Comments for Red Dragon Leo

Comment on Weekend Update… by zstock7

zstock7 — Sun, 01 Aug 2010 10:52:22 +0000

Red, Nice video as usual.
Here's an extreme sports outlook? Weird phenomenons?
When I look at your SPY weekly, I see a potential rounded bottom, with a top at 1200. Thus the term ” extreme sports!”
on that note,
I don't have anything substantial to support this outcome.

Comment on Weekend Update… by zstock7

zstock7 — Sun, 01 Aug 2010 10:40:31 +0000

Are you psychic? because I just finished looking at WFC, in depth.
If I use our dear Red's method of counting waves...

I get.. wave 4 bottoms at 25.6 - 26.2, then goes higher to 29.4. This week.
Overnight charts sort of confirm this, and GS's paid partners in crime, WSJ and CBS MW, moved WFC target price higher to an average of $34. That's 10 freaking, percents higher. It's also the 200 day regression top line.
I wouldn't say short WFC at 29.4, but I'm going to. small position.
JPM, I'll look later.

Comment on Weekend Update… by Reza

Reza — Sun, 01 Aug 2010 09:27:48 +0000

Z
what about JPM, WFC

Comment on Weekend Update… by zstock7

zstock7 — Sun, 01 Aug 2010 09:12:51 +0000

I've also posted in the recent past, I wouldn't be surprised if BAC tested 12.5.

Comment on Weekend Update… by zstock7

zstock7 — Sun, 01 Aug 2010 09:07:29 +0000

CAH long, 30.75, still has some more downside left, before it's a buy, imo.
http://zstock7.com/wp-content/uploads/2010/07/c...

Comment on Weekend Update… by zstock7

zstock7 — Sun, 01 Aug 2010 09:06:19 +0000

SKF, seems to be putting in a sustainable base at 19.5, and wants to go to 21.5, it's 50 day.
I'd be short banks, SKF at 19.5
The most upside for RKH, that I can see, is 80.95 for next week.

Comment on Weekend Update… by zstock7

zstock7 — Sun, 01 Aug 2010 09:03:55 +0000

Hi Red, I found you a good reference point to short bank stocks.
RKH's 200 day is 80. In the current environment, Spain, Europe, weak US data, deflation in gold…I'd short RKH at 80. stop is 1.2% or 81. Simple enough stop.

Comment on Weekend Update… by Red Dragon Leo

Red Dragon Leo — Sun, 01 Aug 2010 03:47:38 +0000

You're welcome my friend…

I haven't seen an new video's by Gerald Celente lately, but if you find one, be sure to post it.

Comment on Weekend Update… by Pzy5t0

Pzy5t0 — Sun, 01 Aug 2010 03:20:46 +0000

Thanks Red, excellent summary as usual! You know that Gerald Celente predicted a terrorist event this summer of 2010, which may be the catalyst to trigger such a large crash in DOW? Perhaps next week we get a shocking wiki leaks video to set up retaliatory response from the middle east, or maybe a major bank goes bust or just more bad news from the gulf? I do not know, but any intelligent financial economist will tell you this is a depression, and it’s not if, but when the next crash occurs. One must remain vigilant and prepared in these times, so I thank you for your blog site. Best regards and have a great weekend!

Comment on Is It Over Yet? by Red Dragon Leo

Red Dragon Leo — Sat, 31 Jul 2010 23:49:17 +0000

Weekend Update is up now…