But before that happens I expect another wave down. Since we have new FP of 134.46, that was seen by a poster on Cobra's Forum, I'd say we are likely to hit that level Monday morning and then rollover. While there is nothing saying that the FP is a turning point, the charts are very over bought right now and support a move down start as early as Monday.
So, since we are just inches away from it (we had an intraday high of 134.10 on the SPY Friday), it only makes sense that we reach it Monday before rolling over to the downside to reset the overbought short term charts. The move down should be some Fibonacci percentage and make our "B" wave in this ABC pattern up. It's about an 80 point move up on the SPX, so a move back down 40 points to 1300 isn't out of the question.
Regardless of whether it drops to the 38.2% level, 50% or 61.8%, I do not think it's our "Wave 3" down, but instead just a "B" wave inside of "Wave 2" up... which won't be labeled wave 2 once a new high is put in. Then I guess it will be some kind of final 5th wave in Primary Wave 2 up from the March, 2009 low. Whatever it's called, I think it's going to end around our old FP of 138.86 on the SPY.
The Gangsters sure do like to fool the sheep...
I'm not falling for this one again... that's for sure! I've seen them do this many times, and they always end up stealing the bears money. Yeah, it's going to look like "wave 3" down started as the selling could be quite powerful, but I fully expect it to be just another bear trap. They may push it down close to the current low, but I firmly believe it will stay above it and put in a "higher low", allowing for that last "C" wave up to the FP level for a new high. It's looking a lot like 2007 did!
My plan is simple... wait for that newer FP of 134.46 to be hit (probably at the open, or shortly afterwards if it opens slightly down and then pushes back up within the first hour or so), and take a short position for move down early in the week to at least the 38.2% Fib level. Then at some point I'll look to go long for the final move up to 138.86 or so.
I'm not in any hurry to go long, as they will likely go further down then just the 38.2% Fib level... mainly because they need to shake out some new bulls, and get some more bears onboard. We could bounce around the 1320 spx area (it's the downward sloping trendline that they just broke through on Friday), as that would be a backtest of what is now support. But, I'm not too excited about jumping on the bull train there, as it's weak support in my opinion.
There is a stronger support level around the 1300 area, which is where I think this market is headed too next week. Then the following week is options expiration, which is usually bullish. They like to get everyone on the short side the week prior to it (this week) and then squeeze the week of OPX, so all those newly purchased puts expire worthless. Just the evil game they play to steal your money... don't fall for it!
The week after OPX is usually when you'll see the market turn back down again. While that doesn't have too be a big turn, I've noticed that it does happen quite often. This leads me to believe that will we hit our FP target new high the week of OPX or early the week after. That 25th-27th period of most months is a common Gann turndate too, so I think we're on schedule to peak by then.
And on the Dark Side...
Not much going on that I can find on the Illuminati rituals for next week, but here's an interesting video by Phil Schneider in 1995. He was killed 6 months later by the Illuminati gangters, but it's still new to lots of people... including myself.
Will the market bounce on Monday... I don't know? It could crash, as the charts are still very bearish right now!
However, many of the indexes have actually hit their double bottom support levels from the first week of March early this year. The S&P500 is one of the few that still hasn't hit that 1250 area, which means that we could still see some more selling early next week. But, I do think that we are near a short term bottom before a nice rally back up to form a wave 2... and then one nasty wave 3 down!
If we do sell off some more next week it would likely be a final wave 5 down inside this larger wave 1, and should find support at the 1250 area. This doesn't mean it won't pierce through it on some type of "flush out" move, cleaning out all the stops the bulls have just waiting to be cleared. I'm just not sure if they want to clear them out now, or rally first and then go back down later?
It's a tough call as the market is resting on the 200dma on the daily chart, and should have a multi-day bounce from it. But, it looks like it already had the mulit-day rally from the first hit, therefore the second time is a weaker support level that could be broken very easily... especially when you notice that on a weekly chart the 50ma is coming in at 1235 and should act like a magnet for the market to hit.
That leads me to believe that we could see more selling early next week before any relief rally starts. The only wildcard is if they come up with some perceived fix for the Greece problems... (or some surprise stimulus put into the market). Right now I just don't see it happening... which makes me believe that we are likely to continue down more next week, before any relief rally.
While I'm looking hard for a reason for the market to bounce, I'm not finding any. Yeah, we should rally, and yeah we're over sold on many charts, but I'm having my doubts on any rally coming until we go lower first. I'm a bear in disbelief right now, as it doesn't look like the same market we've seen for the last 2 years, where every sell off was met with a wall of bulls pushing it back up.
So... Where's The Bulls?
Did they all die when the stimulus money ended? It certainly looks that way now. I'm beginning to believe that "oversold" can stay "oversold" for much longer then we think it can... much like the last 2 years with all the "overbought" being ridiculously "overbought" to the point of insanity for any trader to believe. I guess we have truly (and finally) started Primary Wave 3 down, as the market just feels different this time around... don't you agree?
As for the short term charts, they are all mixed. The 60 minute is pointing up, the 30 minute down. The daily is pointing down too, but from oversold levels. I'm just not sure what to think about Monday? It could go either way. If there is light volume, the bulls could close the day positive... but if the bears want to attack, the bulls will retreat very quickly!
The bulls are seriously wounded right now, as a whole lot of technical support levels have been broken. The bears are in full control, and only if they decide to take a day off and rest will the bulls regain any ground... and somehow I don't think they will rest until the 50ma is hit on the weekly chart.
This chart below (from Astrocycle.net) shows an interesting correlation with the current bottom and vix level of 24, with the previous bottom and vix level of 28. This could mean that one final move down (in some type of 5th wave, inside of a larger wave 1 down) is yet to follow. The question is... will it come early this week and then rally back up, or rally up a little first and sell off later in the week?
Another interesting thing on the chart is the blue and red tick lines at the top of the chart. Reading them I would come to the conclusion that a move up would happen first. This is the 60 minute chart, so if it does move up first, it shouldn't last more the a day or two. Not shown on the chart is the next moon cycle on the 3rd of July, which could be another turning point... meaning that we should put in a bottom or a top. I don't know which, but if we go up early in the week, and then back down... I'd say a bottom.
Of course the opposite is true if we sell off to the 1235 area first and then rally into the first week of July, as then I'd expect a top to be put in around that moon cycle, followed by a much larger wave down to follow. All in all, I'm just going to say that calling the short term direction right now is a very tough call. But, a lot of evidence points to the high being put in, and Primary Wave 3 down starting... meaning, sell the rip's is the new theme!
On the darkside... nothing much worth mentioning right now. The old cabal gangsters are still in control, but slowly being pressured out. More recently they fled in fear from the Bilderberg meeting under threat of arrest... the first time ever! LOL! Here's the latest interview Ben Fulford did with Jeff Rense.
Now that everyone (including Grandma and the local shoe shine boy) is all aboard the bear train... it's time to steal their money!
Yes folks, as bearish as I am about the economy and the Great Depression Two that we are entering, nothing goes straight down forever. If it did, then the little guys would make money and the big boys would lose money... which you know isn't going to happen. The wolves will always trick the sheep into giving their money to them (unwilling of course). This time is NO different!
Just about all the charts are in oversold levels and area's of "capitulation"... meaning a strong rally is coming soon. The market is at major support level's on all most all of the different indexes, and should force a multi-week rally to start this coming week. While I'm not sure what each day will bring next week, I do see positive close on the weekly chart. This should start a wave 2 up that should go up higher then most bears expect... meaning, it could go above my previous thoughts of 1320 spx.
Here's my thoughts if Scenario One plays out...
While the daily chart is about to get a crossover of the 50dma over the 100dma, confirming the new downtrend, I do expect that to be hit (currently around 1320) and pierced through. Call that area the last "bear trap", (as I'm sure there will be many before it), as one finally push up to a double top from the 1340 area should follow. However, by the time the market makes it up to the 50 and 100 day moving averages, they will likely be lower around 1310 or so.
I do expect a pullback in that zone, but I don't think it will be the start of wave 3 down, but instead just a wave 4 pullback from a 5 wave push up inside this larger wave 2 up. The charts are just too bearish right now and all those bears need to be squeezed out before the next larger wave 3 down starts... at least that's what my theory is on this Scenario.
The other possibility is Scenario Two...
The only thing that would make me think differently is if the rally was extremely fast... as in "less then 2 weeks". Then the necktie of resistance where the 50 and 100 day moving average cross would slam the market back down hard and fast... which would then be the likely start of larger wave 3 down.
However, I think a more longer and choppy ride up will occur, that takes 3-5 weeks... allowing the daily chart to move from the -15 area on the MACD's to the positive 10-15 area (Scenario One). That would turn the weekly chart back up and the Full Stocastic's would make a short lived hook pattern like the June-July period of 2010. This would allow for another wave down as the Histogram bars move up putting in a higher low (making a positive divergence) while the market makes a lower low (the 200ma around 1150 would be my best guess for a target bottom).
Here how I see it all playing out...
The "reverse engineering" thoughts are that we start will the week of October 23rd as being the start of the Wave 3, of 3, of 3, of 3, etc... and work our way back. Since we have likely topped for the year I'd say that we are now in Primary Wave 3 down, ending Primary Wave 2 up from the March 2009 low at 666 spx. Then I'd speculate that the first Major Wave 1 down will conclude around the 200ma around 1150 spx. From there we should rally back up for Major Wave 2 into October. A likely target would be the 5oma ,or 20ma (on the weekly chart again).
Ok, then we should start the first Minor Wave down inside of Major Wave 3 down (inside of Primary Wave 3 down), and bounce back up at some point prior to the week of October 23rd for that Minor Wave 2 to end. Then we should have Minor Wave 3 down, inside of Major Wave 3, inside of Primary Wave 3 start... which should be the most powerful wave since the first Great Depression in 1929!
This is where you should see a 1000 point drop in one week happen... yeah, scary stuff! It all centered around the Elenin (Planet X or Nibiru) crossing between the Earth and the Sun causing an massive Pole Shift wiping out 80-90% of the world population. Will it happen, or is it just a hoax that the Illuminati created to bring on the end times prophecy foretold in the Bible? I can't answer that of course, but if it is just a hoax, it's the best magic trick these evil reptilian gangsters have done yet!
Here's a video explaining the path of Elenin, according to the NASA website, (which is of course controlled by the Illuminati), so that begs one to wonder why they are making the information available to the public? Do they want to create fear on purpose so they can bring about the end of the world? By giving people access to the site they are encouraging us sheep to spread this horrible news around the internet... which serves their agenda with the creation of the "New World Order", where we will all be "chipped" and monitored 24/7... for our one safety of course. LOL!
However, there is the other side of the story from people like Dolores Canon who believes that the good Aliens (the Pleiadeans... or Angels?) will protect Earth from a pole shift happening as everyone thinks will occur. According to her, we are splitting into another different earth and this new earth will a wonderful place. Here's her story in this video below. One incredible woman she is, and someone I respect and believe is telling the truth as she knows it. I would truly love to met her and learn how to heal people like she does.
There is also the insider "whistleblower" Dan Burisch that works inside Majestic 12, the government agency assigned to investigate all UFO crashes since the 1947 Roswell, New Mexico event. There was even a TV Series called "Dark Skies" that was all about what Majestic 12 did. According to Burisch, we are going down a different timeline then the one that the world is destroyed by a polar shift. In that timeline, Hilary Clinton was president and assassinated while in office. She looked into the "Looking Glass" stargate and seen this in her future, but Obama won the election which makes Burisch believe we are on another timeline. This new timeline doesn't have the world experiencing a polar shift and killing billions (which is good news for us of course).
This first video is about Dan's history and his abduction as a young boy...
This one talks about the stargates and the different timelines...
More about the timelines and the stargates...
Putting this all together with the rituals that the Illuminati Reptilians are trying to make happen, leads me to believe that any event that happens (or not?) will still make this October the ugliest one in the history of the Stock Market! Regardless of whether or not the Elenin event happens or not, the market is still doomed. The gangsters will eventually be forced to crash the market to destroy America as planned, and wipeout all the derivatives that they created indebting the public for generations to come. They know it's not possible to pay the debt, so they must eliminate it with the coming crash.
Moving on to the short term charts...
With Monday having double POMO, and the daily charts looking ready to point up, we could have a big rally occur. The 60 minute charts now have a 3 point positive divergence which also leads me to believe a strong move up is coming Monday. The dollar also hit a major resistance level on the weekly chart, and should go back down too. Then there is the extreme... and I mean extreme, put to call ratio. The bottom line is that too many people are way too bearish right now. Everyone can't be on the same side of the trade, or else there wouldn't be a market to trade.
So, if you are a bear, you might only have a few days this week to exit your position before wave 2 up squeezes all the bears. Since the 60 minute chart is pointing down on the histogram bars, as well as the 30 minute chart, I'd guess that early Monday might be the low for the week. An "inverse head and shoulders" pattern looks to be forming now, and should push the market up for several weeks.
I do think it will be choppy, but overall I expect the short term trend to be UP for now. I don't know if it will be Scenario One or Two, as one has us going to about 1310 and the other to about 1350, but we should be able to get a better idea once the move up starts. After it is finished, again I think we will go down to about the 1150 area at the 200ma on the weekly chart.
This is looking a lot like the fall period in 2007, with the September-November 2008 period coming this October. Right now we are above the 200ma on the weekly, but once it goes below it... look out for the "crash of all crashes" to start!
While nothing happened over on 6-11-11 (which is a good thing), that doesn't mean the selling is over. Instead, it simply means that a crash isn't likely to happen next week, and a relief rally is. Remember, next week is option expiration, and you know how the gangsters like to steal the premium paid for those options by making them expire worthless. So the question is, are there more "puts" or "calls" set to expire this coming Friday?
Do you really believe the gangsters are going to pay out on 71,530 puts at the 127 spy strike price when there are only 4,935 calls? I seriously doubt it. While I do expect more selling on Monday, I also expect a rally the rest of the week... making the 130 spy puts and below expire worthless by Friday.
However, after this rally is done, I do expect the selling to continue soon after wards. This is only beginning I believe, not the ending and then resuming the P2 rally. In fact, it's highly likely the Primary Wave 2 (P2) has ended and we are now in P3. There are lots of technicals to support that theory, and other news related events too.
For one, there is the end of Quantitative Easing Two (QE2), which has an end date of June 30th (I believe that's the date?... I know it's this month). While I'm sure there will be a QE3 (not named that of course, but having the same effect), I don't see it happening until we go much lower in the stock market. Remember, these gangsters are heavily short right now, as they took the stolen money (several Trillion) that was frozen for 10 years after Osama Bin Laden's (Tim Osman) death in December, 2001 of kidney failure in a hospital in Minneapolis, Minnesota.
This was the money used to crash the silver market, and I really doubt that it's over with yet. The goal of the evil reptilian Illuminati gangsters is to make American's so poor that they can't afford to rebel against them. There is a whole lot more humans on this planet then reptilian shape-shifters (like George H. Bush, George W. Bush, David Rockefeller, Jay Rockefeller, Bill Clinton, Hillary Clinton, Henry Kissinger, Tony Blair, The Queen of England, and list goes on... ), which is why they feel us sheep waking up to the truth about the matrix we live in.
Each video above is only a short 10 minute section of a 3 hour interview of Arizona Wilder do by David Icke, and I've recently watched all of them twice now and I'm amazed at how many programmed people are now able to come out with the truth, and how sick these reptilians really are. Eating human's in ritual sacrifices, after terrorizing them and torturing them is not something everyone can easily believe. But none the less, this story seems too be the same with everyone that breaks free from the Illuminati.
When you think about the "End of the World 2012 Prophecy", it makes a lot of sense now as to "why" the greatest stock market crash in history is coming this year and next. After all, if these reptilians want to bring on their "New World Order" and enslave mankind even more then they already are doing, you have to break the spirit of the people by making them to poor to care about all the new laws that will be written to control us sheep in every aspect of our life.
(to watch on youtube: http://www.youtube.com/watch?v=2Q_2QD58IVo)
Therefore, I can only conclude that this fall will be the time period that the largest sell off of the stock market will occur. It should be a multiple of "wave 3's" in elliottwave terms, and not be seen again for a hundred years or more. In fact, it should be worst then the 1929 crash, so there really won't be anything in modern history to compare it too. This has been planned by these evil reptilian illuminati gangsters for a very, very long time.
Make no mistake about it... it's coming!
Regardless of whether or not the "white hats" (the good guys that want to free humanity and bring on a world of free energy devices and technology) succeed or fail, the crash is still destine to happen. Why? Because all the damage that has been done is irreversable now. The massive run in real estate, and crash that followed is going to take a very long time to find a bottom and start a recovery. There is still tons of "shadow inventory" that the banks still haven't put on the market for sale, as there already isn't enough buyers to bid up the prices of what's already on the market.
Then there is the massive printing of money that was used to hold up the stock market over the last 2 years. That has ended for now, and I don't see it starting back up again until either a time period that the gangsters want to (which will only be when everything has crashed, and they can buy up all the assets of America for pennies on the dollar). Even if the good guys win, they will simply start a new currency (maybe the "Treasury Note") that will be backed by gold, silver, oil, etc..., but this can't happen until after the crash.
As you can see, it's a "No Win Situation" for the Stock Market... It must Crash!
Let's not forget about all the derivatives that the reptilian gangster indebted America with. Guess what? They can't possibly be paid back. Some say they are over a $100 Trillion Dollars... yeah, kinda mind blowing huh! This means a crash is imminent, and can't be stopped... not by the bad guys, good guys, aliens or angels. Basically this tells me that the odds of the "Top" being put in for the year (and many years too come) are extremely likely now. I don't see any rally back up to the 138.86 spy FP now. It was likely a false FP, meant to mislead us sheep.
It's best to start looking for the downside FP's, as I'm sure a few of them are real one's, and will be hit. Besides that, many of the the FP's are at support level's anyway... which means that level should be a short term bouncing point for a relief rally to happen from.
As for this coming week, I still think we'll bounce for multiple days from the 1250 spx double bottom area. The charts are extremely bearish now, and bear squeeze is very overdue. This being an "OPX Week" gives it the highest odd's of happening. Plus, I think we set a new record for most consecutive number of weeks down in a row on the spx, with 2002 being the last time this happened. I expect to see many new records set this fall.
Common monthly turn dates are the 25th-27th...
I've stated previously that common monthly turn dates are the 25th-27th of most months. This happens a lot because it's the week after option expiration and the starting week of the next months' opx. This really leads more evidence to my thoughts that the market will rally next week, as I don't see this coming turn date period as being a bottom in the market. In most of the time periods in the past, it was a turn down in the market... and I expect the same thing this time.
This means we should have a 2 week rally, starting next week and ending by Friday the 24th... followed by another "more serious" move down in the market. I suspect this week to be a nice solid white candle close, with very little of a topping tail, and next week to be more like a doji or spinning top pattern... but still closing positive. Remember, the market rarely goes straight down, and 6 straight weeks down is pushing the limit right now.
While the market could go down to the 50 MA on the weekly chart, (coming in around 1226 spx), I don't see it happening next week. Again, the "put to call" ratio is at extremes right now, and with it being opx week, I don't see them allowing the bears to cash out with all that money they've made on this sell off. I think a bounce back up for 1-2 weeks first is coming, and then move lower toward the 200 MA on the weekly chart is more likely to happen. (That's about 1165 right now).
As far as the charts go, most of them don't support my speculation that the market will rally next week after a lower low on Monday (hitting the 1250 spx double bottom area). Only a few chart say that a turn is coming (but in those don't support it happening next week). Most charts still point to another red week happening, so just be aware that my forecast isn't 100% based on the charts this time. They are instead based on past history of other opx week's, extremely high bearish reading, number of weeks the market has been down in a row, turn dates later this month, full moon on Monday the 15th (putting in the low before the bounce), etc...
So all in all, I'd just conclude that if you are already short, and not in something that decay's with time, then just take the rest of the year off. While I'm sure there will be bounces along the way, the new trend is now DOWN... as planned and executed by the evil reptilian gangsters years ago. It's just a game that they play in this matrix we live in. Understand that, and getting the timing of the game is the key to winning in it. Well, maybe not winning, but at least not being one of those sacrificied and eaten.
Good luck as usual to all the humans, and to the reptilians out there... your time is near over on this planet, and I'll enjoy the day I can make a nice steak dinner out your flesh... and feed it to some random crows looking for something sick to eat.
This video says that there is a Bilderberg meeting this weekend. The same gangsters that attend the Legatus events are also members of the Bilderberg Group. They set policies, laws, and more importantly... they control the direction of the stock market! What do they have planned next? Will we see another False Flag event on 06-11-11, causing the stock market to crash on Monday?
It certainly doesn't look good for the bulls... that's for sure!
While the bulls aren't officially dead, they need to make a stand this week or else they will lose the 1294 (spx) major support level. Once that goes, 1250 is going to act like a magnet. At this point, the high could be in for the rest of the year? While I'm still not sure if the 138.86 spy FP was real or not, I don't think it's going to be reached for several months at minimum. The charts tell me that a long term high might have been put already. I'm not sure yet, but we may have started Primary Wave 3 down.
Some interesting news has come out to support this theory too. It seems that Tim Osman (Osama Bin Laden real name), who was indeed dead in 2001 from a kidney failure, managed to use the money that the Bush-Clinton Crime Family Syndicate (the Cabal) gave to him and turned it into Trillions of dollars. The money was used too train people to conduct terrorist acts that the Cabal wanted to happen.
Osman (Bin Laden) was a trained CIA operative himself, and trained others how to do these attacks. This people were known as the "CIA Database", which translated means "Al Qaeda". Put simply, Al Qaeda is CIA agents. So, Tim Osman (Bin Laden) did as he was told by George Herbert Walker Bush (Daddy Bush), but also used the money given to him to run Heroin and multiplied it many times.
Upon his death the money was frozen, and couldn't be released until 10 years later. That brings us up to 2011, in which the Cabal managed to steal this money funnel it to Goldman Saches and JP Morgan Sunday night at 4:19 PST May 1st, 2011. JP Morgan was about to be liqudiated if silver hit $50.00 and ounce, and they quickly used this stolen money to crash silver by establishing many new short positions in the COMEX silver futures before the open Monday.
This all happened 5 hours before Obama announced the death of Tim Osman (Osama Bin Laden). Silver dropped $5.00 in 40 seconds and is still currently new downtrend. This money will probably be used for QE3 at some point, but right now I think they plan on crashing the market over the next several weeks.
Then there is Dominque Strauss-Kahn, who was setup and arrested because he discovered that all the gold in Fort Knox is gone. His source from inside the CIA has firm evidence that the gold is gone and replaced with Fake Gold Bars. This all spells major trouble for the evil cabal (Bush-Clinton Crime Family Syndicate), they are clearly running out of money and quite desperate to save themselves before the crap hits the fan.
Since they don't have any real gold left to bargin with, and only this freshly stolen money from the now un-frozen Bin Laden account, you have too ask yourself a question... "if you were them, would you use the money to rally the stock up higher by buying long positions, or would you buy short positions and crash the stock market?" Which one makes them the most money?
The answer is simple... Crash the Stock Market!
That's what I'd do if I were in their shoes, as it would all you rob the sheep again on the way down, and then rob them again when you buy it back up later at heavily discounted prices. This tells me that the next few weeks are likely to blow through some serious technical support levels as the sheep don't see what's happening until it's over.
Let's not forget that this all happened right about the last Legatus meeting April 30th - May 1st... coincidence, or just great timing? You know the answer to that one don't you... yeah, I thought so. Since the next meeting is in October, and ends on the 23rd, I'd be willing to state that the current move down will be called Major Wave 1 (down) inside Primary Wave 3, and the rally going into October 23rd will be called Major Wave 2 (up) inside of Primary Wave 3 down.
That leaves Major Wave 3 down inside of Primary Wave 3 down for the week beginning October 23rd. That one will make this current move look like a nuclear bomb went off compared to a grenade! I hope everyone survives the coming Great Depression Two, as it's going to be ugly!
Looking at the short term...
The charts support a positive close on Monday, unknown on Tuesday, but selling the rest of the week is likely. If we get a 50% retracement back up from last week, it would be another great shorting spot in my opinion. One of the stock I'd be looking to short would be Goldman Sachs and JP Morgan... why? Because of the new trouble they are currently in from the New State Attorny's office as well as the Justice Department and the Securities and Exchange Commission. I believe that the cabal plan to sacrificy one or both of these two companies.
So, for everyone that is already short, this it what I believe you have too look forward to. These levels could be the end of Major Wave 1 down, and allow Major Wave 2 up to lead us into the week of October the 23rd. I don't know how high the bounce will be, but it doesn't matter as we know when it ends. If gold really does hit 939, it will be a huge buying opportunity, as the next run up should be the one that takes us to the 2500-3000 area that Lindsey Williams speaks of. We might not hit that level until after the next crash bottoms (the one scheduled to start October 23rd, 2011), but when it does, I'll be a buyer.
Back to this coming week...
The best I can see is a 50% retracement early on, like on Monday or Tuesday... then a lot more selling. The 60 minute chart needs to rally up and get overbought, and I suspect that will happen Monday, but could carry into Tuesday morning. After that, it bull season again, and the bears have the rifles.
The selling pressure has about dried up I believe, as the about of traders bearish has reached extreme levels. This tells me that a bear squeeze is coming soon, as you know the gangsters won't let those bears on the train when it leaves the station for good.
But before that happens, I do see a little more selling coming. The rally over the last 3 days was on light volume and is into a serious resistance zone right now. While I do see a bull flag on the 60 minute chart that should play out when the market opens on Tuesday, it will likely be an exhaustion move higher before a fall back down one more time. That 1340 spx area should hold the bulls back on this first attempt and allow the bears to push it back down toward the 1311 double bottom area.
Now the question is... will a "higher low" or "lower low" be put in?
Considering that the market is in a downward channel I favor the "lower low" scenario happening. The lower trendline of the channel should be around the 1300 spx area on Tuesday and that is my target for the low. It also is a "higher low" from the previous 1294 low on April 18th... which would still allow the bulls to make a final run up for my FP of 138.86 spy (about 1388 spx) that I see believe will be hit before this market really tanks for good.
While I expect this week to end up with a positive close, the FP (fake print) isn't likely to be hit until the next week, or even the week of option expiration. It's common for the gangsters to put in a low 2-3 weeks before OPX, and then squeeze all the bears into that 3rd Friday... making all those "puts" they purchased expire worthless. Time and time again, I've seen them steal money from the retail traders this way. The game never changes, nor does the means... only the price points and day to day movement does. They have too do that... so you won't catch on to them.
Days to look out for this month... June 1st, 6th, and 11th!
June 1st is the day that the "White Dragon Foundation" is officially scheduled to start operations (according to the latest from Benjamin Fulford), and could be a day that the evil cabal stage another 9/11 type event (or 3/11 event... saving the 9/11 event for this October, as I fully expect the largest stock market crash in history to happen later this year). Of course they would do this because the WDF is being formed on that day (the White Dragon Society was formally the Black Dragon Society, but I guess they changed their name to look more positive? Afterall, the Lone Ranger was white and the bad guys usually dress in black... except Johnny Cash of course, as I believe he was a "good guy" who commonly liked to give the Illuminati the bird! LOL).
Personally, I don't think it will happen on June the 1st as even though the members in the WDF would know that the "staged event" was a message from the evil cabal (George H. Bush, George W. Bush, Henry Kissinger, Dick Cheney, Bill Clinton, Hillary Clinton, George Soro's, Warren Buffet, David Rockefeller, Jay Rockefeller, etc..., including their slave puppets like Tim Giethner, Ben Bernanke, Nancy Peloski, and to some degree Obama... even though he's trying to leave the gangster gang), I don't think the mass public would understand the importance of the date... therefore it's unlikely to happen.
Why you ask? Because the Illuminati gangsters like to do bad things to the public on ritual dates... and I don't see anything ritual about June the 1st. That leads us to the next date... June 6th. Why that date? It's not likely too happen either, as I'm no the only person that has failed to understand the meaning of the Simpson episode with the nuclear bomb going off, and the interpretation of the clock. However, it's still possible that the hand on the clock pointing to the eleven and the hand between the 5 and 6, indicate "5 minutes until 6 o'clock.
This can further indicate May (the 5th month) the 6th, (already passed now, therefore incorrect), or June (the 6th month) the 5th (referring to "5 minutes until 6 o'clock)... which is coming up this week. It also could still be November (the 11th month) the 6th, which came last year with nothing happening, but also comes again this year. Again, I personally think that is all wrong too. (Note: what I discovered while doing the video is that June 11th could also be the date of another false flag).
Finally we have June the 11th, the day I expect something to happen...
Why you say? The 11th is a key number (and date) for the Illuminati, which is why they staged 9/11 on the eleventh of the month (and also because the emergency help number is 911). Of course most recently, they attacked Japan with the HAARP weapon (they being the gangster gang I listed above) on March the 11th. This date also has a lot of importance on the Astrology/Moon/Spiral Calendar (according to the most recent Spiral Date Chart of the month of June).
So, that leads me to believe that the next likely date for the gangsters to stage another false flag event is this June 11th, 2011 (notice the additional "11" in the year too... yeah, this year is very important to the evil thugs that rule this planet. Too bad their time of enslavement of the public is coming to an end next year... LOL). While I know that the 11th is on a weekend, and before option expiration, I wouldn't count on this opx being the usual bullish bear squeeze, making all the "puts" expire worthless. In fact, I'll be willing to go out on a limb and state that "if" we hit the 138.86 spy FP by Friday the 10th, then I fully expect a very bloody week starting on Monday, June 13th!
I'll be looking for massive "put" buying to show up in the "open interest" as the "Insiders" get short ahead of the coming stock market crash. While this one is likely to be quite large, the one coming this October should dwarf it in size. I fully expect the March 2009 low to be taken out before the end of 2012, as these gangsters causes all kinds of disasters (in the environment with their HAARP weapon, and in the stock market) too happen before they are finally removed from power... freeing all of humanity from the 8,000+ years of enslavement we've had!
On to the short term forecast...
I'm looking for the bull flag to play out Tuesday morning, taking us to the 1340 spx area. Then I expect the resistance to hold and the market to rollover the rest of the day. I'm not sure how low we go, but the 1300 area is my target. I believe the guys at Mr. TopStep were looking for 1296 on the ES, which is close to the 1300 SPX level. After that low is put in, I'm expecting a rally over the rest of the week and into the next week, taking us to the 138.86 spy FP level. I'm not sure if that's the final top, but it most certainly will be a target level that should be hit.
I'll be looking for a short position on Tuesday, and then I'll likely go long into June 11th. If the charts line up, and the FP is hit, then you're know what I'm doing next! This is all speculation of course, but that's what this blog is about... guessing! Don't fall in the trap of thinking that this market is going up forever and that this new high coming is the start of a new bull trend... it ain't happening! This is only one last attempt by the gangster thieves to get all the bears off the train before it leaves for "Dark Territory".
Rest assured, we are entering the beginnings of the first wave down of Primary Wave 3 (P3). While it's not here yet, it will be soon. This will be a taste of what is coming this Fall. While this Major Wave 1 down (inside of P3) should be very delicious to the bears, a feast awakes us when Major Wave 3 down (inside of P3 down) starts... which should resemble the 2008 crash, only worst!
If you are wondering why I keep stating "this October" (specifically, the week of October 23rd), it's not because that month is usually bearish, but simply because of the fact that the next Legatus meeting ends on the 23rd of this October. The last meeting ended this past May the 2nd... since then the market has dropped from 1370 spx to 1311 spx, and still hasn't bottomed yet. This group (made up of the evil Illuminati gangsters) controls policies and determines the direction of the stock market. The next turn date is October 23rd... and it will be the worst in history I believe.
So what happens next week is a tough call. Everything still looks very bearish, but the market still hasn't broken major support on most all charts. It could break up and squeeze the bears one more time, or fool the bulls and break down through support.
If this were strictly based on the charts, the market would tank next week. But we all know that's not the only thing to consider. We have too add in the "manipulation factor"... meaning, "What do the Gangsters have planned?" You'll notice that I never mentioned anything recently about the bogus "End of the World Rapture News" recently. Why? Because it was on "Main Stream Media"... meaning that it was put out by the gangsters to mislead the sheep. Therefore, I knew it wouldn't happen, and never spoke of it.
Now that we all survived the "Fake Rapture", we have to move on and live another day.
Looking at all the charts, the dollar, silver, gold, banking, etc... they all are screaming "more downside coming"! I'm not saying that we are going to crash, but I do see the market breaking the major support line this coming week. I think we will take out the previous low of 1318 by this Friday, and then the market can rally the following week.
We should get a bounce on Monday or Tuesday, and then head down into Friday. Since the market sold off nicely this past Friday, you could expect a little more selling into Monday morning. I'm not sure if it will continue throughout the entire day and let it have a relief rally on Tuesday, or if the relief rally starts in the afternoon on Monday and continues into Tuesday, but either way I'll be looking to get short again early in the week.
The only wildcard is if the market goes against the charts and gaps up out of the resistance zone and clears the 1350 spx level with strength. There is an "inverted head and shoulders" pattern on the 60 minute chart of the spx, but I'm not sure how far it can go... if it even plays out at all? The dollar is looking like it's putting in a bull flag, which will really hurt the chances of a big rally on the market.
Plus, the banking etf XLF is extremely bearish right now, with no signs of turning back up. Silver is looking bullish on the daily, but not the weekly. It is forming a bear flag, while the daily is just trading sideways while the MACD histogram bars are moving up fast toward the zero level from oversold sold territory. The dollar rally has really hurt commodities, and I think silver will fall down again once the histogram bars reach the zero level and roll back over (if they make it up there at all?).
Common Monthly turn dates are the 25th-27th...
There is also the fact that option expiration week is over and many times the market sells off after it ends, as a new month starts and traders need to hedge their long positions. This is why the 25th-27th of every month seems too be a turning point. If I had to guess, I'd say that we will break the major support area on Monday, backtest it on Tuesday and into Wednesday, and then fall into a wave 3 down into Friday. This seems common from past months. Of course I don't know how low we go, as I haven't seen any FP's lately, but we should easily take out the 1318 spx level at the very minimum.
After this coming week is over, I'll be looking at the long side. I think they will push it back up in June to fool the bears. How high is unknown of course, but I still think we will make new highs before this market really crashes this October. We still have the 138.86 FP on the SPY that has too be hit, and June or even July looks like the likely month that it will reach it.
However, until I see the breakdown of the major support line, I'll sit in cash. I don't want to be caught in a bear squeeze should the gangsters decide to rally up in that 5th wave come Monday morning. That would fool a lot of bears... and probably some bulls too?
Thursday should be interesting, as the market could either sell off hard and put in a new low, or just chop around until Friday when the overbought charts get reset and allow the bull trend to continue.
That's a hard one to answer, as this Friday is option expiration and the gangsters always pin the market at a level that they pay out the least amount of money to put and call holders. So which are there more of, and at what strike price? I just can't answer that question unfortunately.
Looking at the open interest on the SPY, the 135 strike price has 156,385 call contracts and 145,187 put contracts, while the 134 strike price has 117,086 call contracts and 136,778 put contracts. This leads me to believe that they will pin the market somewhere between those two levels. Of course that doesn't mean that we couldn't sell off hard on Thursday and then rally back up half the way on Friday, as that could be the best choice of action for the gangsters to do.
All the short term charts are overbought (except the 60, which could go a little higher), and should roll over tomorrow. But, that doesn't mean the market has too sell off. The charts could dip down and reset themselves while the market trades sideways or pulls back slightly. This would be a bull flag and allow another push up late in the day or Friday.
Not all is rosy for the bulls!
The bears still have hope as long as the bulls don't breakthrough the downward sloping trendline connecting the May 2nd high of 137.12 spy to the May 10th high of 136.11... which should be around the 135.10 spy level tomorrow. That would be the ideal place to get short if they gap the market up tomorrow morning.
But if they gap over it they could force a short squeeze from everyone who placed their stops just above the May 12th high around the same 135 level. Personally, I don't think it will happen. The short term charts seem too extended right now. Plus, the volume up today was very weak. I think the bears will be well rested and ready to defend that line against a bunch of very tired bulls.
The bottom line...
I'm looking to get short tomorrow on any gap up or flat open (with signs of weakness). I do think that they will reach the downward sloping trendline though. The move up was a solid, but slow grind higher. I expect "pop and drop" tomorrow. Maybe some good jobs data for the "pop" (to get the retail traders long), and then a drop on the technicals (as the smart money can read the charts)... and then a flat to up Friday to close out the week. After that... who knows?
Dominique Strauss-Kahn, the head of the IMF, was arrested last week because he was trying to steal the American people’s Social Security money to finance the Euro, according to Rothschild family sources. The charge of rape against him was almost certainly a case of entrapment by a female agent although I am sure no proof of this will ever be found. The next phase in the battle against the high level financial gangsters is expected to target Goldman Sachs and Morgan Stanley but, the closing of these criminal enterprises will only mark an intermediate phase in the battle against the criminal elements concentrated in the central banks of the West, according to White Dragon Society sources. The end result is certain to be a historical change of the sort not seen for thousands of years, if ever.
End Quote<<<
Looks like the rats are getting caught in the mouse trap. Maybe the cheese was too sweet to pass up? Who's knows how hot that female agent was? LOL Now let's see if this rat will "rat" on the other rats?
What's next? Will we resume the uptrend or break the current support and put in another RED week? That's a tough one to answer of course, so I'll just cover both cases and see which on plays out.
On the Bullish Side:
The move up from the 1250 spx area back in March of 2010 could be viewed as a 5 wave pattern move... meaning one more move up is possible. The last 2 weeks could be a wave 4 pattern, that is also making a "continuation triangle" as well. If so, then it could breakout to the upside next week and turn the daily and weekly charts back up. This would then be the move toward the FP on the SPY of 138.86 that still isn't hit yet. That's about 1388 SPX.
This triangle that has been forming is similar to the one formed back around mid-February to the first week of March. That triangle pattern finally broke down and put in our 1250 low a week later. However, most triangle patterns are continuation patterns. Since the market has been going up since that low, you would expect this triangle to break up... not down like the previous one. Also, the market rarely does the same move twice.
On the Bearish Side:
The current triangle has almost the same bearish MACD, Histogram Bars, Full and Slow Stochastics, and RSI reading. Plus, the Dollar has broken out of it's falling wedge and is very bullish right now. Since it goes opposite the market, if it rallies, the market will continue to sell off. While the daily chart on the dollar is getting a little over bought, the weekly is pointing straight up.
There are other factors as well to consider. The recent crash in the commodities market... especially Silver. This was all planned by the Illuminati Gangsters, as JP Morgan was about to get called to deliver physical Silver it doesn't have. The key level was $50.00 per ounce, and since these thugs are part of the government, they orchestrated the whole thing so the wouldn't be called out to deliver Silver they didn't have.
This was all told to Lindsey Williams by the elite gangsters as he reveals it in this interview below. Silver did bounce off the long term support line from the last several years (on the daily chart, and weekly), but I'm not sure if these gangsters need to take it lower or if they were able to exit all their positions now? If they still have a ton of shorts left, then Silver could break that support level and head lower.
In fact, the low on Thursday last week did break the trendline, but they rallied it back up on Friday to close just one it I believe. I suspect that JP Morgan still has a lot more Silver shorts to unload, so I believe it will continue down next week. This means the dollar will likely continue to rally and the stock market will continue to sell off.
There is also the fact that the market did turn down after the recent Legatus meeting concluded on May 2nd a few weeks ago. Everything tells me that this market will go down next week, not up. While I don't want to bury my head in the sand and not look at both sides, the bearish side out weighs the bullish side right now.
Thinking like a gangster here... I believe they want the market lower this month, so they can announce QE3 in June and rally it back up with more of our taxpayer money (stolen from us, as we don't have any say so in the matter it seems). The evil thugs want to get in at a better price level then the current one I suspect. Silver could go to the 200 ma around $28 right now, or even to the $26 level from January of this year. Below that there is a gap that needs filled from mid-November of 2010... so yeah, the odds favor more downside in the overall stock market.
Short term, what do I expect?
Monday should be the most bullish day of the week, but could sell of a little in the morning first... then rally back the rest of the day. However, I really expect a flat open and a slow grind up. The 1353 spx area is going to be some tough resistance, as it's where the downward sloping trendline intersects at in the triangle pattern that the market is currently still in.
They could trade it in a tight range all day and leave everyone guessing on Tuesday? Will it breakout to the upside then, or gap down out of the triangle? If this market wasn't so manipulated and controlled, the answer would be simple... Gap Down! But you can never underestimate the minds of gangsters! They could turn this charts back up with POMO money and have them all reset by the end of the week. Total Bullsh@t... yeah, I know it! But don't overlook it just because 90% of the charts are bearish.
While I don't know how they could continue to sell off silver, let the dollar rally continue, stop the bleeding in the financial's, and then stage a rally in the stock market at the same time... we've all seen stranger things happen! And that is the very reason that I'm in cash right now... because I just don't know what the gangsters got planned for Monday?
I'll be looking to get short sometime next week, but I need to see the charts get overbought again first. It could happen on Monday or later in the week... I just don't know yet? But if all goes a planned (meaning the charts work as expected), we should see a much bigger RED candle on the weekly chart this Friday. Also, keep in mind that we have another FOMC meeting this Wednesday... meaning that we could just get a lot of chop until after "The Bearded One" speaks at 2:00-2:30 pm.
All the short term charts point to one nasty Wave 3 possible for tomorrow. Will the gangsters that control the market allow it to happen... or do they want it to happen? Since the April 30th to May 2nd Legatus meeting ended, the market has been selling off hard. In fact, we actually did crash in the Silver market... what's next?
Red
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Yes, the Elite Gangster Illuminati Cabal members in Washington, DC are planning the reason for America to go to war. What will the event be? I don't know, but next week has a lot of symbolism and ritual dates in it! So, is this Illuminati Card next? (Staged of course.... just like all the events and wars of the last 150 years or more)
Hard too say what George H. Bush, Henry Kissinger, Dick Cheney, David Rockefeller, George W. Bush, Bill Clinton, Hillary Clinton, Jay Rockefeller, George Soro's, Warren Buffet, and the rest of the gangsters have in mind. Obama wants it too, as his rating are at an all time low right now. What better time then now to say Osama (real name... Tim Osman) was killed, as "if" they go to war from another False Flag Attack, he will be a hero for saving us sheep!
Below I want to share with you an email I got from a newsletter that I subscribe to... just in case you thought I was nuts. We'll, even if I am... I'm not alone!
Start Quote>>>>
Joel Bowman, briefly, from Manhattan, New York...
Almost a week has passed since Osama bin Laden, America's biggest, baddest boogeyman, got his long-coming bullet. The Internet this week was awash with conjecture and conspiracy theory. Was he actually killed and, if so, when? What were the circumstances surrounding his death and burial? Is he alive? The list goes on.
We've seen plenty of flag waving and fist pumping from the "Mission Accomplished" crowd. But what, really, has been achieved here? Do you feel safer this week than last, after being told that bin Laden is gone and the US government has the situation is under (increasing) control(s)?
We offer this weekend a slightly different perspective from guest editor, Gary D. Barnett. You may not agree with many (or even any) of his views but, at this point in time, when so much hangs in the balance, it pays to keep an open and informed mind. Please enjoy...
In Death Osama bin Laden Causes Another War
Gary D. Barnett
There has never been such an opportunity for the US government to stage a false flag event in order to start yet another war as there is today. The set up is obvious to libertarians and some sane others, but it eludes most all Americans who are busy dancing in the street after the so-called killing of Osama bin Laden.
Consider the timing of this attack by US Navy SEALs, and then consider recent events. First, the economy is in shambles, unemployment is sky high, price inflation is excessive, and the US military has been bombing civilians in an attempt to assassinate Gaddafi, including murdering innocent little children. Our money is being destroyed before our eyes. The wars are not going well for the ruling elite, and Obama's ratings are horribly low at the beginning of his presidential crusade. One very important factor is that criticism of these wars has been growing at an accelerated pace. Hatred of the insidious TSA is also becoming much more evident. While civil liberty destruction is still rampant, it is being questioned more often, and with increased intensity.
What better reason then for an event to solidify the masses, and put them on guard for the now coming "terrorist" attacks due to the death of bin Laden. This stone kills a lot of birds it seems, and in my opinion this is no coincidence. In a matter of a few hours, the serfs were in the streets carrying flags, and screaming "God bless the USA." All the media was abuzz with fervent displays of renewed patriotism.
But what came next should have been expected. We were told that the scourge of the east was dead. One would think that the head of the monster had been forever severed, and that the war would end, but that would not be the case. The politicians and talking heads in the media immediately went on the offensive, and stated that we should be even more vigilant in the war on terror because there will be more attacks due to bin Laden's death.
Hillary Clinton began her talk by praising the troops for their "courage and commitment." Yes, the troops had once again become our saviors, literally pulling us from the mouth of the beast. In her next statement she strongly exclaimed "we will continue taking the fight to al Qaeda and their Taliban allies." She next talked about even more massive interference and imperialistic goals. "All over the world we will press forward, bolstering our partnerships, strengthening our networks, investing in a positive vision of peace and progress, and relentlessly pursuing the murderers who target innocent people." (Emphasis added) Really! The US killing machine is going after all those who target innocent people, and all over the planet? That is hypocrisy beyond understanding.
These events are shaping future foreign policy, and the window of opportunity in my opinion is short. All that is necessary is to rally the sheep around the flag, and that was accomplished by the charade in Pakistan.
Police in some areas have already increased security measures, and intelligence gathering has intensified. In New York, more police have been sent to patrol subways, airports, and bridges. This is just the beginning. More fear has been instilled in the minds of Americans once again, and conditions are ripe for a false flag event staged by those who would gain power and money with more war. Certainly, Obama has an obvious incentive to be the protector of the country given his current presidential run. But many others stand to gain from such an event as well.
All that is now necessary to prosecute the next war by the US Empire is an attack or threat of an attack. Whether manufactured by our own government or not, that event would serve as the lynchpin of yet more US aggression. Aggression not just against those in far away lands, but aggression here at home aimed at our liberty and our freedom.
Nothing is what it seems, and the risk to us all is great. Much scrutiny should be evident concerning anything coming out of Washington D.C. or the mainstream media. Lies abound, but this set up is obvious, and is staring us square in the face. Believing otherwise is foolish as far as I'm concerned, and this is no time for gullibility or flag waving.
What the triggering event will be is not easy to discern, but whatever it is will be obvious once it occurs. Any event that heightens the terror alert or brings calls for retaliation should be examined carefully. It could be a downed airliner, an attack on a US embassy, a bomb inside our borders, or any number of other things. Regardless of the type of aggression, take heed, and don't assume anything. The government lies continuously, and any attack is in this government's, its military, and its corporate partner's best interests.
I understand that many are afraid, but we should not fear any foreign invader. We should only fear our own government because the threat will come from within. We are in a very precarious situation, but because this new threat is so conspicuous, we should be able to see it coming. We are moving inexorably toward the next false flag, but this time even more could be at stake. Nothing should be taken for granted, and none should be surprised by anything that happens.
The monster of the east is gone, but the beast that is the US government is alive and well, and planning chaos. Our eyes should be open and our minds clear, for what is coming is vile. War is criminal and it is unholy, and our government is planning even more aggression. This bin Laden farce is evidence enough. Those who purposely cause and wage war, and do so to gain money and power, are savage, depraved, and evil. But those who applaud the murdering of others in the name of false defense are the enablers. Without the consent of the people, the government would be forced to stand down. It is time to stand up and stop this insanity!
Naturally the common people don't want war... Voice or no voice, the people can always be brought to the bidding of the leaders... All you have to do is to tell them they are being attacked and denounce the pacifists for lack of patriotism.
~ Herman Goering
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So what's next you ask?
Are we going to crash the stock market? Yes, but probably not until later this year after the next Legatus meeting in October. For now, we are just having a correction I believe. While the market is looking like it wants to tank right now, as Friday's close was really ugly, there is still the possibility that we will go up one more time and hit the SPY FP of 138.86 before the correction in May really starts.
If not, then we could continue this down move next week... especially if Wednesday 5-11-11 has another "Staged Event" happen. It is an important number to the Illuminati, just like when they attacked Japan with HAARP (and/or nuclear bombs planted by US Sub's along the fault line) on 3-11-11. They seem to like odd months I believe, which leaves this Wednesday and the coming 7-11-11 open for something bad too happen.
If the market simply bounces up to form a wave 2 up, then it could easily be over by this Wednesday, and a nasty wave 3 down could start. However, technically we already had a 61.8% wave 2 retracement up on Friday. That means wave 3 down could start on Monday. This all assumes that the FP on SPY won't be hit until later this year. But, if they plan on hitting it first, then we could go up all of next week to hit it... which would mean that nothing bad would likely happen on 5-11-11 (unless it's something that doesn't effect the stock market?).
Of course I guess there is the slim possibility that the market will go up to the FP by Wednesday, and then some event happens and crashes the market? That seems highly unlikely as the FP level is quite far away right now, and it doesn't seem possible that the market could rally that far in such a short amount of time. But, nothing surprises me in this rigged, controlled and highly manipulated stock market that we all gamble in.
Or maybe it takes all week and then they play this Illuminati Card?
Hmmm, there are so many things that could happen, it's hard too figure out what the gangsters are planned next. Who would have thought that they would crash the silver market last week? Ben Bernanke goes on TV and says that commodities will correct soon, and "Bam"... silver crashes! Tell me that was planned and manipulated! I'm not sure when they will play this card, but this Friday is the 13th... so beware!
Last week looked a lot like the last week of April 2010... just before the "Flash Crash" week! Could it happen again this week? I think it could, and quite possibly will. You have a "now confirmed" sell off after the end of the Legatus meeting April 30th-May 2nd, you have another important ritual date of 5-11-11, as well as very bearish charts across the board. But the most telling sign is the possible "False Flag" event that could be staged this week... as the wildcard release of the death of Bin Laden is likely a warning that the gangsters in the White House plan to start WW3 soon. That means they have to kill some American's and blame it on someone else in the middle east to get the clueless sheep to rally behind attacking some innocent country.
Sad but true... if only the American sheep would wake up and see the truth! American is full of great, kind, giving, and compassionate people... but they still believe all the Bullsh*t on the Main Stream Media! Maybe we need "The Great Depression Two" as if people can't afford their Television bill maybe they will wake up from the brainwashing that it has done to them and finally see the truth. Only then can we all stand together and arrest this gangsters and free American of the enslavement we have been in for years now.
So to put it simply, next week could be a Blood Bath in the Stock Market... especially if we have another False Flag Event! Everything points to more selling next week, even if we don't have anything bad. All the charts are bearish. While it's possible that they could turn them back up and resume the march higher to the FP on the SPY of 138.86, it seems unlikely. And while the bearish patterns aren't confirmed yet, I believe they will be this week.
I'm looking for a move up on Monday and/or Tuesday, but after that I think we will resume the selling. Technically, we really don't have too rally up any next week as we did have our 61.8% retracement on Friday... so don't forget that. I'm just unsure if that was "it", or if they will rally some Monday to shake out some more bears. Remember, we are in the early stages of the selling, and the "fear" really hasn't come back into the market yet. There should be "dip buyers" come in and try to resume the uptrend. I just think it will fail and roll back down later in the week, and close it will another red bar.
Good Hunting Bears!
Red
P.S. Interesting stuff on when Bin Laden really died...
Max Igan - Radio Skidrow - Bin Laden & Fracking - 05/03/11 - 1/2
Crash alert! The Non-Farm Payroll Report could crash the market. If it's viewed positive, then we should rally and everything will be ok until next week. If it's really bad, then look out below!
The market isn't bouncing like I thought it would, and the daily chart is turning down hard. This all increases the odds of a stock market crash happening by the end of this week or even into next week.
There is the erie feeling that the release of the death of Tim Osman (aka... Osama Bin Laden) who has been dead since 2002 and put on ice until such time that the release would benefit the gangsters was done at this time period for a reason. It smells of distraction too me! Do they plan to pull a fast one and do another "Flash Crash" while the media is focused on something else? Let's also not forget that the Legatus meeting is over now, and a turn in the market did indeed start this week. So how far will they take it down is the question?
Will it just be a small pull back and another run higher to the FP on SPY of 138.86, or is that something that won't be hit until later this year... meaning that a top is current in on the market right now. I'm starting to lean toward a much larger sell off over the next few days, as things just don't feel right. It seems everyone is looking for another push higher right now, as we did backtest the breakout level from the inverted head and shoulders pattern today. I also see that the measured move up from a successful breakout on that pattern should push the market up to the 1440 spx area.
But, what if the breakout was a "fakeout"?
Yes, it's looking a lot like we will continue down tomorrow and Friday too I believe. The angle that the daily chart is rolling over at is very steep, and it's not looking like it's going to stay above the zero line on the MACD and Histogram Bars. This spells major trouble for the bulls. I think a lot of bulls are going to get trapped long tomorrow when the short term charts get quickly overbought and roll over into another wave down.
Even the die hard bears might be sleeping and not see this move coming. I think that the bears are now looking to exit any shorts that they had and are expecting a big bounce from this support area that the market is current in right now. However, the problem is that the short term charts are moving up fast from oversold territory and will become overbought early tomorrow morning. Not good for bulls if they want to stage a rally at this level. I just don't see it going very far right now.
The bottom line... we could have another Flash Crash!
Once the 30 and 60 minute charts peak and get overbought tomorrow, they should roll over with a vengeance and have the daily pushing them down hard and fast too. This makes for a "Wave 3 or C" in Elliottwave theory. I just can't see a the market overcoming this chart conditions, as well as the fact that the dollar and vix are now breaking out to the upside as well... which trade inverse the market.
For now, I think the SPY FP is out of the question and the short term top is in. Maybe later this year the FP will be hit, but right now I think the trend is down. I don't know how far down they are going to take this, but it should clearly make the inverse head and shoulders pattern breakout a "Failure". This should happen tomorrow I believe, and most likely the rally will end early in the morning and we should rollover into the afternoon and close. We might not make it even the first hour? Hard too say for sure, but the 60 minute chart is moving up very fast. It will be overbought in the morning session tomorrow. The 30 minute chart is already above the zero level and could rollover at anytime.
So, the ABC move that I was looking for today should now happen Thursday morning. I think we already started the A leg and possibly the B leg into the close Wednesday. That leaves the C leg up tomorrow and then she rolls back down hard into either a wave 3 or C... nasty, either way! The charts don't lie, and right now they are very bearish. Yes, the charts can be (and are) manipulated by the wallstreet gangsters, but they don't seem to want the market to rally right now. Get ready for a surprise gang, as I think a lot of bears will miss this move.
There are many things going on that "could" lead to another big sell off coming. There is the Simpson's video where the clock with one hand on the "eleven" and the other hand between the 5 and 6... which could mean "5 minutes until 6 o'clock", or 5-6... as in May the 6th. We have yet to figure this one out, but the possibility of this episode meaning something, and telling us sheep of the up coming disaster is very strong. The question is... "how do we interpret the video"?
The next thing of major concern is the Legatus meeting over the weekend. Reinhardt is the person who discovered that the gangsters would meet through this fake Catholic organization and make changes that would determine where the economy (and the stock market) would head to next. He correctly predict the stock market crash of 2008 based on when these meeting were held. Basically, the gangsters meet and funnel all their stolen money (from us sheep) through secret bank accounts in the Vatican (the root of all evil on this planet), and then once the checks have cleared they debase the stock market.
Not every Legatus Meeting is a turning point!
Well, the last few meeting haven't produced any real change in the stock market, but I personally feel that we are now long over due for a surprise crash. Everyone is now bullish, expecting the market to rise to 1430-1440 area for the completion of the inverted head and shoulders pattern. What if we only go up to the FP level on the SPY of 138.86 (about 1388 spx), and then roll over hard... or crash? All the dip buyers would be expecting the market to go up to the 1400+ level and would continue to buy from the gangsters as they unload their long positions into the unsuspecting retail bulls.
I see many people that were bearish now switching to bullish. Ron Walker of the chart pattern trader now has a bullish count on the market, with much higher highs forecasted. I respect him a lot, but I don't agree with his bullish count. I have been bullish for awhile now, as I still think we will hit the FP on SPY before selling off. However, I've been wrong on the expected breaking of the rising wedge as the market continues to defy gravity... day in, and day out. This just goes to show you how hard it is to forecast a rigged market.
My feelings are that we will sell off a little on Monday, in the morning session, and then rally back up as dip sticks (err... dip buyers) come in and push us up toward the FP level on the SPY. Whether we hit it on Monday or later in the week is unknown? I thought we might hit it on Friday as that was 4-29 (by speculating that the volume on the FP of 4,290 shares was a code for the insiders that the date it would be hit was 4-29), but that failed to happen. So, we wait until it is hit to make re-assessments of the market.
Not every FP is a turning point!
I seen the FP of DIA 118.16 get hit, but it wasn't the turning point. Instead, the market just sold off for one day and then continued higher. We could have the same thing happen here with the SPY FP... as it could be hit, but the market might only "pause" and then continue higher. While I don't think that will happen, we can't rule it out either. Also, the odds of another flash crash happening on the same day as last year are extremely rare. That doesn't mean it can't happen, as these gangsters are on their last leg right now, and it truly would surprise the most people if it was repeated.
For now, I'm just looking for the SPY FP to be hit and then see if the market looks ready to tank or not. Monday should be a bullish day, but I still think we will drop in the morning session. I've been wrong on that all of last week, but we've started a new week now, so things could be different. I've noticed that when they want to trap the bears they tend to keep the market up until the last day of the week. Maybe that's because we have weekly options now, and they want to make the puts expire worthless? I don't know the reason, but it happens a lot.
Then they sell it off early then next week not allowing the bears to profit, as very few bears are brave enough to go short over the weekend. That would of course allow them to reset the overbought charts and give them the juice needed to go back up higher later in the week. I've seen this happen several times lately... maybe it will happen this week too?
>>>>>>>>> I'm going to cut this post short, as I need to help Anna with some technical issues.
I'm looking for a small red day tomorrow. I think the rising wedge will breakdown and we will form a channel. I don't think we will go past the 1340-1345 spx area, as that's strong support now. I also expect the POMO money, (and the light volume on a Friday) to keep the market from closing too far down. By the end of the day I expect it to rally back up to about flat, or slightly down. If by some miracle we go up the the spy FP of 138.86, then I'll go short... but otherwise I'm sitting out until next week.
Looks like we are now on our way up to the SPY FP of 138.86... but will we hit it this Friday? Who knows? Anything is possible with Bernanke at the helm (of the Titanic of course). As for tomorrow, my best guess would be a spinning top doji day. It could be a little up or down, but if all goes as planned... Friday will go up to the FP. If not, then it might get pushed out until "Bullish Monday". However, the gangsters are having another meeting at the Legatus conference over the weekend. This could be a big turning point in the market? Hard too say right now, but we'll know more by this Friday.
Expecting a wild day tomorrow. Something will be announced by the Fed's at 12:30 pm, which could produce a sell off. But the 2:15 FOMC minutes will likely rally the market back up into the close. All in all... expect the unexpected!
Red
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With the strong moves up last week, it certainly looks like they plan on hitting the spy fp... but will they do it by April 29th? Or, did I interpret the FP wrong and the volume of 4,290 shares simply meaning nothing? Only time will tell I guess...
While they fooled me on Monday, with the bogus timed release of the news that they "may?" downgrade the S&P500, the rest of the week was Bullish as expected. In fact, it was too bullish in my book! Gapping up huge 2 days in a row spells trouble for the bulls I believe. It's just not sustainable at that kind of accelerated rate. Burning a flame that hot will only make it burn out much faster! Those moves up looked like one big bear squeeze too me... so what's next, more of the same?
Well, since the fake out on Monday caught many bears off guard, it's not likely to have filled the boat with them going into Tuesday of last week. Just guessing of course, but I'd say that all the bears that got short Monday are now squeezed out. The relentless b.s. move up the rest of the week threw those bears overboard I'd bet. Meaning, I'm not expecting much more upside immediately, without more bears to squeeze.
And since they will be a ton of bears waiting to get short around the 1340-1345 area, I don't think the gangsters can get through it that easily next week. That means they must sneak around behind the bears in the afterhours and premarket sessions by gapping over that area. But what news could justify such a gap? Nothing! But that doesn't stop the gangsters, as they can make something up later... after the gap.
April 24th, 2010... What Happened Afterwards?
However, with the short term charts all overbought and pointing down, I suspect this gap won't happen on Monday. They need to reset the charts, which means it will likely be pushed out until later in the week... if they still plan on going up to the FP? There's no way of knowing if the date is 04-29-2011 as I guessed? It could be later in the year, and the volume could mean nothing. This would leave the door open for a pull back next week, and then another lunge higher in May or June. Remember, the POMO doesn't end until late June.
Ok, so if I were a gangster and I wanted to steal the sheeps' money, I wouldn't let them get short by gapping up into a wall of bears Monday morning. And since the short term charts can't sustain a "gap and go" move, any gap over the resistance zone has a very high chance of failing. This means that the bears would jump on board fiercely at that level and profit nicely from the drop that will follow. Since the gangsters don't want the bears to make an money (as that would be stealing it from them... the professional thieves), that should lead them to Plan B... a Monday sell off without letting bears get short!
Yes, if I were a thief like the wallstreet thugs, I'd do another gap down on Monday to reset the charts for another move higher later in the week... just like they did last Monday! It's perfect actually, as then they could put in another right shoulder, break the rising wedge, get more bears on board at the bottom, and use them to fuel another short squeeze past the overhead resistance zone. Bingo! The perfect evil plan...
Let's not forget that the daily charts are still pointing up, and a one day sell off isn't likely to do much harm to them. Yes, yes, they could roll over at anytime... but that doesn't mean they will. They will support a move up to the FP on SPY, and I'd really like to see them get this final top out of the way as soon as possible. I don't want this thing dragging out until June or July. Let's get it over with now, so the fun can begin!
For once, I'd like to see the "sell in May, and go away" saying actually work! Let it be a bullish April and very bearish May... don't you agree? After all, April is almost done... so give us bears the entire month of May to take this beast down. Or, just sell off on Monday and don't look back... meaning, let's go ahead and start wave 3 down! I don't think that's going to happen of course, but it is possible (wishful thinking here).
April 25th, 2011... Will This Time Be Different?
Since gangsters are still in control of this manipulated market, and since they told us the upside target with the spy fp, I have too lean bullish... but only after a sell off on Monday. I'm thinking they will go down Monday to put in another right shoulder, but a higher low then the previous one. This should give them another chance to push up again later this week. The other possibility is that they sell off on Monday and continue down, allowing the daily chart to roll over, and wave 3 down starts. I just don't think they will do it yet, but I've been fooled before so I wouldn't put it past them!
Also, there is one more possible move on Monday. While both of the above scenarios involve a gap down on Monday (or a flat open and selling most of the day), there is still the chance that they'll be nice and gap it up... allowing the bears to get short at the resistance zone of 1340-1345. Wouldn't that be nice of the gangsters? Of course I'd still expect it to sell off and end the day in the red. How far red is another story!
The short term charts do support a gap up, as they ended the day on Friday putting in a bull flag. And I'm sure every trader seen it and many went long into Monday I'd guess. But to me, it seems too obvious. A gap up would allow the bulls that went long Friday to close out their positions at the resistance zone for a nice profit, and allow the bears to get short at the same area for a nice move back down. What a perfect trade that is! Both bulls and bears would make money from the gangsters.
Now you tell me, do the gangsters usually make it that easy to spot? I've never seen it so obvious, as everyone will make a profit if it gaps up into resistance and gets slapped back down. I'm not 100% sure that it can't gap up and go, but the odds are clearly against it. All the short term charts are overbought and rolling over, making it very unlikely that any gap up will hold. And since I'm not the only trader that can see this in the charts, I'd say that there will be a ton of bears waiting in the resistance zone for a chance to get short at the top of a move... with high odds that it will be pushed down 10-20 points easily.
The Bull Train... Need I Say More?
I think back to other times in the past when I've seen them fall short of an area that all the bears are waiting at, not allowing them on board. The bears then chase the move back down and get short heavily at the bottom of it. Time and time again, I've seen this happen... it's what gives them the ability to have a big short squeeze. Other times I've seen them gap over a resistance zone to do a stop sweep and then reverse back down without any bears still in short positions... once again, stealing the little guys money.
This game has been played since the market first opened I'd imagine. While they still could do the later and gap it above the resistance zone and then sell off, I really doubt that will happen. Again, the short term charts just don't support that happening for Monday. That leaves me to one conclusion... Monday is very likely to close down. Whether it gaps up and falls back down, open flat and sells off all day, or gaps down and closes red... the end result is the same, "A Red Monday".
The "how much" part is the tough one. I'd like to see a move down to gap window from Tuesdays move, (around 1320 spx), as that would make a higher low and a second right shoulder... still allowing the rest of the week to rally back up. Now I'm not a bull, as you all know that, but I'd just like to see them get the spy fp out of the way as soon as possible. Since the daily chart can still go up more this week, I'd like to see it happen while it's still pointing up. Once the daily rolls back down we should see a bear feast I believe.
Basically, I'd like to see a repeat of last week... a nice fake out move down on Monday, and a rally up the rest of the week, hitting the spy fp by Friday. Will it happen like that? I doubt it, but it's possible... even if only a little bit possible. A much shallower move down on Monday would certainly support a move up to the FP by Friday. Maybe it will only drop 5-10 points on Monday, and the rest of the week is more of the same Bullish@t from last week... gap up after gap up, on fake news and made up earnings. Anything is possible in the matrix we live in!
Good luck everyone...
Red
P.S. I'm long the vix (vxn) from Friday... wish me luck too!
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.
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!
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.
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...
I'm not sure about Friday, as opx day's are usually bullish. While I think we will go down to the 130.67 spy FP level in the morning, the close could be pinned between 131 and 132 because it's the area that the market makers have too pay out the least amount to both put and call holders.
We should tank hard tomorrow. Possible gap up to the 132.50 spy FP, but don't count on it. Any gap up should quickly fail, and is a great shorting opportunity.
I still see more selling before a decent bounce. While I think we could go up to the 132.50 spy FP tomorrow morning I think tomorrow will close down again. Then a bounce on Thursday and Friday I believe.
I not sure which, as it really depends on whether or not the insane Federal Reserve Board Cabal uses their weapons of mass destruction on Japan this Monday, April 11th, 2011? Yes, the gangsters haven't given up... even after Japan gave them $60 Trillion Yen last week! Talk about evil... these people are inhuman!
What am I talking about? The latest update from Ben Fulford states that Rockefeller, Bush, Kissinger, and the rest of the Reptilian worshipers (or Reptilian's themselves?), now plan to use some space based weapons from the Ronald Reagan "Star Wars" era to destroy Japan once and for all. Here's the complete unedited post from Ben on April 9th, 2011...
Federal Reserve Board crime syndicate now threatening Japan with Reagan era “star wars” space based weapons
As the United States Corporate government heads for bankruptcy, the oligarchs running it are now threatening to attack Japan with space-based “star wars” weaponry put into orbit during the Reagan era.
The threats came in the form of e-mails entitled “HAARP will not be silent.” This came after the HAARP facility in Alaska went offline. The blue lights seen during the April 7th earthquake that hit Miyagi prefecture may be a sign the weapons are already being used. Other warnings indicate April 11 or 411 may be a likely day of attack. The allies of the White Dragon are hereby requested to destroy or decommission this space-based weaponry before more innocent people are killed by the criminal cabal still running the United States. The threats are escalating because of the increasingly dire financial situation facing the bankrupt-in-all-but-name US corporate government. These massive corporate debts are not owed by the American people and will be written off once the genocidal Nazi faction of the US military industrial complex steps aside and stops carrying out mass murder. The American people must be freed.
Attacking and threatening Japan is counter-productive because the Japanese people and government are not in a position to stop the US corporate bankruptcy no matter how much they wish they could.
We all know that the Illuminati love the number 11, 111, and 1111... or an combination of them, so this Monday is another possible date as it is 4-11-11. There will be many series of 11's this year as each month has an 11th day and we end the year with 11. Of course the biggest ritual date would be 11-11-11 later this year. For now though, we just have too make it through Monday.
In this interesting article it talks about the efforts that the aliens have done to stop the planned Armageddon that the Illuminati are still trying to make happen. As you obviously have figured out by now, a stock market crash that takes the market down to the lowest FP I have of 20.16 SPY (about Dow 2,000 and SPX 200) would certainly occur if these gangster succeed in sinking Japan... which would send a thousand foot tidal wave into California wiping out the entire west coast.
Again, I think they will fail. Of course they have back up plans to... like using HAARP (or planted nukes) on the fault line in California to sink it from an earthquake here in America if the Japan plan fails. One thing is for sure... we live in some crazy times right now! While I still think they plan to take the market higher to the 138.86 SPY FP before tanking it for good, if they lose control of this coming sell off, then all bets are off!
The market (and the world) is at a crossroads right now. All those reversal candles the last week or so, tell me that a downside move is coming next week. How deep we go is unknown? Maybe nothing bad happens on Monday and they just take the market down for a week or so, to put in a right shoulder?
Or, maybe even a little lower to the 200dma around 1200 spx over the coming month or two? While I would expect the market to bounce back up for awhile from the first hit of the moving average, without QE3 I don't think it would go back up to the FP on the SPY (about 1388 spx). That's what makes me think we will only put in a right shoulder and then go higher into the end of April.
The 50 dma is at 1312 spx right now and might be our downside target? It's too hard to forecast this market that far out as the gangsters will change the plan and rob the most amount of people possible. So, let's just stick with the short term first.
Monday is a tough call, but I think any rally up will be meet with selling. We may only get a retest of the broken support line and then more selling. While it's still possible for them to go back up to the 1339 high from Friday, the odds are against it. The market looks to be rolling over now, and we should continue down more next week before taking the current high out.
I would love to see Monday gap up so I could short it, but I just don't know if we'll get so lucky? A flat open and some choppy action early on is really what I'm expecting. Give the 60 and 30 minute charts some time to get overbought while the actual price level of the spy doesn't really go anywhere, and that would set up a nice sell off into the afternoon.
Will it work out like that? I wish I knew? We can only look at the possibilities and be prepared to place our bets once we see which one plays out? The short term charts could go either way on Monday... up or down? They aren't oversold yet, or overbought... that's why it's a tough call. Since they are pointing up, it's possible that they will try to continue that way... but again, I think any rallies are just good shorting opportunities for now.
To sum it up, I'm looking for another chance to get short on any morning rally with a move down to 1300-1312 if a right shoulder develops, or down to the 1200 area the selling gets out of hand. We'll just have too look at the volume to see if it looks "controlled" or "panicky"... as heavy volume would certainly indicate a deeper sell off.
While I can't tell you that the market is going to crash tomorrow, I'll just lay out some possible scenario's. Friday's and Monday's seem too be the day's that most large sell offs happen. Panic and fear set in, as the thought of holding long over the weekend scares a lot of traders into selling on Friday.
Of course Monday's are common big down days because the prior Friday was usually a shaky close, from a week of "indecision" in the market. This leaves us with another "unknown" for tomorrow. Will the market open flat, gap up or down? Let's explore what each one means and the possible outcomes.
A gap up over the recent high of 1339 would surely be bullish and I'd expect 1344 to be taken out, leaving a race for the FP on the SPY of 138.86 (about 1388 spx). But a weak gap up below 1339 would make me suspect that it is a final exhaustion gap, leaving the strong possibility that it will fail once again to take out 1339 and would likely sell off hard into the last halve of the day taking out the Thursday low of 1326.
A flat open would likely result in an early morning grind slowly toward the apex of the triangle the market created today. At some point it would have too breakout to the upside or downside. My guess is that would breakdown because of it being a Friday and I just can't see traders getting all excited enough to stage a big breakout on the long side with all the worry about the new earthquake in Japan. Who want's to hold long over a weekend with that kind of uncertainty? But maybe it does break up out of the triangle anyway, as it's not traders buying this market but the Skynet computer (which doesn't have emotions).
A gap down would be the most bearish I believe. While it should try to fill the gap (or some of it) during the open, it would be a great place to get short in my opinion. The likelihood of the market continuing to sell off the rest of the day would be very good. My downside first target would then be the 50dma around 1312 spx.
So, there are your 3 possible scenario's for Friday. Which one will it be? I wish I knew the answer, but I don't. However, most of the possibilities are bearish for Friday... which should be some good news for us bears. Let's not forget that Monday is 4-11-11, which is the date the Ben Fulford thinks the Illuminati gangsters will cause Mount Fujiyama Volcano to erupt and sink Japan. Let's hope that the recent payoff money of $60 Trillion Yen from Japan to the Federal Reverse Nazi Gangster Elite Illuminati members is enough to get them to turn off the HAARP beam pointed at the volcano right now.
Still looking for a new high, and Tuesday has a good chance of being the day we hit it. I'm thinking that it will be late into the day, probably after the FOMC meeting. I'm not expecting too much above the current high of 1344, and I believe it will be short lived. However, this still doesn't rule out the 138.86 SPY FP (about 1388 SPX), as that could still be hit if the market only drops down to but in a right shoulder for what looks like a possible "inverted head and shoulder" pattern. One day at a time...
Yes, as crazy as that sounds, Ben Fulford stated in his latest interview with Jeff Rense that Jay Rockefeller is currently pointing HAARP at the Mount Fujiyama Volcano to heat up the water and cause it to erupt on 4-11-2011 (another Illuminati ritual date)...
Another thing that points to 4-11-2011 is in the movie "Battle LA" where there is a scene showing that exact date as comets hit the earth. Here it is...
Also, my FP of 138.86 on the SPY had a volume of 4,290 shares, which could also be pointing to 4-11 as "4" equals the month and 2+9 = 11 for the date. Of course it could mean 4-29 too, but both dates should be watched closely... especially if the market rises and is approaching the FP level at that time.
Off subject for a second as I rant for a moment...
What a sick group of people that they truly want to sink Japan into the sea, killing millions of innocent people... for what? Power? Greed? Control? Don't these people every learn? You can't take any of that with you when you die, so why do you have too be so evil when you are alive? I just can't understand why people do the crazy things they do. Why all the violence and hate?
Ok, back to matter at hand. Clearly, the Illuminati want to keep us enslaved, and fear is their main weapon of choice. They know that we are all equal spiritually, but they don't want us to know that! It's all about control for them, and they must create wars to keep the whole "fear" illusion working. Of course they will profit from it too, which is why a stock market crash will happen. They need to rob us of all our property and possessions by acquiring it for pennies on the dollar. I want you to listen closely to this video below, as the Illuminati tell you their exact plans of what they have been doing to you and what they plan to continue doing.
Secret Covenant The Hidden Elite Are Not Hidden Anymore
If after listening to that video if you don't get upset and angry at these people then you truly are just a zombie like the way they want you too be! Personally, I pity them as they are so small minded and weak. They just are too blind to see that peace, love, giving and sharing are the answers... not hate.
Time is running out for these gangsters, but things could get very ugly as they lash out like a cornered animal that is trapped with no where to escape. This of course means that they will crash this stock market as their exit plan... blamed on some false flag event probably!
Will it be this April 11th, or April 29th... or even this coming September when the dwarf star Elenin comes between the Earth and the Sun? I really don't think it will last that long, but instead start the crash this month or early May. I just don't see the traders wanting to stay long into June when POMO ends. They will sell early... mark my words on that!
For short term though, next week should be a battle as the bulls and bears will be battling it out around this double top area. I do expect this rising wedge to break... probably Monday morning, but I also expect the dip stick bulls to buy the pullback creating another run up to probably backtest the broken trendline from the wedge.
In the past, we have seen anywhere from 1 week to 3 weeks that the market puts in a topping pattern. So I'm expecting some volatility next week, as the daily chart is still pushing up supporting the bulls. It will take a lot of "one day sell offs", followed by "quick rallies" to get it to rollover and produce a big move down. Even if the bears succeed, it might only go down low enough to form the right shoulder of a possible "inverted head and shoulders" pattern, not a Wave 3 (or C), as we've all been looking for.
So, Will The Market Crash On April 11th?
I really don't know, but my gut tells me NO. I don't think they have enough time to get up to the 138.86 spy FP before the 11th, as I expect a pullback in the market this week... meaning it will take more time to regain the ground they will lose this week, which pushes the time needed to hit the FP out until the end of April.
Of course "if" the evil gangsters succeed in causing Mount Fujiyama to erupt, and Japan sinks... then of course we will crash. I don't think that will happen though (or "I pray that doesn't happen"). Plus, it's not close enough to the end of POMO, which is this June. They will likely start selling late April, early May... (sell in May and go away).
For the near term, I'm looking for a sell off to either put in a lower low to form and ABC move down, or a higher low to put in an "inverted head and shoulders" pattern over the coming days/weeks. Then a rally up to the FP by then end of April for a final top in this Primary Wave 2 rally.
If it is an ABC, then I'm looking for the 200ma to be the low around 1200 spx. If it is an "inverted head and shoulders" pattern, then 1290 could be the low. It could dip lower of course, but some how I think it will be a "more shallow" right shoulder.
What Will Happen On Monday?
Since will are still in a rising wedge (barely... and debatable), and there were likely a bunch of bears that got short over the weekend expecting a crash on Monday, I'd say there will be a quick pop early on to backtest the broken trendline on the rising wedge, followed by a sell off into the close and Tuesday.
I'm not sure how it will play out, be the end result should be the same... a break of the wedge, a backtest of the wedge, and a sell off into the close. Possibly we gap down in the morning (a little) and rise back up in the morning for the backtest, and then rollover into the close. Remember... the game is to steal your money!
You don't really think they will take it straight down allowing you to make money as a bear do you? Of course not, they will trick you every step of the way. If you are not short, then I would just wait until the backtest happens then then get short. I know... you might be asking "what if it doesn't do a backtest"? That's possible, but unlikely when you are trying to make a double top.
If you are putting in a new high, then a backtest doesn't always happen. It will usually just reach a final point of exhaustion and then fall off a cliff. But, the market is currently trying to reach the 1344 spx old high. So, you should expect a second round of bulls to come in a buy the dip after the first attempt failed. "That's YOUR Backtest"!
When that second attempt fails, then you can expect a deeper retracement then just 10 points (like Friday's close). You should expect several days of selling to clear out the amateur bulls' stops', and to get enough bears onboard short for a big squeeze back up... that this time should take out the current high. Remember, I'm expecting the FP to be hit before the crash.
While I don't know the date of the final top, or the exact price level, I do believe the FP will be hit... which pushes the market up to at least that level. Again, it's only a target that I expect too be hit, not necessarily the point at which it rolls over. It "could be" that point, but no guarantees on that.
Let's not forget also that the upside target for the inverted head and shoulders pattern will like be around that FP level, (which correlates to about 1388 spx). Of course if we have an ABC move down, then it's going to take a "heck of a rally" to move back up to that level from a projected 1200 low. But, anything is possibly with these gangsters... so I won't rule it out just yet. Let's just stick to the coming week first, as they can change the game plan in a nano second if they want too!
Red
P.S. On another note... if you think Al Qaeda is "real", think again! They are a made up enemy by the CIA, as Alex Jones covers in this video below.
P.S.S. Here's another interesting link worth reading (http://www.gazette.com/articles/springs-115381-colorado-obama.html#ixzz1I7xbyb2H). It's seems awful odd how all these negative stories about Obama are popping up on Main Stream Media right now... don't you think? Hmmm... if I were a betting man, I'd say that the gangsters are trying to get rid of Obama. Why? Probably because of his attempts to save himself by trying to make a deal with the White Dragon Society that Ben Fulford talks about in the video at the top of this post. I bet they are trying to get another puppet (Hillary Clinton maybe?) they can control in office before the 2012 elections because they fear Ron Paul might win easily over Obama in the 2012 race, (and I don't think they control him). If I were them, I'd put in a Republican now so Ron Paul (because he's a Republican too) won't stand a chance to win against a newly seated candidate in his own party. Sorry Hillary, I guess you've been outst again... LOL! Probably by Newt Gingrich (another Illuminati puppet) I'd think.
The charts point to a rally tomorrow... which sounds crazy too me, but the gangsters control the non-farm payroll report data, so you should expect it to cause the market to rally. Yeah it sucks, but what do you expect from thieves? You know they are going to steal your money, so while logic says we should break the rising wedge and sell off... you know they won't let it happen. Maybe next week the Bears will get to feast?
But, I think we will dip down in the morning a little first, and then push up and close that SPY gap at 133.50, as well as hit the VIX FP of 17.25, and finally hit the double top on the DOW. Of course it's likely that we will have an intraday pierce of the current high of 12,391.25, but we should fail to close above it on the first attempt.
I was really expecting a gap up and crap move today, but the gangsters once again tricked us all with their monopoly money used to push this pile of bull crap up higher all day long. We all know that this thing is really going to collapse hard when the gangsters pull the POMO out this June (or sooner?), but I'm still expecting some type of decent move down before then.
Since the market is so close to a double top on the Dow, it should hit it before selling off. Anytime the market gets that close to a double top, it rarely doesn't hit it. In fact, most of the time it will pierce it slightly (to trap bulls into thinking it's a breakout), and then sell off for awhile. On the daily chart, we should see a multiple day sell off after hitting it. Then the next time it goes up to that level it will likely breakthrough for real.
Since we have until June with the POMO money manipulating the market up, we should expect the FP of 138.86 spy to be hit. It's not the guaranteed high of course, but instead just a target that "they" said they plan to take the market too... we could continue higher after hitting it, and pulling back? Remember what happen with the DIA 118.16 FP... we hit it, sold off for one day, and then pushed higher.
Meaning, we only know that "if" the FP is real, then we will probably hit that level well before June, as again... that's when the free money runs out! But for now, we should see some selling come very soon. Starting with tomorrow morning, as I fully expect the 60 and 30 minute charts to push this market down early on.
However, I've said that before and been surprised when the market rallied first (from the 15 and 5 minute charts), and didn't allow the 30 and 60 to go negative until later when all the charts lined up together pointing down. So, it's also possible that they could gap it up in the morning on those 2 shorter charts, at which point they would quickly get overbought.
Then we should see all 4 of them rollover and push the market down into the close. The daily is overbought too, but could go either way at this point. If the 60 and 30 push the market down hard, the daily will follow. The best thing the bears could hope for is a gap up tomorrow morning, as it's got extremely low odds of holding.
As for how far down we go... that's another story.
Kevin made a valid point that it looks like we are forming an "inverse Head and Shoulders" pattern on the daily chart. This means that the coming sell off could just put in the right shoulder of this H&S pattern, which would be a higher low then the 1249 spx low.
The other possibility is that we start a Wave 3 down, as many Elliottwave people see it. This would mean that the market would have too take out the 1249 low and put in a lower low. Which one is accurate? I don't know? The stronger move for the "bullish" case would be to go down in a wave 3 and bounce off the 200ma (current around 1193) on the daily chart.
This would allow the daily histogram bars to put in a positive divergence by forming a higher low, which would allow for a nice rally up to the 138.86 FP over the coming months. This would also allow the weekly chart to get oversold on the Full STO's, and put in a nice ABC move down.
The more "bearish" side would be to fulfill the H&S pattern and then rally higher to the 138.86 print. This would then come much soon, possibly by mid-to-late April, as opposed to May or June. Too me, the move up would be too fast and un-sustainable.
A lower low put in would give the bulls more time to push up slowly to the FP level, as opposed to another rocket ride straight up. With all the negative news in the world today, I just can't see another straight up move. But, we all know that the gangsters manipulate this market to steal our money and trick us at every corner. So... expect the unexpected!
This means you shouldn't throw out the possibility of an inverse H&S pattern forming instead of Wave 3 down. Just take it one day at a time, and hopefully we can figure out which is accurate when we cross that road. For now, just look for the double top on the Dow to be hit (possibly tomorrow?) and the VIX FP of 17.25... and finally the SPY gap fill at 133.50 (from February 21st/22nd).
Sinking Japan with HAARP and possibly some planted nukes on the fault line by US submarines was done for many reasons I'm sure. The main one was probably the fact the Japan didn't want anything to do with George H. Bush's "New World Order" (him, Henry Kissinger, and David Rockefeller are the main gangster Illuminati members in this America faction I believe).
Also, as I speculated on last week, Japan was going to come out with a car that runs on water. Think for a moment how that one thing would absolutely destroy the gangster cabal's plan to rob Americans by selling them $200.00 per barrel oil (from Montana, North Dakota, and South Dakota)... knowing that they can get the oil out of the ground for $16.00 per barrel and sell it for 60 cents per gallon and still make a fair profit.
But NO, these evil bastards want us to pay $6.00-$10.00 per gallon to steal every last cent we have. Yes my dear reader, Japan was the good guy here, and the bad guys (the American Federal Reserve Gangster Cabal... Bush, Kissinger, Rockefeller, Clinton, Cheney, Obama, Bernanke, Geithner etc) attacked them and won again it seems.
The old saying "Good Guys Finish Last" is so true in this case!
In the end times the Illuminati cabal here in America, as well as the others in the rest of the world (Rothschilds, Vanderbilts, etc...) will all lose as the awaken of us sheep will be too much for them to stop. We will, and currently are, awakening at an alarming rate. I see every day when I meet someone new on the street, as their minds are now open to hear the truth for once... and many have already discovered some of it already.
In this video below, you will see more proof that Japan was likely attacked with the HAARP earthquake weapon that the Federal Reserve Cabal control. He shows you 13 location on a map of the world where HAARP is located. He also explains that Japan will eventually fall into the ocean when Mount Fujiyama Volcano erupts. It will cause Japan to fall off the continent shelf where there have currently been 731 earthquakes happen already.
When this happens, and I believe it will happen before this September when Elenin (the dwarf star that I spoke of last week) comes the closes to planet earths orbit, it will create a Tsunami Tidal Wave that could easily be 1000 feet tall... directed right at California!
Elenin was over 2 times the distant from the earth to the sun on March 11th (2.154 AU Earth Distance) when it lined up behind the Sun directly, but in September it will be .3 times that distant! It will be between the earth and the sun, and is called an "Extinction Level Event"! Scary thoughts my friends...
Japan Earthquake,in USA warns Russia, Madrid fault, Super Moon, Comet Elenin
I don't know if this is real or an elaborate long term plan by the Illuminati to create Armageddon and fulfill the prophecy in the Bible. It certainly makes you wonder why NASA is leaving their software available for the general public (us sheep) to access and discover the path and dates of the orbit of this dwarf star called Elenin.
We do know that a polar earth shift was probably what destroyed the dinosaurs. Meaning, this same dwarf star was likely the culprit that came through earths' orbit on one of it's last passes thousands of years ago.
While it's possible that the Illuminati are using some type of holographic technology to show Elenin in the sky, which looks like 2 suns right now, and is only seen in the middle east for right now. Latter this year, people in America will be able to see both suns in the sky as well. Of course it's not a 2nd sun but this dwarf star they named Elenin.
Since we most certainly have a secret space program, (that is of course run by the Illuminati and the shadow government), it's possible that what people are seeing in the sky is some type of hologram created with some of the future technology they have acquired from crashed alien ships.
But, I don't think it matters... real dwarf star, or fake hologram. The results is still the same... a polar earth shift! If Elenin is fake, then that explains why NASA is still allowing us sheep to access their program as they want us to see the projected orbit of Elenin so we will all believe it's REAL! That way, they can use HAARP on the key dates that Elenin passes the closes to earth... like this coming September.
Now, if it's real, then maybe... just maybe, the evil gangsters are allowing us sheep to use the software to see the coming disaster because of their code of unmoral ethics that says they must tell us what they are going to do to us before they do it. Just like how they told us they were going to destroy the twin towers in the episode of "The Lone Gunmen", or how they put out the fake documentary called "Oil Storm" just weeks prior to using HAARP on New Orleans when they created Katrina.
Regardless of why they are letting us see the forecast path of Elenin, the end results will be still be the destruction of much of the planet. If the dwarf star isn't real, and only a hologram, then maybe some of the "white hats" can still stop these evil gangsters from using HAARP to simulate disaster that Elenin would actually cause.
While it seems unlikely that they have technology to create a hologram in the sky like that, I won't dismiss the possibly either. But, even if it is just an elaborate plan by the New World Order thugs, we still have the real possibility that the Fujiyama Volcano could still erupt... sinking Japan and causing a 1000 foot tidal wave to hit the west coast of America, destroying California.
Then there is all the prophets, or visionaries, that had dreams showing them the United States cut in half. Edgar Cayce was one of those people, who's reincarnation today is David Wilcock. The video below speaks of the coming new earth, and where would be a good place to live... if you survive the polar shift?
I guess this explains why the gangsters are printing money like there is no tomorrow... because maybe there won't be? At least no longer a stock market, as the new world should be one based without the need for money. We should be changing on a DNA bias too, as that's what all the crop circle are there to tell us. Meaning, we should move to a higher level of consciousness where telepathy achieved, and people work in harmony with each other and mother nature. No more need for evil, as those people will likely be buried alive in their underground bunkers.
So my dear reader, what should we do now?
I wish I knew the answer to that question, but I'd just simply say to be at one with yourself and God. Be a spiritual person, maybe you will be one of the one's destine to survive and repopulate earth. As for the stock market, just keep shorting it over the next few months, and use the money to buy as much food and supplies as possible.
If all this is just nonsense and nothing happens, then you'll have plenty of food to eat at today's discounted prices. You all know that massive inflation is coming, assuming Armageddon doesn't come. It's better to be prepared for it, and it not happen, then not prepared and it happen.
I don't know what will happen come this September, but I'm just going to continue living my life in peace and do what little I can. That means focusing on the Spiritual side of myself, for if I don't make through the event, there will always be another life to live, as we are all just immortal spirits trapped in these bodies.
Moving on to the market...
I don't know if they will push the market up one more time before June, and hit the 138.86 FP on SPY, but I do think we will go down this coming week. All the short term charts are way overbought and we should see some selling on Monday. We had our "pop", now it's time for the "drop"!
It really looks like we could be starting a wave 3 down on Monday, which should take out the current low of 1249 spx. The 1220 area looks like the likely target too me. Maybe this article about the Fed's raising rates will be what is blamed on the coming sell off, but we all know that's it's just what the charts already tell us.
Of course there is plenty of bad news out there which could be blamed for any future down turn in the market. That news is just the most current. To me, it's pretty simple... the charts say we should roll over and produce another down leg next week. Will the government intervene with more POMO and stop it... I don't know?
On one hand they are seem to be doing something good for America, feeding us morphine to easy the pain during our last hours, but on the other hand they are lying to us all while trying to save themselves after robbing us blind. I have no respect for those evil doers, as I know that they will get their punishment when their time comes.
It is said by many of the people in contact with good aliens (angels) that bad "karma" is what will hold you back from moving the next level of existence... which I'm sure all the Illuminati gangsters have plenty of! So this coming week, if the market sells off as expected, and each of you make some good money from it... do something good for humanity with it. God knows those poor innocent people in Japan need help... maybe a donation to them, or even to simply help out a homeless man or woman in your local community?
Remember, it's only paper... as Lindsey Williams said too many times! While we currently need it to pay bills and survive in this slave world we live in, the next world will be free of monetary slavery! I hope you and I survive it, and our able to help other too.
Don't get too caught up in this material world, as it's all just an illusion that will soon disappear!
I'm still looking for a least a quick pierce through the current overhead resistance and put in at least a double top around 1308-1310 spx area. If it pierces that, then it could go on higher to the 1330 area. The market simply wants to go higher it seems. The gangsters will continue to manipulate this market until the last days I believe.
Their QE2 POMO money ends in June, and I fully believe that they are going to try and hold it up as long as they can. That doesn't mean we won't have some down days of course, but a crash doesn't seem likely until much closer to the end of the POMO money... which again, is in June.
Ok, as for tomorrow, I'm expecting a push up in the morning from the 60 minute chart. Then for it to get overbought in the first half of the day. Depending on how high it goes, will depend on how long it takes. There's nothing to say that we are going up to 1330, as we could turn back down tomorrow if the market can't get through the resistance overhead and close there.
I don't know what will happen as the news over Portugal rejecting Government Austerity Measures could scare traders enough to bailout on their long positions fearing a default over the weekend. The market is holding it together with the manipulation by the governments POMO money only right now, and that will work as long as the volume stays low. If traders panic some and the volume picks up, then the selling could get intense.
I know that the Illuminati controls the market and the main stream news, but the internet is tougher to suppress... meaning that traders will be reading various blogs and could easily get the news exposed too them, even if the gangsters won't let it out on network TV.
So the point is... I think it's getting tougher and tougher for them to hold this market up. If they can have an "all up day" tomorrow, then yeah... we will likely go to 1330 for a backtest of the broken trendline from the rising channel that started last year in September.
Of course if the gangsters really succeed in manipulating this market over the next few months, then they could take it up to the 138.86 spy FP before letting it crash. We have to keep our eye's on the weekly chart as it could turn back up or continue down... I just can't answer that?
For the short term though, I'll be looking for a place to short tomorrow after the 60 minute chart looks tired and peaked. I'll be watching the 30 and 15 minute chart too, as that should give us the entry spot. Let's see how far the morning POMO can push it up tomorrow first, as the charts favor the bulls early Thursday, but later on they should tire out and give the bears a shot.
That's all folks...
Red
P.S. Here's the link to the article with Ben Fulford and David Wilcock...
