Looks Like The Top Is Likely In Now And On Another Eleven Day...
(to watch on youtube: http://www.youtube.com/watch?v=knzBsNid0vI)
You've heard that one before I'm sure... right?
(sidenote: I removed the previous video as I may have said too much. You will still be emailed before a big move happens though, which should be later now and not on Tuesday)
What I'm talking about isn't shorting the S&P500 or going long it, but instead getting shares in a penny stock company that is going to start it's rise next week. Today it's probably at the lowest point it will ever be at, and from here on out I expect to see it rise in share price to levels that are going to make you feel like you bought shares of Microsoft back in the early 80's! Yes, it's that BIG!
While I stated in a previous post that I'll be giving you some penny stocks to make money on by getting shares in them before a marketing campaign starts to promote them (which should cause most of them to double your money on), the time isn't right yet for that to start. I'm still working with my source on this and plan to have some steady (and accurate) picks early next year after the holiday's are over with. So while this company I'm talking about now is currently a penny stock, (and one that I expect will double here very soon) it's not the same kind of company that I'll be giving you picks on in the near future.
This company is one that you can retire on by just buying all you can and stuffing it under your mattress for a few years. In fact I expect a huge move up on them once one of the 3 projects they start working on in April/May of 2013 produces the expected results... which should happen well before the end of that year. Once that "event" happens it will get a lot of news coverage and the share price should look something like a hockey stick move up!
But on the short term my source just told me late Sunday night (12/02/2012) that he expects a move up to start this coming Tuesday. So basically, you only have one day to get some shares in this company at this low price. That date is Monday, December the 3rd. After that we could easily see a run up to double the share price within a few days from the good news I've just been told. Now I know this isn't my usual type of post but I'm trying to help everyone out by giving them something that actually will make them a bunch of money for once, instead of the usual doom and gloom story.
You could cash out in a few days when it rockets up from the news, or hold it for a longer period for more huge gains. Of course it will have it's up's and down's over the coming years but I kid you not... this company has the ability to have a share price like Microsoft, Apple or Google over the coming years. And yes, this stock will still rise even when and if the stock market crashes in 2013. In fact, this type of company usually does better when the overall market is selling off. You might say that's it's recession proof, and soars when the rest of the market tanks.
I'm only going to give you the complete details and the name of the company (with the stock symbol of course) through email as I want to help out those loyal followers of my site first. You will have one day only to buy shares at the current level. Then Tuesday I'm expecting the news to be leaked out (can't tell you the news) which will cause a bunch of new buyers to flock in and cause the price to go up. If you miss this run up don't worry as I fully expect this company to continue rising all of next year too.
I will put out an email Monday with all the details on the stock with the symbol as well. If you are not on my email list you will miss out on an easy profit. Just join the list on the right sidebar here on my site and you will get the message.
______________________
Moving on to the stock market...
I see a few more days of up movement before this pig rolls over. As crazy as this sounds they could actually take it up to the 1435 area on the ES and the 1440 area on the SPX. I'm looking at the best case scenario here for the bulls as my gut thinks it will fall a little short and only hit around 1430 on the ES, or around 1434 on the SPX. Since Monday's are typically slow days as traders drag themselves back to work I'm thinking that it will be a small up day with Tuesday being the large up day. (could have that backwards too, but the result is the same... up).
By Wednesday I think the market will top out with a "topping tail" candle that touches that 1430-1435 range on the ES and/or SPX. Always remember that "they" are masters at tricking us sheep and will do what we least expect them to do. So, while the downward sloping trendline on the SPX is coming in around 1443-1444 and 1436 on the ES, they might not go up that high? We all know that there will of course be lots of bears waiting there to get short. You will also notice that there is a nice triple top area around 1430 on the ES and 1435 on the SPX, which is another logical place for the bears to be waiting to get short.
So, you'll have 2 levels of bears waiting to get short at. One from the triple top and the other from the slightly higher "downward sloping" trendline. Which one will they stop at? Tough question there really. With that in mind I'd come just a hair under both of those levels if I were SkyNet and not allow those bears to get filled on those shorts. I'd make them chase it down as I panicked the bulls out of their longs. This would imply a move that is kept under 1425 ES and about 1427 SPX.
Too me that levels seems to close and could easily be hit Monday morning at the open. If that is all she has then we could rollover after that and continue down all week long. Monday is another ritual "eleven" day and they do tend to put in important tops on those days (not always of course). This is going to be more about where the charts are on Monday to see if they can push it up further or not. I'd like to see one more push up to that 1435 area on the ES to tag that downward sloping trendline but I'm not sure if we are going to get it or not? It won't come on Monday of course, but could easily be hit by Wednesday morning. (well, I don't think it will be hit on Monday... but crazier things have happened?).
Looking at the Fed Schedule for money being injected into the dying bull (http://www.newyorkfed.org/markets/tot_operation_schedule.html) I see that Tuesday has a nice shot at $4.25-$5.25 Billion, which could give the market a nice solid white candle day up that should then allow a topping tail candle on Wednesday to end the move up and allow the sell off to start. Then one more nice pump on Thursday the 6th followed by nothing big again until the next Thursday the 13th. Now if you remember it's common to see a bottom in the market on the Thursday or Friday the week prior to option expiration. That Thursday the 13th and Friday the 14th are those days should be a bottom before a rally into the December 21st option expiration date.
So, my line of thinking is to short on Wednesday if there is a pop to either a triple top or the falling trendline. Then exit on Thursday morning for the fakeout rally back up from the money injection from the Fed's, followed by shorting by the close again into Friday. Then continue to short all of the following week into Thursday the 13th or Friday the 14th for the bottom of the move. Sounds like a great plan right? Of course it's never really that simple but it sure looks good on paper... LOL!
Well, I'll keep this post short this time as there is money here to be made... so I"m going to focus on just that this time around.
Good luck as always and be sure to continue reading the comments for updates.
Red
P.S. The form to get on my email list is at the bottom right...
Please don’t tell me SYNC….LOL
Not even close… 🙂
Looks like a pullback before another run higher. I’m still thinking that we see our high around 1430-1435 by Wednesday, or Thursday at the latest. They simply won’t let this pig go down yet.
This selling is likely to continue into tomorrow morning at least. But I do expect it to bottom soon and turn back up into Wednesday/Thursday.
When I expect this email for this penny stock Red?
Thanks
Later tonight most likely. You will still have time to get in as it’s probably going to be a day or so later then I expected. Hang tight… you’ll get in before it moves big.
I have to admit that this person does have a point…
http://www.youtube.com/watch?v=NUoP3VTNipQ&feature=player_embedded
From the looks of the charts I’d say we have one more day of this sideways chop before a decent move up to the 1330-1335 area. That also lines up with the Fed’s having more money to pump in the market on Wednesday from the “Tentative Outright Treasury Operation”, or TOTO, (as in the Wizard of Oz… LOL!)
The plan for tomorrow morning:
Scenario A: If they gap down in the morning (unless it’s huge of course) the short term bottom will likely be in and a continued move up toward 1335-1340 area should follow (the gap down should make the short term charts oversold enough to turn them back up and rally).
Scenario B: If they gap it up in the morning then the top is likely in today as it will be a “bull trap”. The short term charts aren’t oversold and if you gap up you will allow the momentum of the downward pressure to force them back down into a C wave (or wave 3). A gap down will relieve most of that selling pressure and allow for the rally as described in Scenario A.
Scenario C: If they open flat then it’s hard to say which direction the market will go. We’ll have to see how the futures look on the various short term charts at the open to make a decision on the direction.
Right now support is holding and Scenario A seems the most likely but I’d gladly short any decent gap up tomorrow morning as the odds of it rolling over into a C wave down or 3 wave would be high. A gap down and I might just sit on the sidelines to watch for a bottom.
The last thing I’d want to do is try to catch a falling knife as you just don’t really know how deep “oversold” can go on these short term charts. Remember, the daily chart could roll back over any day now. It’s being rallying hard from oversold conditions the last 2 weeks and could be ready for a breather.
While it’s not technically overbought yet either it’s not likely to go up too much farther. The MACD’s are at +5 now and +10 doesn’t seem like a reachable target with the downward pressure from the weekly and monthly charts still on the daily. That should keep it from reaching +10 in my opinion.
The Histogram bars are getting shorter but no negative divergence has been made just yet. That’s another reason I think we could get up to that 1330-1335 range before rolling over. If so, then we should see negative divergence setup on the daily chart which will allow it to final resume the downtrend.
Maybe we continue down until Wednesday when the Fed’s has $4.25-$5.25 Billion more to pump up the market? That could be our bounce spot and then back down the rest of the week?
Just one down day doesn’t seem likely too me. Possibly we get a small gap up tomorrow morning (or a flat open with a small rally) and then we go back down later in the day to close near the bottom again.
Then Wednesday could be the larger pop up (from the money injected into the market of course) and then peak on Thursday morning followed by more selling into Friday.
Refresh page for new video:
Looks Like The Top Is Likely In Now And On Another Eleven Day…
Hey Red….just want to say thanks!
S&P low today was 1408.46 cash…..looking for yes a pop then…..hmmmmm
Me too Jim… looking for that small pop in the morning and then……… Timber!
Hey Red.
Try not to over-think things though, sometimes..we simply go down 😉
—
futures are sp -4pts, need a break <1403 (-6), so..we're within range of an overnight snap.
first target is 1385 – the low from last Wednesday. That might hold on first test..with abounce to 1395/1400..and then down we go again.
I refer you to a chart of winter 2007/8, Santa sure never arrived that Christmas.
Good wishes for rest of the week.
Resident Evil? http://seeker401.wordpress.com/2012/11/30/whats-going-on-in-ozark/
S&P 500 Analysis after close: http://niftychartsandpatterns.blogspot.in/2012/12/s-500-reacting-from-golden-ratio.html
QQQ Support and resistance levels: http://niftychartsandpatterns.blogspot.in/2012/12/qqq-support-and-resistance-levels.html
Hmmm… flat open looks like. That stinks as we don’t really know which direction they will take it today? But, I think it’s still likely that the high put in yesterday was all we’re going to see on the upside for awhile.
So, if we should be looking for bounces to short in my opinion. The short term charts on the ES futures aren’t much help in figuring out the direction at the open. But the whole day still looks like another down day to me.
Therefore, I’ll just be looking for a spot to get short at. We might not get very much of a bounce though, so “picken’s” look slim… if you know what I mean. The overnight low was 141.04 SPY and 1402.23 ES.
Since the charts are mixed we might just drop a little in the morning and then rally back a little throughout the day and have the selloff into the close (or close with a doji and drop at the open Wednesday?).
So don’t jump in too early as they aren’t likely at the point where we just drop every day for multiple days in a row. Early in the sell off they usually whipsaw us bears out our positions before they drop hard. A 50% retracement is possible before moving down again.
There is a “possible?” FP on the SPY of 142.53 from 4:23 pm but I don’t trust the prints after the close as they are usually just late fills. But, I thought I’d mention it just in case we do start a rally today.
Red,
Like your blog…think if we hit 1385, we go back over the high of Monday…or do you think the high Monday is the top for quite a while. Also, just found your blog and signed up on email…and was hoping to receive the penny stock.
Thanks
I’ll be getting a new pick out on the “Penny Stock” sometime today. As for the SPX, it’s looking more and more like we have tested the bottom (for this current sell off from yesterday) and should rally tomorrow.
There is $4.25-$5.25 Billion coming into the market Wednesday and Thursday, so more selling is going to be tough for the bears. I’m thinking now that they really do plan on continuing up to that insane 1430-1435 zone before rolling over.
It’s a constant game of “how to steal the most money from the sheep” for them and I’d rally from here if I were a wolve like them. It just makes the most sense now as they’ve trapped some early bears here and should have the fuel to march higher from the money tomorrow and Thursday, as well as the stops they’ll take out on the way up from those bears.
That doesn’t mean I would go long yet… it only means that I don’t think we’re going to get a lot of big selling.
We hit the 141.09 FP on the SPY from 8:05 this morning…..
SILVER Analysis: http://niftychartsandpatterns.blogspot.in/2012/12/silver-chart-analysis.html
Could be just about bottomed now?
http://screencast.com/t/L6DWltgG
Investor Sentiment: There Are No Bears
From Zero Hedge:
… When looking at the sentiment data, we note three things.
One, the bearish extremes in investor sentiment are not too extreme. The recent bearish extreme in the “dumb money” indicator (i.e., bull signal) has lasted all but one week. The last signal on June 8, 2012 lasted all but one week as well. Our models (over 20 years of data) usually see two or more weeks of bearishness amongst investors before a bottom is forged.
Two, there is no consensus among the various sentiment data. For example, company insiders (i.e., the “smart money”) are typically buying when the “dumb money” is selling. But this past week, we find company insiders actually selling to a degree last seen when the Fed announced QE3.
Three, there are no bears. When looking at the leveraged Rydex investors (personal data), we find that they are becoming more bearish, but they haven’t acted on that bearishness. They essentially have moved to the safety of the sidelines. Without committed and invested bears, there will be no short covering… and without short covering, there will be little fuel to power any rally. So the problem with this market is that it can’t seem to sell off enough to produce a sustainable rally. There are not enough bears or bulls. If the market went lower, we would see more of each.
As expected, the market has found a floor. Holiday trading, hope and the expectation for a fiscal cliff resolution, and fading the “dumb money” are some of the reasons. But the rubber band isn’t stretched too far. However far the rally goes, it will likely be…
Read more at http://investmentwatchblog.com/trader-alert-the-market-could-now-be-entering-a-euphoria-stage-major-investment-kaboom-coming/#f1Mu6F4axKuXRM7P.99
Makes a lot of sense too me now… thanks. I agree that there aren’t enough bears to produce a nice squeeze, and also not enough to breakdown the market through support. This is why it’s currently holding up fairly nicely today. If there were a lot of bears onboard we’d be down 15 points or more.
But, no one wants to short right here. I know I don’t. I’m still looking for 1430-1435 to be a good shorting level. This current level isn’t worth taking a chance on for fear of a move up higher due to low volume and the money the Fed’s will put in the market Wednesday and Thursday.
Doesn’t feel safe to go long either as it looks too tired to rally up much farther. Could it get up to 1430-1435 still? I don’t know but I’ll be waiting to short it if it does. Of course every other bear will probably be there waiting too… which could help or hurt me? LOL
COPPER Triangle pattern: http://niftychartsandpatterns.blogspot.in/2012/12/copper-triangle-pattern.html
Looking at the charts gang I believe we will rally tomorrow. Don’t know how high but I wouldn’t stay short overnight.
how bout that email red?
Later tonight Sol… this email coming will only be a “watch”, not a “buy” so it’s not time sensitive as future emails will be. This is only the start of what I’ll be offering as I could be getting a new deal every week?
so the situation with the company changed?
Correct, that company will be “the big one”, but the timeline has changed. It’s still in “the mix” but won’t happen until later this month or early next year. But I have a different one that I want everyone to watch and learn from… as it’s an example of the power of this…
lookin forward to it
Staying in cash…….no conviction either way IMO. Gap up/gap down in the am? Stay away and in cash for the most part! Have a great night one and all!
hmmmmm if the sheep have less money next year……Fiscal cliff…IMO it will not matter!
Wise move… me too.
i shorted UPL. i think i can scalp down to 18.9, maybe even high 17’s …risky, but we’ll see.
Good luck…..Risky yes…..I’ll be watching with ya’!
QE3 is working….here are the facts..
go to the grocery store and,
sweet and low, 30% less in the packet, but the packet is still the same size.
coffee, both container and contents, off by 30%, price still the same.
my FAVORITE, Toilet paper up 25%!
They got me, they got me good. and still there’s no revolution.
Bunch of punk ass bia-tches live in this country, i tell you …didn’t used to be that way:)
Yes, toilet paper gonna get very expensive….a rare commodity, but I can tell you, I do have some inside my wallet. The paper is spendy, but the ink is cheap
Dow Jones analysis after close: http://niftychartsandpatterns.blogspot.in/2012/12/dow-jones-analysis-after-closing-bell.html
I should have an “Email” out here in a few minutes… So, for all those that subscribed to my newsletter about making HUGE gains with penny/junior stocks… check your email tonight.
Deceptive Food Inflation at the Grocery Store …
http://www.youtube.com/watch?v=NWr_6mx4Pro
APPLE Support and resistance levels: http://niftychartsandpatterns.blogspot.in/2012/12/apple-support-and-resistance-levels.html
Good Morning everyone. I sent out the first email last night to all those subscribers. If you didn’t get it make sure you check your spam filter. Also, there were 11 of you that never “confirmed” the first email when you filled out the subscription form days or weeks back.
You need to “confirm” through that email as Aweber (the email provider I’m using) didn’t send out that email to those 11 people. Contact me directly at “red (at) reddragonleo (dot) com” if you have trouble. You might just need to re-fill out the form again.
Finally, if you want be to “text” you the HOT picks when I get them I’ll need your cell phone number. Right now I don’t have a wordpress plugin that will do the automatic texting to everyone at the same time but you’ll get a text and email once I get that setup in the near future.
For now, if you can’t figure out how to add your phone number, just email it to me and I can add it manually in the backoffice of my Aweber account. Sorry… I should have asked for that in the first place as I forgot how fast these penny stocks can move.
In fact, the one I talk about in the first newsletter edition I sent out last night, when up from .015 cent to .15 cents in one day! I missed it myself but I’m told it going much higher. However, we don’t chase them. We get in at the bottom for the first big move or nothing.
So, if I would have had everything setup and in place you (and myself) could have made a fast 1,000% gain in one day! Crazy huh? But, while it will likely still go up more, that opportunity has past.
The good news is that there will be many more 200% er’s, 300% er’s and the occasional 1,000% coming out almost every week in 20013. So if you’re not on the list you should be… if for no other reason then to just watch and be amazed.
—————-
Moving on to today’s stock market update… more choppy waters today is likely. Both today and Thursday the Fed will be pumping in $4.25-$5.25 Billion into this fat pig, but Friday has nothing.
My thoughts are that by the time we are around midday on Thursday the money will have been spent and at the same time all the short term charts will have lined themselves up together in an “overbought” condition really to rollover the rest of the day and into Friday.
Right now the 4hr, 3hr, 2hr, and 60min charts on both the ES futures and SPX cash are mixed as some are overbought and some oversold. Once they all get back in sync together we should see a nice move in one direction or the other… and from the “feel” of the market right now, it’s likely to be the direction called “Down”.
EURUSD Resistance levels: http://niftychartsandpatterns.blogspot.in/2012/12/eurusd-resistance-levels.html
Wow… I guess there’s not going to be anymore bounces? Looks pretty bearish too me right now. Looking for a bounce later today to get short as I think this proves that the Fed money isn’t going to hold up this pig.
It’s nice to see SkyNet reading my comments (and doing the opposite of course… LOL)
true
I think this is just a bear “shakeout” as I still see us going down the rest the week.
I’ll probably wait for tomorrow and pick up some weeklies
The December 14th’s are already available Anthony.
wow. thanks. Didn’t even check as they usually come out tomorrow
Yeah, but from the looks of today’s bear squeeze “today” might end up being the best day to go short. Just wait for later in the day as you and I both know that “if” they close at the highes there is a 90% chance of a “slightly higher” (or much higher) high the day afterwards.
That means tomorrow we could see a quick pop in the morning and then the real drop. It makes the most sense as both today and tomorrow the Fed’s have money to manipulate the market, whereas Friday they don’t have any scheduled. What a great chance to short at the open tomorrow… (assuming this is how it plays out?)
market up 135 , iwm up on .29 c, aapl down
GOLD Support levels: http://niftychartsandpatterns.blogspot.in/2012/12/gold-support-levels.html
Sending out yesterday’s newsletter again to late
subscribers…
There’s a FP of 140.70 SPY at 11:43 am… could be the close today?
The ES and the SPX look to be lining up right now on the 4hr, 2hr, and 60min charts. I’m now thinking that this is about all we are going to get. It’s not looking good for a move up to 1430-1435 on the ES. I just don’t think it will make it… at least not from what I see in the chart right now (which should mean that tomorrow will be down).
With that said, I might to looking for a short position here really soon… especially with that new FP of 140.70 SPY showing up at the 11:43 am time frame. The charts could easily support a move down into the close to hit that level… then more down tomorrow.
I’m looking for a “lower high” on this next move up over between now and the close. It should happen within the next hour I’m thinking. If so, then that’s where I’ll likely go short at.
Even with the “Tentative Outright Treasury Operation” in today and tomorrow the market seems just too weak to rally from it. And with no money on Friday, and not another round until next Thursday the 13th, there’s little left to suppor this fat pig… meaning we should drop nicely in those 6 days.
If we make a higher high then possibly they do continue this into tomorrow? But, I just don’t think we will, as the market looks really weak. Even the $4.25-$5.25 Billion in TOTO money tomorrow might not do much more then “buy the gap down in the morning”… instead of rallying up to 1430-1435 like they want to do.
I’m “not long” now (for SkyNet)…
This is a weird day. Dow is up over 100 points but $ndx is down and breadth isn’t that strong. Apple of course is getting crushed. Haven’t checked on the news today but the overnight markets were getting a little exuberant because Greece was starting to buyback its debt. XLF and the Dow now back at new secondary highs.
I will need to see the close for some more analysis.
Today is a Fib 55 trading days (Gann D.Zone number as well) off the 9-14 high.
It looks like we’re heading for the Sorcerer number for the ultimate destination date. Also the last 3 SB champions number rearranged as well.
odd.. scooped up some of OGNG and it shows it at .13 in TD/.15 on yahoo
Email me…
$CEO price is right, therefore nothing currently wrong with chinese oil sector.
SPX Analysis after close: http://niftychartsandpatterns.blogspot.in/2012/12/s-500-analysis-after-closing-bell.html
I’ve looked at some clips of some favorite movies from the 80s lately and noticed some interesting stuff.
Jeff Bridges wears #87 as a member of the LA ???(football team) in Against All Odds. In the trailer, he is shown running with #30 for a 3-87 combo or the infamous 117 combo.
The license plate number on his Porsche also features an 87……Basically 87xxx.
Also have viewed Body Double recently and the clock in the Franky Goes to Hollywood/ Relax/ Holly Body sequence is set at 4:05 or 45. The movie studio guard gate has
NO 2 6-9PM listed on it. Of course the infamous NO for 29 or something else? 26 and then 9pm or 911 ie 9-16-13 or 9-(7-4). There is also a shot of Craig Wasson scanning a wanted ad featuring the date January 21-24 plus a plethora of other numbers but I haven’t broken down that scene completely quite yet. He also circles interview only????
The address of his bungalow at the end of the opening credits sequence is also quite interesting although I couldn’t quite cleanly read both numbers in particular the bottom one.
Bridges plays for the LA Outlaws but he will play for the MIAMI Dolphins the following season.
Interesting that the NCCA Championship game will be played in MIAMI this year and feature Tuscaloosa-based Alabama (Tuscaloosa one of the prominent cities mentioned in Bradley’s Ode to the 29 92 ritual) against the Legatus Fighting Irish. (I haven’t quite figured out Notre Dame’s role in the grand ritual quite yet).
Against All Odds according to it’s Wikip. profile is also the only movie to have filmed at Mayan locales of the Mayan city Chichen Itza as well as Tulum so we have a Mayan connection there as well.
In last weekend’s SEC championship game,Alabama QB McCarron threw a game winning bomb to his receiver to form an interesting numerological combo.( Both were later seen sitting next to each other on the sideline to reaffirm the combo—same number displayed in Georgia’s big win over Florida earlier in the season on a game saving play which I have discussed in a previous post.) Watching the Saints games, I see them flash this combo all the time (usually with the Saints two QBs jumping on each other after a TD). They have also been showing receiver #16 next to star TE #80 (featured in that 66 yard TD play in last years playoff game against the 49ers which I have covered in the past.) quite a bit for the infamous 87 combo.
By the way, I did uncover an ’87 connection to the 49ers. Their celebrated 2nd year coach, Jim Harbaugh was a rookie QB for the Chicago BEARS in 1987. Their vaunted 1st round pick I believe. Out of Michigan.
Everyone check your email before the opening bell Thursday morning…
BAC Chart analysis: http://niftychartsandpatterns.blogspot.in/2012/12/bank-of-america-chart-analysis.html
This market just doesn’t want to go down… arrgh! I get the feeling they are going to pop this pig with another shot of herion to get him moving up more…
I’m flat now guys… doesn’t look like the bears are going to do anything right now.
Watching for spy 142.80 ish the Monday high…..could be a double top in the works? Wanting to short but waiting! Have a great day one and all!
At this point Seawind I think they are going to take this up higher to possibly that 1430-1435 area on the ES futures. The longer they hold this line the less chance of a breakdown. The reason is that they will eventually work off the overbought conditions and then be able to rally. It’s why they call an up move with sideways trading a bull flag.
QQQ Hour chart analysis: http://niftychartsandpatterns.blogspot.in/2012/12/qqq-hour-chart-analysis.html
For those subscribers to my newsletter the pick I spoke of is just delayed. Hang tight and just wait for farther updates…
Time to exit (for all subscribers) as the move is over. Short lived this one was…
The bear might be toast right now as the bulls could run this tomorrow from the looks of the charts…
Sadly, I think they are going to rally this pig up tomorrow and into next week some too. They succeeded in using the TOTO money ($7 billion total today) in keeping this pig from tanking. Tomorrow they don’t have any money but they have reset the overbought conditions enough to turn it back up without more money.
They have probably trapped a whole lot of bears in Apple and will likey short squeeze them hard over the next few days. Who needs TOTO money when you can steal it from the bears? So, as much as I’d like to see this pig pop (market tank) I think he’s going to get fatter for a little while longer.