A certain little indicator keeps heading south as its component remains negative despite the new high in the SP. The Nasdaq component did bounce to its 0 line. Basically its in the same location it was at in late July 2011 just slightly after a lower high was put in by the SP but new high in the Nasdaq and Dax. Like back then, the Rut was making a considerably lower high.
The Astro activity starts to heat up now as we head to the main event on the original Twitter IPO date when we get a triple ninen event. Yellen speaks tomorrow so maybe they keep things propped up but a similar like top like today occurred a quarter century plus one year ago and saw a drop the next day. Like then, new high with lower MACD historogram bars (divergence) and like 2000 top with lower RSI.
Here’s a 1929 bubble like stock: IEP A Carl Ichan limited partnership that should be totally geared to the stock market. A way for investors to ride on the back of all of Icahn’s moves. Something nice to mark a top. Anyway, it appears to be in the process of cratering.
A certain little indicator continues to head southward. Time for some EXASperating moves, MON!!! ONS Jr. Market….. Redrum!!!!!
Just noticed from that little ritual playing out in MIAMI: the Incognito Martin fiasco adds up to 139 as in MIAMI (139-1-139). Incognito and Martin’s numbers add to 139 or 68+71….
No… the last update didn’t pan out as you can see we are well past the October 22nd to November 1st time zone. When I got that update he was expecting a big move down in that zone (just like I was) but it’s clear now that they aren’t going to let this market tank.
The decision made from the last Legatus meeting was obviously to keep injecting money into the market to keep it from crashing. That was later confirmed when Bernanke continued the $85 Billion on the FOMC meeting October 29th-30th.
By then end of November (or sooner?) I expect that they will have worked off the overbought charts on the weekly and daily and got them into oversold conditions, all while holding the price levels flat on all the major indexes.
This will basically make a big bull flag on those weekly and daily charts and give them the ability to rip it up higher in December. I’m expecting 17,000 on the Dow by the end of the year now as we bears aren’t allow to eat more then one day it seems.
So yeah, I guess we could drop back some but it certainly isn’t going to be anything even close to a crash. We’d be lucky to see 1700 on the SPX by the end of this month I think. The more likely scenario is that we drop back some to put in a right shoulder on an “inverted head and shoulders” pattern where the recent low of 1746 was the head.
The left shoulder would be the 1752 low on 11/01/2013 I guess. The bottom line here is that the crash has been canceled. The market will likely continue to be choppy until they get the MACD’s Stochastic’s, and RSI’s all into oversold conditions. Then they will turn them all back up together and push up to new highs.
Dear friends i have finally made it to my dream of becoming a member of the great Illuminati member after all i been through trying to get it touch with the real guy thanks to Mr Don who help me to achieve my dream if you also need any help you can contact him on his email: donilluminati62@yahoo.com
SINA Chart update: http://niftychartsandpatterns.blogspot.in/2013/11/sina-chart-analysis.html
A certain little indicator keeps heading south as its component remains negative despite the new high in the SP. The Nasdaq component did bounce to its 0 line. Basically its in the same location it was at in late July 2011 just slightly after a lower high was put in by the SP but new high in the Nasdaq and Dax. Like back then, the Rut was making a considerably lower high.
The Astro activity starts to heat up now as we head to the main event on the original Twitter IPO date when we get a triple ninen event. Yellen speaks tomorrow so maybe they keep things propped up but a similar like top like today occurred a quarter century plus one year ago and saw a drop the next day. Like then, new high with lower MACD historogram bars (divergence) and like 2000 top with lower RSI.
“next week” is not over yet.
yeah.. good call!
Crude oil weekly support levels: http://niftychartsandpatterns.blogspot.in/2013/11/crude-oil-near-weekly-support-levels.html
Here’s a 1929 bubble like stock: IEP A Carl Ichan limited partnership that should be totally geared to the stock market. A way for investors to ride on the back of all of Icahn’s moves. Something nice to mark a top. Anyway, it appears to be in the process of cratering.
A certain little indicator continues to head southward. Time for some EXASperating moves, MON!!! ONS Jr. Market….. Redrum!!!!!
Just noticed from that little ritual playing out in MIAMI: the Incognito Martin fiasco adds up to 139 as in MIAMI (139-1-139). Incognito and Martin’s numbers add to 139 or 68+71….
IWM Bullish Channel and Divergence: http://niftychartsandpatterns.blogspot.in/2013/11/iwm-bullish-channel-and-negative.html
No… the last update didn’t pan out as you can see we are well past the October 22nd to November 1st time zone. When I got that update he was expecting a big move down in that zone (just like I was) but it’s clear now that they aren’t going to let this market tank.
The decision made from the last Legatus meeting was obviously to keep injecting money into the market to keep it from crashing. That was later confirmed when Bernanke continued the $85 Billion on the FOMC meeting October 29th-30th.
By then end of November (or sooner?) I expect that they will have worked off the overbought charts on the weekly and daily and got them into oversold conditions, all while holding the price levels flat on all the major indexes.
This will basically make a big bull flag on those weekly and daily charts and give them the ability to rip it up higher in December. I’m expecting 17,000 on the Dow by the end of the year now as we bears aren’t allow to eat more then one day it seems.
So yeah, I guess we could drop back some but it certainly isn’t going to be anything even close to a crash. We’d be lucky to see 1700 on the SPX by the end of this month I think. The more likely scenario is that we drop back some to put in a right shoulder on an “inverted head and shoulders” pattern where the recent low of 1746 was the head.
The left shoulder would be the 1752 low on 11/01/2013 I guess. The bottom line here is that the crash has been canceled. The market will likely continue to be choppy until they get the MACD’s Stochastic’s, and RSI’s all into oversold conditions. Then they will turn them all back up together and push up to new highs.
Facebook chart analysis: http://niftychartsandpatterns.blogspot.in/2013/11/facebook-chart-analysis.html
Dear friends i have finally made it to my dream of becoming a member of the great Illuminati member after all i been through trying to get it touch with the real guy thanks to Mr Don who help me to achieve my dream if you also need any help you can contact him on his email: donilluminati62@yahoo.com