Technical Analysis Update for 08/05/2012

(to watch on youtube: http://www.youtube.com/watch?v=s2LgN3zv5pY)

Sorry Guys... just too busy to write a new post.

Red

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Red's Interview With "The Jeff And Mike Show"

The "Jeff And Mike Show"...

http://www.thejeffandmikeshow.com

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Technical Analysis Update for 07/23/2012

(to watch on youtube: http://www.youtube.com/watch?v=YE3gIQWsQ_Q)

Please note that although my downside target is around 1315 SPX, I also think we have too hit the Dollar FP of 86.47 before bottoming and bouncing.

Red

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Once Again, The Illuminati Cabal Is Spreading Their FEAR Into The Alternative Online Community With Threats Of Killing Thousands Of People During A False Flag Event During The 2012 Olympics...

(to watch on youtube: http://www.youtube.com/watch?v=IpTMXuh5DxQ)

Will this happen or is it just misdirection again?  I remember all the hype about planet X or Nibiru, and even got caught up in it myself.  But it never happened, which makes me wonder about this Olympics bombing news as well.  We all should know by now that the Illuminati Satanist pigs are always trying to trick us sheep and commonly spread "dis-information" to keep us away from the real news.

They did this with the "mass arrests" news stories that a new comer named Drake Bailey came forward with... which never happened on the dates and time periods forecast.  While I do believe that he has the best intentions and is a honorable person, he was wrong about it.  Why?  Because the Illuminati pigs love to find good people and feed them dis-information so that "trusted" source will mis-inform us "truth seekers" and "patriots".

So, are they doing the same with all this youtube coverage of the false flag planned for the 2012 Olympics?

I really don't know?  On one hand I'd say "yes" and nothing will happen... but on the other hand I have to wonder as we might be coming to a time period where the Illuminati can't hide their plans from us sheep and that they never meant for all the exposure of this coming event to make it on to youtube and every blog in the "alternative media" outlets.  Yes, they still have to honor their code that states that they must tell us sheep in advance what they plan to do to us... just like they did with 9/11 by putting out clues in the "Lone Gunmen" episode where a plane was hijacked and was going to crash into the twin towers, and the Simpsons episode with the comic book showing the price of $9 in front of the the twin towers.

But back then most sheep never seen either as a future prediction by the Illuminati Cabal as to their plans to attack the twin towers for real.  Now with all the exposure the Illuminati are getting on the internet it's very hard for them to put some planned event out in the main stream media without the masses of awake sheep seeing it and then spreading that news all over the place to wake the rest of the sheep.  This wasn't the plan by these Satanist pigs I'm sure.  They only put this stuff out there because it's their sick code of honor, not because they really want us to see it.

They would rather us "not see it" and then they can do whatever evil they want and always go back and claim that they told us in advance but we didn't listen... which is some sick way makes it "OK" for them as apparently they see this as a game in which they are playing fair by the rules as long as they tell us what their plans are before they do it.  If we don't listen then it's our fault... not theirs!  Sick game if you ask me!

But, we are dealing with psychopaths aren't we?

No sane person would worship some Reptilian Alien from another dimension that they call Satan.  One look and the Pope and the Queen is all it takes for me to believe in pure evil, as it's written all over their faces.  You don't really think that all the talk about young boys being raped by the Pope is false do you?  It goes deeper then just rape as those young boys that didn't escape to tell their story end up as food in ritual sacrifices where the Pope, the Queen (think Vampires... as in the movie "Queen of the Damned") eat these children after they first rape and torture them.

Yes, their really are monsters in this world.. they are the rich elite pigs!  To free the world from them you must continually exposure them... which is what I do (along with thousands of other bloggers, patriots, and truth seekers) while I try to piece together their plans in advance and use it to predict the future direction of the stock market.  Not an easy job I must say, but I keep trying.

Getting back to the Olympics and the plan by these Illuminati Satanist to kill thousands of people in a false flag event I'm going to stay a little worried that this "could" actually be real, and not just more mis-direction.  Why?  Not because of all the hundreds of video's on youtube piecing together all the ritual symbolism, but instead by what the elite scumbags actually stated on their own site.  I'm talking about the Rockefeller Foundation and their PDF document that states the following on page 34...

http://www.rockefellerfoundation.org/uploads/files/bba493f7-cc97-4da3-add6-3deb007cc719.pdf

Devastating shocks like September Southeast Asian tsunami of 2004, and 2010 Haiti earthquake had certainly the world for sudden disasters. But no was prepared for a world in which large-catastrophes would occur with such frequency. The years 2010 to 2020 were the “doom decade” for good reason: Olympic bombing, which killed 13,000, followed closely by an earthquake in killing 40,000, a tsunami that almost out Nicaragua, and the onset of the Famine, caused by  a once-in-a-millennium drought linked to climate change.

Add that to what Lindsey Williams "didn't say" in this video below during the last 5 minutes when a caller calls in and asks him about the Olympics and the possible false flag planned by the elite.  Lindsey says that he hasn't heard anything one way or the other from his sources but tells us to "stay out of large crowds".  This bothers me as if his sources aren't talking about a subject then it's most likely something they really are planning to do and don't want us sheep to know about it until it's over with.

(to watch on youtube: http://www.youtube.com/watch?v=J3dN9z064tA)

In the past I would have been all over this Olympics False Flag story and believing 100% that is was really going to happen.  But since we've had so many prior events (Nibiru, Mass Arrests... many of my own Stock Market Crash predicts) all come and pass with nothing coming true I have too now lean on the side of "dis-information" first and require much more evidence and facts before I go believing it.

I still support people like Ben Fulford, David Wilcock, Drake Bailey, Lindsey Williams, Alex Jones and many others... but you all have too realize by now that the Illuminati Cabal are likely mixing in truth and lies to feed to these good people in an attempt to give us sheep "hope" and to keep us distracted from what's really going on.  Going down the "rabbit hole" will turn you into a conspiracy nut and make you paranoid all the time.  You have to keep yourself focused and remember that the entrance to that hole is full of traps to keep you from going deeper where the truth really is.

The "truth" is going to be something that it hidden in plane site but so boring that the "Red Pill" sheep don't want to read because it isn't entertaining like these Hollywood stories of "doom and gloom" or of "rescue by some unknown group of good guys".  Many sheep fall by the wayside and are trapped by the pretty glowing objects in this entrance down this rabbit hole.

Those objects are exciting stories put out by the dark ones to keep you from going further down the hole.  They are the stories of "mass arrests" where the good guys win, and the bad guys lose.  This keeps us red pill taker sheep happy as we think we are winning and the Illuminati is losing.  The truth is that they are still fully in control of the world right now, and that definitely includes the stock market.

Will that come to an end and the good guys actually arrest the bad guys?

I think it will but only after the stock market crashes hard and exposes these criminals to the "Blue Pill" taker sheep.  They must wake up and demand justice or the bad guys will continue to enslave all of us sheep.  This "New World Order" will then fail as too many people will reject it.  But that can only happen if enough sheep wake up from their dream they've been living in.  Unfortunately that will require the greatest stock market crash in the history of the world!

But between now and then it's my job to try and forecast the next move in this casino we call a "stock market".  So while I'm worried about this Olympics "False Flag" event as actually being something that the Illuminati Cabal are actually planning on carrying out, I can only keep that in the back of my mind and see if it will line up with how I see things happening in the technical analysis of the charts.  So what do I see?  For next week I see a rally...

The charts are still very bearish on the monthly and weekly charts but the daily and all shorter term ones say the market will go up for awhile.  So while I was right on the call I made several weeks ago about the market rallying up to the resistance zone of 1370-1385 SPX to hit the falling trendline of resistance, I don't think I'll be right about that being the top of this rally up and some type of "Wave 3" down starting from there.

(to watch on youtube: http://www.youtube.com/watch?v=kxqE3RG_wqw)

Yes, we did hit that area (1374.81 spx was the high on 7/3/12) and did sell off from it... but we are now rallying up and I now think that they will put in yet another high that takes out that 1370-1385 zone of resistance.  This means the "Wave 3" down is likely delayed for a couple of weeks... which ironically puts the peak around the time the Olympics start this coming July 27th through August 12th).  So I'm looking for ritual days ("11" days) for a peak to happen on, and the 28th of July is the first one I see.  When you add up all the numbers in the date 07/28/2012 (0+7+2+8+2+0+1+2=22) you get "22"... or "eleven" as 22, 33, 44, etc... are all master numbers that are dividable by 11.  I think this will be the day the market peaks.

Now look at a daily chart of the SPX and draw a rising trendline starting at the closing price of 1332.42 on 5/29 (yes the 29th is another "eleven" day as 2+9=11), then connecting it to the 6/19 close of 1357.98, and finally the recent high of 1374.02 (closing price) on 7/3... which makes a line that points up toward the 1405-1420 area by the time we reach the end of the month.  Over the next 2 weeks that trendline will rise up into that zone and depending on where the market first hits it will be determined by how long it takes to get there.

If we have a really strong rally this coming week then we could hit it in the lower area of 1405 spx, but if it stalls out and chops sideways for several days next week and doesn't come close to it then it should make another attempt during the last week of this month for that trendline... which by then will have risen higher and be closer to the 1420 zone.  That will of course fool every last bear if it rises that high and every bull will think that the market is going to a new high.  This is typical thinking by the bulls as it's true that a third attempt at breaking through a resistance area usually pierces it... hence the old saying that there isn't any "triple tops" or "triple bottoms".

But that really only works when multiple attempts are made close together, not when they are so far apart like they will be if that zone is reached over the next 2 weeks.  I don't think it will be broken, but instead I think it will fall short of those two previous tops tricking the bulls that buy that move down (from the close attempt at those prior highs... maybe 1410?) who see it as just a dip before a final move up for a triple top.  It won't likely be "just a dip" but instead the start of the "Wave 3" down.

And the bears will be waiting to as they want to short from that triple top just like the bulls who want to exit their longs at that level.  Both will be wrong as the market comes just short enough to trick the bulls into staying in their longs (as they assume there will be one more push higher) and the bears don't get short because it hasn't come up high enough yet.  This is the zone of 1405-1415 SPX... which is where every trader will think that market is just close enough to make a new high and no bear will want to risk shorting at because it's so close to the two previous highs at 1422.38 on 04/02/2012 (a ritual "eleven" day as the numbers all add up to the master number of "22") and the 05/01/2012 high of 1415.32 (another "eleven" day as they again all add up to an "11")... which was of course right in the middle of the last Legatus meeting!

When will this market likely top you ask?  How about the next ritual "eleven" date of 07/28/2012?

So, are you getting the picture now?  I hope so as that's the date I'll be looking the closes at for a final top before a plunge into a "Wave 3" down.  By that date I fully expect the rising trendline to be in the zone of 1405-1415.  Now of course the market is closed on Saturday the 28th, which means the high should happen on Friday the 27th, or Monday the 30th.  If we see a "topping tail" candle close on the daily chart on Friday then I'd say we'll see a gap down on the following Monday.  If not, then we should open up that Monday and start down... which then the "topping tail" candle will happen on that date.

I did a little calculation with the levels and that rising trendline to forecast where it will be at in the next 2 weeks.  I took the 3 highs (closing price)  from those dates that the trendline where it connects and came up with a rise of about 1.6565 points per day.  So, if we go out another 10 days (until the 27th) and include the 7 days already pasted from the 7/3 high, we have 17 days in total.  Take 17 and times it by 1.6565 points per day and we get 1402.18 as a high on July 27th.  Here's how I figured this out...

1357.98-1332.48=25.56/15 days=1.7040 points
1374.02-1357.98=16.04/10 days=1.6040 points
1374.02-1332.48=41.54/25 days=1.6616 points

1.7040 + 1.6040 + 1.6616 = 4.9696/3 = 1.6565 points per day.

From the high on 7/3 of 1374.02 including the 7 days already past and add the coming 10 days you get 17 days.

Take 17 days times 1.6565 points per day and you get 28.1610 points.

Add 28.1610 point to 1374.02 and you get 1402.18 as the likely spot the trendline will be at on the 27th.

If you go one more day to Monday the trendline will be at 1403.8375 (1402.18+1.6565=1403.8375).

Therefore, if this all goes as planned we'll have a high in the market just around the time the Olympics start.  That then leaves the next ritual "eleven" date of 08/09/2012 (0+8+0+9+2+0+1+2=22) as the perfect time for the Illuminati to stage their "False Flag" bombing event (or fake Alien Invasion?) for the nasty "Wave 3 of 3" down to start.  This assumes that we start the first sub-wave down  (wave 1 down) of this larger "Wave 3" down on the first ritual "eleven" date of July 28th (the 27th or the 30th), and also finish the sub-wave 2 up... allowing for a sub-wave 3 and the larger wave 3 down to happen at the same time.

I don't see any other ritual dates in July other then the 28th... which unfortunately is on a Saturday when the market is closed.  But that doesn't stop the gangsters from releasing some damaging news on that Saturday to make sure Monday is ugly for the stock market.  There is the other possibly that the market makes it into the week of July 30th before starting down.  Why you ask?  Because there is a FOMC meeting scheduled for July 31st-August 1st (http://federalreserve.gov/whatsnext.htm).

This could mean that the ignore the ritual eleven date of July 28th and push this out until Bernanke speaks on August 1st.  What could he say that would start the selling?  How about a rate increase?  Yes we all know that it's only a matter of time before the Fed's will raise the interest rates but figuring out "when" is obviously something only Bernanke (and the insiders) know.  I'm just guessing of course... mainly because the charts will be lined up for a nasty wave 3 down to start.

So maybe the Illuminati want to tank the market hard in front of the November election to make Obama look bad so they can get their gangster puppet Mitt Romney into office?  Remember that Lindsey Williams was told by his sources that the elite aren't happy with Obama and that he might not get re-elected.  They seem to want their puppet thug Romney into office right now... but they need to do a lot of "bad-mouthing" Obama here pretty quickly to make the sheep vote for someone else.  Problem is... the sheep hate Romney too!

That will take an awful good "public relations" campaign to get that stooge elected.  Of course all elections are rigged anyway and it really doesn't matter if the public like Romney or not... if the Illuminati want him into office they will put him there.  Now I don't think that the "Big One" is going to happen during this time period between now and the election, but I do expect some serious selling to happen if they plan to get Obama out and Mitt in.

Moving forward to the "Big One"...

I don't think the final high is in (back on 4/2/2012), but instead I see QE3 coming into the market later this year at some point.  We also still have the 40% dollar devaluation coming at some date this year (according to Lindsey Williams' elite source).  It's possible that the coming Legatus meeting in October will be the period that they do the dollar devaluation... which means that the dollar will crash, not the stock market.  I only know that those meetings usually produce a "turn" in the market... which direction is unknown?  If the market is taking into that date (again... probably because they don't want Obama re-elected), then destroying the dollar right before the election will be blamed on the current president and the people will be extremely angry and want change (not that they will get it with Romney).

Anyway... you get the idea now.  That's just a little look at the future over the next few months.  Looking into next week I see this rally continuing with a like pullback (or chop sideways) once the falling trendline is hit around 1365-1370 SPX area.  This is the same falling trendline that the market hit back on 7/3 and connects to the 4/2 and 5/1 high.  It should stop the rally temporarily and let it fall back to the rising trendline around 1347 on Fridays' close (or possibly another lower trendline that will be around 1325 on Monday... but I really doubt if it hits that one).

So, I would exit all longs around the 1365-1370 area (which should hit by Wednesday) and go to cash for the pullback to 1350-1360 area (as it will be around 1360 by Wednesday because it's rising every day).  I could then see them back down to that area and close out the week on "option expiration" Friday between the 1350-1360 SPX are (about 135-136 SPY).  This makes the most sense as that's about the middle ground of "open interests" for the "puts" and "calls" that expire at the end of this coming week.

This then leaves the following week of July 23rd to July 27th as the next push up toward the 1405-1415 area.  I know that seems crazy but when you stop thinking like a bear or bull and just focus on what you see in the charts this is what it points to.  Just look at the low on 6/4 of 1266 to the high of 1363 on 6/19 (not closing price, but intraday price) and you see that it took 11 days to make that move and rallied 97 points in total.

I think that was a "A" wave up that then was followed by a "B" wave down to the intraday low of 1309 on 6/25... which means we are likely in a "C" wave up right now.  The technical analysis of the MACD's and Histogram bars on the Daily chart support a "C" wave up right now too, which is why I have labeled it that... not because I support or make forecasts based on Elliottwave.  We all know that there are many, many different counts when you use just that type of charting.  You must use a combination of different types of charting to put the whole picture together.

That's why I'm use technical analysis, elliottwave, time cycles, numerology, FOMC days, Legatus meetings, and of course the toss of a coin (LOL) to forecast the market direction.  Getting back to this "C" wave up, if you assume that wave "C" up should be at least as long as wave "A" up then you should add 97 points to the start of that wave "C" up at 1309... which puts the high at 1406 SPX!  Funny how that lines up with the rising trendline too...

Also note that it took 11 days to rally up from the 1266 low on 6/4 to the high of the "A" wave up of 1363 on 6/19 (not including 6/4, but including 6/19).  Now the low on last Thursday (7/12/2012) of 1325 to Friday the 27th is exactly 11 (again, not including 7/12 but including 7/27)... which is from what I can interpret just the last wave 3, 4, and 5 of this wave "C" up.  The first wave 1 up and 2 down inside this wave "C" up started at the low of 1309 on 6/25 and ended on the low of 1325 on 7/12.

Looking at the 6/25 low of 1309 and fast forwarding out to 7/27 you have 23 trading days... about double the 11 trading days it took for the "A" wave up from 1266 to the 1363 high on 6/19.  This makes sense as "C" waves are usually twice as long as "A" waves... either in "Time" or "Points", or "Both".  In this case I see it being in "time value", whereas the "points" value will like be about equal to the "A" wave.

So there you have it... the forecast for the coming weeks.  I hope this all helps you make better trades.  While I'm not here to tell you what to trade or when to trade as I've been wrong before and will be wrong again... that's just the nature of trading.  But hopefully having the bigger picture here will help you plan your trades better.  As always, be sure to read the comments daily as I post updates there several times a day... which is obviously needed because the market changes daily.

On a sidenote, here's a video worth re-watching if you haven't already seen it...

(to watch on youtube: http://www.youtube.com/watch?v=WsGak94OoN8)

It covers more about the Olympics possible false flag as well as some numerology too.  Also note that Rik Clay (the author in the video) was assassinated by the Illuminati Cabal, which makes this video even more credible.

Good luck as always...

Red

P.S.  If anything I say helps you in any way a small donation is always appreciated.  🙂

Author: Red