Posts tagged stock market
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
A Very Bearlishess Day!
Aug 11th
The bears got feed well today, but will it continue?
And the answer is… “YES”, it will continue! Yippee! It’s great to be a bear right now, so I hope everyone was already positioned well for today’s sell off. For tomorrow I expect a “pause” day, even ending slightly up… but not much. After such a big down day, it’s normal to have the next day flat while the market disgusts the news.
But Friday… look out below! I don’t think any news can cause Friday to be some big rally day. No trader in his right mind is going to hold over the weekend. While they can fudge the Initial Claims and Continuing Claims tomorrow, some how I think the CPI and Core CPI data that is released on Friday will be another reason to sell.
Remember, we still have the 107.35 spy FP Anna caught about a week ago and the 107.12 spy FP that I caught about 2 weeks ago. So you can expect to see at least the 107.35 print before we have a wave 2 (or B) wave back up into next week.
So, will we hit that target in the morning tomorrow? Or will tomorrow open flat or slightly down and choppy around all day finally closing slightly up or even? Odds are that the day will close green… how much is another story? Lot’s of people went short, and they usually will try to squeeze a few of them out before the next leg down.
Now this is just based on the past, and it certain could gap down and go to the 107 area first, and then rally back the rest of the day. If so, I would suggest everyone close out your shorts and reload when the charts get overbought again.
Just don’t forget that next week is opx week and there should be some rally up early in the week to squeeze out the new shorts in the market. But, if it gets overbought by mid-week then we could sell off into opx. If that happens then it would be a wave 3 down, and it could be the start of the move toward Dow 8300? We could be there by the September 9th-20th date.
In that case, the Legatus meeting would be the bottom, just like the one was on February the 4th-6th… when the bottom hit on the 5th at 1044.50 spx. You remember that one? I certainly do! It’s too early to say for sure that we are going down into the meeting, instead of up… as it’s only been one day down now.
Let’s see how the next 2 days work out, and especially how next week plays out. I’ll just say that I expect tomorrow to give the bears another chance to reload short. Just wait for that 60 minute chart to reset itself, and get overbought again. It might not even put in but a few positive histograms… if any? It’s looking bad right now, but never under estimate the crookedness of the government to surprise the bears. Just be on the look out for clues… (aka FP’s)
Good luck tomorrow gang…
Red
One More Day UP…
Aug 10th
Is all I see…
Gang, I think tomorrow will go up and hit the 113.02 spy FP that Anna caught at 8-9am Tuesday morning. I see the same print in the afterhours session again. This confirms to me that we are going to hit that target tomorrow sometime. After that, I think we will sell off on Thursday and Friday… possibly hitting that other FP of 107.35 from a week or so back.
But, if we hit that target on Friday, get out of your shorts. The weekly is still pointing up, and next week is opx week. Both of those factors mean we will likely have a bullish week into opx Friday. You know how they like to squeeze the shorts during that period.
However, the week after opx could be the start of something beautiful… if you’re a bear of course
While it could chop sideways a little more and even be pushed out right up until the September 9th start of the Legatus meeting, it could still start to sell off some before it.
The charts will give us clues when we get there, but for tomorrow I expect a move up to 113.02 and then selling on Thursday and Friday. I’m keeping this post short as I’m tired and today was my birthday too. I’m 46, look like 36, and feel like 56… LOL
Red
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
Up Or Down Next?
Aug 3rd
WEDNESDAY UPDATE (for Thursday, August 5th, 2010)
Well,
I’m officially annoyed, are you?
Red
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I have NO Idea…
Sorry folks, but today end with a lot of mixed signals. The 60 minute chart is finally rolling over as the histogram bars are now at the zero mark and ready to cross down. But, the overall price level simply traded sideways to slightly down. That’s call a “Bull Flag” pattern, and could easily play out tomorrow morning.
However, when a pattern fails, it commonly makes a big move in the opposite direction… meaning down! We still have the FP prints of 107.12 spy and 107.35 from last week, but we don’t know when they are going to play out? If we start back down tomorrow, then we could easily hit that target by this Friday.
But, that daily chart is still rising right now, and the weekly is also pushing up higher too. While the daily is overbought, it’s still not showing any signs of turning back down yet. Some people have August 6th as a turn date, so we could chop around here until then.
I could easily see a move down into tomorrow morning, and then a rally back into the afternoon. With that 60 minute chart just now getting ready to go negative, I think it will only put in a small tower below zero and rise back up into tomorrow’s close. This would allow it to put in a smaller histogram tower above zero, forming a negative divergence on the chart.
That would set up Thursday as a possible big down day as the 60 rolls back down in the morning on the bad jobs data. By that time, the daily could also be rolling over a little too. But understand this, it is common to see a higher price level with a second lower high on the histogram tower of any chart. Meaning… while we could sell off early tomorrow morning, the afternoon rally could push us up toward that 1131 level (or more), as it squeezes all the shorts that just piled on.
Be cautious about going short right now, as no selling is likely to stick until the daily chart rolls over. That might not happen until this Friday… or even next week? With the weekly pushing up the daily, it’s hard to see any selling stick yet. We need the daily to start turning down first, and then I think the weekly will follow it.
So for tomorrow, if will sell off in the morning, look for the 60 minute chart to start to turn back up and then bail on your shorts. Usually all the action happens within the first 1-2 hours of the day, so that’s when I’d expect the selling pressure to lighten up a little.
A move down to fill the gap at 1105 spx would be my likely guess for a downside target. That would also hit the rising trendline that supporting this whole move up from the 1010 lower. If that line breaks, then the market should fall hard. But on the first hit of that trendline, I’d expect a bounce from it.
This all assumes the government doesn’t release some bogus news or data tomorrow morning to cause a gap up to fulfill the bull flag. From a technical point of view, it’s not really a good bull flag on the 60 or 15 minute charts. And on the daily chart, it needs another 2-3 days of sideways trading to be called a bull flag. So while it looks like a bull flag, I don’t think it actually meets all the proper qualifications.
Anyway, that’s about the best guessing I can do for you…
Red
P.S. Since the government has super computers telling them all the technicals in the market, releasing good job’s data (bogus numbers of course) would allow the technicals to play out to the upside. Basically, with the daily still pointing up, and the weekly too, whatever news they release will determine “When” they both roll back over. Good news means they will likely extend into overbought territory more. Bad news means they roll over at any point now.




