like i said in my other post, betting on a down week is dangerous since it hasn't happened in the last 250 weeks when there has been 4 straight down weeks, since this is a numbers game i can only go by the numbers.
The market has already topped. Monthly, Weekly, and Daily charts are all pointing down. That wasn't the case back in May or September of 2009.
I'm expecting the 200dma to be hit this week, and then a small bounce. It will still be a down week though. The Olympic ritual next Friday could just produce a larger down week into OPX.
That's hard to predict. I only know that everything is point down now, and it should last a few months. The government will come in with another stimulus plan when we hit the bottom. At that point, I'll be looking to go long… but not until that happen.
It's going to take the banks a couple of months to sell all their shares. This isn't over sundancer… it's only beginning.
don't forget the Olympic ritual (Zeus/G-Zeus) is coming up starting this coming friday, the last time the market topped the following trading day after the opening ceremony. the market proceeded to crash 36.4% in the following 33 days.
I hope u didn't bet the farm, u betting on a down week doesn't carry very good odds. It hasn't happened in the last 250 weeks, yes even during the darkest hours of the bear market there was never 5 down weeks in a row.
If your theory of a down week next week is based on R's theory of Legatus, then be careful I saw people get destroyed in May & October of 2009 on his “theory”. The way I look at it is R figured out Legatus and became famous during 2008. Like with any cartel, if someone figures out your game, u either silence the person that has figured out the game or constantly keep the game in a state of flux so nobody truly figures out the timing.
RED, READ YOU DAILY.LOVE THE FACT THAT YOU ARE A STRAIGHT SHOOTER.NO DOUBLE TALK.RIGHT OR WRONG YOU TAKE A STAND.
Red, you are very knowledgeable, certainly knows well how to play markets. Keep up great work….Thanks for your insights.
like i said in my other post, betting on a down week is dangerous since it hasn't happened in the last 250 weeks when there has been 4 straight down weeks, since this is a numbers game i can only go by the numbers.
yesterdays low came off the 200 ema (algos use ema's) plus 1045.66 was the absolute boundary for the market
http://www.flickr.com/photos/47091634@N04/43343…
The market has already topped. Monthly, Weekly, and Daily charts are all pointing down. That wasn't the case back in May or September of 2009.
I'm expecting the 200dma to be hit this week, and then a small bounce. It will still be a down week though. The Olympic ritual next Friday could just produce a larger down week into OPX.
That's hard to predict. I only know that everything is point down now, and it should last a few months. The government will come in with another stimulus plan when we hit the bottom. At that point, I'll be looking to go long… but not until that happen.
It's going to take the banks a couple of months to sell all their shares. This isn't over sundancer… it's only beginning.
don't forget the Olympic ritual (Zeus/G-Zeus) is coming up starting this coming friday, the last time the market topped the following trading day after the opening ceremony. the market proceeded to crash 36.4% in the following 33 days.
also important to note SPY closed @ 106.66 yes triple 6 indicating the sacrifice to the SUN is complete (666/Pi=212)
I had almost forgot about the fake 97 point misprint. I also caught it, and posted a picture back on January 11th…
http://reddragonleo.com/2010/01/11/97-point-drop/
I don't think that is their way of telling their friends that the bottom is in… but instead, telling their friends that the fall has begun.
This is not a small correction sundancer… all charts are point down now. This is a several month sell off event coming.
when de-lever points get hit and massive volume shows up as in SPY biggest volume since march 6, 2009, yes that's the day the SPY made its final low
important to note:
de-lever points hit on the market yesterday
SPY 105.48 indicated December 14,2009
SPX 1047.28 indicated January 11,2010
http://www.flickr.com/photos/47091634@N04/43320…
http://www.flickr.com/photos/47091634@N04/43257…
Red,
I hope u didn't bet the farm, u betting on a down week doesn't carry very good odds. It hasn't happened in the last 250 weeks, yes even during the darkest hours of the bear market there was never 5 down weeks in a row.
If your theory of a down week next week is based on R's theory of Legatus, then be careful I saw people get destroyed in May & October of 2009 on his “theory”. The way I look at it is R figured out Legatus and became famous during 2008. Like with any cartel, if someone figures out your game, u either silence the person that has figured out the game or constantly keep the game in a state of flux so nobody truly figures out the timing.