The Bulls are getting tired…
Sep 18th
Today was basically a flat day. The market is struggling to go any higher without a pullback first. I’m looking for a pullback to the 1044 SPX first, and if that fails to hold… then on down to 1027. As long as that area holds, then a rally back up to 1108 to fill the gap from 2008.
I leave you with a nice video by Tim Knight of Slope of Hope. More examples of how crooked and manipulated this market really is…
I’m looking to get short tomorrow (Friday), as long as we don’t break 1070 SPX. If so, then I’m staying out until the final top is in at the 1108 area.
Mr Top Step calls 1100 the top on the SPX…
Sep 17th
We all know that most TA, Fib’s, Elliottwave, and Astrology has been worthless lately. That is of course because of the obvious manipulation by the government. The video by “Mr. Top Step” says that the market is going to 1100, and then correct back down to 900. I’d be careful going too much short. (Of course going long is risky too. I’m just sitting and waiting for the top to be reached).
If we have a small pullback I might go long… that’s MIGHT?
Money flow is coming out of the market at record amounts…
Sep 16th
Once again the retail investor are going to get robbed, as the insiders are selling into strength. Once the market reaches the 1100 SPX gap fill area a big correction down to 900 or so will occur. This could start by the end of next week.
Most retail investors will be taken by surprise again, as the insiders are already positioned short on the market. As always, in the real world, the crooks always win and the good guys lose. This isn’t some fairy tale TV cop show.
http://online.wsj.com/mdc/public/page/2_3022-mflppg-moneyflow.html
Bernanke – “Recession Over”
Sep 16th
Let me interpret that for you… “Recession likely over but SOME LIES OF GROWTH ahead”! Has this guy ever got anything right?
Obama puts Bears to Sleep…
Sep 15th
Another dreadfully boring day as Obama speaks in tongues again. Bears fell asleep! I took the day off too, as I’m patiently waiting until the end of the week before taking anymore bearish positions.
