(to watch on youtube: http://www.youtube.com/watch?v=W3L8bCuIJek )
Another light is expected tomorrow, with a gap up possible. If so, then I expect the rest of the day the market will fall back down some (not pass the current support area of 1330), and end the day slightly higher. A doji (spinning top) pattern is likely on the daily chart.
(to watch on youtube: http://www.youtube.com/watch?v=HpozTyTgqjw)
Nothing like a little mud in my face (or foot in my mouth)! So, I'm going out on a limb again with this video, as I'm getting used too mud now!
Next week will be shorten by one day, as the market will be closed on Friday because it's a holiday. So, does this mean we'll be surprised by some staged event to tank the market? Hard too say, but if I knew for sure then it wouldn't be a surprise anymore!
(to watch on youtube: http://www.youtube.com/watch?v=lND54VM0ZUA)
Yes, the 19th is an important day for the Illuminati, as many events have happened on the 19th of the month in the past. But, I really don't think anything will happen this time. I'm leaning toward some light selling on Monday to reset the overbought conditions and allow for more upside the rest of the week. You must remember that the gangsters still control this market, and with the expected light volume next week I fully expect them to continue pushing it up.
Somehow I just know that the 138.86 SPY FP is real, and that we won't crash this stock market until it is hit. Just speculating here again, but the volume of 4,290 shares could be a signal to indicate that the print will be hit on 04-29-2011. Of course I haven't figured out the gangster's insider code, but maybe this print is just that simple? We all know that April is an extremely bullish month, and that we still have POMO propping up the market until June. Plus there is the old saying "Sell in May, and Go Away"... maybe it will still hold true this time?
It seems impossible that we could continue higher with the VIX making new lows, but I'm going to go out on a limb here and say that it will go lower before this market rolls over. Remember, this will be the greatest stock market crash in the history of the market... so you should expect new extremes to be made on various charts and technical indicators as well.
Here's an interesting video that explains how the gangsters can't stop the coming crash as they shot themselves in the foot when they attacked Japan with HAARP. In it, you'll see that when you destroy the 3rd largest economy in the world, the third quarter earnings are going to be so disappointing that a 5,000 point drop in the Dow will likely happen.
(to watch on youtube: http://www.youtube.com/watch?v=uMDRCwRtiNM )
Of course we could have something bad happen on Tuesday the 19th, and cause the market to crash, but I just don't think it will. I do believe the FP to be a real one, and any severe down move would prevent that level from being hit on April 29th (assuming that I'm getting the code correctly?). So, I'm simply thinking that Monday will be the day that resets the overbought conditions for another move up later in the week. Whether it closes negative or just a "spinning top" is unknown. I do expect it to sell off some on Monday, but they could push it back up into the close and end the day as a "pause day".
The rest of week will have likely have light volume and unfortunately I believe they will push it higher. We all know that this market is insanely manipulated and totally disconnected from reality, but those are the facts... and we can't change them! They have told us with the FP that they will take the market to that level at some point in the future. So, you just have to ask yourself... "will we crash first, and then rally back up to the FP?", or is it "more likely that we will go up first and then crash later?" I think the answer is obvious!
Once this market finally heads south, the high put in won't be revisited for a very long time. With this dwarf star Elenin (Nibiru or Planet X?) expected to pass between the earth and the sun late this year, (real or not), they will be some serious damage to the planet (real or staged by the Illuminati?). All this, with the looming forecast that Japan will eventually sink into the sea (creating a 1000 foot tidal wave to hit the west coast), tells me that this stock market isn't likely to continue much higher and will have likely put in an "all time high" this year.
The charts can be manipulated with all the POMO money, and that's exactly what the gangsters have done over the last 2 years. However, right now the daily and weekly charts can easily support a rally as they could be viewed as "oversold"... at least the daily is already. The weekly could continue down, or reverse back up for a little while. Sorry, as much as I'm very bearish on the economy (and reality), the charts are looking bullish... especially when you combine in the "manipulation factor".
They are still injecting POMO until June 30th. April is historically a bullish month. Light volume is expected next week, as Friday is a holiday and the markets will be closed. The daily chart is oversold. The weekly chart is neutral, and could go either way. The vix is looking like it's going to make new lows (as unbelievable as that is!). The news out there is extremely bad, and the market continues to ignore it. Am I missing anything?
It's truly sad to see so much B.S. going on right now with the market, but the facts are the facts... and we can't change it! I'm sorry, but I can't get bearish here for next week. While I'm sure they will likely surprise us all with some "event", I'm not looking for it until after the upside FP of 138.86 spy is hit. Until then I'm not seeing another big move down. Sure, there will be some down days (maybe... LOL), but they will likely be just to reset the overbought charts (followed by another push higher).
So, to put is simply... I'm not looking for a big sell off next week! I know everyone is expecting a rally up to just short of the current high to form a wave 2 up, followed by the wave 3 down... possibly to the 1290 area, but I just don't think they will allow it to happen. I think we'll rise up to the current high, trade sideways for awhile trying to pierce it, and after a few days we'll go past it to new highs around the 1388 spx (the spy FP level). I don't know if the market will stop there and reverse, or just pause there and go higher again. We do have POMO until June, so it's possible that we go higher, but I'm leaning toward that area to be the final top... mainly because May should be a bearish month.
Ok, that about sums it up for now. I just didn't have time to do another dark post this weekend. Maybe the next one...