There was either a flash crash in ROLL today or there is a fake print over at stock charts right now. They released earnings this morning it looks like so the prints might have been made pre-market but unlikely. Yahoo fin doesn’t have the stock trading below 54 today.
ROLL of course is a highly occultic term. ROLL TIDE BAMA!!!! This is how things ROLL!!!
Hmmm… at this point all I can see is way too many bears onboard this train. Since today is Thursday and they seem to put in a low on the Thursday or Friday prior to option expiration week (which is next Friday) I’m thinking we will rally tomorrow, Monday and possibly early Tuesday before we top out again.
Also considering the amount of bearishness I suspect is out there now it’s likely this rally will go higher then expected. While that 1940 area is resistance I think there are many bears’ stops sitting above it. I’m guessing that we’ll see that original target of 1960… possibly 1970 by Tuesday of next week.
I don’t know the coming high but it should take out the stops above 1940 area I’d think. Everything just looks so bearish now… and you know they won’t let the bears on this wave 3 down. I won’t go long as that’s against the trend and risky but I’ll wait until next week before I look to go short.
It could happen by the close Friday, which that tells me that the usual “Bullish Option Expiration” isn’t likely to happen this time around. We should go down next week from the look and feel of the market right now.
EWK (Belgium) precariously hanging by a thread to its lower downtrending BB. In tribute to the summer of fun, IF THIS IS TUESDAY, IT MUST BE BELGIUM, I shall focus on the Belgium ETF since an esteemed contributor over at DEs has brought it to my attention. Tomorrow, is 37 days since Belgium eliminated the US tourists from the World Cup. Haven’t seen Hercules yet featuring Belgium star Ian McShane but did see A Most Wanted Man which was a total snorefest. Seriously, that movie was putting me to sleep. Very poor pacing and editing by the “anointed ” artist who brought you Depeche Mode’s 1987 videos. Some cliched storytelling and acting as well although the actors overall were very good and the cinematography was good. It had the feel of an adult film but was poorly constructed. Plus as I have already mentioned it had the plotline, that only an Obozo-ite could feel was enthralling.
I’ve got a new Depeche Mode video from this artist that is more apropos for the times we live in. When things slow down, I might post a link.
That German stock market is looking to be in a very precarious position. Basically all of the European indices are down at their lower daily and weekly BBs while the US indices are more mild mannered. In fact, the SP is almost following the first leg pattern down of the lesser grand ritual right down to a basically unchanged close today right at the lower BB. That close on 9-12 produced a pop for a few days but who is leading the way? The US or Europe. Deutsche Bank has been hammered over the past month and made more new 52 week lows today. EUFN in a smilar position but did put in a hollow bar today.
There is an ECB meeting tomorrow that nobody is talking about. Do they announce QE to the nth degree that gets Germany bent out of shape. We survived the 9th of AV and a little 69 year anniversary today. A little scary when there is a Mars-Jupiter square occurring. In conjunction with the heliacal rising of Sirius. And as we approach Tebow’s 27th birthday.
I think we’ve already had the 5th wave down yesterday. Looks like we are bottoming here today. If so we should rally today (Wednesday) and continue probably until Friday of this week.
Now while it’s common to put in the low for the week on the Thursday or Friday prior to options expiration week (which is next Friday August 15th) and then have a bullish opx I get the feeling this time will be different. In fact I think we’ll “flip flop” and put the high in on the Thursday or Friday prior to opx week.
This suggests to me that next week will be a down week and not an up week. The trend appears to have changed from bullish to bearish. It’s not confirmed yet some (most) people out there see 2000 to 2100 yet to come. Then they see a Primary Wave 4 down followed by at Primary Wave 5 up into 2017.
But I have reason to (now) believe otherwise. While trying not to take a side and be a bear or a bull and just look at the facts and evidence to let the market tell us where it’s going I have enough evidence now to stay we’ve topped out for the year and most likely for the next 10-20 years (or more?).
I wrote it all up in a new post a few days ago but haven’t put up that post yet. I want to see evidence that we don’t put in a new high on this rally into the end of this week first. And quite frankly I don’t know if there is anyone out there reading anymore? Anna’s “HotOptionBabe” site seems abandoned too.
I talk to her on the phone several times and week and she’s just tired of it all she told me. Busy with other stuff and has just lost the desire to make new posts on the site. I understand as I myself have went from one post per day to one or two a month now.
It seems like it was all planned that all the “bear blogs” would die out and disappear when the stock market finally topped out and starts it’s crash move down. And here we are topped out and about to see the greatest crash happen in our lifetimes over the next 6 months. Such is the irony for all the big bears to be sleeping.
In my new post I point out a lot of reasons as to “why” we are going to crash this year and hit 666 SPX by December of 2014. It’s going to be a wild ride as it’s just getting started right now. We are going to witness another 1929, only worst this time.
Back to the short term…
If we rally up some today and close positive then “possibly” we have bottomed and will rally up into this Friday. Then if we the downward sloping trendline around 1960 currently I think that’s a “no brainer” short into next week. This should be that 20% of the time where opx week is bearish.
This move up should be a larger wave 2 up (with an ABC pattern inside it) as I think we’ve had a larger wave 1 down complete today. It has a nice 5 wave pattern inside it and the smaller wave 3 also has 5 even smaller waves inside it as well.
This sets up next week to start the larger wave 3 down, and it should be a very big drop I think. Get ready as this bear is just starting…
Yahoo has the opening tick as the low of the day at 53.52. Earnings were released today and that’s it for the news.
This print you mean?
http://stockcharts.com/h-sc/ui?s=roll
Looks real to me? You sure they didn’t have some merger news that got changed or something?
There was either a flash crash in ROLL today or there is a fake print over at stock charts right now. They released earnings this morning it looks like so the prints might have been made pre-market but unlikely. Yahoo fin doesn’t have the stock trading below 54 today.
ROLL of course is a highly occultic term. ROLL TIDE BAMA!!!! This is how things ROLL!!!
Hmmm… at this point all I can see is way too many bears onboard this train. Since today is Thursday and they seem to put in a low on the Thursday or Friday prior to option expiration week (which is next Friday) I’m thinking we will rally tomorrow, Monday and possibly early Tuesday before we top out again.
Also considering the amount of bearishness I suspect is out there now it’s likely this rally will go higher then expected. While that 1940 area is resistance I think there are many bears’ stops sitting above it. I’m guessing that we’ll see that original target of 1960… possibly 1970 by Tuesday of next week.
I don’t know the coming high but it should take out the stops above 1940 area I’d think. Everything just looks so bearish now… and you know they won’t let the bears on this wave 3 down. I won’t go long as that’s against the trend and risky but I’ll wait until next week before I look to go short.
http://stockcharts.com/h-sc/ui?s=!GT20SPX&p=D&b=3&g=1&id=p18930922334&a=349546011
I think we might get up to only around 1940 SPX now as the market looks
too weak to make it up to 1960 area as I previously thought. This chart
shows about what I’m thinking will happen now:
http://stockcharts.com/c-sc/sc?s=%24SPX&p=60&yr=0&mn=0&dy=29&id=p48344622727&a=335493930&r=870
It could happen by the close Friday, which that tells me that the usual “Bullish Option Expiration” isn’t likely to happen this time around. We should go down next week from the look and feel of the market right now.
EWK (Belgium) precariously hanging by a thread to its lower downtrending BB. In tribute to the summer of fun, IF THIS IS TUESDAY, IT MUST BE BELGIUM, I shall focus on the Belgium ETF since an esteemed contributor over at DEs has brought it to my attention. Tomorrow, is 37 days since Belgium eliminated the US tourists from the World Cup. Haven’t seen Hercules yet featuring Belgium star Ian McShane but did see A Most Wanted Man which was a total snorefest. Seriously, that movie was putting me to sleep. Very poor pacing and editing by the “anointed ” artist who brought you Depeche Mode’s 1987 videos. Some cliched storytelling and acting as well although the actors overall were very good and the cinematography was good. It had the feel of an adult film but was poorly constructed. Plus as I have already mentioned it had the plotline, that only an Obozo-ite could feel was enthralling.
I’ve got a new Depeche Mode video from this artist that is more apropos for the times we live in. When things slow down, I might post a link.
A certain little indicator is racing through no mans land although its component did have an uptick today.
That German stock market is looking to be in a very precarious position. Basically all of the European indices are down at their lower daily and weekly BBs while the US indices are more mild mannered. In fact, the SP is almost following the first leg pattern down of the lesser grand ritual right down to a basically unchanged close today right at the lower BB. That close on 9-12 produced a pop for a few days but who is leading the way? The US or Europe. Deutsche Bank has been hammered over the past month and made more new 52 week lows today. EUFN in a smilar position but did put in a hollow bar today.
There is an ECB meeting tomorrow that nobody is talking about. Do they announce QE to the nth degree that gets Germany bent out of shape. We survived the 9th of AV and a little 69 year anniversary today. A little scary when there is a Mars-Jupiter square occurring. In conjunction with the heliacal rising of Sirius. And as we approach Tebow’s 27th birthday.
Here’s a chart of what I see coming for the SPX: http://screencast.com/t/KmxoyTZLg
I think we’ve already had the 5th wave down yesterday. Looks like we are bottoming here today. If so we should rally today (Wednesday) and continue probably until Friday of this week.
Now while it’s common to put in the low for the week on the Thursday or Friday prior to options expiration week (which is next Friday August 15th) and then have a bullish opx I get the feeling this time will be different. In fact I think we’ll “flip flop” and put the high in on the Thursday or Friday prior to opx week.
This suggests to me that next week will be a down week and not an up week. The trend appears to have changed from bullish to bearish. It’s not confirmed yet some (most) people out there see 2000 to 2100 yet to come. Then they see a Primary Wave 4 down followed by at Primary Wave 5 up into 2017.
But I have reason to (now) believe otherwise. While trying not to take a side and be a bear or a bull and just look at the facts and evidence to let the market tell us where it’s going I have enough evidence now to stay we’ve topped out for the year and most likely for the next 10-20 years (or more?).
I wrote it all up in a new post a few days ago but haven’t put up that post yet. I want to see evidence that we don’t put in a new high on this rally into the end of this week first. And quite frankly I don’t know if there is anyone out there reading anymore? Anna’s “HotOptionBabe” site seems abandoned too.
I talk to her on the phone several times and week and she’s just tired of it all she told me. Busy with other stuff and has just lost the desire to make new posts on the site. I understand as I myself have went from one post per day to one or two a month now.
It seems like it was all planned that all the “bear blogs” would die out and disappear when the stock market finally topped out and starts it’s crash move down. And here we are topped out and about to see the greatest crash happen in our lifetimes over the next 6 months. Such is the irony for all the big bears to be sleeping.
In my new post I point out a lot of reasons as to “why” we are going to crash this year and hit 666 SPX by December of 2014. It’s going to be a wild ride as it’s just getting started right now. We are going to witness another 1929, only worst this time.
Back to the short term…
If we rally up some today and close positive then “possibly” we have bottomed and will rally up into this Friday. Then if we the downward sloping trendline around 1960 currently I think that’s a “no brainer” short into next week. This should be that 20% of the time where opx week is bearish.
This move up should be a larger wave 2 up (with an ABC pattern inside it) as I think we’ve had a larger wave 1 down complete today. It has a nice 5 wave pattern inside it and the smaller wave 3 also has 5 even smaller waves inside it as well.
This sets up next week to start the larger wave 3 down, and it should be a very big drop I think. Get ready as this bear is just starting…