Posts tagged DIA
Weekend Update – Market Manipulation To Extreme!
Sep 6th
Wednesday update…
No More Taking The Stairs UP!
(I made a mistake thinking today was Memorial Day in the video. Duh… it’s Labor Day! Sorry).
Last week is a clear example of how well controlled and manipulated this market really is. A normal market will take the stairs up (meaning it slowly makes gains every day), and the elevator down (meaning it usually falls up to 6 times as fast going down, when compared to up). But last week the market took the elevator up too… why? Was this normal, or manipulation?
Duh! We all know the answer there… MANIPULATION! No normal market rallies straight up like we seen last week. While the market has always been controlled, the level of manipulation today far exceeds that of just as little as 2 years ago.
All this monopoly money that the gangsters are printing has changed the game dramatically. The little guys don’t stand a chance in this rigged game. It’s not the same as playing blackjack in Vegas… it’s worst! Of course we all know that the house wins 95% of the time or more, but at least in that game the house doesn’t know what you have in your hands.
In the market, they can see in your hands by the about of open interest on the various strike prices for the expiring option… and they can also see where everyones’ “stops” are placed at! That’s like the house looking at your cards in Vegas… absolutely insane!
So why do we continue to play this rigged game? I dunno… stupid I guess? While I was calling for a move back up to the FP of 111.17 (spy) last week, I had NO idea that the market would go straight up on a rocket ship like it did. Talk about total B.S…. that certainly was!
There was NO reason… not fundamentally, technically, or elliottwave that could explain the move up we had last week. This was done for one reason… to rob the bears! Many of my online blogger friends were hurt very badly during that ramp job. I was lucky that I didn’t have any positions at the time, but many others did.
There were a few brave one’s who were long the market, and they were rewarded greatly. Being a bear, I just don’t have the guts to go long in this depression we are in. I’ll go long when the spy hits 20.16, but in the meantime… I’ll just sit out the rallies in between. LOL
Moving on…
The last video I did I thought that we would sell off on Friday to the 105.39 FP, making a “B” wave down in an ABC move up to the 111.17 FP from many weeks back. But instead, they decide to skip the “B” wave down and simply go straight up to the 111.17 print first. That leaves next week to go down to the 105.39 FP level, and then… who knows?
This market is so rigged that virtually impossible to get a clear direction of where the next trend is going to be? I thought we would go down to the Dow 8300 FP one week, and then the next week I changed opinion to going up to the DIA 118.16 FP… and now I’m clueless as to which one we will hit first?
Of course that’s exactly how they planned it… to confuse everyone. But, knowing the targets (by the FP they give us) we should be able to figure out which one they are going too first by using technically analysis. However, TA’s only work for as long as they allow them to work.
How long is that? Just about long enough to get ever bull and bear positioned in the market happily, thinking they got the next move figure out… and then BAM, they pull a rabbit out of hat! I wonder why I keep trying to figure this game out, as every time I think I got it mastered, the rules change.
Such is life I guess. Walking in a mine field voluntarily isn’t the brightest thing too do, but us traders do it every day I guess. Why do we do it time and time again? I guess it’s just the same reason people buy lottery tickets every week… one day we’ll hit the jackpot (or just go broke trying… LOL).
Now to the market…
Clearly, from looking at the charts, you can see that we are overbought on the daily now, as well as the 60 minute chart too. So yes, we should sell off on Tuesday… but will we? With the light volume expected all week, due mainly to it being a shorten time period because of Memorial Day on Monday, I’m not expecting a lot traders too be there to buy and sell.
So, if they plan on taking it back down to the 105.39 FP next week, it will be the institutions selling while the little guy is sleeping (just like it always is…), which makes you wonder about the Legatus meeting starting on the 9th? Are we going to rally into the meeting, and sell off after… or will the 105.39 FP be the low going into it, with a several month rally afterwards?
From a political point of view, I believe the Democrats would like to rally into the November elections. But, there is still plenty of time to go down to the 8300 print first, and rally the rest of the year. I look at the weekly chart and it does look ready to go up into positive territory on the histogram bars. I’ve said in many video’s that I’d like to see several positive bars occur, and then a roll over into the abyss.
You will notice that the weekly chart rallied up to the 20 and 50 day moving average lines and stopped. There is a ton of overhead resistance beyond the current level, but with Bernanke now pumping more stimulus into the market, and the big institutional gangsters (errr… I mean banksters) sitting on their hands waiting for the “green light” to hit the sell button again… I just don’t think that resistance will hold them back if they want to go higher.
So what’s the bottom line? While we are short term overbought, the intermediate term shows the market turning up now. Of course it could just as easily roll back down at anytime, but for now it appears they plan to rally for awhile. I can’t say it’s going to be easy, but again… anything is possible.
However, even if we do go up a little more next week, we should turn around the 12th according to the SpiralDates chart… which would line up with a the Legatus meeting too. It would give the gangsters enough time to cash their check during the first few days of the Pilgrimage.
Let’s also not forget that America could be announcing that it’s going to default on it’s international debt before the 31st of this month (according to Benjamin Fulford). If that happens, then we go down… if not, then I guess we go up? I know that’s not much help, but I can see bullish patterns forming now… even though my gut tells me they are going to surprise everyone and tank it hard.
So hang in there bears, I really don’t think we are going up too much further next week. If we get to 1130 area, that would be a triple top… which I don’t see it breaking on the first try. ”IF” and that’s a big “if”, we do continue higher next week, I’d expect it to fall short of that triple top, or go up there and trade sideways for several days baiting all the bulls into thinking it’s going to break out from the bull flag it would form… then turn her back down around the 12th.
By the way, the 12th is on a Sunday… so that would imply a “weekend event” to cause a sell off the following week. What could that be I wonder? A post 911 bear celebration… maybe? You know they aren’t going to crash it on September the 11th… but the week after is a different story.
If I had to guess (and that all I do anyway), I’d say we chop around that 1130 level next week doing nothing be eroding the time value of any options the bulls and bears have. We might even do an intraday stop swept just above that level on September the 10th to clear out the bears just before the plunge.
Anyway gang, I’m just speculating here, as I don’t know what they have planned… or where the market is going next week. So I’ll close for now and wish everyone success next week.
Red
Weekend Update – US To Default On Debt
Aug 29th
Tuesday Update…
Red
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Monday Update… it’s not looking good for the bulls!
Red
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Before I go over the stock market I’d like to take some time and go over the picture behind the scenes…
Upon reading Benjamin Fulford’s latest report, it appears that the Amero dollar is still being pushed forward, and really is going to happen. I honestly don’t see any other way to pay down the US debt other then to create a new currency.
In this plan the Amero will be backed by gold, and the current US dollar will be replaced. The ratio will be 2/1, meaning you will get one Amero dollar for every two US dollars you currently have. Will it really happen? I don’t know, but a lot of white hat’s (good guys) in the Pentagon are trying to make it so.
With all the debt created by the Federal Reverse Gangsters, it’s going to be the only way left to save America. But, that doesn’t mean we won’t be saved from financial collapse, as that’s still going to happen regardless of whether or not the new currency is created, or we keep the current one.
According to Fulford, many white hats are slowly and secretly arresting the gangsters one by one. This is being done quietly to avoid the America people rising up and starting a civil war… which the gangster would love as it would allow them to declare marital law, therefore giving them their power back. This is something the white hats are trying to avoid.
Remember, these crooked gangsters want caustic and disasters to happen. They created them on purpose as it gives them power to control us unknowing scared little sheep. The most important thing you can do, is too inform everyone about their plans, and then they can’t do them.
So please do spread the word about this by emailing your friends and having them watch video’s on youtube about these crooks. The more the sheep (us… as in you and me) become informed, the harder it is for the wolves (gangsters… aka Federal Reverse Illuminati Nazi’s, member’s of the Bilderberg Group, and those attending the Legatus Pilgrimage), to control and kill us.
You know, I started this blog to write about the stock market. I just never knew how much it was manipulated and controlled by “The Power’s That Be” (TPTB). So when I go off subject like this and talk about the gangsters plans, it might not seem related to the market… but it is!
So hopefully you don’t think all this stuff is just B.S. as I’m not the one making it up… I’m only reporting it, and spreading the news about it. If you’ve been brainwashed by the mainstream news all your life, hopefully you are now more aware of the what’s really going on in the world we live in.
“The Truth Will Set YOU Free”… so spread it!
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Moving on to the technicals…
From looking at the clear “option expiration” Friday manipulation, I’d say that Monday isn’t likely to go up much further. It’s likely to be a “pause” day, or flat… meaning up and down throughout the day, but closing with a spinning top, or “doji” candle.
On Tuesday we could get a down day, followed by an up day on Wednesday? But overall, I just have that feeling that the direction isn’t going to be straight down… yet! Meaning, I’m looking for some choppy action next week, to lure in some bulls and shakeout some bears.
With the daily chart curling back up, and the put/call ratio too high for another sell off to happen, the market is likely to have an upside bias next week… especially early on. But by Thursday and Friday, we could see some selling going into a 3-day holiday weekend (Memorial Day).
I’m not sure on that, so we’ll have to wait until those days get here… and see what the job’s data comes in at. Remember, we still have that FP of 111.17 spy, and the FP of Dow 8300… of which, they will both be hit. There is also the September 9th-20th Legatus Pilgrimage, and we still don’t know it we are going into that time period making a low in the market, or a high?
If we rise up to the FP of 111.17 into the meeting, then that would be a high… meaning that they would sell off the market after the gangsters cash their checks (from selling at the top in April, while telling the public to continue buying of course), and funnel the money out the country through the Vatican secret banks so they aren’t exposed or tracked.
This move up would also be some sort of wave 2 up, with the following down move being an assortment of wave 3′s… depending on how you count the waves? Regardless of the count, the next wave down would be a very powerful move.
Now, the other count is more bearish on the short term as it has us only going up to the 1070-1080 area, making a wave 4 up, with wave 5 down to take out the 1040 area and possibly the 1010 low (although I think it won’t take it out on the first hit, but instead bounce back up for a larger wave 2).
Here’s something else to think about, according to Fulford, the US is going to default on it’s debt by this September 31st (actual quote below):
Despite its fearsome appearance, the massive US saber-rattling is mainly a negotiating tactic aimed at ensuring the best possible deal in the upcoming US bankruptcy proceedings. The US will be forced to default on its international obligations by the time of its September 31st fiscal year end.
Even the cool-aid drinking, brainwashed “journalists” and “economists” who believe the corporate media’s false reality must be suffering from cognitive dissonance at this point. The US government’s fiscal deficit is so huge now that even if all countries that have a trade surplus with the US invest their entire surplus in US government bonds, there will still be an annual shortfall of about $1 trillion. This is being made up by Federal Reserve Board printing presses but that is only a stop-gap measure. Any rational analysis even of the cooked data provided by the US corporate government will reveal the situation to be unsustainable.
Now to me that looks like the Hindenburg Omen coming late this September! So let’s think about this for moment and try to piece together what has already played out, versus what we think is going to play out. I was assuming, or guessing that we would go down into the Legatus Pilgrimage, and then rally coming out it with Stimulus package number whatever (we all know that they have secretly many stimulus packages into the market that wasn’t reported to the public).
Even Reinhardt has purposed the idea that more stimulus is what’s likely to happen after the pilgrimage (although he is just speculating just like I am). But, Bernanke just spoke on Friday and said that the Fed’s would inject as much stimulus as needed into the market (errr… economy, but we know he means “the wallstreet gangsters”).
Ok, if he’s already “let the cat out of the bag”… what can they do to stimulate the market after the Legatus meeting is over with? Let’s assume that we are going up to the FP of 111.17 spy in the next few weeks, and it’s based on Bernanke’s promise of more stimulus. What’s going to rally the market after that?
Isn’t wallstreet known to “buy the rumor, sell the fact”? Ok, well the rumor is that more money will be injected into the market if needed, and the fact is… it’s already being pumped in there right now! And if we see a move up to the FP of 111.17 spy, then we’ll know for sure that the money is already in the market.
Remember the link about George Soro’s selling everything he own’s in the US market? Do you really think we are going to make a bottom into the pilgrimage and George is going to buy up all the assets with the Dow at 8300? Or is it more likely that he sold out in April-June and is waiting for a real bottom to happen before coming back to the US market?
This guy is a Billionaire and can’t unload everything in only one day… it takes weeks and maybe months to unload that much stock without crashing the market. Therefore, logic tells me that he’s looking for a lot lower price then Dow 8300 to rob the America public again (err… I mean buy up stocks a heavily discounted prices).
I think he knows that this market is going to fall off a cliff in the next few months, and has moved his money out the country into whatever else is safer? These guys control the market and know ahead of time what is going to happen. I’m really leaning toward a move up now… into the September 9th-20th time frame and then a huge wave 3 down to wipe everyone out.
Right now, there are too many bears out there, and I think the only way to kill them off is to take it higher then everyone expects. Since most people are now expecting the 1070-1080 area to be the target, and then wave 3 of 3 of etc… to begin, let’s fool them all and take it up to 111.17 spy.
It makes sense too me, as it will allow the daily chart time to go back into positive territory before rolling over late in September, into a large set of wave 3′s down. I could be totally wrong on this, as most people are now calling for the next leg down to occur next week or the following… but it just seems too predictable, and when it’s easy to read “it doesn’t happen”.
Plus, there is this article by ZeroHedge that states that Goldman Sachs is now publicly bearish and calling for a possible move down to 900 spx. Well, since Goldman is full of crooked gangsters, I can deduct that the position there are now taking is “Long”, as they tell the public the market is crashing. If they are short term bearish, I want to be short term bullish… because they alway lie!
Remember, they are “the Fox” and we are “the Sheep”! They are trying to steal your money, so don’t believe anything they say… I certainly don’t.
Ok, that about enough for this weekend post. Sometimes I get long-winded and talk too much, so I’ll close for now and wish all you bulls and bears good luck next week.
Red
Rally Time?
Aug 25th
Video Update for Friday…
Red
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or just a relief bounce…
After selling off for 4 days straight, the market needed a breather, and that’s exactly what we got today. As for tomorrow, as long as the initial claims and continuing claims numbers meet or beat expectations, the market should go a little higher.
I’m not saying that it will for sure, but it’s likely to push up some as the 60 minute chart is in rally mode now. The 107 spy area is the likely target, where it will find resistance again from the larger falling channel. If it makes it back up there, then I expect that area to stop the rally and then continue the selling next week (and possibly Friday too?).
The GDP number on Friday could be a non-event, and then the market would just trade sideways to up a little. But, if it’s really bad, then we could see a huge sell off on Friday. There is no way to tell right now, but the trend is still down. We just have to wait out this relief rally for a few days.
So, if you are short, just be prepared for a small bear shakeout before another leg down occurs. There is still nothing bullish in these charts, but the market has come down pretty far and pretty quickly. So, a bounce is to be expected. It could last just for tomorrow, or a few more days? There is no way to tell just yet, but I don’t think it will last into next week.
Good luck to all the bulls and bears out there…
Red
Weekend Update – The Wave 3′s Are Coming!
Aug 22nd
Tuesday Update…
Sorry gang, I had a busy afternoon. Just a video update again, as I’m to tired to write up a new post. Plus, not much has changed, except we are one more day closer to the coming crash.
Red
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Monday Update…
We hit our target area of 1080 in the morning reversed hard off of it. That might be all we’re going to see? If you’re already short, I’d stay that way even if it rallies tomorrow or Wednesday. People are now talking about the Hindenburg Omen, and that it was confirmed on Friday.
We’ll, if I had to guess I’d say we are going to see it happen this coming Friday as panic sets in. We could open up tomorrow with a gap down very easily. Will it happen? I don’t know, but any rally is just a shorting opportunity now that we reached 1080 and technically fulfilled a wave 2 retracement back up.
We are in a period now where the best thing to do is to hold on to your shorts and not try to swing trade in and out of the market, as you might not get another good re-entry spot again. If we bounce any at all, the 1070 level is now going to be resistance, and would be another good shorting spot.
Ok, that’s about it for now. As I said in the video’s below, after we rally up for the wave 2 the rest is a down hill ride. We hit our target area today, so now it’s time to look out below…
Red
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Lookout below, an avalanche is coming!
Yes folks, the much anticipated Wave 3 of 3 of 3, etc… is here now. The next few weeks should see the market fall down to a low of Dow 8300, and it will probably end around the Legatus Pilgrimage meeting. It could bottom in the middle of it, but I’m leaning more toward the end of it… maybe even the end of September.
After the bottom is in (not the final bottom of course), a major wave 2 back up should happen and continue until the end of the year I believe. Why so long? Because I think the Illuminati members coming out of the Legatus meeting will implement another Stimulus package to rally the market.
This will be done as a political move by the Obama gangsters to try and win the democratic majority with the November elections coming up for the house and senate. Anna and I were discussing this and it makes a lot of sense from a political stand point. There is also the possibility that Obama will extend the Bush tax credits that are due to expire at the end of the year.
This should rally the market higher, as many long term investors won’t have too sell this year to keep from being taxed at a higher rate on long term capital gains. The republicans will be happy too, which would help Obama too.
Moving on the technical side of things…
The TA’s say that we are rising back up the 60 minute chart, and should continue to rise until Tuesday or Wednesday. At that point, I expect us to fall into a minute wave 3, of major wave 3 of primary wave 3… which is the bulls’ worst nightmare!
So gang, I’ve said just about everything I can think of in the video’s above. I think we will rally a small amount into Wednesday and then fall off cliff after that. Maybe 1080 area, or a little higher… but regardless of how high it makes it, Thursday and Friday should be heavy selling. Just look for the 60, 30, and 15 charts to peak out around late Tuesday or early Wednesday would be my guess.
Then hop on the inter-tube (or ski’s for the brave) and ride it down the snow slope from hell…
Red
P.S. I’ve been waiting for this wave 3 ever since I started this blog. It’s finally here and I don’t know how to act… it’s that ironic?
The Bears Win Today!
Aug 19th
Just a simple video update for Friday. I’ll have more on my weekend report by Sunday night. Enjoy the weekend everyone….
Red
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But don’t count the bulls out yet…
Well gang, I’m bummed out. I missed the call yesterday, as I really expected it to pop up to 111.17 first… and then sell off. I guess that will be the high for next Thursday or Friday now, as I certainly don’t see that happening tomorrow.
That’s the only problem with the FP’s… you never know when they are going to hit. But, at least some of you were able to make some profit on the move down. I know Jim said he was 40% short, and I’m sure many of the rest of you were also positioned short.
For me, I’m looking forward to the next turn date as I think it will make today’s move down look chump change. If it is a wave 3 down, then it’s going to be really ugly! That would mean that we are now going down into the Legatus Pilgrimage, instead of up.
So, coming out of the September 9th-20th meeting you can expect some type of new stimulus package to rally the market back up. How high is anyone’s guess. Let’s first see if we are indeed in Primary wave 3 down or not? With that DIA 118.16 print still not fulfilled, it is still possible that they run the market up into the end of the year and hit that level before ending P2.
Yes, it seems highly unlikely now, but anything is possible. Getting back to tomorrow, I’d say we have a quiet day ending flat or up at the close. Remember, tomorrow is opx day and they will likely pin the spy where it benefits them the most.
So, as long as the double bottom holds, I’d expect a move up into the afternoon session. I seen an afterhours print of 109.79 spy, but that could have been a late fill. It seems pretty unlikely that we rally that high after a move down like today, but again… anything is possible.
The 15 minute chart ended today forming a bear flag and with the histogram tower rolling over. I would expect it to sell off quickly in the morning, maybe down to retest the double bottom, and then roll back up throughout the rest of the day. The 60 minute chart will be rising up too, supporting the 15… so that should give the market a little lift into the afternoon. Add in light volume, no more economic data or news, and traders leaving early for the weekend… and you have a decent chance of closing positive tomorrow.
Next week will be something I’ll cover in the weekend report…
Red
