Befuddling the pundits and basketball intelligentsia, UCLA moves on to the Sweet 16 led once again by 1987 College Player of the Year Steve Alford’s son, who I believe ended up with 19 points. (Remember #19 scored the World Cup winning goal for the Germans last year).
The pundits (reading their cue cards) universally admonished the selection committee for placing UCLA in the tournament (which never made sense). UCLA received the #11 seed so let’s see if they end up as the “dark” horse of the tournament. Haven’t bothered to see who they play next.
1987 NCAA champ Indiana eliminated from the tourney in the first round today. Star guard on that Indiana team Steve Alford, now UCLA coach, leads his team to a victory led by his son’s hot shooting (8 3pointers). 1987 Final Four particpant Rick Pitino sees his Louisville team squeak by UC Irvine. 1987 Finalist ,Syracuse coach, Jim Boeheim, goes on a tirade against the NCAA after his team is sanctioned for violations. The other 1987 Final Four coach, Jerry Tarkanian (UNLV) passed away in January. I am wating for a Bobby Knight ritual.
More later on the Duke (Kentucky) /Christian Laettner (#32) ritual that the sports media is currently going overboard on.
Hmmm some fractal similateries to historical topping patterns most recently to 3 years 7+ months ago as well as one ($ndx, $rut) from double7years 5 months ago. It looks like it’s going to be the ultimate Bradley date.
With the ES banging on the double (or triple?) top right now it looks destined to breakout… and I’d expect it to happen today! The SPX is lagging behind still but the Russell and Nasdaq already have new highs. The DOW is coming in 4th place but I suspect it will finish the race too. LOL!
Hmmm… not sure what to think about those Hindenburg Omen’s. Tomorrow “should” go up as the Russell has already made a new high, the Nasdaq is at a double top and ready to make a new high and the the S&P500 and the Dow are the only lagers.
Friday is “super moon” day occurring on the same day as the equinox and a solar eclipse. Add up the celestial events and then consider that Tuesday the market put in another Hindenburg Omen. That makes 3 confirmed Hindi’s since December. That’s fairly odd too. Add in some of the short term cycle indicators like the Fibonacci turn cluster, and you can hear the twilight zone music in the background.
Could it get stranger? It can and it does. Friday is also quadruple witching day for options and futures. It’s also the first day of the Hebrew calendar. I find it fitting that the world is bickering over the word patience, during the very week all this “extraneous” stuff is going on.
Tomorrow 3-20 is the possible infamous 2012???? 32 ie 33 or 23. The recent history of Fridays immediately following a new moon have been harrowing experiences as was the case 2 years 8 months ago or one 21 weeks later. Since its a new moon/solar eclipse on the vernal equinox could it be the dawning of the Age of Aquarius???
I know they like using the 12 as a 5 or half so that 2012 also works as 25 (55). But we still might have to wait for a Taco Tuesday.
I know Willem Dafoe likes to play with 3 20 dollar bills in To Live and Die in LA.
Based on the power of the move up yesterday most of the bearish charts are now negated. The monthly is still bearish but it’s such a long time frame that we could still go up the rest of the month and it not move much at all. They are turning the weekly back up and daily.
So while I’m expecting them to pull back today I do expect this to only be a “pullback” and nothing more. Probably by the noon time period I’d guess they will turn them back up into Friday. Next week should also be bullish as well, but it’s possible they chop around for awhile before they pierce through the formal highs.
However, considering that the Russell already made a new high yesterday I don’t think it will take too long for the S&P500 and the Nasdaq to breakout to new highs. Once again it seems the Fed’s save the day and stop another big drop. It certainly makes you wonder what level we’d be at without them manipulating the market?
But it will all come to a horrible ending for the bulls when the final top it put in during the 3rd or 4th quarter of 2016, followed by a 1929 style crash in 2017. It’s been planned for many many years and it’s still set for that time period as of now. But until we get there we’ll have to just play the bull side 80% of the time and the bear side the other 20% of the time.
So I’ll be looking for a long today as the short couldn’t be took since we are going to gap down at the open. Typical move where you have to go short the day before and exit in the opening first few hours.
Downside support is around 2075 on the ES Futures and 2080 on the SPX. Should we get down there today I see it as a buy into Friday and next week with the next move up likely being the one that pierces through prior resistance and makes another new high.
Befuddling the pundits and basketball intelligentsia, UCLA moves on to the Sweet 16 led once again by 1987 College Player of the Year Steve Alford’s son, who I believe ended up with 19 points. (Remember #19 scored the World Cup winning goal for the Germans last year).
The pundits (reading their cue cards) universally admonished the selection committee for placing UCLA in the tournament (which never made sense). UCLA received the #11 seed so let’s see if they end up as the “dark” horse of the tournament. Haven’t bothered to see who they play next.
SPY Weekend update: http://niftychartsandpatterns.blogspot.in/2015/03/spy-weekend-update_21.html
1987 NCAA champ Indiana eliminated from the tourney in the first round today. Star guard on that Indiana team Steve Alford, now UCLA coach, leads his team to a victory led by his son’s hot shooting (8 3pointers). 1987 Final Four particpant Rick Pitino sees his Louisville team squeak by UC Irvine. 1987 Finalist ,Syracuse coach, Jim Boeheim, goes on a tirade against the NCAA after his team is sanctioned for violations. The other 1987 Final Four coach, Jerry Tarkanian (UNLV) passed away in January. I am wating for a Bobby Knight ritual.
More later on the Duke (Kentucky) /Christian Laettner (#32) ritual that the sports media is currently going overboard on.
When is the next Bradley turn date Geccko?
Hmmm some fractal similateries to historical topping patterns most recently to 3 years 7+ months ago as well as one ($ndx, $rut) from double7years 5 months ago. It looks like it’s going to be the ultimate Bradley date.
With the ES banging on the double (or triple?) top right now it looks destined to breakout… and I’d expect it to happen today! The SPX is lagging behind still but the Russell and Nasdaq already have new highs. The DOW is coming in 4th place but I suspect it will finish the race too. LOL!
Hmmm… not sure what to think about those Hindenburg Omen’s. Tomorrow “should” go up as the Russell has already made a new high, the Nasdaq is at a double top and ready to make a new high and the the S&P500 and the Dow are the only lagers.
Friday is “super moon” day occurring on the same day as the equinox and a solar eclipse. Add up the celestial events and then consider that Tuesday the market put in another Hindenburg Omen. That makes 3 confirmed Hindi’s since December. That’s fairly odd too. Add in some of the short term cycle indicators like the Fibonacci turn cluster, and you can hear the twilight zone music in the background.
Could it get stranger? It can and it does. Friday is also quadruple witching day for options and futures. It’s also the first day of the Hebrew calendar. I find it fitting that the world is bickering over the word patience, during the very week all this “extraneous” stuff is going on.
Tomorrow 3-20 is the possible infamous 2012???? 32 ie 33 or 23. The recent history of Fridays immediately following a new moon have been harrowing experiences as was the case 2 years 8 months ago or one 21 weeks later. Since its a new moon/solar eclipse on the vernal equinox could it be the dawning of the Age of Aquarius???
I know they like using the 12 as a 5 or half so that 2012 also works as 25 (55). But we still might have to wait for a Taco Tuesday.
I know Willem Dafoe likes to play with 3 20 dollar bills in To Live and Die in LA.
Based on the power of the move up yesterday most of the bearish charts are now negated. The monthly is still bearish but it’s such a long time frame that we could still go up the rest of the month and it not move much at all. They are turning the weekly back up and daily.
So while I’m expecting them to pull back today I do expect this to only be a “pullback” and nothing more. Probably by the noon time period I’d guess they will turn them back up into Friday. Next week should also be bullish as well, but it’s possible they chop around for awhile before they pierce through the formal highs.
However, considering that the Russell already made a new high yesterday I don’t think it will take too long for the S&P500 and the Nasdaq to breakout to new highs. Once again it seems the Fed’s save the day and stop another big drop. It certainly makes you wonder what level we’d be at without them manipulating the market?
But it will all come to a horrible ending for the bulls when the final top it put in during the 3rd or 4th quarter of 2016, followed by a 1929 style crash in 2017. It’s been planned for many many years and it’s still set for that time period as of now. But until we get there we’ll have to just play the bull side 80% of the time and the bear side the other 20% of the time.
So I’ll be looking for a long today as the short couldn’t be took since we are going to gap down at the open. Typical move where you have to go short the day before and exit in the opening first few hours.
Downside support is around 2075 on the ES Futures and 2080 on the SPX. Should we get down there today I see it as a buy into Friday and next week with the next move up likely being the one that pierces through prior resistance and makes another new high.