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... Red Dragon Leo

Ok, so I haven’t exactly been around much to give you guys update…. sorry! I’ve been busy with other stuff. In fact, I’m still working hard on perfecting this this penny stock thing. Yes, I know the picks lately have been “hit or miss” but I’m confident the new picks will be more accurate.

You must remember that anything said in the newsletter that implies a certain percentage of gain is just an estimate and you as reddragonleo followers should be be able to figure out that should you exit at a 50% gain and NOT look for some maximum potential like 300% or more as promoted in the newsletter.

Don’t be greedy… yes, some picks will explode upwards and some won’t. I can’t control that as all I can do is give the best information I have. While this is a new sector to me I’m now about a year into it and I’m getting a lot better information then I was a year ago… so use common sense here please.

You guys are getting this information BEFORE the rest of the world! I will NOT be reposting this on facebook or twitter so only those REAL reddragonleo followers will see this comment. You should make a point to email me as I try to help out long time followers. 🙂

... Red Dragon Leo

While I certainly don’t hate gay people as I know that most are simply born that way and can’t help the fact that they have a female spirit (soul) inside a male human body or male spirit inside a female human body, I will go on record that it’s NOT the normal… as much as the Bravo network (owned, controlled and heavily promoted by the satanist Illuminati) would like to promote that the world is full of gay people.

Sorry for those of you born that way as I’m sure I was too in some prior life. I, and you too, have lived hundreds of lives as both a woman and a man… but the normal thing is to be straight. It’s talked about in the Bible and while I can’t claim to be a “saved” person I still try to do the right thing.

So I fully support Phil Robertson from Duck Dynasty. He has every right to publicly state his belief of the Bible and the fact that he’s a Christian. The gay community has taken over the main stream media as the Illuminati is hell bent on destroying everything the Bible stands for. Again, I’m not perfect but I know right from wrong.

It 100% wrong for these idiot producers on TV to ban Phil Robertson for him voicing his opinion as once we stop free speech we the people lose! If the satanist Illuminati can openly promote gay relationships we the sheep should be able to openly support natural marriage.

So if anyone that is gay takes this like I hate them… you wrong, as I don’t. I’m trying not to even hate the satanist Illuminati, so forgive me if you take this as an attack. It’s not… I’m just tried of a “one sided” point of view. The other 90% of the population is actually straight and are getting tired of seeing 4 out of 5 gay guys that real estate agents in New York city…. as I know damn well that’s not the NORM!

I have some gay and lesbian friends and love them dearly… but they can’t help it. I understand that and don’t hate them… so stop hating Phil Robertson for speaking his point of view.

Ok… enough ranting as no one is actually reading my blog anymore as it’s just me and San commenting here lately. Merry Christmas to me and him.

... Red Dragon Leo

This rally today was way too strong to think it’s just a “misdirection” move up. At this point I’m going with the forecast that the low is in for awhile now and we are on our way back up for the rest of the year and into early 2014. We should rally to at least 17,000 DOW I believe as previously talked about.

... Red Dragon Leo

I must admit… I’m shocked they started tapering. And we are rallying from it, which from past experiences the first move after the FOMC minutes are released is “usually” the “misdirection” move. Meaning that I don’t think the selling is over with as this is likely to be just a short squeeze before another move down to make a lower low over the coming days to weeks.

... Red Dragon Leo

I really doubt if anything changes at the FOMC meeting today at 2pm. However, the charts do support one more move down to that 1760 area. If the low breaks today odds are 90% that we’ll go a little low on Thursday before bottoming. Of course if he states something positive then we could have already bottomed and should rally.

This is a triangle formation and the breakout can happen at anytime now as it’s nearing the apex of the triangle. But sometimes bullish triangles break and then we’d see a sharp move down. With it being so close to Christmas even if it does break I’m not expecting a lot on the downside.I’d be shocked if it went past 1750 spx.

When charts are bearish like this but near the bottom it’s hard too tell how much farther they will continue down. A positive statement from Bernanke should cause them to curl back up and start a rally, but a negative statement will push the charts lower into a deeper oversold condition.

I think his statement won’t be viewed negative or positive and will just keep traders guessing. That cold setup the market to continue chopping in this triangle all day and push it out to the very end of the apex by the close. Then maybe on Thursday the jobs data (or some other news) will be the determining factor to which direction the market will go?

... Red Dragon Leo

Odds are that the low has already been put in… SPY update: http://screencast.com/t/GTw6DNT5N2