Tuesday, May 21, 2024

Weekend Update…

I'm going to go "off subject" here for a little awhile, as I'm been lucky enough to have received an email about a week ago that told me about a website called "Project Camelot".  I know this is going to blow your mind, as this subject is something that most people simply "Don't" want to talk about.

stargate

What is it?  It's everything about the human race as we know it... meaning the "Truth" about UFO's, Alien's, Religion, Suppressed Technology, Underground Cities on Mars, Bases on the Moon, Stargate's, Planet "X" (Nibiru), and yes... even the Year 2012!  Don't even waste your time watching the video's on the site unless you are "Open Minded".  I've watched video's from only 3 of the people listed on the site so far (there are 60-70), and plan to watch them all.  (Each video is an hour or more).

I know that I started this blog with the intent to write about the stock market, and I still will continue to do so.  However, being that I constantly like to broaden my education in every subject, I couldn't stop at only the stock market.  After all... that's just the way that all of us are trying to use to achieve the ultimate goal of "Financial Freedom".

It's not "Money" that I really want... it's "Freedom".  I want to be able to go where I want, do what I want, eat where I want, sleep where I want, see what I want, etc...  We should be living in a time period of total freedom, yet we are still all slaves to our master's.  They are the "secret group" of people who rule the planet.  They force us to work jobs in order to eat and survive.

The corruption that is going on in the banking sector is the way that they control us.  But, it's such a small piece of the puzzle of "the meaning of life" that it almost seems "non-important" to me now.  The stock market is only one of the thing that the "secret group" control.  The other things can only be explained by watching the video's on the Project Camelot website.

Now that you all think I'm crazy, and have lost my mind, I'll move on to the stock market.  The next couple weeks are going to be range bound as there aren't enough bears left to squeeze... therefore the market won't rally much higher, and the bulls aren't going to sell because of the taxes they would have to pay on the gains they made this year... hence we have a "stalemate".

They will wait until next year to sell, and any taxes will be delayed until the next taxable year.  The "Bulls" I'm mainly referring too are the big institutions.  The average Joe isn't in this market, and the few that still are... certainly aren't going to sell during the holiday's.  Those are long term people, and won't sell until the market crashes down.

They will do what they always do... sell at the bottom, and buy at the top.  That's way they are called the "dumb money".  The "smart money" is going to wait until next year to sell, and lock in gains.  So, as for next week, I'm expecting the light volume to continue... which will keep any sell off from happening.  Yes, we could go down a little, and then rally back in the last week of December.

If you are a trend trader, playing options, then I'd stay out the next few weeks.  Now, if you can day trade, then that's a different story.  I just don't see a solid direction next week.  Lot's of overhead resistance, and a lack of bears to squeeze, should prevent and rally past the current highs.  And, light volume will prevent any real sell off.  We are still stuck in the Twilight Zone, and will probably stay there until this year is over.

However, next year is going to bring the start of a sell off that I believe will take us down to 3000-4000 Dow by 2012.  There... I said!  I made a bold predict, and put myself out there.  Call me really crazy now, (but I'm not).

I know this is not my usual weekend update, and I apologize for that... but I never stated that this blog is "only" for stock market related news.  In fact, I've said several times that it's just a place for me to post my thoughts... nothing more, nothing less.

Enjoy your life folks, and enjoy the holidays...

Red

Red
Author: Red

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JoeMarc
JoeMarc
14 years ago

keep up the posts on the topics you wish to discuss but please if you can continue the stock section as well. I enjoy your blog and have a great vacation.

Take care
Joe

Red Dragon Leo
14 years ago
Reply to  JoeMarc

My main focus is on the stock market, but I've been distracted a little this weekend. It's good timing, as the stock market still seems stuck in no man's land. I don't see anything meaningful happening until next year.

JoeMarc
JoeMarc
14 years ago

keep up the posts on the topics you wish to discuss but please if you can continue the stock section as well. I enjoy your blog and have a great vacation.

Take care
Joe

Red Dragon Leo
14 years ago

My main focus is on the stock market, but I've been distracted a little this weekend. It's good timing, as the stock market still seems stuck in no man's land. I don't see anything meaningful happening until next year.

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