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... Red Dragon Leo

Do you have a link? Please post it if you do… Thanks.

... MobyDoc

Iran's Supreme leader Ayatollah Ali Khamenei said on Monday that Iran is set to deliver a “punch” that will stun world powers during this week's 31st anniversary of the Islamic revolution, AFP reported.

... triglav

O.K. Red, here's the deal: if the market crashes to 980 by end of week (or early next week, who cares…) I promise I'll take into consideration your theories and watch and read carefully the related material. Anyway, I like to read your posts everyday.

... Red Dragon Leo

Thanks Michigan… but it's only starting! Wait until they see what happens next. LOL!

... Michigan

Red,
I am sorry, I don't really understand even after reading your post today. What is Stargate and how is it related to 2012. What is undersea opening opening. Please give your best shot to explain in layman's language. I am following EWs well but not this stuff about Stargate. Thanks in advance…

... Michigan

Red,
Congrats – because you are the only bear who predicted right. All others were calling for decent bounce and some bears bailed out Friday afternoon fearing massive rally!!.

Tonight will be interesting to watch how those guys try to manipulate futures, or if they just give up and join the trend down.

... monicadern

You are awesome and I hope you make a killing.

... Red Dragon Leo

I hope there not true as well Monica… but it's hard to ignore it, when it's right there in your face.

... monicadern

Red, I sure hope these theories aren't true. I better go hide in my bomb shelter on the 11th! Can't watch the market from there though 🙂 Futures holding up – bummer. Anxious to see what happens tomorrow. Good night!

... Red Dragon Leo

Not sure what you are looking for exactly? If you can't do etf's in your trading account, then you will have to find out what you are allow to trade.

As for the 200ma… yes, I think we could hit that tomorrow? If so, I'd expect a bounce from it to create minor wave 4 up, inside of larger/intermediate wave 3 down.

That would allow for one more panic selling (minor wave 5) down to the 980 level… possible by Friday? We could sell off tomorrow, and then go sideways to slightly up into Thursday, and then sell off again into Friday.

That's about what I'm expecting to happen. That should complete larger/intermediate wave 3 down, and should produce an up move into OPX. If this plays out like this, I'll get out by Friday and wait for the up move next week to complete, before going short again.