After watching the fake documentary called "Oil Storm" it's possible that we could have a Christmas Crash. While I don't think that's going to happen, the fact that they meant it in the movie is of concern. Remember, the movie aired 2 weeks prior to Hurricane Katrina hitting New Orleans. It was the gangsters way of telling us sheep what was going to happen before it happens. So, does that mean that the other things in the movie will happen too? I don't know, but it's worth noting...
(to watch on youtube: http://www.youtube.com/watch?v=VVDf_fN9S-c)
While many believe we are going to rollover soon with the top already being put in, I'm confident that we are still going up to the DIA FP of 118.16 before the crash will start. So for me, it just makes sense to wait patiently on the sidelines until to final top is hit.
(to watch on youtube: http://www.youtube.com/watch?v=B3c5X8BZ25Q)
Yes I know that the Hindenburg Omen has now been confirmed, but that only means that we are near a stock market crash, not that it will happen tomorrow... or that the final high is in. The gangsters have told us that they plan to take the market to the DIA print. If you don't believe in the gangsters exist or that they control the stock market... and must tell us sheep in advance of their evil plans, then you're probably new to this blog!
This site is for "Red Pill" takers who have woken up to the corruption that exists in the world and that is what I cover the most. I try to figure out how it relates to the movement in the stock market, which is never easy too do. And if I were more patient, and actually listened to what they are saying, I'd never lost any money this year.
But, as you all know by now... this blog is part "stock market forecasting", part "Illuminati exposing", part "Politics" and part "Alien and Religion explaining". It never easy to trade in a rigged game, and that's why I have to examine all the pieces to the puzzle.
If you simply want technical analysis, "The Chart Pattern Trader" is one of the best. For a historical view, including TA's too, I read "Cobra's" blog. He's got a lot of access to "what happened" in the past when a certain chart pattern occurs now. Both are great, but just like myself... No One is 100% accurate.
So, you must include a little bit of everything in your quest to survive in this controlled and manipulated game of cards. Of course if you are daytrading, then you don't need or care to know about what is planned to happen in the future. But most of us are short term swing traders, using options and 3x bull and bear ETF's... so we need to know the future badly.
Well, the future for the next few weeks should be obvious by now... NO Crash until the DIA print is hit. That means we will likely chop around little, with only small pullbacks in the market until the holidays are over with. So what about next week? Historically it's a bullish time of the year and month, but we are very overbought right now so I'm inclined to believe we'll pullback a little.
I've noticed that the week after option expiration is over is usually when the market sells off some. While I'm not expecting much of a sell off, I do expect some to happen next week. A retest of the 1235 bottom from December 16th, which is also the top on December 7th and 9th, is a likely target.
After that, I could see us going down to the 1220-1225 area for a retest of the November 8th high at 1227, and the December 8th low at 1219, but I'm really not expecting too much more then that. Yeah, we could (and should) go down to the 1200 level... even the 1173 level, but with it being Christmas and the market with extremely light volume (and POMO too), I seriously doubt if we'll see it go down that low.
We even have a Double POMO day on Tuesday, the 21st of December. Do you really think they will allow the market to really sell off? The POMO money is scheduled up until the 11th of January, 2011. That should tell you that the market isn't going to crash until at least that date.
Between now and the 11th, I could see a move down to the 1200 level for the small correction before a final up move toward the DIA print. Based on what the charts look like now, I think the SPX will be somewhere around 1280-1300 when the DIA hit's 118.16 (about 11,800 on the Dow).
So it's logical to assume that it will go up to that print in either an ABC pattern, or a 5 wave pattern. If it's an ABC, then I'd expect a little deeper pullback to the 1200 level, or possibly the 1173 level... with the following C wave up to occur with no significant pullbacks until the DIA print is reached.
If it happens in a 5 wave pattern, then we could expect 2 smaller pullbacks, with the first one happening next week... maybe down to the 1220 level at the lowest. This would be the wave 2 pullback, with wave 3 up to follow into early January. Then a sideways consolidation move for wave 4, and a final push up for wave 5... hitting our DIA FP target in possibly mid-January.
This is pure speculation on the wave count of course. But from all the evidence I've seen, read, and experienced in the past, I'm 100% confident that we are going to that FP before the market crashes. Watching Lindsey Williams state repeatedly that it is the gangsters "moral code" to inform us sheep what they plan to do... tells me that they won't deviate from their plan, no matter how much I expose the FP to those viewing my video's and reading my blog.
The plan to take the market to that level was already made back in March of this year when I got the print. It hasn't changed I believe, and won't change. It's still on schedule and once hit we'll be looking for the downside prints to start happening.
So basically I'm looking this move up to make extreme reading in the put/call ratio, bullish/bearish sentiment readings, and a new low for the VIX. It's already been planned a long time ago... but can you be patient enough to wait? I can't answer that of course, as I'm just as guilty as everyone else on "not being patient"... but I'm learning. 🙂
Trade lightly, and don't hold for more then a day or two would be my suggestion for now. Daytrading is the only way to play this game for now, as no big move are expected until the FP is hit. If you play options like me, then the chop action could leave you with little to no profit... even if the market goes in your direction.
Playing the 3x bull/bear etf's will also be frustrating as they are designed to slowly lose value. So in a chop market you can still lose money as the etf's will fall in their price level while the market stays the same. I'd only short them, and never go long on them. Of course borrowing shares to short them is sometimes difficult to do.
For all these reasons, I'll be on the sidelines until the DIA print is hit. Best of luck to everyone... bulls and bears alike.