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
Weak breadth on Friday’s big upday. It allows a certain little indicator to keep on trucking southward although currently at a semi-snail’s space.
The market’s still in a chop zone as the 20 day average is still rising, bollinger bands are still contracting. A component of a certain little indicator also bounced off its lower BB on Friday.
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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
Is their any updates from ALI ?
APPLE Chart update: http://niftychartsandpatterns.blogspot.in/2013/11/apple-chart-update_11.html
Futures ended at 1766 Friday….
Weak breadth on Friday’s big upday. It allows a certain little indicator to keep on trucking southward although currently at a semi-snail’s space.
The market’s still in a chop zone as the 20 day average is still rising, bollinger bands are still contracting. A component of a certain little indicator also bounced off its lower BB on Friday.
TESLA Weekend Update: http://niftychartsandpatterns.blogspot.in/2013/11/tesla-weekend-update.html
Groupon weekend update: http://niftychartsandpatterns.blogspot.in/2013/11/groupon-weekend-update.html
WELCOME TO THE GREAT TEMPLE OF ILLUMINATI.
Are you a business man, politician, musical, student
and you want to be rich, powerful and be famous in life.
You can achieve your dreams by beaning a member of
the illuminati. With this all your dreams and heart
desire can be fully accomplish, if you really want to be a member of the great illuminati then you can contact
destinysmart11@gmail.com or call+2348104933655