Yea..but I think this Malaysia passenger jet,that “might” have just got shot down..has put some pressure on the markets that will last at least for today. Still a rumor..but there is definitely another Malaysian passenger aircraft missing right now…and it seems to be having at least some affect on the market for the moment. We shall see.
Well yeah, it’s something to think about for sure. I can’t trade off of it though as every time in the past we thought something bad was going to happen it never did. It was always “misdirection” for us sheep to look at, and getting short based only on such a prediction always lost me money in the past.
Not this time. While it’s possible we could pop up tomorrow above 1986 SPX at the open for a quick stop sweep the charts say we are going down next week. So my trading now is more focused on gathering good information about past history, trends for this month, week, and day, buying volume, etc… and less on scary stories.
I’m sure they will at some point actually do the global currency reset but I doubt if I or anyone else is going to guess the date correctly. Maybe it does happen on the 27th… or the 20th? I just don’t know? But the market is ready to go down anyway.
Red… what about the iphone and “siri” what is july 27 2014…. opening the gates to hedes??? Does that fit into your numbers.. some how??
Thanks for all your hard work.
Thursday is a 22 day as 7+1+7+2+0+1+4=22, and as we all know that is an eleven… which are sometimes tops or bottoms. Not always of course but it is a ritual number for “them”. So “if” today doesn’t put in the top then I think we’ll see it at the open tomorrow.
Most likely it will be a pierce of the double top area to clear out all the bears’ stops above 1986 SPX. While this is the normal pattern it’s by no means a guarantee. For all I know the bears could have already flipped to become bulls thinking we are going to rally much higher toward 2000.
Whatever SkyNet see’s it’s going to take action to steal the most money possible. If there isn’t too many stops overhead and there are more bulls long then we’ll see a move down tomorrow without the gap up. In fact, we could even gap down and continue all day.
If we gap down then I’m happy with my half short position. If we gap up I’ll add a second half short position as I believe we will go down on Friday and into early next week. While I’m sure we’ll take out 2000 at some point we should drop lower first to that 1900-1920 area to get some bears short that can be squeezed all the way up to a new all time high.
I just get the feeling that everyone is long right now expecting 2000 to be hit soon. They keep buying every dip looking for that breakout rally move up. But if everyone is on the same side then you know SkyNet will take their money.
So I’ll give it a 50/50 chance of a slightly higher high tomorrow to clear out the last bears’ stops and then a move down into the rest of the day, Friday and next week with that downside target being the goal before we make another big rally attempt.
Well, I didn’t short the top but I did take a half position just about 10 minutes ago around 1979.50 SPX, so I’ll take another half tomorrow if we pop higher.
I’m just watching for now… no position taken yet. I want to see if they can make a higher high during the lunch time noon period when the volume is the lightest. If they can’t then I think we’ll sell off into next week… slowly of course as this is still opx week and not likely to have a big drop.
I don’t think we ever see a 1929 kind of crash again. A 90% drop in the Dow and S&P,with an extended sideways period at the bottom would absolutely kill the U.S. off, and we have too many safe-guards and kill switches in place now even if it seemed something like that was starting.-But nobody at our level really knows anything for sure.- But for now..I’m just looking at the near term picture..and so far..today looks pretty strong in most key sectors. The S&P.the Transports and the COMP are all strong as hell here. And the COMP/NASDAQ is turning into a monster here..and I have a feeling it’s dead set at finally getting back to it’s all time high over 5000 made all the way back in the year 2000.At almost 4450 here..a 14 year high..it doesn’t have all that far to go. Worth keeping an eye on from here everyday.And of course the Transports..pretty much “THE” leading economic indicator has been pretty much making multiple new daily all time highs for the last 18 months. Up another 57 pts today over 8400 for the very first time. A very nasty situation for those trying to look smart calling tops.
Yea..but I think this Malaysia passenger jet,that “might” have just got shot down..has put some pressure on the markets that will last at least for today. Still a rumor..but there is definitely another Malaysian passenger aircraft missing right now…and it seems to be having at least some affect on the market for the moment. We shall see.
Had me a little worried there with that fast rally off the lows this morning but it’s looking good for the bears here and bad for the bulls.
Dow down 51 pts at the low.- We need follow through down action into next week here if we’re going to get to that SPX 1920 target area.
I’m assuming you are talking about this: http://chartistfriend.blogspot.com/2014/07/christine-lagarde-and-opening-gates-of.html#more
Well yeah, it’s something to think about for sure. I can’t trade off of it though as every time in the past we thought something bad was going to happen it never did. It was always “misdirection” for us sheep to look at, and getting short based only on such a prediction always lost me money in the past.
Not this time. While it’s possible we could pop up tomorrow above 1986 SPX at the open for a quick stop sweep the charts say we are going down next week. So my trading now is more focused on gathering good information about past history, trends for this month, week, and day, buying volume, etc… and less on scary stories.
I’m sure they will at some point actually do the global currency reset but I doubt if I or anyone else is going to guess the date correctly. Maybe it does happen on the 27th… or the 20th? I just don’t know? But the market is ready to go down anyway.
We hit our Bradley turn date today as well. Here’s that link in case you missed it? It’s on page 4 of that newsletter: http://reddragonleo.com/wp-content/uploads/newsletter-e.pdf
Red… what about the iphone and “siri” what is july 27 2014…. opening the gates to hedes??? Does that fit into your numbers.. some how??
Thanks for all your hard work.
Thursday is a 22 day as 7+1+7+2+0+1+4=22, and as we all know that is an eleven… which are sometimes tops or bottoms. Not always of course but it is a ritual number for “them”. So “if” today doesn’t put in the top then I think we’ll see it at the open tomorrow.
Most likely it will be a pierce of the double top area to clear out all the bears’ stops above 1986 SPX. While this is the normal pattern it’s by no means a guarantee. For all I know the bears could have already flipped to become bulls thinking we are going to rally much higher toward 2000.
Whatever SkyNet see’s it’s going to take action to steal the most money possible. If there isn’t too many stops overhead and there are more bulls long then we’ll see a move down tomorrow without the gap up. In fact, we could even gap down and continue all day.
If we gap down then I’m happy with my half short position. If we gap up I’ll add a second half short position as I believe we will go down on Friday and into early next week. While I’m sure we’ll take out 2000 at some point we should drop lower first to that 1900-1920 area to get some bears short that can be squeezed all the way up to a new all time high.
I just get the feeling that everyone is long right now expecting 2000 to be hit soon. They keep buying every dip looking for that breakout rally move up. But if everyone is on the same side then you know SkyNet will take their money.
So I’ll give it a 50/50 chance of a slightly higher high tomorrow to clear out the last bears’ stops and then a move down into the rest of the day, Friday and next week with that downside target being the goal before we make another big rally attempt.
Ok. Thanks.
Well, I didn’t short the top but I did take a half position just about 10 minutes ago around 1979.50 SPX, so I’ll take another half tomorrow if we pop higher.
I’m just watching for now… no position taken yet. I want to see if they can make a higher high during the lunch time noon period when the volume is the lightest. If they can’t then I think we’ll sell off into next week… slowly of course as this is still opx week and not likely to have a big drop.
I don’t think we ever see a 1929 kind of crash again. A 90% drop in the Dow and S&P,with an extended sideways period at the bottom would absolutely kill the U.S. off, and we have too many safe-guards and kill switches in place now even if it seemed something like that was starting.-But nobody at our level really knows anything for sure.- But for now..I’m just looking at the near term picture..and so far..today looks pretty strong in most key sectors. The S&P.the Transports and the COMP are all strong as hell here. And the COMP/NASDAQ is turning into a monster here..and I have a feeling it’s dead set at finally getting back to it’s all time high over 5000 made all the way back in the year 2000.At almost 4450 here..a 14 year high..it doesn’t have all that far to go. Worth keeping an eye on from here everyday.And of course the Transports..pretty much “THE” leading economic indicator has been pretty much making multiple new daily all time highs for the last 18 months. Up another 57 pts today over 8400 for the very first time. A very nasty situation for those trying to look smart calling tops.