Looks like we’re going to find out about the 1905 part of it real soon. And a week ago..I didn’t think ebola could be a long term negative economic factor. Now I’m thinking it’s quite possible it might. Bad shit there. Folks cancelling flights and cruises and other stuff all over the world.
Once we get a break of 1905 (where I think it will find a bounce within 10 points or so lower) I’d give us 95% odds of having a minimum of a 20% correction by March of 2015. A full out crash is still a maybe? Just don’t know about that.
The occultic film of the year Gone Girl has opened but really don’t have time to do a reveiw/analysis. The obvious GG in the title ala Great Gatsby for 77. David Fincher outdoing himself in this one. Even more grand ritual specific occultic than the Social Network.
The number 11 and especially 22 are highlighted in this movie. Need to see it again and take notes.
I never really focused on 22 until recently but it is 22 years from the Bradley date and Moneyball took place in 2002 with references to it reverberating around this year’s MLB season since the Moneyball A’s had the best record in baseball for quite a bit of the season before suffering an epic meltdown aking to their Moneyball winning streak in 2002. The A’s were chased by their division rival Angels who eventually surpassed them to finish with the best record in baseball. They were the eventual world champions in 2002. But they were eliminated this week in the first round of the playoffs.
New lows on the NYSE actually declined today and they certained managed to close most indices right at yesterday’s lows leaving reasonable doubt for market’s current predicament. The Nasdaq did not get to yesterday’s lows.
Yesterday’s blistering rally saw 292 new 52 week lows on the NYSE which was a 52 week or yearly high which suggested that yesterday’s rise was very dubious. Albeit the lows occurred prior to liftoff. Anyway, a component of a certain little indicator rose nearly to the 0 line which suggested that the rally was also on shaky ground plus the fact that the prior peak or the 50 day average had been exceeded.
The certain little indicator is now accelerating downward in the crash zone. I really don’t see a crash here but one has to be wary because I would expect the market to fool everyone including me. We’ll have to keep an eye on a certain little indicator and its component as they head to oversold levels. I did get out of a weekly position today for fear of another whipsaw so I could see the market just continuing to meltdown. It’s hard to tell if the market peak should be counted as 9-19 since the Dow,SP, Nasdaq topped there or somewhere else as the New York Composite, Russell 2000, European indices topped out earlier and could be in their 3rd wave declines.
Weekly bollinger bands are still tightening for the prime indices with the lower BB providing some sort of resistance.
I exited all shorts a little bit ago. I’m just not feeling that strong anymore about yesterday’s low being broken this week. The last 20 out of 30 Friday’s the week prior to the monthly option expiration week (next Friday) have closed up and the following Monday has been up 23 of the last 30.
With that stupid annoying rising trendline of support on the weekly chart from 2011 being the 1955-1960 SPX zone these bulls still might not let go of it again this week. If we gap down tomorrow I’ll be looking to scale into longs into next week starting at each prior bottom… meaning 1926 and 1905 SPX.
Gold and Silver have reversed hard since the dollar topped out and tanked. They are both still in a bearish pattern on the monthly chart though, but sure are bouncing nicely.
Could this time really be different? I don’t think so… Why? Because of that rising trendline of support on the weekly chart from 2011 still isn’t broken. When it breaks I really think we are going fall off a cliff. It’s a 3 year support for the bulls and when the dam breaks all hell should follow.
Looking at the chart it’s true that the RSI hasn’t went below 50 yet and commonly bounces in the 50-55 area. Then the MACD is still up around 30-35 and commonly turns back up in that range, so it could do so again?
At the bottom of that chart the Full STO’s are pointing down and near the 50 level where they (again) commonly turn back up… which means there’s still no conformation of P4 down (in my opinion).
However, the bearish candle pattern from last weeks close (gravestone doji) signal’s weakness, and “if” the bulls hold the line again by this Friday’s close they will have a 2nd gravestone doji candle… so cracks in dam are certainly appearing and I just don’t think Janet Yellen has enough fingers to plug them all. (Maybe Ben Bernanke will let her borrow some of his 10 fingers and 10 toes?).
Not much to point out there that isn’t obvious. The RSI broke rising support, and the MACD’s are almost touching with one ready to cross over the other. Then below that the ROC is pointing down, the previous month of September hit the top trendline of the rising channel and go rejected, and finally the MACD Histogram bars are ready to go negative,
Nothing is guaranteed of course but the upside from here sure looks limited to me..
Looks like we’re going to find out about the 1905 part of it real soon. And a week ago..I didn’t think ebola could be a long term negative economic factor. Now I’m thinking it’s quite possible it might. Bad shit there. Folks cancelling flights and cruises and other stuff all over the world.
Once we get a break of 1905 (where I think it will find a bounce within 10 points or so lower) I’d give us 95% odds of having a minimum of a 20% correction by March of 2015. A full out crash is still a maybe? Just don’t know about that.
The occultic film of the year Gone Girl has opened but really don’t have time to do a reveiw/analysis. The obvious GG in the title ala Great Gatsby for 77. David Fincher outdoing himself in this one. Even more grand ritual specific occultic than the Social Network.
The number 11 and especially 22 are highlighted in this movie. Need to see it again and take notes.
I never really focused on 22 until recently but it is 22 years from the Bradley date and Moneyball took place in 2002 with references to it reverberating around this year’s MLB season since the Moneyball A’s had the best record in baseball for quite a bit of the season before suffering an epic meltdown aking to their Moneyball winning streak in 2002. The A’s were chased by their division rival Angels who eventually surpassed them to finish with the best record in baseball. They were the eventual world champions in 2002. But they were eliminated this week in the first round of the playoffs.
Well I guess he word “WOW’ for what happened today would be an understatement, Rock, N’ Roll. Re-test of SPX 1905 ,here we come.
Winning doctor_jr • 3 hours ago
The opening gap lower in a Bull Market is some of the easiest ES/SPY money you can make.
Those gaps MUST be bought.
****************************************************************************************Winning • 4 minutes ago
Great Opportunity to Do Some “Nibbling” and Stock Buying Here!
New lows on the NYSE actually declined today and they certained managed to close most indices right at yesterday’s lows leaving reasonable doubt for market’s current predicament. The Nasdaq did not get to yesterday’s lows.
Yesterday’s blistering rally saw 292 new 52 week lows on the NYSE which was a 52 week or yearly high which suggested that yesterday’s rise was very dubious. Albeit the lows occurred prior to liftoff. Anyway, a component of a certain little indicator rose nearly to the 0 line which suggested that the rally was also on shaky ground plus the fact that the prior peak or the 50 day average had been exceeded.
The certain little indicator is now accelerating downward in the crash zone. I really don’t see a crash here but one has to be wary because I would expect the market to fool everyone including me. We’ll have to keep an eye on a certain little indicator and its component as they head to oversold levels. I did get out of a weekly position today for fear of another whipsaw so I could see the market just continuing to meltdown. It’s hard to tell if the market peak should be counted as 9-19 since the Dow,SP, Nasdaq topped there or somewhere else as the New York Composite, Russell 2000, European indices topped out earlier and could be in their 3rd wave declines.
Weekly bollinger bands are still tightening for the prime indices with the lower BB providing some sort of resistance.
I exited all shorts a little bit ago. I’m just not feeling that strong anymore about yesterday’s low being broken this week. The last 20 out of 30 Friday’s the week prior to the monthly option expiration week (next Friday) have closed up and the following Monday has been up 23 of the last 30.
With that stupid annoying rising trendline of support on the weekly chart from 2011 being the 1955-1960 SPX zone these bulls still might not let go of it again this week. If we gap down tomorrow I’ll be looking to scale into longs into next week starting at each prior bottom… meaning 1926 and 1905 SPX.
Gold and Silver have reversed hard since the dollar topped out and tanked. They are both still in a bearish pattern on the monthly chart though, but sure are bouncing nicely.
Could this time really be different? I don’t think so… Why? Because of that rising trendline of support on the weekly chart from 2011 still isn’t broken. When it breaks I really think we are going fall off a cliff. It’s a 3 year support for the bulls and when the dam breaks all hell should follow.
http://stockcharts.com/public/1092905/chartbook/312846787
Looking at the chart it’s true that the RSI hasn’t went below 50 yet and commonly bounces in the 50-55 area. Then the MACD is still up around 30-35 and commonly turns back up in that range, so it could do so again?
At the bottom of that chart the Full STO’s are pointing down and near the 50 level where they (again) commonly turn back up… which means there’s still no conformation of P4 down (in my opinion).
However, the bearish candle pattern from last weeks close (gravestone doji) signal’s weakness, and “if” the bulls hold the line again by this Friday’s close they will have a 2nd gravestone doji candle… so cracks in dam are certainly appearing and I just don’t think Janet Yellen has enough fingers to plug them all. (Maybe Ben Bernanke will let her borrow some of his 10 fingers and 10 toes?).
Let’s also look at the monthly chart…
http://stockcharts.com/public/1092905/chartbook/202363337;
Not much to point out there that isn’t obvious. The RSI broke rising support, and the MACD’s are almost touching with one ready to cross over the other. Then below that the ROC is pointing down, the previous month of September hit the top trendline of the rising channel and go rejected, and finally the MACD Histogram bars are ready to go negative,
Nothing is guaranteed of course but the upside from here sure looks limited to me..