Today was a 40 year anniversary date. The market bottomed on December 4,1974 to end the lethal 73-74 bear market about the time the master operator from Omaha was accumulating massive stakes in the market. The last true value low in the market. I guess the market has been holding up for this date. Does this then imply a 2 year bear market into the next election with an Obozo impeachment/ resignation ala the Watergate lows of 1974???
Then we have a 100 year anniversary date, one of the operators best commemorations/ best kept secrets, part of the nefarious 25 year (666weeks x2) cycle which tends to stray a couple of years at times.
“No Santa Rally for You” says the soup Nazi… One HUGE Buyer getting some January, 2015 20/22 Call Stupid on the VIX (not sure what the “Stupid” means though?). These implies we’ll go up more on the SPX into the expiration morning of December 17th (which later that day we have FOMC minutes) and then it seems that some expects the VIX to go up and the market down.
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Sure looks that way to me Scott. But that doesn’t mean the SPX is going to explode upward… only that there won’t be much fear between now and opx Friday. From a technical point of view we should still pullback at a double top for at least a day, and then chop around some before running to 2100+ I believe.
Maybe they run up a little more this week and then drop back next week? I still think we’ll put a low in next Thursday or Friday before a squeeze higher the week of option expiration.
The market is looking like it might have topped last week. If so I’d expect a move down for about 2 weeks before the Santa Rally starts. Considering how overbought it currently is a move down should be welcome for the bulls if they want Santa to bring them more bear meat to eat.
I’d guess that we’ll drop until next Thursday/Friday, December 11th/12th before bottoming. While we should drop 100 or more points I doubt if we see half that amount because of the time of the year it is. With so many traders leaving early for Christmas Holiday’s SkyNet will have full control to move it up and down at a much slower pace then when the big boys are trading.
Big Institutions aren’t likely to dump anything heavy the rest of the years so we’ll just likely see some up and down chop until SkyNet shakes out that last bull and teases enough bears. I’ll just be day trading in and out, both long and short… but more short over the next 2 weeks I think. I just don’t see a multi-day trend down or up at this time, so quick trades are all I can do for now.
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Considering the light volume selloff into the close today it’s possible that we’ve topped here for the short term (meaning a week or two) or we’ll top Monday. Today had prior stat’s of being up 6 out 7 times and Monday has similar odds (better I think), so if we fail to make a new “higher high” this coming December 1st where all that mutual fund money is waiting to be invested I’d say we’ll see some selling happen.
The big boys need to put that money to work and if they don’t buy on Monday then I’d say they want lower prices to buy at…. hence they will let the market fall some before coming backing to the market again. If so then we should see 2030-2040 next week as the first level of support.
If however Monday they make another new high then we could see the rest of the week continue higher with 2100+ as the target goal. I’m 60/40 that we’ve topped and will only make a lower high Monday and drift (choppy though) lower the rest of the week. I’d then expect a bottom on Thursday or Friday December 13th/14th before more upside.
Have a great weekend everyone and eat lot’s of Turkey… as if you’re not rich like the wolves that run the market then you’re a sheep like me, and/or a Turkey to fatten’ up for the kill… LOL!
Today was a 40 year anniversary date. The market bottomed on December 4,1974 to end the lethal 73-74 bear market about the time the master operator from Omaha was accumulating massive stakes in the market. The last true value low in the market. I guess the market has been holding up for this date. Does this then imply a 2 year bear market into the next election with an Obozo impeachment/ resignation ala the Watergate lows of 1974???
Then we have a 100 year anniversary date, one of the operators best commemorations/ best kept secrets, part of the nefarious 25 year (666weeks x2) cycle which tends to stray a couple of years at times.
“No Santa Rally for You” says the soup Nazi… One HUGE Buyer getting some January, 2015 20/22 Call Stupid on the VIX (not sure what the “Stupid” means though?). These implies we’ll go up more on the SPX into the expiration morning of December 17th (which later that day we have FOMC minutes) and then it seems that some expects the VIX to go up and the market down.
Hello,
After successful processing, you will be directed on how to acquire your membership form from your bloodline route.
A bloodline route is where your generation lineage of wealth is to be amounted from and you are going to obtain a form
from there with procedures that will be given to you once your bloodline check is fully processed, after you have must
have successfully acquired your form,your membership will be sealed before you will gain your membership benefits of $25000 weekly
and $1000000 monthly and be introduced to our top entertainers for your fame and stardom
Regards.
Sure looks that way to me Scott. But that doesn’t mean the SPX is going to explode upward… only that there won’t be much fear between now and opx Friday. From a technical point of view we should still pullback at a double top for at least a day, and then chop around some before running to 2100+ I believe.
Maybe they run up a little more this week and then drop back next week? I still think we’ll put a low in next Thursday or Friday before a squeeze higher the week of option expiration.
so someone is taking a gamble that the SPX is heading higher by 12/17. I guess is possible.
Was this insiders buying puts on the VIX? https://www.youtube.com/watch?v=DIMkfhEoS7E&list=UU83RU3yDhHwzG9d9LD1x5yQ
I am seeing 2018 as bottom in the next 2 weeks
The market is looking like it might have topped last week. If so I’d expect a move down for about 2 weeks before the Santa Rally starts. Considering how overbought it currently is a move down should be welcome for the bulls if they want Santa to bring them more bear meat to eat.
I’d guess that we’ll drop until next Thursday/Friday, December 11th/12th before bottoming. While we should drop 100 or more points I doubt if we see half that amount because of the time of the year it is. With so many traders leaving early for Christmas Holiday’s SkyNet will have full control to move it up and down at a much slower pace then when the big boys are trading.
Big Institutions aren’t likely to dump anything heavy the rest of the years so we’ll just likely see some up and down chop until SkyNet shakes out that last bull and teases enough bears. I’ll just be day trading in and out, both long and short… but more short over the next 2 weeks I think. I just don’t see a multi-day trend down or up at this time, so quick trades are all I can do for now.
WELCOME TO THE GREAT TEMPLE OF A BROTHERHOOD ILLUMINATI.
Are you a business man or business woman, politician, musical, student and you want to be very rich, powerful and be famous in life. You can achieve your dreams by been a member of the Illuminati. With this all your dream-heart desire can be fully accomplish, if you really want to be a member of the great Illuminati then you can contact use for you to get what so ever you need in life,Kindly call us on +2348115560557 or you can also contact us with this email, jameswood01788@gmail.com
Considering the light volume selloff into the close today it’s possible that we’ve topped here for the short term (meaning a week or two) or we’ll top Monday. Today had prior stat’s of being up 6 out 7 times and Monday has similar odds (better I think), so if we fail to make a new “higher high” this coming December 1st where all that mutual fund money is waiting to be invested I’d say we’ll see some selling happen.
The big boys need to put that money to work and if they don’t buy on Monday then I’d say they want lower prices to buy at…. hence they will let the market fall some before coming backing to the market again. If so then we should see 2030-2040 next week as the first level of support.
If however Monday they make another new high then we could see the rest of the week continue higher with 2100+ as the target goal. I’m 60/40 that we’ve topped and will only make a lower high Monday and drift (choppy though) lower the rest of the week. I’d then expect a bottom on Thursday or Friday December 13th/14th before more upside.
Have a great weekend everyone and eat lot’s of Turkey… as if you’re not rich like the wolves that run the market then you’re a sheep like me, and/or a Turkey to fatten’ up for the kill… LOL!