Posts tagged legatus
Weekend Update…
Aug 8th
Monday update (for Tuesday)…
Nothing really has changed today, so I see no reason to make a new post. The market is just waiting on the Fed’s meeting at 2:30 pm est tomorrow. After that, we should see some volatility in the market. Which way is anyone’s guess at this point. I’d be afraid to go short with such light volume, and I’d be more afraid to go long because the market is in a topping process right now.
I certainly don’t know how much further we have to go up, but until it shows a clearer picture, staying out of it is much safer. As you can clearly see, the daily chart is still going up, and so is the weekly. Until at least the daily starts to roll over, I just can’t see any selling sticking.
Even if you miss the first wave down, getting short on the wave 2 retracement top is a better spot to be at anyway. So, be patience bears… and let the smoke clear after the Fed meeting. Sometimes the first move is a fake one. Not always of course, but a quick move down after the meeting could be bought back up by the dip buyers. It might be best to wait a little awhile before making a move.
Either way, a big move is coming soon… down or up is still unknown. I still feel that we will go down to that 107.35 FP sometime this week, but I also think we won’t start a serious sell off until early September.
Red
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Back to business as usual…
Yes, it seems that some things change and others stay the same. The market is the one that stays the same, while the overall economy changes from bad to worst. No matter how bad the unemployment is… it’s just ignored. There’s just no worry in the market place, as it’s totally disconnected from the real world. So, the rally will likely continue.
But don’t worry bears, your day will come… and soon. First however, I think we will head on down to the 107.35 spy FP sometime next week. Will it be after the Fed meeting on Tuesday? Who knows? If the market rallies up into the meeting, then I’d say yes… but if it falls into the meeting, then we would expect a rally out of it.
While I still don’t know if we are going up to DIA 118.16 into the Legatus pilgrimage in September, or down to the DOW 8300 print… the meeting will be a turning period. I have to say that I’m bearish next week, as I’m still looking for 107.35 spy to be hit, but after that… I’ll have too re-evaluate.
The weekly chart really should put a few positive histogram bars in, before it rolls over again. Of course it doesn’t have too, but my feelings are that it will… and that’s mainly because of the timing of the issue. The pilgrimage is just a month away now, and that’s just enough time to put in a few positive weeks.
Because the market has rolled over on the month chart now, I don’t think they will have the money available to take it back up if they go down to the 8300 dow print first. Once this market finally starts to head down that low, I don’t think we will see the April high again for quite some time.
I have many down side prints, and even without them… the stimulus money has run out. Even if they throw more money at the market, it’s not going to have the same effect as it did in March of 2009. The most we could expect is a wave 2 back up to put in a lower high… not a new bull market.
Plus, look at this from a political point of view. Hold the market up until September, as that’s only one month away from the November elections. Lot’s of campaigning will be all over the news, as both sides run ad’s 24/7… which means that a market that is selling off hard won’t get as much air time as it normally would.
The ol’ “look here at my right hand, while I’m robbing you with my left” distraction. The public won’t pay too much attention as the market sells off. The media will say it’s just an overdue correction. Spin, spin, spin… you know the game by now.
So that you all don’t fall for the bear trap next week, remember the election is right around the corner. I think most people have us pulling back to the 1090 area, and then rallying higher. But, I believe the 1070 area will be hit… mainly because they told us it will. DUH!
Besides that, the 1090 area is too obvious. It would only allow the bulls a better spot to go long. Not many bears would go short at that level, as it’s not a major break of the horizontal support line coming in there. But, if you break that support, then the bears will jump on and the bulls will sell out.
Of course once the 107.35 spy print is hit, I expect it to reverse back up and squeeze the bears out… which should also give it enough fuel to take out the 1130 area and probably the 1150 area too. Let’s also not forget that we are 2 weeks away from August option expiration.
If you go down next week, get a bunch of bears short, then you know they will rally into the follow opx week… making all the “puts” expire worthless. Same game, different month. As much as we’d like to believe that the market isn’t manipulated, anyone reading this blog long enough knows that I’ve given you plenty of proof that it “IS” 100% controlled.
While they still follow what the charts say, whenever they are at the end of an up or down move… they can always stretch it out a little bit longer then you might expect. That’s how they stay rich… by tricking you out of your hard earned dollars.
Every move is planned out months and years in advance folks. That’s what the Legatus Pilgrimage’s and Bilderberg meetings are about. It’s up to us to figure it out of course, but never forget to expect the unexpected… in this case, a hard rally back up, after a sell off to the 1070 area.
That would trick a lot of bulls and bears I do believe. I’m still 70-80% bears for next week, as I was for this past Friday too. But after the FP of 107.35 (or 107.12?) is hit, I’ll probably be leaning bullish at that time. Unless some other clues come up that change my outlook, I’m expecting the 1130 area to be taken out with a run higher to take out the next major resistance at 1150 spx.
How high, I don’t know? But it’s going to be more about the time factor then the actual price level. I expect the top to be put in right before or during the pilgrimage (which again is… September 9th-20th). Then I’ll start looking for the move down to DOW 8300 to happen.
Ok, for Monday I see us going up and possibly hitting the 1131 level ahead of the Fed meeting on Tuesday. But at some point during the week we should see a move down to the 1070 area. Probably after the meeting, but that’s just guessing. Either way, a move down like that would give the bears a nice dinner to eat. Just don’t drop the fish in your mouth when you look at your reflection in the water, thinking there is a bigger fish just below you.
Good luck everyone.
Red
Weekend Update…
Jul 25th
Monday Update…
No reason to another long post, as nothing much changed today. As I said in the video’s, we are either going up to 112.41 spy or down to 107.12 spy. It looks like we are going up first. Once 112.41 is hit, I expect it to pull back from there and head down some into the rest of the week.
We could choppy around that area for awhile, as I’m not expect it to just fall off a cliff… back down to 107.12, as that might takes some time. It might not happen at all, as I’m not exactly sure on the accuracy of that print? But regardless of the downside target, the upside one should be hit very soon now… as we are within spitting distance of it.
Red
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The bulls are back in town!
Yes my dear reader, it looks like the low is in for awhile, as the bulls are back, and they mean business. Last week I got trick by seeing what I wanted to see… the bearish side. I was bearish again after the previous Fridays’ huge drop on opx week. Then another small sell off on Wednesday of this week, as Bernanke spooked the market.
It was looking like the bulls were done as they hit the the top trendline of the falling channel since the April highs, and failed again at it. But on Thursday, the PPT came to the rescue and rallied the market hard on horrible economy data and various earnings reports.
The 1060 level held strong as thousands more lose their jobs and can’t find work. So instead of gapping down on Thursday morning, we gapped up and never looked back. Go Bulls, you crack head sons of b’s…. Manipulation at it’s finest! Clear and simple! There was absolutely NO reason to go up, and a thousand reason to tank, but the operators do what they do best… steal the little guys money!
It’s funny how the previous week I was bullish, and then fell into my own trap on the big sell off days that happened. It played out exactly as I stated it would during the previous weeks’ video’s. But this week I was dead wrong on my bearish view. I should have given that weekly chart more attention, as it was clearly telling me that the trend is UP now.
I ignored it this weekend, and only focused on the daily, 60 and 15 minute charts… which was a clear mistake, as the weekly keep supporting all those charts, by not allowing them to roll over as I thought they would. So in the end, even though this Thursday was pure manipulation by the PPT, the weekly chart did support a move up for this week… just not a 300 point, shove it down your throat and make you choke on your shorts kind of move.
However, we must always remember that the market is designed to fool you and steal your money. It’s just a big casino created by the crooks, to rob the little guy. How else can they keep the world in slavery, but to lie, steal, cheat, arrest, murder, belittle, frame, assassinate, embarrass, etc… you get the picture.
But one day we’ll all be gone to that happy place in the sky they call heaven… where we can play funner games like sword fighting with Angels (and Demons too I guess?). Ahhhh… what fun that will be. Let’s just hope they have some other type of gambling there… maybe Bingo or something? LOL
Moving on now…
Next week should be interesting as we still have the FP of 112.41 spy (about 1120 spx) which hasn’t been filled yet. Then I seen one on Thursday of this week, showing 107.12 spy… meaning that we will probably go up to the 112.41 print first, and then back down to 107.12 to fill the gap made on Thursday morning of this week.
Will it play out like that? Who knows, but it seems logical for that to happen. That doesn’t mean we can’t go down to 107.12 first and then squeeze on up to 112.41 by the August opx… which is entirely possible. We all know how they like to run the market high during opx week, so they don’t have too pay out on all the shorts in the market.
So, if we fall first, then the buy area should be that gap fill area of 107.12, and then the opx high should then be the 112.41 print. The weekly chart is pushing up hard now, so we could be going up for several months now, as I stated in my video’s from the previous weeks (of course I ignored all that this week… duh).
If that’s the case, then the final high should be the DIA 118.16 print… which could be hit in late September, just after the crooks cash there bribery, robbery, payoff, etc… checks through the Vatican banks (the only banks in the world that don’t report anything to anyone).
This is during the September 9th-20th annual Pilgrimage of the Legatus Group. During these events, the thugs that rule the world make decisions on where they plan to take the market next. The last Pilgrimage was held earlier this year February the 4th-6th… which marked the bottom of a sell off.
What followed was a bear whipping that lasted 3 months. They must have turned on the money tree after that meeting, at rallied like the sell off never happened. Of course that event was planned many months in advance, and the bottom was told to everyone with the FP I got back in January, showing 1047 on the spx, when it really closed around 1140 something that day.
That was my first experience with a FP, and when it hit that 1044.50 intraday low on February the 5th, and had a massive reverse (that didn’t stop until the April high), I got burnt and lost a bunch of money on that move. I learned then that the market was 100% controlled, and manipulated to take everyones’ money.
Now I pay very close attention to those FP’s, and important meetings by the crooks that run the world. The Illuminati have a public face, and that’s when they get together in the Bilderberg group and have meetings. Policy changes are done there, and decisions are made as to where to take the market next.
The private face of the Illuminati is through the Legatus group, where they poses a good church going people, all getting together to celebrate God… it’s all B.S.! The group is nothing but a place for all the crooks to get together and funnel all the money tell stole through the Vatican, the most corrupt and evil organization on earth.
These are the people that are using “The Book of Dead” to bring forth demons from other dimensions and other times. Most people (that study that stuff, I don’t… but keep my ears open a little), say that these demons are Reptilian Aliens that are in the lower levels of Vatican City.
Well, I don’t know about that… but I do know that when the Illuminati get together, either through their more pubic face in the Bilderberg Group, or their less know private face in the Legatus group… the market changes direction! So, should we continue up until the fall event is over, you can look for a nice crash following it.
However, we have that Yahoo FP of Dow 8300 from a week or two ago (which could be but up to trick the masses, as I’ll gotten some feathers ruffled from postings all these FP’s lately… meaning that it’s Fake FP, put up to deceive us).
And currently, the charts don’t support a move down to that area now, as the weekly is pushing up the market pretty hard now. But, should we take out the 1010 spx low next week, (not likely), or next month, then I’d say we will go to 8300.
The timing of these FP’s are always unknown. We only know that once we are headed in that direction, and get close to that target, look for a reversal when it’s hit. So, for next week I believe we will go down and hit the 107.12 print first and then rally back to 112.41 by August opx.
I’m just guessing of course, as forecasting this market is like trying to pick winning lottery tickets sometimes. But, the weekly chart says we go up for the next few months. However, the daily is overbought and should roll over next week… which is the reason I think we go down first and back up into opx week… which is traditionally bullish anyway.
Hope that helps give you a longer term view, as the short term is pretty clouded right now. Some choppy waters lay ahead I believe.
Good luck to all you bears, and bulls too of course (as we all have to be fed straw from our masters from time to time. After all, it’s better then starving like the bears do).
Red
