Posts tagged Goldman Sachs
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?
Are The Bulls Running Out Of Stairs?
Jun 16th
I don’t know yet, but there’s an angry bear wait for him below….
This movement reminds me of the countless grind higher, from the February low. Day by day, the market grind-ed higher, without hardly even a blip of a correction down. We live in a world that has clearly changed tremendously since the March 2009 low.
Computer bots (Skynet) now control the market, and they follow strict rules. Upward and downward sloping trendlines are the key to understanding how they move. Overhead horizontal trendlines are easily broken now, as the light volume allows the bot’s to continue pushing up through them, day after day, with NO selling sticking.
These upward and downward sloping trendlines form rising and falling wedges. In a normal market, these rising wedges would break out to the downside, and the falling wedges would breakout to the upside. They would do this at fairly predictable times.
However, with Skynet running the show, the rising wedges don’t break to the downside when they come to the apex of the wedge… they gap up, to make the wedge even steeper! The rising wedge that is currently in play now, since the 1040 low, should have broken down several times by now.
But each time the market falls back and touches the trendline, the bot’s kick in and push it up more. All at the same time, the “insider’s” (aka… Goldman Sachs, JP Morgan, etc…) are all sitting on their hands, and not selling anything, until a certain level is reached.
Sure, they are selling small amounts into each move higher, but they haven’t started to dump their core holdings yet, as that won’t happen until they get the OK from “The Powers That Be” (TPTB). When is that? I have no clue. We should dump 40 points tomorrow, if there wasn’t any Skynet… but we might be lucky to get 10 points.
Unless of course… it’s time to press the panic button? But the longer they wait, more angry the bears will be…
Red
P.S. Don’t forget to take the time and cast your vote on the Polls I have listed on the blog. Thanks…
Weekend Update…
Jun 12th
Are all the bears dead now?
What a short squeeze that was on Thursday and Friday! If that didn’t clean out most of the bears, I don’t know what will! In fact, the guys over a Mr. TopStep stated… “Today is the largest gap up on any rollover in history.”
So what does that mean for next week? I see about an 69% chance of a gap down on Monday, and another down day on Tuesday to follow. If Monday gaps up, it should provide the remaining bears the best spot to go short at. That 1100 area has been hit 4 times in the last couple of weeks, and should still hold the market back on another hit.
The only way I see the market going through that level and holding it, is to consolidate there for several days, and then gap up above on the next day that has some great news to support it. Trying to go up in a rising wedge pattern, and break the resistance, (like what we have now), is extremely difficult.
The odds are very low of sustaining a gap up, while in a rising wedge pattern. There won’t be any shorts left to squeeze on a gap up, and the market will likely reverse back down hard. Falling wedges breakout to the upside, and rising wedges breakout to the downside about 69% of the time, according to Thomas Bulkowski’s pattern site.
Besides the rising wedge pattern, we also have a perfect looking “MA Pattern“, which is a very bearish pattern, with high odds of playing out to the downside.
Let’s not forget that we still haven’t put in a positive divergence on this chart found on Cobra’s blog. Cobra also posts the Institutional buying and selling chart, and the Fed’s Liquidity chart too. Also the Mutual Fund money flow chart. Cobra is a very good chartists… much better then I am, and he’s still bearish too.
As you can see from those chart, the big boys aren’t buying into this rally… they are selling. The Fed’s aren’t putting money into the market… they are withdrawing it. The mutual funds aren’t getting a huge inflow of new cash either, as you can clearly see by the chart, it’s as the lowest level in many years.
Did Friday look to you like a lot of buying was going on by the big boys? It didn’t too me. How about Thursdays’ ramp job? Did that look like the big boys buying, or just short covering?
How about this article showing that JP Morgan just sold the largest conduit deal in the CMBS market in nearly two years, for $716.3 Million. It’s a package that’s backed by 36 fixed-rate commercial mortgage loans secured by 96 properties. Hmmm, sounds a lot like selling Real Estate Investment Trusts (REIT’s) in 2007… just before they crashed down. I wonder if they took out insurance on them too, just like Goldman Sachs did with AIG? They probably are short commercial real estate right too.
Look at this chart, that shows what the next ticking bomb is… and when it’s likely to explode. (Commercial real estate isn’t shown in the chart, but it’s due to hit about mid-2010 to 2011… I couldn’t find that chart, sorry).
Then on Friday, Rip Van Trader caught a large trade of 3.5 Million shares being bought on TZA, the ultra short bear etf for the Russell Index. Either someone is very rich, and doesn’t mind losing a bunch of money, or they have some inside information that the market is going down over the next few weeks, not up.
Now, as for fake prints, I’ll direct you to this print, showing 2 prints at 1055 ES… which will also fill the gap up on Thursday. Notice how all the previous fake prints were hit within 1-2 days. Will this one be different? I think not. In fact, I think we will fill that gap on Monday or early Tuesday.
Here’s another strange print showing 100.72 on the SPY (about 1000 SPX), and it has not been hit in a long time… meaning that it will likely be tagged very soon. I think by Tuesday, but that’s just based on my thoughts that it’s going to take 2 days (Monday and Tuesday) to get the 60 minute charts extremely oversold.
Then a rally the rest of the week, to close out this triple witching option expiration week at a level that benefits the market makers the most. Where… I don’t know?
Red
P.S. If you want to see a bullish case too… go read all the other blogs on the Internet, as many are turning bullish now. I don’t disagree with them, as they all have valid reasons for supporting their stance. There are many charts that are turning back up now, especially the daily and weekly. But, I’ll let you decide which case makes the most sense too you.
Good luck to all the bulls and bears this week.
P.S.S. Really interest read about Astrology during the next two weeks (click here to read it).
Weekend Update…
Jun 6th
Was the oil disaster rigged?
It looks like Halliburton was making a power play for the oil, and didn’t care about what effects would come from blowing up the rig. Thanks Dick Chenney, George Bush, David Rockefeller and all the other thugs in the Bilderberger group and Illuminati Zionist pigs!
Your days are numbered and good will prevail over your evil plans to destroy the world and save only yourselves. Sorry, but it’s not going play out like you portrayed it in the movie “2012″. If fact, I believe it will be the end of centuries of lies and manipulation, that you have done to the people of the world.
A new age is coming, and secret technologies are going to be released to the people, rendering your control over humanity inapt. Good and positive changes are going to happen after 2012, not the destruction you want to happen, so you can create anarchy, violence, and chaos.
Moving on… (sorry, I got off subject a little, but these control freaks need to be publicly hung! … and why can’t I find this news being reported by the America press? I have to find it on Russian Television… I wonder why that is?)
Friday was just as I expected it too be… a sell off. Obama lied as usual, by stating that the jobs numbers was great… which rallied the market on Wednesday and Thursday. So who pulled his strings I wonder? Sounds like a typical politician… lie, lie, and lie again. It sure did trap a lot of bulls on that lie. What’s next? Will he say they stopped the oil from leaking, but really didn’t? I’m sure he would say that… if he thought he could get away with it.
Anyway, from a technical point of view, the market sold off because it hit strong overhead resistance from the 200ma, as well as the 20ma barreling down for above, to form a necktie. On top of the that, the market was bumping its’ head on the upper trendline from a strong falling channel that’s held the market since it peaked in April. Plus horizontal resistance around 1100 too… so there was a ton of technical reasons for the sell off, but the jobs report was the blame.
For Monday, I’m not sure what to expect, as we are very oversold on the 60 minute chart, but the daily, weekly and monthly are still not oversold. That leads me to believe there will be more selling next week. If the market stays in this falling channel, as I believe it will, then we could easily go down to 1000 spx or so.
My thoughts for Monday are that we gap down at the open, but quickly bounce back up throughout the rest of the day. It should take most of the day to work off the oversold conditions on the 60 minute chart. While the histogram bars are rising back up, the price could rise back up too, or just trade sideways until the chart is overbought again? Just because the chart is oversold, doesn’t mean the market will rise back up in price while the STO’s, MACD and Histogram indicators do.
It could, and should… but there isn’t any guarantee that it rise up with while it works off the oversold conditions. However, if it does rise up, then the 1080-1090 area is the likely bounce target. I do not see the market breaking outside the falling channel yet. Not when the daily chart has worked off its’ oversold conditions and just turned back down again.
So yes, this market is due a powerful rally, but until we put in a lower low, I just don’t see it happening. I believe a powerful rally will come after we have a capitulation day like February the 5th was. We haven’t had one yet. There are still a lot of bulls out there thinking that we are just trading sideways building a base to go higher. The bulls have too be forced into panicking… which I haven’t seen yet.
Back to Monday… if we gap down, then I expect it to reverse early in the morning an rally throughout the rest of the day to work off the oversold conditions on the 60 minute chart. If we gap up, I think it will be sold hard as there are retail bulls still trying to get out, and bears trying to get in. That’s why I don’t think we will gap up. It seems too easy, as it would allow the bulls an escape and the bears a great entry point.
Of course a flat open is possible too, which should lead to some early selling from panicked retail bulls, and then a rally the rest of the day… to again, work off the oversold condition on the 60 minute chart. The day could simply be a “pause” day, which means it could close flat making a doji. This all assumes that there isn’t anymore bad news released over the weekend. If so, then the selling could continue with very small bounces back up.
Personally, I would love to see it gap down in morning (at which point I would close my shorts), and then rally back to 1080-1090 area, so I could get short again. But, that seems to easy… which leads me to believe it might not happen? The only thing I’m feeling the strongest about, is that the market is highly likely to stay in the channel and put in another lower low by the end of the week. The target looks to be around 1000 spx, but that’s just guessing at where the lower trendline support will be at next week.
So, if Monday doesn’t just continuing selling all day, and actually give us a decent bounce, then Tuesday should be the next big move down. If last Friday was a smaller wave 1 down, and Monday gives us wave 2 up, then Tuesday would be a wave 3 down. But again, I’m not an Elliottwave expert. This is just speculation at this point.
There are other counts that have us breaking out the channel and going back up to 1140-1150 to put in a right shoulder. It could happen like that, but I don’t believe it will… until it first puts in a lower low. The downward pressure from the monthly and weekly charts is huge, and now that the daily has also turned back down, it tells me the market is still too weak to go make that right shoulder that everyone is looking for. Maybe after the lower low… or maybe never?
To recap… I’m expecting a doji Monday (assuming no more negative news), and large down day on Tuesday, and then a rally into the end of the week. To what level, I don’t know yet? It will depend on how far we sell off, as the rally back should be some type of Fibonacci level. We’ll cross that bridge when will get there…
Red
P.S. While the world is focused on the oil disaster, our evil enemy Goldman Sachs is once again laughing all the way too the bank. In part 2 of the video below, they talk about an email that a Goldman Sachs employee emailed to his girlfriend, telling her that the company was going to take a large short position against the Gulf Oil Rigs just one day before the disaster happened.
For those that forgot, Goldman Sachs also had large short positions on the mortgage packages they were selling during the 2007 mortgage bubble peak. And, they also took a large short position just days before 911 occurred too. They profit from being part of creating disasters that kill people. If that doesn’t make you anger, I don’t know what will? These people need to be tortured by the public at large, for crimes against humanity.
And finally, this professor mentions that some unknown person posted something on a website stating that a North Korean submarine was responsible for the disaster. But, he thinks it’s very unlikely to be true, as the creditability of the that story is weak. He focuses more on the fact that Halliburton people were on the rig just 20 hours prior to the explosion… leaning more toward their involvement.
Regardless of which story is true, if either is true? …the one thing that is obviously a fact — It was all planned ahead of time. How else could Goldman Sachs have known when to short them? Just like 911 was planned, and every war and major event this country has had in the last 100 years or more. Wake up people! Everything is planned, controlled, and staged to make a profit and control the brainwashed public.
If there is one video you should watch (later as it’s a long one), it’s this one by David Wilcox called “The 2012 Enigma”.
It will open your eye’s to a lot of things that “The Powers That Be” don’t want YOU to know! (P.S. It’s about something positive and wonderful for once… LOL)
Apple Fails To Rally The Market…
Apr 21st
After Apple blew out earnings estimates on Tuesday evening, you would have expect a big rally on Wednesday. But, it didn’t happen, as this time the Apple was rotten. Apple clearly is the leader in the Nasdaq, and carries more weight then all the other stocks in the tech sector. But even with it’s overnight jump of 15-20 points, the overall market didn’t rally up huge like you would have expected it too.
Most people would have expected a 100-150 point Dow move up, with Apples’ great news. Since Apple carries so much weight in the market, this is clearly not a good sign for the Bulls. Who is left to rally the market now, if Apple couldn’t do it?
I’m really seeing more and more signs that this market is going to fall very soon. I’m not going to stay that the “Top” is in, but the odds are much higher now. Light volume is about all that can save this market from falling. If they can keep the volume light tomorrow and Friday, then they could take out the current high with some fake jobs numbers. That is something that they can easily fake, as earnings on all the various companies is a little tougher to alter.
Looking at the 60 minute chart, it sure looks like it is ready to fall. But light volume rules as the PPT can easily push up the market when there aren’t any sellers to stop them. This Goldman Sachs issue is about the only thing I can think of that could cause some serious selling.
Many people and large institutions are currently trying to get out of Goldman, as they don’t want to take a chance on whatever outcome may happen from their fraud charges. This will put constant downward pressure on any rally attempts that Goldman has. However, I think someone is going to hit the panic button if the rest of the market starts selling off.
I don’t know if it will happen this week or not, but you can just feel the tension in the market, as the tape struggled up some, down some, up less, and down more… all day today. Just like animals can smell fear, I think the traders are now smelling fear. I don’t think it’s going to be too many more days before the panic starts.
They will wait for the jobs tomorrow, and Microsoft’s earnings after the bell Thursday. If that data does show some real improvement in the economy, I think the serious selling will start asap. We could have a Black Friday? I don’t know how good or bad earnings will be for Microsoft, but I can tell you that most people will say that “Vista Sucks”, and Windows 7 is just Vista part 2.
And since Apple is their biggest competitor, who just blew out earnings, what’s the odds Microsoft will blow them out bigger then Apple? Remember, Apple couldn’t rally the market today. How is Microsoft going to rally the market… without any new gadgets like the iPad? Is Windows 7 as big or bigger of a money maker then Apple’s iPad? I don’t think so.
That leaves it up to the Jobs numbers to be outstanding, causing another rally. Everywhere I read, more and more people are stating that they don’t believe the numbers to be accurate as the government lies so much now. Nobody believe anything they say or do now. So, if the numbers are too good… will the market believe it? NO, of course not. And if the numbers are bad? Just another reason to sell off and take some profits.
You put together the NO Win Situation with the release of the Jobs data tomorrow, along with the high odds that Microsoft fails to beat estimates enough to justify a continued rally, and throw in the Goldman Sachs issue… and I’d say the odds are very strong for a sell off to occur.
And since Technical Analysis doesn’t seem to work too accurately by itself anymore, I’m leaning more heavily toward the “overall” feel of the market, and what news events are coming out first… then see if it matches up with the TA’s. Right now, they do match up. The TA’s have been showing overbought now for quite awhile. We have just been waiting for the right news event to trigger it. Will it be the jobs data and Microsoft? I think it’s the bears best shot.
Red
