Weekend Update – Wallstreet Never Sleeps

Thursday Update…

One more push higher, then look out below!

Red

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Tuesday Update…

Wednesday looks like a down day, as even if the market manages to gap up and reach the 1130 level, it’s like to fall back down and break the support line from this rising wedge it’s in. We are within days of some serious selling I believe. Next week Ben Bernanke is likely so say something on Tuesday that will likely be blamed for the coming sell off. But we all know it’s just what’s in the technicals…

Red

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It’s been awhile…

All of last week I was have computer problems and just realized that I haven’t made a post since the last weekend update I did… sorry about that.  But, at least I picked a good week to do it… as this coming week should be pretty exciting.  After much pondering on whether or not they are going to pump a ton of new stimulus money into the market, which could rally it to the DIA 118.16 FP level… I don’t see it happening now.

I think that the last week when Bernanke promised to “do whatever it takes” (meaning more stimulus money)… has now run it’s course, and the rally is just about over.  The first time it worked for 13 months, and by April it ended.  The rallies in between were more attempts to jump start the market, and only lasted a short while.

This should be the last injection of money by the Federal Reserve gangsters as the Fed will likely be bankrupt by the end of this year.  There is still the planned switch to the newly gold backed Amero dollar, as Ben Fulford reports on it.  The end of the Fiscal year is this September 31st, and in his last report he spoke of the US defaulting on it’s international debt.  When or if it really happens is unknown, but if it does… you will see market crash hard.

The new “WallStreet” movie called “Money Never Sleeps” is coming out on September the 24th, just 4 days after the Legatus Pilgrimage ends.  The last Wallstreet movie was in 1987, just around the time period known as “Black Monday”… remember that?

Reinhardt now thinks that we aren’t likely too see more stimulus in the third week of September, an my old friend that used too post many comments here also believes that “the high is in” (for the year).  Those of you who have been around awhile will figure out who I’m referring too (hint:  he has a thing with num-bers).

The charts show us that the market is ready to roll over at anytime now.  Next week we should see a move lower, which could be the sell off we are look for, or just the “B” wave down (inside of wave 2 up), with the “C” wave up yet to come.  If so, then it should peak around that September 20th-24th time period.  I’d guess at the triple top level of 1130 spx, or possibly just a little higher (only to take out overhead stops… just before the sell off begins).

Of course we could also just sell off next week with a smaller wave 1 (inside a larger wave 3), with a smaller wave 2 back up the following week… and then the mother of all waves!  A wave 3 of 3 of 3 of etc… etc… etc…  (meaning “ONE BIG CRASH”)!

I think that the Democrats that are trying to hold this market up until after the elections in November, but they are going to fail now I believe.  Too many signs point to a final top within the next 2 weeks occurring.  As much as they’d like to keep it up… the Viagra is wearing off now, and no amount more is going to work anymore.  Sometimes it’s just needs to go down and rest, and Dow 8300 is the likely resting point for this sick market.

I’ve been leaning bullish over the last few weeks, ever since that weekly chart (and the daily too) pointed back up on the histogram bars.  It was also around the time that the Fed’s pump more money into the market.  At that time period, Reinhardt was still putting up pictures of women that were… how should I say this?  errr… “in a stimulated state of mind”.

I wondered why he was think that, as Bernanke already promised more money in the last Fed meeting about 2 weeks ago now.  If he promised it back then, before the Legatus Pilgrimage (and the market rallied hard from it)… then what’s left to do after the meeting?  Can you say… nothing? … as in “let the market fall to pieces”.

I’m glad to see him change his opinion on it, as he’s been correct too many times when it comes to the market direction before and after a Pilgrimage occurs.  I don’t like being on the opposite side of someone who has proven his ability to call the market direction correctly so many times.

So, let’s try get a little closer look at next week.  The daily chart is still pointing up, but can roll over at any time now.  The 60 minute chart is still pointing up, but also can roll over at any time now.  (I know, that’s not much help… LOL).  My point is this, while the charts are pointing up, the market is in in a rising wedge with ton’s of overhead resistance and some of the lightest volume of the year supporting it.

That all spells danger!  Danger Will Robinson… Danger!  (you need to be at least my age to understand that quote).  The triangle forming on the 15 minute chart could gap the market up on Monday, if it breaks out to the upside.  Of course if it breaks down then the market should fall pretty hard from it.  I’m leaning more for a breakout to the upside because of the 60 minute, daily and weekly chart still pointing up.

I’ve seen them rally all week (like last week), and get all the bears short at the end of the day on a Friday… and then gap it up on them Monday for the squeeze out, which then quickly reverses with no bears left to profit from it.  Just typical manipulation on their part.  Trick the masses, and not allow them to profit from the coming sell off.  That what leads me to believe that we have 1-2 more weeks left before the wave 3′s begin.

However, if we do go up on Monday, I think we’ll sell off on Tuesday.  Whether or not that is the start of the coming crash or not is still unknown?   It depends on how far down we go?  If we end the week out close to the 105.39 spy FP area, then I think the coming crash has started.

But, if we only sell off a little, and rally back to close the week out slightly down, flat, or even up (I doubt it, but possible), then that leads me to believe we’ll see one more push higher to at least the 1130 triple top area.  The time is near though, as we are about to see a big stock market crash coming… and it’s likely to surprise a lot of traders too I believe.

Ok, to sum it… I’m leaning more toward a continued move up on Monday, and some selling on Tuesday.  If the selling doesn’t go down below the rising channel line now forming (about 1080-1085 area), then a final “C” wave back up into the week after this one is likely.  That would top it out around the end of the Pilgrimage and the release of the new Wallstreet movie.

The other possibility is a sell off down to the 105.39 spy FP by the end of this week (making a wave 1 down, inside a larger wave 3), with the following week retracing part of the down move (making a wave 2 up, inside a larger wave 3 down)… which leaves same time period of the 20th-24th to start the multiple wave 3′s down (aka… a “Stock Market Crash”).

Hopefully everyone can get positioned short over this coming week, and possibly next week, as the move down is going to be very profitable (for the bears that is… he he he).

Good luck everyone…

Red

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Weekend Update – Market Manipulation To Extreme!

Friday afternoon update…

Looks like I “may” have figured out my computer problem? Let’s give it more time first, but it seems to be running stable now.

Red

P.S. Have a good weekend everyone…

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Wednesday update…

No More Taking The Stairs UP!

(I made a mistake thinking today was Memorial Day in the video. Duh… it’s Labor Day! Sorry).

Last week is a clear example of how well controlled and manipulated this market really is.  A normal market will take the stairs up (meaning it slowly makes gains every day), and the elevator down (meaning it usually falls up to 6 times as fast going down, when compared to up).  But last week the market took the elevator up too… why?  Was this normal, or manipulation?

Duh!  We all know the answer there… MANIPULATION!  No normal market rallies straight up like we seen last week.  While the market has always been controlled, the level of manipulation today far exceeds that of just as little as 2 years ago.

All this monopoly money that the gangsters are printing has changed the game dramatically.  The little guys don’t stand a chance in this rigged game.  It’s not the same as playing blackjack in Vegas… it’s worst!  Of course we all know that the house wins 95% of the time or more, but at least in that game the house doesn’t know what you have in your hands.

In the market, they can see in your hands by the about of open interest on the various strike prices for the expiring option… and they can also see where everyones’ “stops” are placed at!  That’s like the house looking at your cards in Vegas… absolutely insane!

So why do we continue to play this rigged game?  I dunno… stupid I guess?  While I was calling for a move back up to the FP of 111.17 (spy) last week, I had NO idea that the market would go straight up on a rocket ship like it did.  Talk about total B.S…. that certainly was!

There was NO reason… not fundamentally, technically, or elliottwave that could explain the move up we had last week.  This was done for one reason… to rob the bears!  Many of my online blogger friends were hurt very badly during that ramp job.  I was lucky that I didn’t have any positions at the time, but many others did.

There were a few brave one’s who were long the market, and they were rewarded greatly.  Being a bear, I just don’t have the guts to go long in this depression we are in.  I’ll go long when the spy hits 20.16, but in the meantime… I’ll just sit out the rallies in between.  LOL

Moving on…

The last video I did I thought that we would sell off on Friday to the 105.39 FP, making a “B” wave down in an ABC move up to the 111.17 FP from many weeks back.  But instead, they decide to skip the “B” wave down and simply go straight up to the 111.17 print first.  That leaves next week to go down to the 105.39 FP level, and then… who knows?

This market is so rigged that virtually impossible to get a clear direction of where the next trend is going to be?  I thought we would go down to the Dow 8300 FP one week, and then the next week I changed opinion to going up to the DIA 118.16 FP… and now I’m clueless as to which one we will hit first?

Of course that’s exactly how they planned it… to confuse everyone.  But, knowing the targets (by the FP they give us) we should be able to figure out which one they are going too first by using technically analysis.  However, TA’s only work for as long as they allow them to work.

How long is that?  Just about long enough to get ever bull and bear positioned in the market happily, thinking they got the next move figure out… and then BAM, they pull a rabbit out of hat!  I wonder why I keep trying to figure this game out, as every time I think I got it mastered, the rules change.

Such is life I guess.  Walking in a mine field voluntarily isn’t the brightest thing too do, but us traders do it every day I guess.  Why do we do it time and time again?  I guess it’s just the same reason people buy lottery tickets every week… one day we’ll hit the jackpot (or just go broke trying… LOL).

Now to the market…

Clearly, from looking at the charts, you can see that we are overbought on the daily now, as well as the 60 minute chart too.  So yes, we should sell off on Tuesday… but will we?  With the light volume expected all week, due mainly to it being a shorten time period because of Memorial Day on Monday, I’m not expecting a lot traders too be there to buy and sell.

So, if they plan on taking it back down to the 105.39 FP next week, it will be the institutions selling while the little guy is sleeping (just like it always is…), which makes you wonder about the Legatus meeting starting on the 9th?  Are we going to rally into the meeting, and sell off after… or will the 105.39 FP be the low going into it, with a several month rally afterwards?

From a political point of view, I believe the Democrats would like to rally into the November elections.  But, there is still plenty of time to go down to the 8300 print first, and rally the rest of the year.  I look at the weekly chart and it does look ready to go up into positive territory on the histogram bars.  I’ve said in many video’s that I’d like to see several positive bars occur, and then a roll over into the abyss.

You will notice that the weekly chart rallied up to the 20 and 50 day moving average lines and stopped.  There is a ton of overhead resistance beyond the current level, but with Bernanke now pumping more stimulus into the market, and the big institutional gangsters (errr… I mean banksters) sitting on their hands waiting for the “green light” to hit the sell button again… I just don’t think that resistance will hold them back if they want to go higher.

So what’s the bottom line?  While we are short term overbought, the intermediate term shows the market turning up now.  Of course it could just as easily roll back down at anytime, but for now it appears they plan to rally for awhile.  I can’t say it’s going to be easy, but again… anything is possible.

However, even if we do go up a little more next week, we should turn around the 12th according to the SpiralDates chart… which would line up with a the Legatus meeting too.  It would give the gangsters enough time to cash their check during the first few days of the Pilgrimage.

Let’s also not forget that America could be announcing that it’s going to default on it’s international debt before the 31st of this month (according to Benjamin Fulford).  If that happens, then we go down… if not, then I guess we go up?  I know that’s not much help, but I can see bullish patterns forming now… even though my gut tells me they are going to surprise everyone and tank it hard.

So hang in there bears, I really don’t think we are going up too much further next week.  If we get to 1130 area, that would be a triple top… which I don’t see it breaking on the first try.  ”IF” and that’s a big “if”, we do continue higher next week, I’d expect it to fall short of that triple top, or go up there and trade sideways for several days baiting all the bulls into thinking it’s going to break out from the bull flag it would form… then turn her back down around the 12th.

By the way, the 12th is on a Sunday… so that would imply a “weekend event” to cause a sell off the following week.  What could that be I wonder?  A post 911 bear celebration… maybe?  You know they aren’t going to crash it on September the 11th… but the week after is a different story.

If I had to guess (and that all I do anyway), I’d say we chop around that 1130 level next week doing nothing be eroding the time value of any options the bulls and bears have.  We might even do an intraday stop swept just above that level on September the 10th to clear out the bears just before the plunge.

Anyway gang, I’m just speculating here, as I don’t know what they have planned… or where the market is going next week.  So I’ll close for now and wish everyone success next week.

Red

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The Bear Squeeze…

Thursday Update…

Red

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Wow, what a rally!

I have too admit that I was doubting the bulls there for awhile, and was ready to eat crow on my call of a move to the FP of 111.17 spy… but today’s action makes it look like that level could still be hit.  Of course that doesn’t mean we are going straight up there… without a pullback, and we may have that pullback this Friday?

We had a FP of 105.39 spy today that I seen on my charts, but it disappeared too quickly to screen capture it.  Fortunatly, Anna caught it and here is the link for it.  Woody and Shaan also seen it, so it’s a downside target for sure… the “when” is just something I’m guessing at.

Because the Non-Farm Payroll is out Friday morning, I get the feeling that it will be bad… which will cause the sell off to the FP level.  The other reason is the open interest on the calls and puts for this Friday’s opx… which leads me to believe they will pin it between 105 and 106 area.  So the FP of 105.39 is spliting the difference, and may be the ideal spot for the crooks (errr…. market makers) to close it, so they don’t have to pay out on all the “puts” that expire this week.

Of course this was just a normal technical bounce and the fact that opx was this Friday had nothing to do with (and the Sun is really a big ball of ice too… LOL).  We all know the truth there… Yes, we needed this rally to squeeze out the shorts, but the timing seems to happen around opx a lot?

Ok, from looking at the charts from today, I see a bull flag on the 60 and 15 minute… meaning that tomorrow could gap up quickly in the morning to squeeze out today’s new shorts, but it should turn back down and close flat or lower.  That’s a big “could”, and not a “will” gap up… as the market is very overbought on the short term right now.

Usually a doji will follow such a large up day, but with the Initial Claims and Continuing Claims out in the morning tomorrow, the market could just reverse and gap down?  There is no way to know if the numbers are going to be good or bad?  One the FP tells us that they are going down at some point soon, and it’s usually within 1-2 days on the intraday FP’s.  Will this one be different?  I don’t know?

But right now the open interest, and the FP tells me that we are likely going to hit 105.39 by this Friday’s close.  No guarantees… on speculation on my part.  The charts are saying that we go up to finish the bull flag, but we did pop into the close today… so maybe that fulfilled the pattern?

There isn’t any set rule on how high you go from a bull flag, only that it will likely pop higher at some point.  Well, we popped higher into the close… is that it?  The 15 minute charts aren’t giving us any clues as they are rising up toward the zero level on the histogram bars, but the Full STO’s are almost overbought.

Then the 60 minute chart is about peaked out now, and could turn down at any point.  Since it’s the more powerful charts, that leads me to believe that any pop higher tomorrow won’t last and the day should end with a doji or down.  The daily chart is pointing up now, so that tells me that we will likely go up next week, but that doesn’t mean we won’t sell off for a “B” wave down, if we are in an ABC (wave 2) up now… with a final target of the 111.17 spy FP level.

Of course this assumes the daily chart doesn’t turn back down if we sell off on Friday… which I don’t think it will on only a “one day sell off”.  That would leave the 3 day weekend to calm down the bad NFP numbers and a rally back up next week could happen.

I’m basing this on the charts I see now, and things could changes of course, but I think that we need a positive close on the weekly chart before a large sell off.  Having 4 straight weeks down without an UP week is rare, and if we close down this week then that will make week four.

Ok, that’s about all I got for now… good luck everyone.

Red

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Weekend Update – US To Default On Debt

Tuesday Update…

Red

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Monday Update… it’s not looking good for the bulls!

Red

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Before I go over the stock market I’d like to take some time and go over the picture behind the scenes…

Upon reading Benjamin Fulford’s latest report, it appears that the Amero dollar is still being pushed forward, and really is going to happen. I honestly don’t see any other way to pay down the US debt other then to create a new currency.

In this plan the Amero will be backed by gold, and the current US dollar will be replaced. The ratio will be 2/1, meaning you will get one Amero dollar for every two US dollars you currently have. Will it really happen? I don’t know, but a lot of white hat’s (good guys) in the Pentagon are trying to make it so.

With all the debt created by the Federal Reverse Gangsters, it’s going to be the only way left to save America. But, that doesn’t mean we won’t be saved from financial collapse, as that’s still going to happen regardless of whether or not the new currency is created, or we keep the current one.

According to Fulford, many white hats are slowly and secretly arresting the gangsters one by one. This is being done quietly to avoid the America people rising up and starting a civil war… which the gangster would love as it would allow them to declare marital law, therefore giving them their power back. This is something the white hats are trying to avoid.

Remember, these crooked gangsters want caustic and disasters to happen. They created them on purpose as it gives them power to control us unknowing scared little sheep. The most important thing you can do, is too inform everyone about their plans, and then they can’t do them.

So please do spread the word about this by emailing your friends and having them watch video’s on youtube about these crooks. The more the sheep (us… as in you and me) become informed, the harder it is for the wolves (gangsters… aka Federal Reverse Illuminati Nazi’s, member’s of the Bilderberg Group, and those attending the Legatus Pilgrimage), to control and kill us.

You know, I started this blog to write about the stock market. I just never knew how much it was manipulated and controlled by “The Power’s That Be” (TPTB). So when I go off subject like this and talk about the gangsters plans, it might not seem related to the market… but it is!

So hopefully you don’t think all this stuff is just B.S. as I’m not the one making it up… I’m only reporting it, and spreading the news about it. If you’ve been brainwashed by the mainstream news all your life, hopefully you are now more aware of the what’s really going on in the world we live in.

“The Truth Will Set YOU Free”… so spread it!

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Moving on to the technicals…

From looking at the clear “option expiration” Friday manipulation, I’d say that Monday isn’t likely to go up much further. It’s likely to be a “pause” day, or flat… meaning up and down throughout the day, but closing with a spinning top, or “doji” candle.

On Tuesday we could get a down day, followed by an up day on Wednesday? But overall, I just have that feeling that the direction isn’t going to be straight down… yet! Meaning, I’m looking for some choppy action next week, to lure in some bulls and shakeout some bears.

With the daily chart curling back up, and the put/call ratio too high for another sell off to happen, the market is likely to have an upside bias next week… especially early on. But by Thursday and Friday, we could see some selling going into a 3-day holiday weekend (Memorial Day).

I’m not sure on that, so we’ll have to wait until those days get here… and see what the job’s data comes in at. Remember, we still have that FP of 111.17 spy, and the FP of Dow 8300… of which, they will both be hit. There is also the September 9th-20th Legatus Pilgrimage, and we still don’t know it we are going into that time period making a low in the market, or a high?


If we rise up to the FP of 111.17 into the meeting, then that would be a high… meaning that they would sell off the market after the gangsters cash their checks (from selling at the top in April, while telling the public to continue buying of course), and funnel the money out the country through the Vatican secret banks so they aren’t exposed or tracked.

This move up would also be some sort of wave 2 up, with the following down move being an assortment of wave 3′s… depending on how you count the waves? Regardless of the count, the next wave down would be a very powerful move.

Now, the other count is more bearish on the short term as it has us only going up to the 1070-1080 area, making a wave 4 up, with wave 5 down to take out the 1040 area and possibly the 1010 low (although I think it won’t take it out on the first hit, but instead bounce back up for a larger wave 2).

Here’s something else to think about, according to Fulford, the US is going to default on it’s debt by this September 31st (actual quote below):

Despite its fearsome appearance, the massive US saber-rattling is mainly a negotiating tactic aimed at ensuring the best possible deal in the upcoming US bankruptcy proceedings. The US will be forced to default on its international obligations by the time of its September 31st fiscal year end.

Even the cool-aid drinking, brainwashed “journalists” and “economists” who believe the corporate media’s false reality must be suffering from cognitive dissonance at this point. The US government’s fiscal deficit is so huge now that even if all countries that have a trade surplus with the US invest their entire surplus in US government bonds, there will still be an annual shortfall of about $1 trillion. This is being made up by Federal Reserve Board printing presses but that is only a stop-gap measure. Any rational analysis even of the cooked data provided by the US corporate government will reveal the situation to be unsustainable.

Now to me that looks like the Hindenburg Omen coming late this September!  So let’s think about this for moment and try to piece together what has already played out, versus what we think is going to play out.  I was assuming, or guessing that we would go down into the Legatus Pilgrimage, and then rally coming out it with Stimulus package number whatever (we all know that they have secretly many stimulus packages into the market that wasn’t reported to the public).

Even Reinhardt has purposed the idea that more stimulus is what’s likely to happen after the pilgrimage (although he is just speculating just like I am).  But, Bernanke just spoke on Friday and said that the Fed’s would inject as much stimulus as needed into the market (errr… economy, but we know he means “the wallstreet gangsters”).

Ok, if he’s already “let the cat out of the bag”… what can they do to stimulate the market after the Legatus meeting is over with?  Let’s assume that we are going up to the FP of 111.17 spy in the next few weeks, and it’s based on Bernanke’s promise of more stimulus.  What’s going to rally the market after that?

Isn’t wallstreet known to “buy the rumor, sell the fact”?  Ok, well the rumor is that more money will be injected into the market if needed, and the fact is… it’s already being pumped in there right now!  And if we see a move up to the FP of 111.17 spy, then we’ll know for sure that the money is already in the market.

Remember the link about George Soro’s selling everything he own’s in the US market?  Do you really think we are going to make a bottom into the pilgrimage and George is going to buy up all the assets with the Dow at 8300?  Or is it more likely that he sold out in April-June and is waiting for a real bottom to happen before coming back to the US market?

This guy is a Billionaire and can’t unload everything in only one day… it takes weeks and maybe months to unload that much stock without crashing the market.  Therefore, logic tells me that he’s looking for a lot lower price then Dow 8300 to rob the America public again (err… I mean buy up stocks a heavily discounted prices).

I think he knows that this market is going to fall off a cliff in the next few months, and has moved his money out the country into whatever else is safer?  These guys control the market and know ahead of time what is going to happen.  I’m really leaning toward a move up now… into the September 9th-20th time frame and then a huge wave 3 down to wipe everyone out.

Right now, there are too many bears out there, and I think the only way to kill them off is to take it higher then everyone expects.  Since most people are now expecting the 1070-1080 area to be the target, and then wave 3 of 3 of etc… to begin, let’s fool them all and take it up to 111.17 spy.

It makes sense too me, as it will allow the daily chart time to go back into positive territory before rolling over late in September, into a large set of wave 3′s down.  I could be totally wrong on this, as most people are now calling for the next leg down to occur next week or the following… but it just seems too predictable, and when it’s easy to read “it doesn’t happen”.

Plus, there is this article by ZeroHedge that states that Goldman Sachs is now publicly bearish and calling for a possible move down to 900 spx.  Well, since Goldman is full of crooked gangsters, I can deduct that the position there are now taking is “Long”, as they tell the public the market is crashing.  If they are short term bearish, I want to be short term bullish… because they alway lie!

Remember, they are “the Fox” and we are “the Sheep”!  They are trying to steal your money, so don’t believe anything they say… I certainly don’t.

Ok, that about enough for this weekend post.  Sometimes I get long-winded and talk too much, so I’ll close for now and wish all you bulls and bears good luck next week.

Red

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