Or we could be involved in Theory #1 ….We shall see in this weeks action.
A couple theories from Richard Russell…….
I have only two theories; first, the market will decline in a jagged
see-saw pattern, a pattern that creates no fear. The market drops ten
percent and analysts declare that this is the long awaited and long
expected ten percent correction.
But the general market continues to
decline, and investors remain in the market waiting for the inevitable
rally that will conclude the correction. No rally comes, and stocks
continue to decline, suddenly there is a realization that this is no
correction but a bear market, and down goes the bear, taking billion of
shares with him.
The other scenario that I envision is
one day, with no previous warning, the market drops and a huge gap, over
a thousand points in the Dow opens. The authorities close the exchange
for three days and when the market opens, it gaps down again. When the
market finally opens again, thousands of stocks open well below their
previous closes and a bear market is on.
Monday Morning ES Futures Update:http://reddragonleo.com/wp-content/uploads/ES-Futures-Update-8-17-2015.png Jing seems to be down so I could get the chart out before the open… sorry guys. But it looks like the market just dropped without the backtest I thought might happen as shown in the chart.
So now we just wait until the 10:30-11:30 am time period to see what they decide to do. If they reverse this nicely then we could still get our short opportunity into Tuesday. If they continue down then we could have missed it… which implies they will bottom Tuesday morning and then reverse back up. At that point we’ll have missed the short and will be looking for a “possible” long. Just depends on what the charts say at that point. Right now it’s clear that down is the direction. I just personally don’t like to chase it.
In order for the sheep to be fooled before the crash we should rally up to 2120-2130 SPX area by next Friday. So while Monday I expect to see some selling I don’t see 2040 area being broken yet. In fact, I think we won’t see that level hit and broken until the 4th week of August and I don’t think it will stop there but continue much lower.
Markets are looking like things are about to get ugly. These signals are a hint of things to come. Protecting capital is key. With VIX and Markets up, one of them is very wrong.
We also have one on QID (http://screencast.com/t/HAikAV1U9k3) showing a high of 50.06, which when added all up together equals 11, and again… all “elevens” and multiples of them (22, 33, 44, 55, 666, etc…) are ritual numbers for the elite that control the market and create false flags.
Very tricky right now. This quick move up is hard too figure out.
Or we could be involved in Theory #1 ….We shall see in this weeks action.
A couple theories from Richard Russell…….
I have only two theories; first, the market will decline in a jagged
see-saw pattern, a pattern that creates no fear. The market drops ten
percent and analysts declare that this is the long awaited and long
expected ten percent correction.
But the general market continues to
decline, and investors remain in the market waiting for the inevitable
rally that will conclude the correction. No rally comes, and stocks
continue to decline, suddenly there is a realization that this is no
correction but a bear market, and down goes the bear, taking billion of
shares with him.
The other scenario that I envision is
one day, with no previous warning, the market drops and a huge gap, over
a thousand points in the Dow opens. The authorities close the exchange
for three days and when the market opens, it gaps down again. When the
market finally opens again, thousands of stocks open well below their
previous closes and a bear market is on.
Monday Morning ES Futures Update:http://reddragonleo.com/wp-content/uploads/ES-Futures-Update-8-17-2015.png Jing seems to be down so I could get the chart out before the open… sorry guys. But it looks like the market just dropped without the backtest I thought might happen as shown in the chart.
So now we just wait until the 10:30-11:30 am time period to see what they decide to do. If they reverse this nicely then we could still get our short opportunity into Tuesday. If they continue down then we could have missed it… which implies they will bottom Tuesday morning and then reverse back up. At that point we’ll have missed the short and will be looking for a “possible” long. Just depends on what the charts say at that point. Right now it’s clear that down is the direction. I just personally don’t like to chase it.
Truly amazing how well controlled SkyNet manipulates this market.
SPX 2011-2015 Chart Comparison: http://screencast.com/t/fTiX9SdnttMm
that is amazing how tight that trading wedge is
SPX Update, still set to save the rising trendline of support from 2011 http://screencast.com/t/js6XPQHwypd
In order for the sheep to be fooled before the crash we should rally up to 2120-2130 SPX area by next Friday. So while Monday I expect to see some selling I don’t see 2040 area being broken yet. In fact, I think we won’t see that level hit and broken until the 4th week of August and I don’t think it will stop there but continue much lower.
Markets are looking like things are about to get ugly. These signals are a hint of things to come. Protecting capital is key. With VIX and Markets up, one of them is very wrong.
Got another FP this morning the VXX: http://screencast.com/t/VC6S4Pb5 It’s showing a high of 68.33 and “33” is a ritual number for the assholes that run this world. That’s the 2nd FP (fake print) on VXX (https://a.disquscdn.com/uploads/mediaembed/images/2344/3029/original.jpg)… which has a high of 108.56, and that “could” be a coded message where the 108 part equals 9 and the .56 part equals 11… or 9/11?
We also have one on QID (http://screencast.com/t/HAikAV1U9k3) showing a high of 50.06, which when added all up together equals 11, and again… all “elevens” and multiples of them (22, 33, 44, 55, 666, etc…) are ritual numbers for the elite that control the market and create false flags.