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Interesting that all of the recent tops have come on days that end in 2s and 5 trading days. Recent highs occurred on May 2 (2011), April 2 and May 2 (2012), and May 22 and now July 12??? The Friday September 14 high doesn’t fit in this pattern but it was a 5 day trading day #.
April 2 was 775 tds from the 3-6-9 low, 9-14 115 days later, 5-22 295 tds later, and July 12 330 days later.

7-12 is also the infamous 3 of 3 of 3 of 3 number that can be seen in Stanley Kubrick’s 1987 double grand and lesser grand ritual flick, Full Metal Jacket, in the walking boots sequence (Saigon sequence). Since nothing happened today, it will imply something else. Most likely that there will be a double crash scenario (14 15???).

The sports media opinion meisters have heavily promoted new baseball wunkerkind Yasiel Puig(#66), recently trying to browbeat the baseball public to vote him into the All Star game although he has only 1 month of major league service. Instead Brave’s player #5, Freeman was voted in for the last spot. 5-66 or 5-12……512 calendar days from the 10-11-07 high to the 3-6-9 low.

... Scott Gifford

Hi Red, My Schwab StreetSmart Edge flashed FNMA at .087. Sorry don’t have a screen shot. But I find it interesting. I told you about FNMA fake print at 1.11 when FNMA was trading at 2.65, it went as low as 1.01. So some catastrphic event is about to happen for FNMA to trade at .087

... Seawind 4

Thanks Mr. Red……
$NYMO is heating up on the daily and weekly…..

... Red Dragon Leo

Upside target is 1705-1710 spx early next week. This is all setting up for a nice mini-crash wave down starting in early August. I’ll do a new post over the weekend to tell you all what I see.

... rose

I don’t have it. somebody said on another paid site. two people also saw 10 year treasury rate at 3.8% on ameritrade trade stateion

... Red Dragon Leo

Do you have a screen shot? Post it if you do…. or email it to me and I’ll post it.

... rose

some one saw fp on spy at 147 today

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Tomorrow is July 12 or 7-12 and there is a Room 237, the Shining documentary, connection to that date tomorrow although I am too tired to really convey the message very well. As it is presented in the documentary: July 12, 1987…..more on this maybe tomorrow.

If my theories are correct, the markets should start heading south tomorrow.

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We got the large whitebar today that closed above the late June high today for the Dow, SP, and $nya. With the perfect news for a top but 60 min RSIs are at extreme levels all across the board which might require another new high later. SP, Nasdaq are at the very extreme 89 level while Rusell 2000 is at a slightly lesser extreme level of 79.

Today is a Fib 34(7) trading days from the May 22 high but this rally might hold up until tomorrow when it will 35 tds since the markets seem to make important highs on 5s with the 4-2,12 high being at 775 tds from 3-6-9 and may 22 being 1060 tds later.

A certain little indicator is far below its 50 day average which is really short term bearish while its component finally reached the overbought level seen at the B wave high double five years ago.