sure they are a lot smarter then Bernanke.
Ok, let's look at the charts and see if we can figure out what's going on? For Monday, the daily chart is now pointing down, and even though most Monday's are up days... hence the phrase "Bullish Monday", I find it hard too see this coming Monday rallying too far.
The 60 and 30 minute charts are pushing up, with the 15 and 5 topping and looking to roll over. This makes it hard to figure out which time frame will win out? Since the daily is the strong, I'm leaning toward Monday being a flat to slightly down. Of this all changes if some unknown "event" happens, but right now it seems that the "event" has been stopped. It could still happen in the future of course, but I don't have any more "windows" of time that are ritual dates.
So, it's looking like we might only get a much needed correction and not a full blown crash... for now at least. I still think that we will eventually go up and hit that 118.16 DIA print, but that might not happen until next year? For now, I'm just expecting a correction to happen, and then another move higher to finally hit that print early next year.
How far will we go down? I'm not sure on that one? We still have many FP's on various stocks and etf's. We have that 106 spy FP from a few weeks back, and the 885 spx print too. Of course if we drop that far then it will likely be a lot more then just a correction.
I'm not going to rule out a huge drop, but instead just let the market tell me where it wants to go. With no big "event" (and remember, it doesn't have to be a false flag... it could be some country defaulting, company defaulting, etc...), I don't see a drop of such magnitude happen... yet.
The weekly chart has a necktie of support at the 1125 spx area right now, and should provide a nice bounce from. The question will be... is this only a corrective wave back up, with another leg down to follow? Or, is there still one more push back higher to the DIA print sometime early next year?
I can't answer that of course, but we'll revisit the charts when we get there to see what the likely next move is. The biggest thing that bugs me is all these FP's to the downside. They are all very deep, and would be levels that a crash would take the market to, not a correction.
The 106 spy print is about the only print that would still be considered a correction, but the others are very scary. They will be hit at some point in the future, but I don't know when? For now I'm only going to say that "if" the rising trendline of support clearly breaks on the spx/spy, then I could see a move down to that 1125 spx level fairly quickly.
Next week is still a tough one to forecast, as even though the charts are very bearish right now, it's still an option expiration week... which are usually bullish. They are usually manipulated higher to make the puts expire worthless. Doesn't always happen, but it's still something to remember come Friday.
So while I don't know for sure that the market is going down next week, "insiders" do see the market crashing... the "when" is unknown? Take a look at this chart, and read the article at ZeroHedge. Corportate Insiders are dumping at amounts that are "OFF The Charts"! If that doesn't speak "Crash Coming", I don't know what does?
For those of us playing options, the timing is extremely important. But for those simply buying bearish etf's, it's just a waiting game now. While the "crash window" may have passed now, that doesn't mean it's still not coming. It takes time for all those crooked insiders to unload all their shares to the retail sheep. Maybe the date has be pushed forward a little?
Here's something to revisit and rethink about... the Wilshire chart showing the 7300-7400 FP level. While ever other FP I have always shows the FP as occurring on the day that I (or one of you that help me catch these prints, and email it to me), take the screenshot of it, the Wilshire screenshot was taken around March 5th-8th of this year, but the date of the FP is December 7th?
I seriously doubt that the print originally showed up on December 7th, 2009 and was still showing on March 5th (or 8th... hard to read the exact date). Since I was sent that screenshot, and didn't take it myself, I don't know when the person that emailed it too me actually took the screenshot. I'm assuming it was done on March 5th-8th, as that's the last candle showing, which would indicate the current date the snapshot was taken.
I wish I knew who emailed it to me, but I forgot. But, I'm pretty sure they did indeed take the snapshot on March 5th-8th, and not back on December 7th, 2009.
So, what is odd about that to you? To me, it's the fact that the FP is showing up on December 7th, and not the current date of March 5th-8th. Maybe it's nothing and I'm just reaching for straws here, but that's what this blog is all about... "The Dark Side Of Trading".
Continuing down that rabbit hole, December 7th is a very ritualistic date as Pearl Harbor happen on that date in 1941. So, if you were going to stage another false flag event, that rivaled 911, and would involve a nuke in some big city... maybe Los Angeles as suggested in this video below, what better date to do it then December 7th?
I don't see how this person gets L.A. out of the video, but I thought I'd put it up there for you all to see and come to your own conclusions. Maybe someone can do more research and find a better copy of the debate, as this video looks too blurry for me to make out anything on it.
Ok, now the video below indicates that a Chinese submarine fired an EMP (Electrical Magnetic Pulse) at a Carnival Cruise Ship, and that the US fired an ICBM 11 hours later from California... but I don't believe it's all that simple. China doesn't want to start a war with America, as far as I can tell. It's the Federal Reverse Illuminati Gangsters that are trying to start a war.
That means to me that this isn't all it seems too be. I'd guess that the EMP was just blamed on China, and not actually done by them. This looks like another failed attempt by the gangsters to start WW3, just like they failed when they sunk a South Korea submarine and tried to blame it on North Korea, to get them fighting against each other. These gangsters are pure evil, and need too be exposed to the world by everyone... which is why I constantly talk about them.
In the video above, they clearly point to evidence that it wasn't North Korea that sunk the sub, but I don't have any evidence that it was the US responsible... except what Ben Fulford stated on one of his posts weeks back. The guy in the video isn't pointing it toward the US as doing it, but he does seem to believe it was a false flag.
As you can clearly see, if you simply put two and two together, the Illuminati is trying their hardest to start WW3, but failing at every attempt. Whether it's White Hats inside the Pentagon, Good Aliens, The White Dragon Society, or a combination of all three of them, someone seems to be stopping these gangsters from succeeding... which is a great thing!
So maybe there won't be another false flag event... I hope not. But the plans to sink the market are still there and you know that with all the insiders that just unloaded their shares, they will still take it down... with or without a false flag event to blame it on.
The charts clearly are very bearish right now, and with them throwing out new FP's (like Apple), that tells me that plans are still in place to take her down. Of course the "when" part is still unknown, but looking at the charts, insider selling, extreme bullish percentage levels, dollar looking ready to break out to the upside, and a slew of other evidence, I'd say we just about "at" the point of recognition right now!
I guess they could stretch it out another week if they really want too, but odd's are clearly against it now. While the charts have been wrong in the past, due to extreme manipulation, at some point they will fail to be able to hold this dam from bursting. I think we are at that point right now.
I'll only state that in my opinion, rallies should be shorted from here forward. As for Ben Fulford, I'll point you to a video did back in August of 2008, just one month before the crash into September the 30th of that year. In this video (part 3 of 4) Ben states that the Fed's will be bankrupt by September the 30th (of 2008). Funny how the stock market crashed, and the gangsters avoided that bankruptcy. Hmmm, do you think they shorted the market during the crash they caused, and used that stolen money to keep them from going bankrupt? I'd say they did...
Here's the links to all 4 of those video's from Benjamin Fulford...
P.S.S. Wouldn't you love to have a winning streak like this guy? He made 126 high risk trades in 2 weeks and won every one of them. Strange how he did that?
It looks like the mystery missile was fired from a Chinese Nuclear Submarine, or at least that's who is going to be blamed for it. While I don't know if that's true or not, something isn't right here. It sounds like the gangsters at the Fed are going to try and provoke China here... for what I'm not sure? But leaking out that it was a Chinese sub that fired the missile sounds like a plot to get American's upset with China. I'm not buying it. The Fed's are responsible here... I just know it.
Colleen Thomas was interviewed on Russian TV and she says that the good Aliens shot down the missile, which very likely could have happened. I've seen on the history channel where every nuclear missile in America was powered down once in the 90's. It was to let the gangsters know that the good aliens have the power to stop any nuke from going off. I don't have the link for it, but I'm sure it's probably up on youtube somewhere.
Only 2 more ritual dates left before the crash zone is over with. We passed the November 6th date that was suggested as a possible date for a false flag nuclear bomb event in the Simpson video. And now we passed the November 9th date that would have be another 911 in reverse (11-9 = 9-11 backwards), so what's left?
Well, the gangsters love the number one, as in 11, 111, or 11-11... which happens to be tomorrow. That would be our third of four ritual dates that they could possibly stage another false flag event on. The fourth would be on the 14th, as that date is 777 days from the Dow's one day loss of 777 point back in September of 2008.
It is quite possible that the missile that fired off the coast of California yesterday was the "false flag" event, but it failed. I hope and pray that's what it was, and that no other event is scheduled to happen. Of course we won't know until after the 14th, but I'm hopeful that the "event" was stopped by the good guys.
Many people have been talking about it on the internet now, exposing it to the world. This serves to derail the bad guys as they might be forced to change their evil plans if too many people figure it out. At least that's what I'm hoping will happen.
Also, since the upside FP of DIA 118.16 is still 400-500 Dow points away, maybe nothing bad will happen yet? Even when we hit the print, maybe only some financial disaster will happen, and not a physical one that kills hundreds or thousands of innocent people.
It's only a matter of time before the Federal Reserve Bank will have too declare bankruptcy anyway, so why not release that information once we hit the FP target? That wouldn't hurt anyone physically... except maybe Bernanke, Geithner, Blankfein, etc... who might jump out a window from a tall building or something? That wouldn't be any loss of life or anything, as vampires aren't human anyway.
Maybe I'm being too optimistic now, but I really don't want any disaster to occur. I'd just like to see the market have an overdue correction... maybe down to the 1060 level or so? A crash will hurt too many Americans, all while getting the gangsters richer as they profit from shorting the market and buying up assets at below wholesale prices.
I know what you're think... but Red, it's how they rob everyone... I know, you're not telling me anything I don't already know. But I remain hopeful that nothing horrible will happen, and any "event" won't involve the loss of any lives.
As for tomorrow, barring any false flag event, we should go up a little in the morning based on the 60 minute chart, and then rollover into the close. We could go down to the 1195 area into the close, where I would expect the market to find support from the rising trendline and the horizontal support level.
If the 1195 area breaks, look out below as the market could fall pretty quickly once that very important rising trendline is broken. But as long as it holds, they could bounce from there and continue to rise into next week to hit that upside FP on the DIA. However, if the "event" wasn't the rogue missile, but instead something else yet to come... then we may never see the FP?
So again... let's all hope that nothing bad happens. Be safe everyone, and good luck tomorrow...
Not much changed today as we had another "pause" day, ending about flat. Tomorrow should be an up day, based on the short term charts. I'm still waiting for the upside FP to be hit, and do still expect it sometime this week. For now though, we wait...
Well, it's least that's what a lot of people are saying...
Of course I don't know for sure, and I hope nothing bad happens, but I still believe the market will sell off hard once it hit's that final upside print of DIA 118.16 on Monday or Tuesday.
Since we didn't hit that FP on Friday, that meant too me that nothing bad would happen on Saturday November the 6th, 2010 as shown in the Simpson video from Friday's post. That's a good thing I believe, as it means that maybe it won't be a "False Flag" event, but instead just another country defaulting, or some big bank going under.
It's hard too predict what the event will be, but once it happens the selling will be massive I believe. While many people think I'm crazy for believing in all this stuff, all I can say is... I hope they are right. I really don't want a nuke to go off just to make some money from the stock market crash that will follow.
It's not really about the money to me, but more about exposing the lies, corruption, and manipulation in the markets. Sure I want to make some money on the fall, but only to help protect myself from the poverty that will follow as millions of people become homeless, jobless, and food-less.
What these people are doing, and have done to the population is truly a crime against humanity... and punishable by death in my opinion. They are truly evil, and deserve no mercy. They run now, like the scared rats that they are. Over 3000 people from the White House are now gone with O-bomb-us over seas, with 34 warships to protect them.
If that doesn't smell of something wicked, I don't know what does... That's never been done before! No president has ever take 34 warships and 3000 staff members from the White House to go on an oversea mission. They are evacuating Washington D.C. WHY?
What do they know that they aren't telling us? Stock market crash or not, something is certainly up. You don't do that unless you have advanced knowledge that something is going to happen, which begs one to wonder... how do they have advanced knowledge without being one of the ones who planned it?
The answer is simple... you don't! George Bush knew 911 was going to happen prior to it happening as he was part of it... just like Bill Clinton was part of "it" for HAARP being used on Haiti to kill all those people. While "Wild Colleen" is certainly "out there" on her information, aliens do exist... and they have been here for millions of years.
I don't know if all the recent presidents are Reptilian Aliens or not, but I do believe they are evil. She has a lot of information on her site about aliens, and all the different types that are here on this planet now. Some are good, and some are evil... just like in Star Wars and Star Trek.
Anyway, let's get back to the market now...
We all know that the charts are way overbought, but by now you should all know that the market is controlled by TPTB and they have every intention of fulfilling their evil plans. Since they but the DIA 118.16 FP out there months ago, and are now only about 300-400 points away from filling it... my forecast is that it gets hit early next week.
What day I don't know? Will it be on "Bullish Monday" or maybe not until Wednesday, as lot's of prior one's put in the high for the week. My feelings are that it will be on Monday, as the 9th is Tuesday... which makes it another 911 day (11-9-2010).
Wild Colleen said that it was going to be on the 8th, which is Monday. The Simpson video indicated it would happen on the 6th, which was wrong as Saturday has now passed safely (thank God for that). The "webbot" that Cliff High from Half Past Human says a time period from November the 5th to November the 14th, which makes mores sense as the 14th is 777 days from the one day loss of 777 points on the Dow back in 2008.
My only thinking is that it will turn after it hits the FP... but when it hits that print is unknown. Maybe not until later in the week, I don't know? I just know that I will be going short with when it's hit. I've seen this game before (back in January-February of this year), and I know how it works now.
The market hits the print and reverses in the other direction for quite awhile. The last time it did it, it rose for the following 3 months. Don't know about this time, as it goes down faster then it goes up. The move down will be fast and furious I believe.
I'll be looking to exit my shorts at the next FP of Dow 8300, and go long on silver and gold... should they also crash from big institutions dumping it to pay their margin calls. Downside FP's on gold are 939 and 935, but I've seen these FP show up for multiple days in a row, which questions their accuracy?
The 777 on the train in the movie "Unstoppable" is likely a FP for something? It could be on gold, the spx, or a dozen other indexes, I don't know? The train that is trying to stop the runaway is numbered 1206... which could mean December the 6th?
In the Wilshire FP I have, it shows the print on December the 7th... Pearl Harbor Day. Lot's of rituals here folks, and the Illuminati put it all out in front of everyone too see... but few are watching. Are you paying attention? Yes, the rituals and the numbers are hard too figure out, but that's part of the game they play... fun isn't it?
Also keep in mind this print from several weeks ago, that showed a 106 spy at 4:15 pm. This could be the downside target for the wave 1 down, and then a small bounce to follow, followed by a wave 3 down (to possibly or Dow 8300 print?). Of course the entire wave down will be part of Primary wave 3, but I'm just guessing on the smaller wave counts by using the FP's that they give us.
You know, a year ago I would have never used FP's to predict moves in the stock market. I would have done Fibonacci levels, combined with Elliottwave, and Technical Analysis. Today I realize that all of those charting methods only work temporarily.
They allow them to work for awhile to get more people to use them. Then when everyone see's a certain pattern (like the giant Head and Shoulder's pattern on the daily and weekly chart that failed recently), they trick everyone by doing the opposite of what the normal outcome would be of the pattern.
I'm sure you all remember the media talking about that pattern back in late August when the Right Shoulder was completed and the market was heading down toward the neckline, and going into the month of September too. They "gamed" the market just like I was told they would from a friend many months prior.
Now everyone and their brother is on the long boat and thinking that the worst is behind us now... especially since the Fed's can keep printing money, and adding another stimulus package like QE3, 4, 5, etc... But guess what? The market is rigged, and the high is already known... at least to those of you reading my posts.
The high is the FP of DIA 118.16, and that's the last time we'll be up this high, until hyper-inflation kicks in, and the Dow goes to 38,000 as Mahendra claims. At that point, gold will be 10-20 thousand dollars a ounce, so it really would be like Dow 3,800 today.
On another note, I was able to listen to about 2 hours of Cliff High's interview before it was taken down from youtube. He see a total collapse of the dollar and the Dow at 20,000 or more. While he didn't say what kind of event his webbot is talking about, he bought up the possibility that it could be 3 nuke's based on what he seen in the Simpson video.
Basically the clock stops with the minute hand on 11 and the hour hand on 6, but it also has 3 round spots on the hands themselves... which could indicate 3 bombs on a route that looks like Interstate 95 from Washington D.C. to Miami, Florida. That would mean a bomb in Miami, D.C., and some 3rd location along I95.
But, Saturday has safely passed now and that speculation isn't valid anymore... thank God for that! Of course the date could have been read wrong, and maybe it's scheduled for 11-9-2010? I hope it's all wrong. I will say that he was only speculating as to what the video meant, and not says that his "webbot" indicated any of that.
So, we shouldn't jump to conclusions on that show alone. While I'm sure it does mean something, it could have been changed or stopped now, as everyone is waking up and seeing what they are planning... hence it might not happen because of that reason.
But whatever happens next week, I still believe the market will tank after the FP is hit. It might be another country defaulting, or the Federal Reserve declaring bankruptcy? Who knows? Let's just hope it's not something that involves killing innocent people.
Best of luck to everyone, and let us all pray together that nothing bad happens...
Will the stock crash on November the 8th, 2010? God I hope not! This is one call I want to get wrong!
Not that I've been right on every call of course. I've been wrong many times in the past. I called for 4-5 Black Monday's or Friday's and nothing happened. But this call is special because it may involve a nuke or some other type of bomb that the Federal Reserve Illuminati Gangsters set off. I don't want that too happen, as it could kill thousands of innocent people... all for the gangster to profit from some staged war.
These people are pure evil, and are the "real" terrorists. They should be hunted down, arrested, put on trial, and sentence to death by public hanging... that's how I feel about it! They want to mass murder billions of people just because they can! They want absolute power, and causing panic and fear is their way to control us sheep.
Isn't it about time us sheep wake up and grow some teeth? Let's spread the word to everyone you know of their evil plans so that will all awaken and take back our country before they destroy it. Email everyone you know links to this post, and all the links to "proof" that I've posted here on this blog, and in the comments of many of the prior posts.
Gang, regardless of where the market ends tomorrow, if this event happens, you'll wish you had put every dime you have in the market and shorted it. I hope they are all wrong, but I fear they are right. It doesn't matter if we go up to the DIA 118.16 FP or not tomorrow... it only matters that you are short before the close! Maybe tomorrow will be a flat day, as we usually have a doji day after a big move up.
I don't know either way? Maybe they don't have the money to run up to that print and they might fall short of it? Or maybe Anna is right, and we sell off a little tomorrow? But for goodness sakes, take at least a small short position just in case something bad really does happen.
Good luck everyone, and I pray that this doesn't happen...
Let's root for this lady above!
Red
The links to Half Past Human, Daily Paul, and The Light Gate are...
I decided to do a second video update, as a gap up over the 1215-1220 area isn't looking likely right now. More important data has been sent to me. Please read this release by Half Past Humans, as the timeline has been moved up to November 5th (from the 8th), and extended to November 14th (was the 11th).
Also, watch the youtube video by Lindsey Williams (part 1 of 6). Folks, too many people are all saying the same thing right now... which is that the time period we are about to go into next week will start a horrible sell off in the market, possibly caused by some "false flag" event. It will likely be 10-1000 times greater then the 911 event, and the "Tipping Point" is November 14th!
From all the evidence I put up on my weekend post, and all this new evidence... from different sources, something bad is coming I do believe. Just be very careful, as if it does happen, then stocking up on 6 months of food and water might be a good idea after all.
The day the market has been waiting on is less the 24 hours away now. What will happen? Will the market start a new rally and go up another 600 point on the Dow and hit our DIA 118.16 FP? Or is that print for next year, and instead the market rolls over into a nice correction/crash?
With the market so close to that upside FP, I wish it would just go up there and get it over with, as I like to start heading down toward the other FP at Dow 8300 before I grow old and die waiting. I honestly don't know what is going to play out? It really does depend on how much the QE2 is?
If they promise way more then the market expects, a rally from hell could squeeze every last bear out of existence. So expect the "unexpected"... meaning that if everyone is looking for a huge sell off, then maybe we just keep on heading north and fool the sheep again.
While everything I see, hear, and read points to at least a correction, if not a crash... that might not come until that upside FP is hit? That means we could rally tomorrow, Thursday and Friday... and if they squeeze hard, I think they can hit it by Monday.
Of course that's really asking for a miracle for the bulls, as blasting past that double top resistance at 1215 isn't likely something that can be done on the first attempt. Many days of consolidation are usually needed, before a successful pierce of the resistance line.
Lot at how long we have been hammer away at the current resistance range of 1185-1195... 7 days now! While we'll likely breakout of it tomorrow, running through 1215 in one day is extremely unlikely. Which means that we should at least see a nice pullback before attempting to breakthrough it again.
Now, I personally still think that we are going to have a big correction (50-100 points) next week. While I'm hoping that we don't get another false flag event, if we do... the you can throw "correction" out the door and get used too the word "crash" again!
I had the chance to listen to the entire 2 hour audio called "The Waterman Files" that Pzy5t0 emailed me. It's one scary broadcast, and should be listened too... before this week is over! If you haven't done so already, you need to make it a priority and listen too it asap. (To download it and use RealPlayer or Windows Media Player to listen, just "right click and save as" this link: http://reddragonleo.com/ArgusoogRadio-20101029-TheWatermanFiles.mp3)
Ok, as for tomorrow, Fed days are almost always bullish... but the day after is another story. Trying to figure out which direction the market will break to first is about as easy to do as calling heads or tail, so you might just wait until the close at 4 pm to go short (assuming we rally up to hit a double top at 1215 area?).
Of course this could be the one time the market just sells off on the news and never looks back? Hard too say? But that audio broadcast speaks of the November 8th-11th as a pivot point of major importance. Could we have a false flag over the weekend while all the sheep are stuck long after a surprise "more then expected" QE2 short squeeze rally?
It's very possible, so be very careful tomorrow as there should be at least one more bear squeeze before this week is over. And since tomorrow is the QE2 day, with jobs data out on Thursday and Friday, I'd expect the high to be put in tomorrow.
There is also the FP of 1160 spx that Anna caught after the bell today. That could be the target for Thursday or Friday? A move up to around the 1215 level, and then back down to 1160 by Friday could easily happen. At that point I'm not sure, as I'd need to see the damage done on the charts.
It's all just speculation at this point. I'd just listen to that audio if I were you... and pray they are wrong!
Yes, the market will just be in a "wait and see" mode until 2:15 pm on Wednesday as the Fed's will probably release the amount of new stimulus (Quantitative Easing... aka QE2) that they will inject into the market over the coming months(notice I didn't say "economy"? ...that's because the money will never make it to the unemployed American, but will instead end up in some Banksters pocket on Wallstreet).
You know, I never thought they could actually keep this market up all the way until the elections.... but they did! Absolutely amazing! I thought many times that it would sell off first, as traders take profit before the unknown outcome on November 2nd.
You never can tell what the gangsters have planned, as even though I thought the market will sell off some in front of the elections, and crash afterwards... even that could be wrong? I don't know for sure about anything anymore. While the odds clearly favor a sell off of some kind (correction/crash?), these guys have been defying the odds for quite awhile now.
The charts are still useful of course, but the ability for them to be manipulated and held back from rolling over is truly an incredible feat they pulled off. Last week produced 5 days of doji candles on the daily charts... something of a rarity in of itself... in my opinion. While I don't know how many times that has happened in the past 100 years, I'd bet I could count the times with my fingers.
It's almost as if God was holding the market up, and not allowing it to sell off until after the election this coming week. But wait... it was God! Remember, Goldman Sachs is doing "God's work" (aka, robbing from the middle classed and poor to give to the rich and evil... where's Robin Hood when you need him?).
The market last week was enough to make both bulls and bears alike... "sick too death". When is enough... "enough"? There probably isn't any retail traders left in this market as it's clearly driven by computer bots trading against each other... with our money of course.
If it seems like I'm bitching or just rambling on... you're right, I am! No one can make money in this kind of crappy market, except maybe the day traders... and only the really good one's at that. This has too be the most hated rally ever on Wallstreet, as it's completely 100% FAKE!
No really earnings, No real job's, No real anything but lies!
Not that I really want a huge crash to happen, as that would hurt a lot of people. I just want a market that can be fairly traded... both short and long. A market that follows some type of reasonable charting patterns and actual "real" data (not made up lies)... which I'll likely never see in my lifetime, so I guess I'm just dreaming here.
Moving on...
It seems that Friday after the market closed there was a reported terrorist attack that was stopped. How convenient of the terrorists to wait until market is ready to crash to try and attack us. That's really nice of them to do... (ROFLMAO here)! Yes folks, it's another "False Flag" that the gangsters are staging so they can blame the coming crash on it. (By the way, I mentioned Yeman back in February of this year. Maybe you should go re-watch the video's on it?)
They'll spin the truth as "the economy was recovering and this (insert false flag event here) really shocked the market... blah, blah, blah". Come on folks, you guys (and gals) are much smarter then that. You know the timing of false flags are almost always around major tops in the stock market. Remember the BP Oil Disaster? When did it happen? Answer: April 20th, 2010 What happen to the stock market shortly there after? Can you say "Flash Crash Fat Fingers" 10 times quickly and not be "tongue tied"? LOL
The market actually hit the final top on April 26th, with one quick stop sweep above key resistance to clear out all the shorts before the crash... but basically the Oil Disaster False Flag event was done when the market was peaking. So what does that mean for next week? I speculate that we'll have another stop sweep above the current overhead and resistance level and then another crash... but this time it won't be just a "Flash Crash". I expect it to continue down to the DOW 8300 level by mid-late November, and then a rally back up to happen.
Thinking like a gangster here... I'd shock the market with just enough new stimulus (with the expected QE2 news data released by the Fed's after the FOMC meeting this Wednesday), that would give the market one final push up. Then I'd stage a false flag event to blame the crash on. (Of course I don't know what the market is expecting, but I heard $500 Billion to $3 Trillion. So, give them something on the low end of that range to stage one more rally, but not too little that the coming train wreck would be blamed on the governments' lack of stimulus. (Now if they give them something on the high end and blow out what the market expects, we can expect a move up to the DIA 118.16 FP to happen before and crash does... but I really don't expect that to happen).
After the market tanks for a few weeks I'd get together with the new Congress and Senate with some emergency bill (even more stimulus) that "has too" be pass through under fear of economic collapse (all planned years in advance of course). But don't pass the bill until the downside target is hit, and then I'd announce to the media that the Republicans and the Democrats have put aside their differences and decided that another round of stimulus will now be given to the Wallstreet Gangsters (errr... the American public, my bad!) because of the disaster.
The Democrats can "save face" as they put through another stimulus package before the Republicans took back control of the house of congress (and maybe the senate too?).
The Republicans can "save face" and say that they would have stopped the reckless spending of the stimulus plans that the Democrats did over the last year or so, as they rejected more money when they got elected (in this weeks' coming election), but do to the emergency nature of the current situation that developed (because of the "false flag event"), they'll give the market (err... the economy) more money after all.
Yay! We're all saved again!
Isn't politics fun? LOL! Of course I don't know what will happen, but that could be the plan? It certainly matches up with a peak in the market like we currently have now. After all... someone, or something, has too be blamed for the crash coming. It just can't be technical analysis or elliottwave theory, as that stuff is just all worthless crap anyway... right? It's fundamentals that makes the market move up and down... so says the bought and paid for mass media machine.
Ok, so where do we go next week? I'm going to borrow this chart posted by Apple Al, and use it for speculation as it would line up with one more stop clearing sweep similar to the April 26th high... just before the real move down came.
Al's chart points to a move down on Monday, (which supports the over bought 60, 30, and 15 minute charts), and then one "last hurrah" move up to the double top area around 1215 spx as a wave 5, with Mondays' move down as a wave E in a larger wave 4 move that formed during most of last week. While I'm not an expert on Elliottwave (who is really?), I think the chart lines up perfectly with what happen on the April high day on the 26th.
You have too think about this from the gangsters point of view. There are still plenty of bears hanging on to their shorts last week, as the market just traded sideways and never broke the overhead resistance area. This tells me that they must be shaken out before the real plunge begins. You know the gangsters don't want to let these bears on the train to hell with them, as there are only so much cocaine and naked women available in the passenger cars... and of course they don't like to share.
So, they must get them off the train before the real move starts. A quick short squeeze to a double top would probably just about do the trick I'd say. While it's possible that the top is already in at the 1196 spx level from last Monday, I got a feeling that there's going to be one more fakeout move to the upside before this train really leaves the station.
Maybe it only makes it back up to the 1196 top, or maybe a little more? I don't know for sure but that terrorist scare is speaking loudly to those who are listening. An "Event" is coming, and the market won't like it. When? Days I'd say, not weeks. Maybe after the FOMC meeting this Wednesday, or at the latest it could be push out to the G20 Meeting on November 11th. I doubt it, as I think what the Fed's says this week will determine the future direction of the market (and the elections too of course).
But the charts can't take too much more of this propping up, as they are all ready to collapse hard very soon. So how many fingers and toes does Bernanke have left to keep plugging the holes in this dam that's ready to burst? I don't know, but if he tries to use the "Fat Finger" to plug a leak, he might just do too much damage to the crack and cause it to burst.
I'd say we rollover in the morning and possibly stay down all day. I say "possible" because the terrorist scare and the uncertainty of the elections could cause traders to cash in their longs on Monday and not do anymore buying until the FOMC news on Wednesday is released. The short term charts are rolling over going into Monday and that should put some downward pressure on the market early on.
While I don't think it's going to tank on Monday, or break key support, but I can see early selling in the morning with the afternoon session being left in the "unknown" status as the PPT could come in a buy it back up (remember, the volume will likely be very light after the first couple of hours of the day), or they could just let it stay down and use that money for Wednesday. Hard too say what the close will be, as Monday's have a long time reputation now of being "Bullish Monday's"... a name they got for that very reason, they usually are UP days.
So, if you do short on Monday, be careful after the first couple of hours as once that selling pressure is gone the government could step in an turn it all around by the close. It's the day before the election too, so you know it's not going to crash. We could see a 10 point down in the morning, but I wouldn't expect too much more then that... if we even get that much?
It's really going to be a wild ride after Wednesday, but I'm not expecting too much on Monday. So just be patient as around 2:15 pm on Wednesday until the close at 4 pm on Friday... it's going to get exciting! Another side note: most FOMC days are bullish, and I've noticed that the first move is a shakeout move that quickly reverses and goes the other direction within minutes of the first move. Most of the first moves have been down, followed by a rally until the end of the day.
So, while it's possible that the first (again... usually down) is a real move that won't reverse, I find it highly unlikely. The reason is simple... the government doesn't want to be the blame for the coming correction/crash, so they will want one more push up from their statement released about QE2. After they get their brief rally, and the bears get squeezed off the train to hell, they'll proceed with the "false flag" event a few days later to blame everything on.
One more thing, the day after the FOMC meeting I've noticed are usually a down day. Just speculating here on everything, by using past experience to forecast the possible future direction. If it happens as I laid out here, I'll be a hero... if not, then I'll eat some more mud I guess.
Best of luck to everyone...
Red
P.S. Remember what this guy said about November the 14th...
The market sold off early Wednesday, but retraced almost all of the move down by the close of the day. It seemed too be a very controlled sell off as the volume wasn't really that heavy for a down day. It followed the technicals fairly well all day. While I thought it would rally up in the morning and sell off into the close, it didn't have the strength to start rallying until it sold off some more first.
Finally, around midday, the market bottomed and the charts all pointed back up and proceeded to rally into the close. I think it will continue up tomorrow morning until about midday and then rollover into the close. The market is certainly showing signs of weakening as it put in a deeper histogram bar this time.
Last week it wouldn't have dropped as much before rallying back up, which means there isn't too much longer before a sell off begins. They seem too be doing everything they can to hold it up until the elections next week. I have no idea if the high is in or not, but it feels like it is.
Mainly because of the time remaining before the elections and the time of the month. The last days of October the mutual funds should be selling to lock in profits before the elections. They can't take a chance on what the outcome will be, so the safe move is to sell ahead of it.
But, the short term charts are pointing up into tomorrow, so I do believe we'll see another chance to get short before the week ends. I think Friday could see some selling as the GDP will be released in the morning (could surprise?), along with it being the last day of the month for the mutual funds to close their books on the quarter, spells a "down day" on Friday.
Reasons for a down day on Friday:
The short term charts (60, 30, 15, etc...) will likely peak Thursday by midday and rollover into the close.
The mutual funds need to close out the quarter by the last trading day of October, which means they will likely take profits by selling some of their core holdings.
Thursday will be the last POMO day for the week, allowing Friday vulnerable to any selling pressure as there won't be as much money available to buy up the market.
The dollar seems too be breaking out now, and that should put pressure on the market.
The VIX seems too be breaking out now too, and that shows fear in the market is coming.
Now... if it were only that simple, we'd all be rich! LOL. You and I both know that they are going manipulate the market to where ever they want too this Friday. While the evidence points to a down day, if they want to rally it they will. So too be fair, here are the reasons for an up day on Friday:
There are Weekly options expiring this Friday, and they need to pin the market where they pay out the least amount of put holders as possible.
The government doesn't like Friday's to be down, because they want to give the false illusion to the public that everything is "ok" going into the weekend, so they will go out and stimulate the economy by spending money they don't have.
The elections are next week and the government (or at least the Democrats) want to hold up the market until it's over with and blame everything on the Republicans on the coming correction.
So, which will it be... a positive close on Friday or a sell off? Only time will tell, but I'm leaning toward a sell off... especially if we rally back up tomorrow morning to 1185-1190 area by midday. Of course we could roll over tomorrow at the open, if the initial claims and continuing claims numbers are viewed as negative for the market.
While I expect them to be better then expected, if they are too good then everyone will think that the Fed's might raise rates soon, and that they might not get the QE2 money that everyone is expecting. So, we really want them to met estimates or disappoint for that one more move higher in the morning too happen.
If they beat by a lot, I'd expect selling to happen pretty quickly. I'd like too see one more move higher, and then rollover into the close tomorrow and early Friday. But, you don't always get what you want. If we rollover at the open, then things could get ugly pretty quickly.
Not much to add, but tomorrow looks like it's going up in the morning at least, with a possible sell off into the close? I say possible because the gangster have full control of the market right now, and will ignore the overbought short term charts if they want too. I do expect the 60, 30, 15, etc to become overbought by midday tomorrow, which would indicate that they should rollover into the close and end the day lower... but without the necessary volume, and government manipulation, it might not happen? Anyway, here's a video with my thoughts on it...
The G20 meeting this weekend must have spooked the currency market as we had more flash crashes. This post by ZeroHedge shows severals charts of the crashes. So what does all this mean? I wish I knew... but I don't. But if I had to speculate, I'd say a big move is coming next week... and I don't think it's going to be an "upside" move.
While we could still go up, as the gangsters still have the printing press going full steam, the upside is very limit now. All the leader stocks are at nose bleed levels now, and it's hard to push them up any higher without a pullback first. We all know how they rotate from sector to sector, pumping each one to keep the Dow, Spx, etc... from collapsing.
They might keep up until the election, and the dump it hard. However, at some point, gravity will take over and market will sell off hard. All these flash crashes show you how vulnerable the market really is. One surprise false flag event, or some other major default, would crash this market in a heartbeat! So be on your toes, as when she falls... it will be fast and hard.
Looking at the charts, the market is clearly ready to rollover and drop quickly. I think we'll see it happen next week, as smart traders will bail out before the elections. Who wants to hold on any longs when the QE2 is most likely already priced into the market now. That limits the upside, even if it passes as the market expects it too. But what happens if it doesn't pass?
If I were a big time billionaire, and was already long the market from the 1040, (or 1010) lows, I'd be cashing in my chips this coming week, as missing out on a few points higher from more stimulus money is better then losing all my profit if the stimulus money doesn't show up.
While I'm sure most of the billionaires have insider information as to where the market is going after the election, so all you have to do is see what they are doing. Since they are likely the "smart money", and are commonly referred to as the "big institutions", just look at these charts Cobra posted to find out the real truth.
Looking at the first chart, you can see that the institutional selling is at a very low point right now. Notice that the chart looks eerily similar to the last few days of the April high... just before a huge fall? The last few days have also showed a slight move up in the distribution.
This chart should speak loudly to you, as "they" are on the "inside" and know what is coming next. Look at the accumulation levels too... does that look to you like they are buying heavily in anticipation of another big rally up? It doesn't look that way to me, in fact it looks like the amount of buying is lower then the previous run up from the July 1010 low to the August 1130 high.
Remember this people have the inside knowledge, and "if" the market was going to be push up to our DIA 118.16 FP now... those buying levels would be much higher then they are. Our DIA print isn't coming until next year I believe. I see a sell off coming first, and then another ramp job into January-February of 2011.
Reinhardt posted this picture on his site a few days ago, and all though he's not telling you what it means, I have my own ideas to the message it's sending. To me it means that the bottom will be around the date in the Wallstreet sign, and the top will be around the Legatus sign.
It should line up with the charts too, as a big sell off from now to mid-November, followed by a rally into late January could fulfill the downside FP and the upside FP too. After that happens... well, who knows? Either the market will rally up to Dow 38,000 (as Mahendra forecasts) with massive inflation (that will $20.00 for that Big Mac sir, and for only $5.00 more you can add a small fry with that).
Or... the Great Depression Two begins and the market crashes all year long with Dow 2000-3000 being the downside target area. Which one will it be? I don't know, but either one spells disaster for the average person. I can't afford a loaf of bread that cost $10.00 anymore then the effects a crash like that would cause. Can you imagine how many more people lose their jobs and become homeless? Talk about a skyrocketing crime rate!
Both cases are extremely bad, and I wish neither of them would happen. Maybe they won't? I really don't know? But if I were a gangster, I'd crash the market, create massive unemployment, start WW3 and kill off a large percentage of those unemployed. And let's not forget to buy up every asset you can get your hands on, for pennies on the dollar. It's basically just robbery... and you know that's probably what they plan too do. But will they succeed?
Moving on...
What are the charts saying for next week? The short term charts put in a bull flag on Friday, which means a move up should happen on Monday morning. But will it? If it does, I don't think it will go very far, as the weekly put in a reversal candle pattern, and so did the daily chart.
I really can't see this market ending next week up, as it's up against heavy overhead resistance too. I won't say it's impossible, as we bears know all too well how this market can stay overbought longer then anyone ever expected it too. The manipulation in the market is at extremely levels now, and with the election less then 2 weeks away, I wouldn't put anything past the gangsters.
If they really want it higher, they will make it happen. But, I think they are planning for a sell off, as those 2 charts from Cobra's blog show you their really intentions... not what B.S. is being spewed out of their mouths by the bought and paid for media outlets.
With that said, I do believe we will see some selling next week. How much is unknown, but all the flash crashes we've been having lately might be early warnings of what's too come. Just keep on the look out for some false flag event to be blamed on the crash, should it be a "crash"... and not just a correction? It's impossible to know what they have planned of course, but at least a pullback is highly likely next week. Anything more then that is just a gift for the bears.
The market didn't play out exactly as I expected it to, but then again... it rarely does! I expected it to roll over in the morning and sell off most of the day, and then rally back some on Friday... but it fooled me. I guess "overbought" isn't the same as "extremely overbought", so the market rallied up in the morning hard... really stretching all the short term charts into very overbought territory.
Then about midday they finally rolled over and sold off fairly quick. They went down to almost the 117.20 spy FP level, and then reversed back up into the close. At the end of the day, all the short term charts started to turn back up from their oversold conditions.
This means tomorrow is very likely to rally up in the morning, as the charts are now supporting a move up, and they have another POMO day tomorrow too. Plus it's a Friday and an option expiration day too. I believe it's the weekly's expiring this time.
That means they should rally up to pin the spy at a level that they have too pay out the least amount of option holders. It's usually the "puts" that get squeezed hard on opx day, but not always. Sometimes they push it down so they don't have too pay out the call holders.
However, tomorrow could go either way? In the latest Mr. Topstep video, his guest speaker George Cavaligos quoted that "open interest has dropped as the market has rallied the last 2 days", which means that it doesn't need to be propped up as the market makers don't have to worry about pinning the levels because there aren't to many option holders left to pay out on.
This means that they could just allow the charts to play out naturally tomorrow when they finally get overbought around midday as the POMO money will be used up by then, as well as the charts themselves will have worked themselves into overbought territory again.
That doesn't mean that they will let them drop into the close of course, it only means that they don't have any real reason to manipulate the market higher (or hold at the high) because they aren't at risk of losing any money on the small amount of puts left in the market.
But, the government doesn't usually like to let the market drop on Friday as they want people to go out and spend money over the weekend... which a huge sell off on any Friday would make people think twice about spending money on their time off from work. It's a game the gangsters play to trick the public into thinking that everything is OK (keep your eye on the carrot here in my right hand, while I pick your pocket with my left hand).
Anyway, I'm looking for a move up in the morning as the charts are now pointing back up again. About noon or so, I'd estimate that they will get very overbought again, are could rollover into the close. I say "could", because there won't be any more POMO money left to support the market the rest of the day, and there won't be any reason for the market makers to hold it up either.
So, it's free to fall simply based on the charts being overbought again. But will it? I don't know? We'll have too wait and see I guess. However, if it goes up all day and gets really overbought again, it could set Monday up as a big down day. Not that I'm calling for one, or believe it will happen, as most Monday's are "Bullish Monday's"... but the charts could be aligned that way by the close tomorrow.
For now though, let's just wait and see. I'm calling for up in the morning, and it stalling around midday. At that point it could be held there until the close, or roll back down and sell off in it... probably closing lower then the opening level if the momentum really kicks in.
Wednesday update... we came close enough to the 118.55 SPY FP I believe, and should roll over tomorrow. I made a mistake in yesterday's video about the Initial Claims and Continuing Claims numbers, as they aren't released until tomorrow morning. Since we have already went up and got the short term charts all oversold, I now expect the numbers to disappoint and be blamed for the selloff.
The charts say we roll over tomorrow, with or without the claims numbers... but the media will likely blame it on them, as they have too report something I guess? Anyway, I'm looking for selling in the morning at least. How deep it goes will be based on the data released. If they aren't too bad, then we shouldn't fall too far. We got many downside FP's toward the last hour of the day, and most are in the upper 116 level on the spy. I do think we will hit them tomorrow. As for Friday... I don't yet?
And they look pretty hungry to me... (Is this really an Easter Bunny, or a Bull hiding in a bunny costume?)
Finally, the market had a nice sell off... but will it continue? Stay tuned for next weeks episode of "As The World Turns"... Ugggh, sorry! I got side tracked on that last sentence. Sometimes my mind just takes me off on another trail. LOL.
So, to finish the last sentence in my video... "under normal circumstances, I'm looking for a pause day tomorrow". But, (and there's always a "but" it seems... wonder why?), since the Fed's are so hell bent on stopping the market from a natural sell off, I'd say we are going to rally tomorrow on better then expected Initial Claims and Continuing Claims numbers, as well as the Fed's Beige Book report.
Too me, it's just going to provide another spot to get short. Look for the rally (if it happens?) to start around 10 am and end by about Noon (or sooner?). At that point I'd expect the 5, 10, and 15 minute charts to be overbought. But, the 30 and 60 will take a few days I believe.
Now, it's going to be more of a "gut feeling" about going short about that Noon time period, as we need to see how the market is acting. If it's trading mostly sideways, with only a small rally, then we will likely fall into the close and/or Thursday as well.
But if it moves up hard and fast, going higher then anyone expects, then the shorts are getting squeezed badly and we might have too wait until Thursday for the 30 and 60 minute charts to get really overbought again. That might take the market up to that 118.55 spy FP we got today?
I don't know for sure of course, but those intraday print are usually hit within 1-3 days. It's going to be more on just a feel for the market tomorrow, as predicting it solely based on the charts is not working in a heavily manipulated market... like the one we live in!
Just remember, sideways trading during the POMO time period equals a "bear flag", and the market should fall in the afternoon, when the short term charts reset themselves and get top heavy again.
But, a sharp move up during the morning session could set up the market for a continued move up on Thursday too... which would allow it to reach that 118.55 spy FP, should they plan on hitting it this week? Maybe it is meant for another time period? Hard too say at this point.
Just hang out on the blog and read the comments as usual, and I'll let you know my thoughts when the market gives me some clues. For now, I'd expect a flat to up day tomorrow. But more selling is coming, so don't buy into any bullish ideas that this "one day" correction reset the larger time frame charts, and we are going to rally up to new highs now... they are all still very overbought!
Yes folks we had another flash crash at 4:15pm EST that put the SPY at 106.46... a 12 point drop (about 120 on the SPX)! All orders were canceled and I'm sure it will be blamed on another "fat finger" (how many fat fingers does this guy have anyway?). LOL.
Regardless of the print, Apple sold off about 20 points in afterhours from have a disappointing future outlook, and not beating the "whisper number". So, unless the banks really blow out earnings tomorrow, I'd expect the market to sell off some. How low is unknown of course, but as long as the companies reporting do a better job then Apple did, then maybe a correction down to support at 1160-1165 area would be my best guess at the first downside target.
If that breaks, then the 1140 level should give some good support. Of course all of these support levels will be blown through hard if the banks really disappoint. Let's assume they borrowed Ben's eraser, and fudge their numbers properly, which as long as they did the market isn't likely to revisit that flash crash level tomorrow (crossing fingers here, hoping it does).
Will Next Weeks' Earnings Cause The Market To Sell Off?
I think so, as I believe the market has been "buying the rumor" and will now "sell the news". With big names like Apple, IBM, Goldman Sachs, Wells Fargo, Bank of America, JPM, and several more, then odds of all of them beating estimates huge is very slim. The market has run up hard and fast over the last several weeks, and is now at nose bleed territory.
So have many of the stocks coming out with earnings next week. If any of them disappoint, or even just "meet" estimates, that's not going to push the market any higher. They all need to just completely blow out estimates, and give a stellar outlook for future earnings. I just don't think that's going to happen.
It would be different if the market had been selling off for the last 3 weeks, as then they would just need an excuse to rally, and just meeting estimates would be a good enough reason to do so. But since the market has already rallied, it now going to need a whole lot more... if it wants to continue higher.
I think the top is already in on this market, and next week we'll see some selling. I think that the trendline that has been supporting this rally since it started will break on Monday after the bell or Tuesday morning. From there, it's down hill for a few days (at least).
There are other reasons to expect a sell off too... the dollar! It seems to have bottomed or will bottom in one more day... probably Monday. It's almost at a serious level of support, that will be a double bottom from months ago. The same thing is happening in reverse on the Euro, as it's also at a major resistance level.
Since the market trades the opposite of the dollar, any rally in the dollar and the market will sell off. This will cause gold to sell off too. The earnings coming out this week will just be an excuse to sell, as the dollar will be the real reason the market will be going down.
Of course any of the companies that disappoint will help increase the selling. Apple and IBM are already at extremely high levels, and even if they come out with great earnings, their upside is very limited. The banks could save the market if they all beat estimates, as they did sell off some already... meaning that they could bounce if their earnings are great.
But, if they also disappoint... look out below! Now I don't think they will, as we all know how good they lie, but they are under a lot of pressure right now as this foreclosure issue isn't going away soon. More and more people will default, and these banks are going to take the heat for it. Whether or not they actually lose money from it is unknown? Remember, they pushed off most of that toxic debt to the America people. But not all... they will still suffer as they have plenty of freshly defaulting loans on their books, and we ain't buying that crap from them!
The banks led this rally up, and they will lead it back down. While we will likely have a choppy week coming up, as wild swings occur from the various companies beating and not beating estimates, I still see the week closing lower. Google might have beat estimates on Friday, but look at how it affected the market... I didn't see much upside, did you?
That tells me that even if every company beat estimates next week, the overall upside in the market is very limited. But, what are the odds of every company beating estimates, and the dollar breaking down lower through major support? Slim is the answer...
While the gangsters in Washington can continue to print money at light speed, they can't manipulate the larger time frame charts that easily. While they can strecth out the charts to extended levels, at some point the charts will react as they should... meaning that "They will work again"!
Yes, the government can only do so much plugging of the dam... but eventually the pressure is too great and the dam will burst. We are at that level now. The dollar is not likely to breakdown through the double bottom support, and nor is the Euro likely to breakout over the resistances above. The charts say a breakdown in the market is coming next week, and I believe the gangsters can't succeed in manipulating them to a point that they don't work at this point.
Too many events are lining up together, that it's just to hard too control everything. The dollar, euro, gold, and all the major players coming out with earnings next week too... it's going to breakdown, I can't find any way to stop it at this point.
Ok, let's throw the charts away for a moment and look at the political agenda that's out there. The election is just a couple weeks away now, and the Republicans are expected to take back enough seats to remove the Democrats from having full control in congress and senate. What does that mean?
Well normally the market likes to have a stalemate in both houses as no big changes ever happen because both parties are always arguing over the details of each bill. But if one party has control then they can push through new bills that they approve fairly easily, and that worries the market as some of those bills can effect their ability to steal money from the taxpayers (errr... I mean "make an honest profit").
Right now they gangsters have been loving the free money the Democrats have giving too them, but they are worried that the Republicans might change all that. So it's a tough call for the market, as they would like to see the Republicans win enough seats to produce an equal number of both parties in both houses, which should make the market feel more at easy... and therefore allow a continued move higher.
But, it would also likely cut off their free money supply that the Democrats have been giving them. So do that mean that the market wants the Democrats to remain in control? Probably not, as the continued printing of money will also push the dollar down to a level that the market will view as "Bad" for the health of the economy. They know that the Democrats will continue to pump more money into the market, with some new Quantitative Easing program... but it's not being working so far, and the market knows that.
It really put the market in a very confused state of mind. Which party do they want to win? I can't answer that of course, but at this point I don't think it's going to really matter. I think the market will sell off regardless of which party wins, and the media will spin the news to reflect it that way.
Also, there is more "meetings" taking place too. And when they involve a list of people that their combined wealth is 30 Trillion Dollars... you better listen! I'm talking about the G20 meeting on November 11th-12th, and the 112 members that will be there. I can assure you that they will be making changes that will affect the market. So what will they be? Will we sell off into the meeting, or after the meeting?
Well, base on the charts, we should be selling off into the meeting. After the meeting they will likely pull another rabbit out of a hat, and rally the market. What will it be? Another QE program? I don't know, but that meeting is just as important as the Bilderberg meeting and Legatus Pilgrimages were.
After all, it's probably made up of the same members. Here's an interesting link to it on Seeker401's site (Follow the Money). I like his comments at the end, and agree... we are overdue for another false flag event. It's sad but true that these gangsters will have staged probably every major disaster/event in the last hundred years. Who knows which ones were staged and which one's weren't?
However, even though the charts alone say that the market should crash over the next few weeks, that not enough for the gangsters. They will likely use this large move down to create fear with another disaster. Of course they will profit from it too, but they thrive on fear and evil too, so using this to their advantage will be their plan.
Just look for Obama to be sitting in another classroom of kids while a staff member comes and whispers into his ear that the plan was successful and the disaster has started... just like it happened with Bush and 911. Obama will smile and continue chatting with the kids... just like Bush did. Wax on... Wax off... Wax on... Wax off!
Ben Fulford reported that Japan recently located 5 of 6 atomic bombs that North Korea smuggled into their country last week. Will the remaining bomb be used to start WW3? Or just to cause a stock market crash? Will it be set off in Japan or America? Who really smuggled the bombs into Japan... North Korea of the Federal Reverse Nazi Gangster Gang? You know who I suspect is really behind this...
By the way, please bookmark and forward this post around to everyone you can. We need the people to wake up and realize what might happen in the next few weeks. These false flag events that the gangsters create are a horrible thing, and really make my blood boil just knowing that I don't have the power to stop them! I would if I could, but the only power I have is this blog and these constant posts I make about them. So please spread the word if you care as much about the human race as I do.
Moving on...
Looking over a Reinhardt's site I see that he posted a nice picture with the words "Crash of 2008" in it. The link above takes you to another page with a picture of what appears too be dear running. More likely he meant "bulls running", but maybe he didn't want too be to obvious? What should stand out to you is the date listed below that picture... "October 24th, 2010".
Now I'm not going to say that's the "crash date" or anything like that. I'll only say that the daily and weekly chart should roll over this week... and since that date is this coming Sunday, it might simply imply a "starting point" for coming crash. I will say that if the market can't breakout to new highs this week, (and I don't believe it will), the following week could be very ugly.
Just put all the pieces together folks... a dollar almost at a double bottom level of major support, the euro at a heavy resistance level, major earnings reports out this week with the news already priced in, the November elections just weeks away with the Republicans favored, a G20 meeting just shortly after the election, one missing atomic bomb in Japan, and let's not forget the ritual side of the market (from the video I posted on last weekend) that November 14th is 777 days from the September 29th, 2008 one day Dow loss of 777 points.
The bears were fed today, but make it last as Friday will likely rally up... at least in the morning session. Google popped up 50 points afterhours, should give the market an early morning lift. But, by the afternoon session we could see the short term charts get over bought and some selling into the close is possible. I'm not calling for anything big, but overall I'd just say that the close could be just slightly positive or flat, as I expect some of the early morning gain to disappear by the afternoon, and into the close.
Next week is still unknown, but if they are going to fill the DIA 118.16 print, they've got a good opportunity next week with all the earnings coming out. Maybe we will hit it within the next week or two? Maybe... just maybe? ...but after that, all hell is going to break lose!
Up Up and Away! Dow 20,000 by Friday... and the cost of a loaf of bread = $20.00! The government gangsters should be brought up on criminal charges and publicly hung. The Fed's make the Mafia look like Mother Theresa. They are the most evil and corrupt group of gangsters in the world.
By constantly crushing the dollar, day in and day out, it's now worth 10% less then it was just 3 months ago. It's nothing short of a 10% tax being put on the American consumer. It's robbery, and no one seems to be able to stop them. While I do believe that there are many "white hats" (good guys) secretly arresting these thugs, it's not being done fast enough.
At the rate we are going, these gangsters will succeed in producing the largest crash ever in the history of the stock market. If we continue to push up to the FP of DIA 118.16 (which I believe we will), then the fall that will come after it will completely wipe out millions of peoples' life savings, and asset values.
If you think the housing market has bottomed now, just wait until 2011-2012 as the Dow likely be cut in half by then. In fact, I think they could reach that upside FP by election day, and then start crashing week after week following it. I know a lot of bears are getting hurt right now, and I'm not giving advise.
However, I'm not getting heavily short until that print is hit. While we could still dip down a little tomorrow, and I do believe we will... it will likely be just a buying opportunity for the continued ramp toward our upside target. How low, I don't know? But tomorrow is looking like it should rise in the morning and sell off in the afternoon closing down for the day.
One more thing... here's a video that was sent to me, and I think it's worth everyone watching it. While I don't know if November the 14th will be the big crash date or not, I do know that the Illuminati are big on rituals, so he could be right?
Certainly with all the POMO dates on the schedule between now and the election, they will likely be able to go up and fill the 118.16 print. After that... it's a dozen or more downside prints that will be anxiously waiting for their turn to be filled. And they aren't even close to the upside print!
In fact the Dow 8300 FP would then be 2500 points down from the upside print! Now that's one huge crash! So, just hold on to some cash gang, and the trout will be swimming up stream soon, and the river will be bone dry! The bear feast will be on once again!
In the video, I say that Wednesday is another POMO day, but that's not a guarantee... only a guess. They are releasing their schedule on this coming Wednesday, but I don't know for sure that it will also be a POMO day too. However, many times the Wednesday of the opx week will be the high for the week, and then the next two days are usually flat.
Not always of course, but I've noticed that most traders have closed out their options by Wednesday and the rest of the week just chops around until the close on Friday. They will of course pin the SPY at a level that will benefit them the most. The question is... will it benefit them to sell it off because there are too many calls, or push it up (or hold flat), as there are too many puts.
In the past, there has been too many puts, so they close it up. Will this time be different?
Some things never change, as the government will always be evil and full of crooks and gangsters...
So what made me think the charts would be followed this time? Maybe because they were working just find up until last week. Everything in the charts last week pointed to a 50-100 point sell off in the market, yet the gangsters defied gravity and manipulated the market higher once again.
No one can tell me that last week was something you could foresee and forecast from reading the charts, as every indicator pointed to it rolling over. This makes it extremely difficult to gamble in the market, as the gangsters can see what you have in your hand.
Sounds unfair, sounds crooked, sounds evil, sounds hard too beat... all true, but what can you do about it? Not play the game is the only answer. At least for us option players, as going long with options will not make you money very often. The lower vix as the market rises will suck premium out the value of your options faster then Lindsay Lohan can get high!
So, you either have to buy the etf's outright (which is a whole lot of money, and out of most peoples' reach), buy a call spread (works, but how do you know what the upside target is for the call you are selling), sell a put spread to capture the high volatility priced into the option (kinda of insane, as once you finally decide to place this trade... the market crashes!), or just sit on the sidelines in cash (which isn't too bad really, as you've only lost about 10% in buying power in the decline dollar in the last several month... which is better then losing your whole position on another B.S. rally that wipes out your puts completely).
Maybe that's why the retail trader just took his money out of the market and isn't doing any investing? No one believes anything the government says, so putting your cash under your mattress seems too be back in style now. I can't say I blame them, as I'm certainly no lover of the government either. I still think we should bring back public hanging, like in the old western days. Let's string them up from a tall tree and broadcast it live on FOX News (their favorite controlled media outlet).
Well, enough ranting and raving, let's try to figure out what's coming next week (and that's a Big "TRY", as no ones really knows what kind of cards they'll be pulling out from the bottom of the deck next week).
Looking at the charts (which really don't matter anymore, but humor me), the weekly has finally started to look ready to roll over some. It's in the high 80's on the Stoc's and almost has a bearish touch on the moving averages. While I don't expect it to just roll straight over and head back down, I do expect a dip to happen, and then some choppy action until the end of the month.
Why? Because the of election on November 2nd... plain and simple. I've given up on a crash coming before the election, and will simply say that I expect the gangsters to continue pumping money into the market all month long, keeping it from crashing.
While next week could sell off, I ready doubt it as it's another opx week. I've noticed that the market tends to sell off the week after opx, but rarely the week of opx. Since we have another POMO day on Wednesday, October 13th, I'd expect a rally up on that day.
So, that means we could go down some on Monday, and possibly more on Tuesday... only to be bought back up on Wednesday. In other words... very choppy, just churning sideways in a range until the opx is over. Then a move down the following week could happen, and should happen... but will it?
Here's the thing that's been bugging me for months now... that dam upside FP of DIA 118.16! You know the bulls aren't going to stop here, just shy of the 11,000 mark... and the FP is about 11,800 on the Dow which isn't too much higher from where we are now. This leaves them about 4 weeks to get to it before the elections.
Remember, most analysts are expecting the Republicans to take back control of the house and senate, which means they will put an immediate stop the money machine. That means a big sell off (crash) should happen as the bulls won't have anymore crack to snort (maybe they can get some from Lindsay? ... sorry, I had to go there! LOL).
Now that doesn't mean that they won't eventually start printing money again, as both Republicans and Democrats are afterall... still Politicians, and once the market starts crashing they will cave in and bail it out just like the current gangsters are doing.
But, we could see our downside FP of Dow 8300 play out... if they stop the money tree for awhile? But in the meantime, that upside print is still bugging me, and until it gets filled I just don't see any big sell off sticking. Next week isn't showing me any clear direction, and the week after isn't either.
I only expect it to be the week the market corrects, because it's common to see the week after opx as the "down week", as it's happened so many times in the past. Of course there's no guarantee on that, as the only guarantee I can give you is that the government is out to steal your last dime and will succeed if you play their game too long.
I wish I had a crystal ball, so I could tell you where the market is going, but I don't. Actually, I don't need a crystal ball... I just need someone to plant a "bug" in Ben Bernankes' office, so we can here what all the gangsters are planning to do. Anyone out there want to volunteer? I didn't think so 🙁
Well, I can't really think of anything else to say? Not much going on right now. Hey! What a perfect time for a surprise crash! Nah, I had that dream last week... Wishful thinking again!
When will it ever stop? When Bernanke, Geithner and Obama are kicked out of office I guess?
You know, when I said on Monday that I expected Tuesday and Wednesday to go up because of the POMO money, I never expected such a strong rally. The government continues to manipulate this market making charting about useless sometimes.
At the end of the day Monday we had a bear flag form, which usually plays out... but not with POMO money the next day. So now that the money is gone, and Thursday and Friday are left to stand on their own... without government interference, will the market fall?
I just don't know at this point? They managed to reset most of the shorter term charts to a bullish alignment. Only the longer term charts are still bearish. But, with the government controlling the data released this Friday, I just don't know what to expect? Do they plan to surprise everyone and release numbers that will cause the market to tank, or will they push it up or sideways for another week?
As much as I'd like to stay that it's going to tank on Friday, deep down I know that "they" have the ability to keep it up for a long as they want too. It seems they have an unlimited supply of Viagra, and nothing is going to stop them from continuing to push it up higher.
It really gets too me when so many traders are losing money on what should be a "simple trade", that is manipulated by the gangsters at the Federal Reserve to steal their money. There is just NO logical reasoning for the rally we had yesterday and today. It's 100% manipulation!
So just how do you play it? You can't go long at this point, as I truly believe this rally is now 99% done... and who's crazy enough to try and play that last 1%? When this thing finally rolls over, it's going to wipe out a months' worth of gains in one or two days... just like the flash crash did!
I don't know what else to say other then to expect some "event" to happen soon, which will be blamed for the coming crash. I don't know "when", as they seem to be able to push a string up hill successfully... a feat that I've never seen done. But, they are in the driver's seat right now, and it's going to crash when they are ready.
Maybe it will start this Friday as I expected, with the non-farm payroll report (or something else?), or maybe they push it out to next week, but everything tells me it's coming this month. Those larger time frame charts, like the weekly and daily, are much harder to reset then the 60, 30, 15, 10, and 5 minute charts.
Could they do it? Yeah, they could I guess... after all, Goldman Sachs is doing "God's Work". So printing more monopoly money, and manipulating the market for another week, month, year, or forever is totally possible with God on your side.
Sorry gang, I'm just working off some steam writing tonight. I'm just sick of this manipulation. I just want to have all the gangsters lined up and shot, as they are destroying America! Every dollar I have in my pocket is now worth about 50% less then it was just 3-5 years ago.
You can't find any combo meal at McDonald's, Burger King, Wendy's, etc... for $5 bucks or less anymore. It's about $8-$10 dollars for anything worth buying. It's all because of the government banksters/gangsters manipulating the dollar down.
On top of that, my electric company just increased the electric bill 12%! My bill was $360.00 last month, and now they are raising it another 12% on top that! It was only about $250.00 as little as 3 years ago... man that ticks me off! I just need a place to vent out my frustrations, so this blog is about the only place I can do it.
Beating my head on the wall hurts too much, so I'll leave that to the younger and dumber males out there. I'll just sit back and enjoy this cheap beer, and let my finger type out my anger about life right now. Besides, it's a lot less painful then beating on something... LOL
Ok, back to the markets...
The weekly, daily and 60 minute charts are ready to roll over, but the 30 and 15 minute chart are ready to go up... which would fulfill the bull flag left on the charts today. That means another push up in the morning from those shorter time frame charts would be attempted.
But, the longer term charts, which are more powerful, should put enough downward pressure to stop an large move up... especially since we don't have anymore POMO money tomorrow. Now, once the 30 and 15 go positive and get overbought (which should be the first half of the day) the rest of the day could have some selling? I say "could", because the gangsters can work off the charts if they want too?
I just don't know what they have planned? If they have this Friday planned as the start of the crash, then it will certainly surprise about every bear out there. I have too admit that even I'm starting to believe that it will never come, as the manipulation is just too great to over come.
It seems that no about of negative news, negative divergence, overbought charts, extremely bullish sentiment, or (insert whatever here) will bring this market down. It's a zombie bull... somebody shoot it in the head!
That's enough rambling gang, good luck to everyone...
