Download and install a free screen capture program called “Jing” by TechSmith and then use it to make a screenshot of it. Then you upload it to your Jing account and they will give you a link that you can post here. Really simple to use… thanks.
Bonds have continued to sell off with equities which is really a dangerous sign. Likewise, gold and every commentator on the planet seems to be bullish on gold yet it still continues to fall.
Lumber continues to plummet demonstrating that no RSI level can be considered too low. So much for the so call housing recovery.
Which reminds me that IYR ie Reits have been hammered along with RTH (retail holders) and financials which had been the 3 strongest components of this final blowoff. They have relentlessly rallied over the past 6 months and seemed impervious to any sort of decline.
I’ve liked May 24th as a SINKO DE MAYA date for quite awhile but it’s pretty close to a top but as with the Nikkei, they have shown that they can crash it off a top at a stretched RSI level. In fact, I think all standard technical indicators should be ignored as they flash crash it from some unusual technical standards ie elevated $nysi, RSi’s etc.
In particular, May 24 is 1414 trading days from 10-11-2007 and 25years7months5days from the lesser grand ritual of ’87. May 24 also fits with the Cramer code which depicted the trading of CRM on May 20 at 4pm a few years back.
Then we have the infamous numerology flash during the halftime of a Lakers game back in February that ended in a 99-90 score where they showed an initial 59 (14 or 5) followed by a 24.
I posted that info real time and almost immediately the resident troll at the time was basically accusing me of being a crackpot.
I noticed that the MACD lines for the SP are about to cross over in a bearish fashion and wouldn’t it make sense for them to flash crash it before a technical trigger like that could occur as well as some others like $nysi still being above its 50 day average and the number of new highs, advance decline line, #of stocks above the 50 day average etc. still near peak levels.
A lot of people complacent about a trading day ahead of a 3 day holiday.
Astrowise, Quetzi. and Mercury will be conjunct each other just ahead of Saturday’s full moon. Mars and Jupiter also are bunched around the moon, sun, and the previously mentioned 2 entities.
The low is likely in for the week Seawind… so yes, the resistance will likely hold. The penny stock is showing lots of insiders (I’m guessing there) trying buy at low prices as they probably know about DMS going out to sea. By the way, they are currently on the water, so things are looking good for the next 2-4 weeks.
Will 1658-1660 resistance hold??? I have been asking myself that question…covered my short from yesterday….I’ll take a few bucks! Just watching once again till Tuesday most likely…….off tomorrow.
Have a great weekend one and all! Seawind
Gang, I think they are going to push this down move out until next week. You know how they like to make the market look good going into a 3 day holiday weekend. It’s obvious to me that they are holding this market up for that very reason. We should have rolled over early today and that’s not happened yet.
So, I current see a A wave up and it looks like we are in the B wave down right now. This leaves Friday open for the C wave up to complete the whole wave 2 up. I’m getting the feeling that this C wave tomorrow is going to scare the pants off the bears and go a lot higher then anyone will believe (but NOT take out the current high).
Therefore I’m going to exit all my short positions and wait to see what happens. I don’t trust these gangsters one bit and the trickiest move here to rip the market up hard tomorrow and fool all the bears.
Download and install a free screen capture program called “Jing” by TechSmith and then use it to make a screenshot of it. Then you upload it to your Jing account and they will give you a link that you can post here. Really simple to use… thanks.
I have a pic of FNMA at .66 (fake print) 5/24/2013 @ 1824 hrs.
I got a size limit when I tried to upload the image.
Bonds have continued to sell off with equities which is really a dangerous sign. Likewise, gold and every commentator on the planet seems to be bullish on gold yet it still continues to fall.
Lumber continues to plummet demonstrating that no RSI level can be considered too low. So much for the so call housing recovery.
Which reminds me that IYR ie Reits have been hammered along with RTH (retail holders) and financials which had been the 3 strongest components of this final blowoff. They have relentlessly rallied over the past 6 months and seemed impervious to any sort of decline.
I’ve liked May 24th as a SINKO DE MAYA date for quite awhile but it’s pretty close to a top but as with the Nikkei, they have shown that they can crash it off a top at a stretched RSI level. In fact, I think all standard technical indicators should be ignored as they flash crash it from some unusual technical standards ie elevated $nysi, RSi’s etc.
In particular, May 24 is 1414 trading days from 10-11-2007 and 25years7months5days from the lesser grand ritual of ’87. May 24 also fits with the Cramer code which depicted the trading of CRM on May 20 at 4pm a few years back.
Then we have the infamous numerology flash during the halftime of a Lakers game back in February that ended in a 99-90 score where they showed an initial 59 (14 or 5) followed by a 24.
I posted that info real time and almost immediately the resident troll at the time was basically accusing me of being a crackpot.
I noticed that the MACD lines for the SP are about to cross over in a bearish fashion and wouldn’t it make sense for them to flash crash it before a technical trigger like that could occur as well as some others like $nysi still being above its 50 day average and the number of new highs, advance decline line, #of stocks above the 50 day average etc. still near peak levels.
A lot of people complacent about a trading day ahead of a 3 day holiday.
Astrowise, Quetzi. and Mercury will be conjunct each other just ahead of Saturday’s full moon. Mars and Jupiter also are bunched around the moon, sun, and the previously mentioned 2 entities.
S&P 500 Analysis after closing bell: http://niftychartsandpatterns.blogspot.in/2013/05/s-500-analysis-after-closing-bell_24.html
The low is likely in for the week Seawind… so yes, the resistance will likely hold. The penny stock is showing lots of insiders (I’m guessing there) trying buy at low prices as they probably know about DMS going out to sea. By the way, they are currently on the water, so things are looking good for the next 2-4 weeks.
Bank of America broadening pattern: http://niftychartsandpatterns.blogspot.in/2013/05/bank-of-america-support-and-resistance.html
Thx Mr. Red…..
Will 1658-1660 resistance hold??? I have been asking myself that question…covered my short from yesterday….I’ll take a few bucks! Just watching once again till Tuesday most likely…….off tomorrow.
Have a great weekend one and all! Seawind
Gang, I think they are going to push this down move out until next week. You know how they like to make the market look good going into a 3 day holiday weekend. It’s obvious to me that they are holding this market up for that very reason. We should have rolled over early today and that’s not happened yet.
So, I current see a A wave up and it looks like we are in the B wave down right now. This leaves Friday open for the C wave up to complete the whole wave 2 up. I’m getting the feeling that this C wave tomorrow is going to scare the pants off the bears and go a lot higher then anyone will believe (but NOT take out the current high).
Therefore I’m going to exit all my short positions and wait to see what happens. I don’t trust these gangsters one bit and the trickiest move here to rip the market up hard tomorrow and fool all the bears.
APPLE Resistance levels: http://niftychartsandpatterns.blogspot.in/2013/05/apple-resistance-levels.html