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
_____________________________________________________
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
End Quote>>>>
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
_____________________________________________________
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...
Or... The Elite Gangsters have succeeded in using the CIA to pay off and bride certain middle easterners into rioting and arming people that are ready to fight enough to justify the US striking Khaddafy.
Spin, spin, spin... you can't trust what information is coming from the Main Stream Media, as you know they are already staging a "False Flag" event somewhere.
When and where is unknown, but I do believe the Illuminati have it all planned out and so far... they are winning again! From the killing of thousands of people in Japan to the coming killing of innocent people in the middle east. It's obvious to me that Khaddafy is no longer playing ball with the Washington DC Cabal, or else they wouldn't be trying to kill him and replace him with someone who does.
But, Khaddafy is actually doing exactly what the elite want him to do... destroy the oil fields! It's all about raising the price of oil to over $200.00 per barrel, and bankrupting the middle east.
While many good people are trying to expose these thugs plans, it's just not enough. They are right on schedule I'll bet, just like what Lindsey Williams said about them creating World War 3, it seems like nothing can stop this insane criminals! Looking a the Television now as they talk about the earthquake in Japan, it just makes me sick how many people were murdered by these people.
The disaster over in Japan is worst then Hiroshima... but at least then they knew who bombed them! This time only a very small percentage of people actually know that George H. Bush and the other evil satanists inside the cabal are the one's behind attacking Japan with their HAARP weapon.
If all the television stations shutdown and people were forced to find out the news on the internet, many more would wake up from the deception that the Illuminati is feeding them. I guess it's been that way for years... long before I started writing about them. So, I just have to focus on the present as I can't change the past.
We are truly in the end times I guess, as the "awaking" of peoples' minds is growing at an incredible rate.
The sharing of knowledge and truth through the internet is what is opening up the world to the lies they have been feed. There are so many good people in this world and only a small percentage of evil one's.
So why can't the sheep just gang up on the wolves and eliminate them? With 6-7 Billion people on the planet and probably less then a 100,000 Illuminati members (and only a dozen men that actually rule the planet), you'd think overtaking them would be easy?
But they hide in the shadows as they fear us sheep discovering the truth. What is the truth you ask? The truth is that what is going on right now in Japan and Libya is 100% planned by the Illuminati as they play out the prophecy end game scenario.
As sick is it all is, and as angry as I could get about it, I just have to focus on my part... the exposure! My role is just to inform as many as will listen about their game, while trying to make a buck in this rigged game called "The Stock Market".
The Planned Stock Market Crash is on schedule I'm sure, but I don't know the "when" part...
While everything looks ready to fall apart right now, it seems too obvious that a crash is near. I'm sure that it will take most by surprise when it happens, as that's the way it's planned. The new FP of 138.86 spy tells me that the top isn't in just yet (assuming it's a "real" FP?), so we just need to play it day by day as forecasting a month out is just guessing at this point.
Next week should be interesting with all the disasters going on around the world. How will it affect the stock market? Will the market panic and continue selling off? If so, to where? I still think we will see at least the 2 FP's on the spy and qqqq of 123.03 and 52.27 before we rally back up much higher.
Could we rally up to the 130 spy area first and then tank to 123? Sure, I guess we could, but Monday is looking like it wants to sell off in the morning... how far down is unknown? The short term charts look bearish too me, but after a sell off they could turn back up and continue higher before becoming overbought again.
So, the possibility is there for a move down on Monday to create some sort of "B" wave down (assuming it doesn't take out the current low), with a "C" wave up on Tuesday toward that 1300 spx level. Of course a failed attempt to get through the 1288 recent high would be very bearish, as I'm sure the bears will also be waiting there as it would be a double top from Friday.
Everyone expects the 1300 level, so that begs the question... if everyone is expecting it, won't it not happen then? Great question, and of course I don't know the answer. You'll just have to let the charts lead the way. If the market hits the double top area, trades sideways all day and makes a bull flag, then expect it to continue higher when the bull flag plays out. Most of the time it will happen on the usual end of the day POMO ramp job, or a gap open the next morning.
Regardless, just pay close attention to the charts, time of day, news, and market action while the market finishes the wave 2 up move. Remember, Monday should likely go down and put in a "B" wave of an ABC (wave 2) up move that we are guessing will end near 1300 spx. It really depends on how big a sell off we have on Monday? Taking out the current low and heading toward the 2 FP's would make this count no long valid.
So, if you are all ready short... stay that way. If not, then you might want to sit on the sidelines to see if this ABC patterns plays out or fails? The market will certainly be volatile this week... that's one thing I fully expect to see for sure happen!
Looking closer at the very short term...
Monday looks ready to roll over in the morning as the 30 and 60 minute histogram towers are slowly headed below the zero level. But, the MACD's are still pointing up and just crossed over the zero level, from very oversold territory. This makes me think the move down will put in a small histogram tower below zero (and allow the spx to but in that "B" wave down), and then turn back up late in the day or early Tuesday morning.
If this happens, then Tuesday should rally up and either put in a high around the double top area of 1288 for wave "C" up, or continue on up to the 1300 area. This could extend into Wednesday too I believe, but again... a failure to break through the double top area is very bearish and should produce another leg down on Thursday and Friday I believe.
What we don't want is for the market to calm down and take it's time recovering. The longer it takes, the more the bulls gain ground as the daily chart will also start turning back up too. We don't want this to happen... if you're a bear like me of course. Keep an eye on the RSI on the daily chart. If it breaks over the 50 level and gets up to the 66 level, then the bulls have likely gained control back... meaning that we "could" be done with the selling, and on our way to the 138.86 FP on the spy.
Yeah, that would suck! And yeah, I know it's total B.S. as the market should be tanking into wave 3 down... but you all know by now how controlled this market is, and manipulated by the Hal 2000 computer program. The gangsters want to steal your money, and get you extremely bearish on the market... then rally it against what the charts say (defying gravity), which is the best way to rob you!
Of course I'm not saying that is what is going to happen, as that print may not ever be hit, or it could be hit later this year... I just don't know? But, I won't ignore it either. So for now, I'm playing it safe and not re-shorting until I see all the short term charts get over bought again.
To sum it up...
Scenario 1
I expect a down move in the morning, not to take out the current low of 1249 spx to form the "B" wave down. And then up into Tuesday and possibly Wednesday to form the "C" wave up. It should go to at least the double top area of 1288, but I really expect the 1300 area to be tested. Then a rollover into wave 3 down on Thursday and Friday, with it possibly starting on Wednesday.
Don't forget about that woman's vision of the numbers 22 and 23 being told to her from Jesus. Again, it's not important whether or not you believe in vision's or Jesus, but the fact remains... she was dead on accurate with her March 11th earthquake call. Will sometime happen on the 22nd and/or 23rd, and cause another earthquake... maybe in California?
If this happens, then you should expect the 200dma to be hit on a crash in the market. If that fails, then look for the 2 lower FP's of Dow 8300 and SPX 885! I'm not expecting it... but if a bad enough event really happens to America, you'd better watch out below!
Also, if you haven't seen David Wilcox (his link is on my blog under "Red Pill Sites"), you should go watch his video's about humanity. They are long, but he is basically is a reincarnation of Edgar Casey, who was a visionary prophet who died in the 1940's... but seen all this stuff happened long ago, which produced this future map of 2012.
Scenario 2
The move down in the morning continues and takes out the current low of 1249 and heads toward our 2 FP's of 123.03 spy and 52.27 qqqq. Then of course the ABC would be invalid and the 1288 was some type of 4 up in a this larger wave 1 down. Then at that point I would expect the selling to be done for awhile and a slow grinding move up the rest of the week, ticking off all the bears that went short when the FP's were hit.
Of course I prefer Scenario 1 as it's the most bearish and has the potential to blow past those 2 FP's on a wave 3 down (which could go to the 200 dma around 1180 spx). But, I won't rule out Scenario 2 as it would validate the FP's and allow the market to grind high for many more weeks, and even hit the upside FP of 138.86 spy by June or so... which is about when QE2 ends.
Ok, that's all I see for now. I'm fading the news as it's controlled by the satanists and I don't want to get sucked into "the world is ending"... short the market type thinking. I still think it's too obvious right now to expect a crash. So, I don't think it's going to happen until late this year.
In this uncertainty and deceptive environment, it's best to just play it short term... get in, get out, and sit on the sidelines!
Good luck rebels...
Red
P.S. Just had to throw this last update in this post (sorry it's so long)...
The real reason Japan was attacked by David Rockefellar, Henry Kissinger, and George H. Bush (the main Evil Illuminati Gangster Cabal Leaders)!
I was thinking and thinking about everything, and trying to put the pieces together as to "WHY" would they attack Japan? Then I remember the story of a Japanese company that created a car that ran on water. Here's the video...
This company is called Genepax, and their website is http://genepax.co.jp, but they were forced out of business and closed down back on February 10th, 2009 (according to the date on website). But what if they weren't really shutdown and continued trying to make their cars that run on water project, and maybe were closer to coming to market with a car for sale? According to this site, (http://www.engadget.com/2008/06/13/genepax-shows-off-water-powered-fuel-cell-vehicle/) the cars would have only cost about $5,000 each!
Now, what would that do to the Evil Cabal's plan to get richer by selling us sheep $200.00 per barrel oil as Lindsey Williams said they plan to have the price that high by 2012? I'd say that was the biggest threat to their evil plans ever! Can you imagine how many people would buy car that runs on water... especially for only $5,000!
Well guess where that companies factory planet was located? Osaka, Japan! ...which was convinenly destroyed in the tsunami! (http://www.jpost.com/International/Article.aspx?id=212493) Yeah, it's really all about money folks! Kill anyone that can stand in your way of raping the America people by selling them oil for $200.00 per barrel, when you can get it out the ground for $16.00 per barrel. PURE EVIL in my book!
Hang them all I say!
DID A SIMPSONS CLIP PREDICT A NUCLEAR DISASTER ON 3-11-11???? MUST WATCH!!
I'm looking for a gap up and crap... plain and simple. I don't think the selling is done until the FP on the SPY of 123.03 and the QQQQ of 52.27 is hit. If tomorrow closes up big, then it's possible we could continue to the major resistance area of 1300 spx on Monday and Tuesday, but I really think we will fool the bulls and reverse back down tomorrow... probably the second half of the day.
We have a chance of a Flash Crash tomorrow, but I'm really only looking for the SPY 123.03 and QQQQ 52.27 FP's too be hit, and then a rally the rest of the day and into Friday. After that... who knows? This video below confirms what the woman in the next video down say about the 22nd and 23rd. There is a chance of a earthquake happening off the west coast until about the 26th or so, with the 19th being an important date to watch out for.
I'm looking to exit my short once the 2 FP's are hit... unless it blows past them on some more bad news from Japan. If so, then the Flash Crash should take us to the 1180 spx area, which is the 200dma. I don't think that will happen tomorrow, but it's possible... so keep your ears and eyes glued to the news, and post it if you see something! Good luck everyone...
Once the 60 minute chart peaks out and rolls over, the real panic should happen. It could be some wave 3 of 3 of 3 or something (I'm not an Elliottwave Expert), but whatever it is... it should beat Monday's move down! I think we are now in some sort of wave B (or 2?) up right now, with 1261 being the end of the first wave 1 down.
I suspect we will attempt to get back up to around the 1300 spx level and then start selling back down again. It could happen anytime tomorrow, as it depends on how long it takes for the 60 minute chart to top out and roll over. I suspect it will be within the first half of the day.
I'm still thinking that we will go down to the 123.03 spy FP level, before have a multiple day bounce back up. I can see us hitting that level by this Friday, or sooner. Next Monday and Tuesday we could have another earthquake if the woman in the video that I put up on the weekend post is correct again? (Here is the video one more time)
Notice that she did the video on March 8th, and called for earthquakes to happen between March 11th to the 14th. Then she stated (around 12:30 minutes into the video) that she was given a vision by Jesus and told the numbers 22 and 23. That's this coming Tuesday and Wednesday!
Now, whether or not you believe in Jesus or not isn't important... what is important is the fact that she has science behind her Planet X (also called Planet Nibiru) data, as seen in the computer model and forecasted path of this planetary body that the Main Stream Media (and NASA) says is a comet called Elenin. Lies... it's a planetary body! (Whether it is Planet X or not isn't know, but it's not a comet!)
Watch her video several times if you must, and let it all sink it. What is foretold in the bible is coming true. Notice the new movie out last Friday (3-11-11) called Battle LA has meteors (that are really aliens ships) falling from the sky. The Illuminati are clearly telling us what's coming.
Then there is the 2 Sun's showing up in the sky in the middle east in this video below... what's that all about? Is that what the people in Egypt are really rioting about? We are clearly in the end times, and this market is very fragile and ready to tank hard... as in crash for real this time!
I just don't know what to think right now, as all this information is overloading my head (and scaring me too!). So, I just have to focus on the charts and not think about these things too much, as I can't change any of them. Anyway, as far I as can see in the charts, we should go up in the morning to the 1290-1300 spx area and then roll over into the close.
I think we will be down again on Thursday and possibly Friday too. My target is again the 123.03 spy FP, and I think it will be hit this week. If it's hit by Thursday, then I can see us bouncing up on Friday and Monday too. Then Tuesday will be the 22nd, the date in that woman's vision, so it could be another turning point for more selling? That would be another wave 3 I believe, and a larger one then the one I'm expecting to start tomorrow.
Ok, that's all I got for now. I'll keep these daily posts short and leave the long one for the weekend.
And who controls the HAARP (High Frequency Active Aurora Research Program) machine?
The Evil Illuminati Gangsters of course, but more specific... the Cabal. Who is in the Cabal? The Bush's (both George H. and George W.), as well as the Clinton's, Dick Chaney and numerous others that we don't know about.
Yes, George H. Bush was likely the one that turned on the HAARP machine, created the earthquake in Japan, and killed thousands of innocent people. This video (with Benjamin Fulford) gives you proof that clearly points to HAARP, as opposed to a natural disaster. I know that many people don't believe that a certain faction of our government is capable and responsible for killing all those people, but let me assure you... THEY ARE!
Of course these evil gangster Illuminati thugs are also very ritualistic, and love certain numbers. The number 11 and 111 is very important, and the earthquake happened on 3-11-11, (which was just a coincidence I'm sure?). The Free Masons are where many of these gangsters hide, and reaching a level of "One Hundredth Eleventh" degree... which is only for the Elite, and most Evil of the Illuminati.
Search out pictures of Barrack Obama, George H. Bush, George W. Bush, Bill Clinton, Dick Chancy, George Soro's, Warren Buffet, David Rockefeller, and many others... and you will find them all wearing a Free Mason rings. These people are pure evil and they don't care who they have too kill to get whatever they want.
They are hell bent on creating their "New World Order" to control us sheep even more then we currently already are.
They want us as their slaves and have already enslaved us to the monetary system. That why they are going to crash the stock market sometime this year, because they want to steal every last dime you have. They plan to buy up all the companies after the economy crashes for pennies on the dollar.
Then they will own everything in America, and everyone will be working for the government... which is controlled and owned by these Elite gangsters, who are Trillionaires... not Billionaires! Only a dozen men rule this planet, from there it flows down to the lower minions like the Presidents, Prime Ministers, and Dictators... who are put into those positions, not elected. Below them of course are the thugs like Ben Bernanke, Tim Geithner, and all of the Senators and 90% of the Congressmen too.
The same is true for each of the other countries in the world, as each lower minion has his/her place in this pyramid with one "all seeing" eye on top. Hollywood is completely controlled by them, and it's how they program us sheep with their movies, music, and television garbage. Look at all the stars that are brainwashed, and use all kinds of Illuminati images and signs in their music and movies. It's truly sad how many have sold their souls to the darkside for fame and fortune.
And of course the stock market is controlled and manipulated by this gangsters... which leads me to the next subject: Fake Prints (FP)! Here's a new FP showing the SPY at 138.8681, which showed up at 16:55 (4:55 pm) on 03-10-2011 and has a volume of 4,290 shares traded.
What does that mean?
It means this rally isn't over and they plan to push the market up to that level before the year is over I believe. Since the POMO money (quantitative easing 2) ends in June, I'd say they will have too hit the print before then as the market WILL Collapse without this monopoly money that Bernanke keeps injecting into it.
I just don't know "When" this print will be hit? Could it be on 04-29, as indicated by the volume? I can't answer that of course. However, if the market fails to go lower this week and cross the zero level on the histogram bars for the weekly chart, then they could push it up to that target within the next few weeks... maybe even this coming week? That's one big short squeeze... but it's possible!
Here's the thing though... the traders know that QE2 ends in June and will likely be exiting long before then. While it's possible that they could continue up until then, the odds are stacked against it. What trader in his/her right mind is going to stay long up until the last day of the POMO auctions? Only the very foolish I believe. They will all be backing out of their longs weeks and even months in advance of that time period.
So, that makes me think that the market will start to sell off long before June, and then really dump hard after the cocaine addicted market gets its' supply cut off and goes into detox! As for oil, remember what Lindsey Williams said... "Oil is to go to $200.00 per barrel by the end of 2012", and could get there a lot faster if some planned event cuts off the oil supplies from the middle east.
As for the Muslim Brotherhood's "Day of Rage"... looks like it was all stage to sucker the retail trader into going long on oil. Oil has already pulled back some last week and could continue down some more this week... all planned by the gangsters of course, as they used their control and ownership of the Main Stream Media (MSM) to let everyone of us sheep know about this "Day of Rage" well in advance.
This of course lead many people into getting their money stolen again, as they were likely forced to sell their longs on oil at a lost. More tricks by the gangsters! Just remember, if it's on the MSM... it's a trick, designed to take your money! Learn to do the opposite of what the MSM says, (and especially Jim Cramer) and you'll save yourself a fortune (and maybe make one too?).
So, is the market going to rally or tank next week?
Man... if I knew that, I'd be rich by now! The charts say we will go down and close the week lower, which could put the weekly chart into negative territory on the histogram bars. But my gut tells me that they will defy the charts and run it up because it's an options expiration week, and they are usually bullish. There is too much open interest on the "puts" for the strike prices at 130 and below.
Since the gangsters want to steal those people's money and not pay them for their puts, it's common to see them run the market higher to make all those puts expire worthless. Does this mean they will run it up to the new FP of 138.86 SPY this week? I don't know... but anything is possible.
The new FP, normal bullish opx, too many puts below the 130 strike price, and let's not forget the 5 days in a row of new POMO money... all has me worried that they will once again trick the bears and ram this thing higher one more time next week. The failure to break through 1300 spx, and confirm it with a 2nd close below it... is unfortunately "not good" for the bears.
The market is still pointing down on the daily and weekly charts, but the daily "could" hook back up at anytime now. The weekly could hover around the zero level on the histogram bars for several weeks before collapsing below it. It did it for almost 3 months at the end of 2009, so they could push this out further before this Primary Wave 2 up is finally over.
We bears need to see 1300 spx taken out and confirmed!
Only then will I believe that we are likely done with P2 and starting P3 down. Note the monthly chart and you can see that this "C" wave up in Primary Wave 2 isn't as long as the "A" wave up. That has me concerned as usually the C wave matches the A wave or is longer. While I'm not an Elliottwave expert, I believe that statement is correct.
The possible scenario is that we go up this coming week, but not take out the current high and only put in a backtest of the broken trendline from last September. Since the trendline is moving up, I can't tell you a level, as it depends on what day it hits it? It will rise higher every day next week by a little more, so it could be at the double top area by the end of the week.
Now for the bearish scenario...
There is a new article out on ZeroHedge that shows a new group of people called "Hacker Collective Anonymous" now has damaging documents on Bank of America, which they plan to release on Monday. Tyler Durden thinks it might be the same information that Wikileaks had, and they simply handed over the data to another group. That's a strong possibility I believe.
Remember what I said about Wikileaks in the past... "they a funded by George Soro's, and that means they are likely controlled by the Illuminati too". Well, after all the news about Wikileaks releasing damaging data early this year... did they do it? No, of course not... the gangsters seem to have gotten to them and threaten them enough to stay quiet.
Or, this was the plan the entire time? To release data when the market has finally topped, which "if" they release it on Monday, (and it's really damaging), the financial stocks will all tank as where there is one bad apple in the basket, there is likely others too. That doesn't mean that the S&P500, DOW, Nasdaq, etc... will tank too, as the gangsters can buy the up with other sectors in the market.
But, overall... if the news is bad enough, we should still see some selling early in the morning. Then possibly the POMO money will come in a save the day by rallying the market once again. It's really hard too say, as I don't know what the data is, or how damaging it will be to Bank of Satan (I mean Bank of America).
Anyway, to find out more about it, go to this website Monday morning to see what they release...
The key here goes back to breaking that support level around 1300 spx (and 12,000 DOW) with at least 2 daily closes below it. If that happens, then I do believe the bears will rejoice as the weekly chart will likely go below the zero level on the histogram bars and probably stay that way for many weeks as the selling gets deeper and deeper.
The only thing that bugs me is that new FP of 138.86 on the SPY. When will it hit? Will it be later this year after a sell off of 10-20% in the market, or is it going to be hit within a few weeks, and then sell off? Remember, according to Ben Fulford's source (a Rothschild member), after all the number crunching... the gangsters can't hold the market and the economy up past June of this year. It's impossible no matter how much money they print. The math doesn't allow it... meaning it MUST collapse!
Of course that's also the time period that the POMO ends, and I don't think QE3 is coming... or would even help if it was. Knowing that all the traders are aware of this, I'll say it again... "Traders will likely sell weeks and months in front of the official end of QE2". That means we are more likely to go up and put in that new high of 138.86 within a few weeks first, and then start selling off with some sort of Major Wave One down in front of the June period, leaving the period after that for Major Wave Three down to happen.
This is all just spectulation of course, but is makes sense to have a Major Wave Three down (inside of Primary Wave 3) right after the POMO ends. This means the old saying of "Sell in May and Go Away" will likely ring true this year. If I was a big time trader, I'd probably try to sell a little earlier then May... just so I could get ahead the other traders. Of course I'm sure they will be thinking the same thing too!
Could the volume of 4,290 mean the print will be hit on April the 29th? I wish I knew the answer to that. I'm sure there is a coded message in the time, date and volume of that print... but I don't know what it is? The end of April would certainly line up well with the "Sell in May and Go Away" crowd. That would imply that we will go down some this week and possibly next week, and find a bottom somewhere... allowing a rally up into the end of April.
On the short term charts...
Monday looks to me like it will sell off in the morning to reset the overbought short term charts. After a dip down to some higher low, or to retest support, it could turn back up as the POMO money comes in to save the day once again. This all assumes the Bank of America data doesn't affect the market negatively. If it does... then we should break the support and sell off all day long Monday.
I'm just going to pretend nothing comes of the news, as it "may or may not" have been planned to be released Monday... something we won't know about until it's over. The gangsters still have control of this market, and the news that comes out it seems. Maybe Julian Assange was really a good guy in the beginning, but later got threaten and bought out by the evil cabal (through George Soro's of course), and wasn't actually part of the Illuminati's planned release of timed data to crash the market?
While they are clearly still in control it seems, there are always new threats to their evil empire that pop up from time to time. They will of course do their usually "containment strategies", which always en-tells "buying them out", "threatening them", "dis-crediting them in public", and if all else fails... "eliminating them". What else is a gangster to do anyway, but use force? They aren't exactly the brights people... in fact I'd call them stupid son of b@tches that will be welcome with open arm one day when they get dragged into HELL!
Do you think I go too far sometimes?
I've often wondered if my continued bashing of the Evil Illuminati Gangsters oftens you wonderful readers of my blog posts? I think I right about them some much but I don't see enough people standing up for themselves and telling the thugs to kiss their a@s! What these people did to those innocent people in Japan is horrible! It's outright MURDER! These people are sick, and need to be stopped ASAP!
I'm doing my part to wake everyone up that I can, as they can be stopped... if everyone will rise up and their part by spreading the news. Copy this article and post it everywhere. Link to it, click on the share button... just do something! Good only wins if they stand up to Evil! You'll never convince me that they 8.9 earthquake in Japan was natural... HAARP was used to create it!
And who is in control of HAARP? Say it with me again... "The EVIL CABAL, made up of the Bush's, the Clinton's, Chaney, and many others". Was Obama in on it too? Probably, but he's not as well connected as Bush Sr., so he probably didn't have much say so in the matter. He's still guilty of other crimes against humanity, so don't think he's innocent and here to save us... it's ain't so!
Anyway, I get on a rant and rave sometimes and just can't stop typing... especially when I get so angry and frustrated that I can't personally stop these evil people. So, I just pore out my thoughts and frustrations on this blog. I hope you don't mind and don't hold it against me. I'm just a simple human being that want's world peace and doesn't understand why there has too be so much evil in the world. I just wasn't raise to hate anyone... not for race, religion, color, or sexual preference. We are all just immortal spirits inhabiting this body... why can't we all just get along?
A beautiful day in the market today... if you're a bear! As for Friday... I expect a bounce in the morning and then selling into close. While it's possible the bounce takes all day and ends the day with a positive close, the odds are low. Tomorrow has NO POMO money and once the 30 minute chart gets overbought again, I think we'll see selling into close... which "could" lead to a mini stock market crash? Meaning 500 DOW points or more? I won't stay it's going to happen, but instead stay that the charts support it.
We could have more upside tomorrow, and even a possible double top (with a slight pierce to make a new high), but a crash is just days away. If it doesn't start by this Friday, then I expect some event to happen over the weekend to start the sell off on Monday.
The Bulls are slowly dying but I suspect they will try for one more new high this week, before finally rolling over and giving up. The pattern that we are in is very similar to the topping period in late April. The weekly chart is showing clear signs that the market is doom and will rollover very soon.
However, the daily chart says that the market "could" go put in a new high? We are still in a rising channel and haven't broken out of it yet. This whipsaw action is too be expected when the bulls are finally running out of steam. Oil is telling us the real story here, at it's been rising steadily every day like Lindsey Williams said it would.
The coming Friday, 3-11-11, is when the Muslim Brotherhood is scheduled to have their "Day of Rage", which is funded by the CIA, who was told to do so by the Elite Gangsters in an attempt to disrupt the oil flow out of that region. If they succeed, then the Muslim Brotherhood will probably blow something up over there and cause the oil price to skyrocket over night... again, just like Lindsey Williams stated.
Will it happen? I don't know... but so far oil "IS" rising in price very rapidly. Trying to short the market seems like throwing money away when the gangsters manipulate it back up with POMO money... just like they did on Friday in the last 30 minutes of the day. Going long on oil seems to be a safer bet (I'd say "investment", but you all know that it's just gambling when you are playing in a rigged market).
So, it seems that we could still be in Primary wave 2.4, or something... as it looks likely that the bulls are going to attempt to take out the current high. If they don't, then I guess we have started the P3 move down. We won't know until it's half way into it anyway, so who really cares!
Ben Fulford did an interview with Jeff Rense, which is below...
Ben speaks of how the Federal Reverse cabal is now freezing rich peoples' money so they can continue to fund the ponzi scheme with the paying of interest on debt. A Rothschild member told Fulford that from numerical calculations that can't go past June of this year... at the very latest! That's why this market hasn't crashed yet... they are robbing rich American millionaires to keep the game going for a little bit longer. What Thieves!
I think every bear will just throw in the towel if they push this market up into June. But, that's not a prediction, only a calculation of when the crap "Must" hit the fan... it certainly could hit it much earlier, (as in next week?). Soon, oil will reach a level that will be viewed by the market as bad for the recovery... which means a sell off in equities.
That FP of 135.14 spy could be our upside target for next week? Just remember, these FP's (that are "real one's" and not false one's) only indicate that the market "will" go to that level... not that it will immediately rollover when it hit's it. You seen what happen with the DIA 118.16 print... the market hit it, rolled over to 117.04, and then rallied back up past it.
I wouldn't call that much of a "turn" in the market... one point! Please! But it was hit, just like it was meant to be. Maybe if I hadn't exposed it so much it might have been the top? Who knows? I doubt that they changed their plans simply based on my little website exposing it, but anything is possible. I think the more plausible answer is that the money they are currently stealing from rich American's (and every other trick they are using to raise capital) is what they are using to fuel the rally a little longer (and higher of course).
Of all the video's, audio's and article's I seen, hear, and read... no one knows what it really going to happen! From now until December the 21st, 2012 we are in "uncharted territory. Even the aliens don't know, and they have the ability to travel to the future and the past. Of all the interviews I've seen, every person that is in contact with any or all of these aliens... all say the same thing "The Future is Unwritten"!
How interesting is that? I think it's pretty cool that "history" isn't already written and that "We The People" can change it into something positive instead of negative. Clearly, from listening to Ben Fulford, we can have a bright and wonderful future ahead of us. Maybe the market won't crash and hyper-inflation will keep it up... just like it did after the 1999 tech bubble crash. It's possible?
While I believe that TPTB want to crash the market so they can buy up everything at 10 cents on the dollar, they seem to be losing control. While I total believe that Lindsey Williams is telling the truth and has been correct in the past on every call, what if TPTB are using Lindsey to spread fear (unknowingly of course) and they actually "need" him to be able to pull it all off?
It's hard too say what's "real" and what's "allowed" anymore. They haven't shutdown Alex Jones yet... why? Do they support him? Alex is helping them by spreading "fear", but at the same time he is promoting peaceful actions to over take and arrest the gangsters. It can all be mind boggling sometimes. I'd like to just throw it all out and just go back to reading the technicals on the charts to forecast the market, instead of trying to forecast what the gangsters plan to do next.
Problem is, the technical don't always work. Sometimes they work very precisely and then TPTB throw you a curve ball and manipulate the market higher on no logical reason... just like they did the last 30 minutes of the day on Friday. So what's in store for Monday? More upside probably. The daily chart seems like it wants to push back up, and it oil backs off a little next week, then the market could go higher.
Oil is hitting a triple top from the first week of April, 2010 and the third week of October, 2009. Triple tops are rare of course, but that doesn't mean it's should just push right through on the first hit of it. It should back off some, which could happen next week and then push up past it to new highs. If it sells off some next week the market could rally a little higher.
That's what I expect to happen... a move down to retest low resistance now support, and then for an explosive move up the following week. The weekly oil chart is very bullish, with the histogram bars coming up to the zero level from being in oversold territory for quite a long time. I suspect they we simply reset the daily charts this week and allow them to work off how overbought they currently are.
The question, even if oil backs off a little next week, will the market be able to breakthrough the current top and put in a new high? Danny Riley at Mr. TopStep seems to think so. He's call on Friday was to see 1349 spx within a couple of weeks.
I'm certainly not says that these guys are always right, but considering that he's on the trading floor everyday, and can get a sense or feeling from what the other traders are thinking, I'd say his comments are certainly worth listening too. Beside that, the 1349 spx level will probably match up with the 135.14 spy FP... which is another reason to think it's possible.
It's really going to depend on what oil does I believe. If oil doesn't back down next week, the market is really going to struggle to go higher. I still believe we are in a topping period that can't last too much longer. They stretched that April topping period out to almost 3 weeks. We're entering week 3 this week, so the clock is ticking...
The only wildcard is if the gangsters can steal enough money to keep the market up until June as that's all that is possible from numerical calculations given to Ben Fulford by his Rothschild insider source. Personally, I think they will fail. The weekly chart is looking pretty sick right now, and the "Day of Rage" is this coming Friday. That means higher oil prices, and that spells trouble for the stock market.
I'm looking for a spot to go long oil as I do think it will pull back some next week. Rarely does any chart push through a double or triple top without pulling back for a few days to reset itself. I'm looking for the media to spin something positive next week, that will allow oil to cool off some. A final top in the market is near... I'm sure of that, as once oil breaks through that triple top area the market will collapse.
A introduction to the option basics and how to find the right option strategy...including the Greeks Vega Delta Theta and basic spreads both Debit and credit.
Register for a session now by clicking a date below:
The Bulls did exactly what I feared... they gaped over the 1320 resistance area. While we could still see a down day tomorrow, the chance of a crash in now extremely low. We'll have to wait until 03-11-2011, as that's when Lindsey Williams said that the Muslim Brotherhood is having their "Day of Rage".
I'm looking for a move to about 1320 on Thursday and then for it to rollover into the close. This will leave a high chance of a Friday crash. To avoid the crash on Friday, the bulls need to gap open above the 1320 area tomorrow morning, and close above 1332.09 on the spx.
When Lindsey Williams has a track record near perfect for the last couple of decades, I listen when he speaks. He stated today on Alex Jones to lookout for 3-11-11, because the Muslim Brotherhood is planning a "day of rage" then. This will likely be the day the stock market crashes as oil goes through the roof overnight due to something that gets blown up over in the middle east, and disrupts the oil supply from that area. Lindsey said oil could hit $225.00 per barrel, and that the dollar will collapse once it breaks the $75.00 level. Scary stuff everyone!
Here is Lindsey William on Alex Jones today (part one)
Lookout Below, as this Week Coming Has the Highest Odds of a Stock Market Crash!
The moment all us Bears have been waiting on has most likely arrived! While nothing is guaranteed, this coming week is lining up to produce a wave 3 down, which should start on Wednesday or Thursday. I'm looking for Monday to close down, but not take out the current low.
It should be a wave B down, with Tuesday to give us our wave C up... which should complete this ABC (wave 2) move, allowing for wave 3 down to start right after that. As for targets, that's hard too say? It will depend on how far down we go on Monday.
If we only go down and retest that 1300 level, then the C wave up on Tuesday should go to about 1325-1330 max. There is a gap around 1327.50 that is showing up on the 15 minute chart, so that's a likely target... as you know "gaps" are like magnets to the market. So, whenever the market is close to one, it tries to fill it.
Another reason that would support this ABC move up, with the market being down on Monday and up on Tuesday, is the fact that the first trading day of most months is an UP day. This is the day new funds come into the market, which is why that happens a lot. It's not every month of course, but most of the time this is true.
POMO Money and extra Supplementary Financing Program fail to rally the market...
This is more signs that Primary Wave 2.x could be ending and P3 starting. This link to ZeroHedge shows you that every Thursday the government injects an extra few Billion in a 2nd program called... "Supplementary Financing Program", which was used last Thursday, but the market continued to sell off.
With both the POMO and the SFP supporting the market and it still going lower, it should be a telltale sign that things are changing now. The money isn't having the same effect, or the gangsters aren't really using the money... because they want the market to tank! Either or... the results are the same!
Just like a crack head trying to get high, it doesn't have the same affect after the hundredth hit as the first one did. The market is slowing dying, and I really don't think the wallstreet gangsters could hold it up too much longer, even if they wanted too (which of course they don't)!
Just like what Lindsey Williams said, they plan to destroy America! Gas will likely be $6.00 per gallon as oil will be $150.00 to $200.00 per barrel, by the end of the year just as he said it would. This is certainly going to cause the market to tank.
I believe that many people will die this coming winter as they can't afford to pay the heating bill and will freeze to death, as seen in the fake documentary "Oil Storm". These 12 men that rule this world need to be beheaded for crimes against humanity in my opinion! They are sick and evil people. Planning the death of millions world wide just to make more money and have more power is insane!
Their justice will be served to them when they enter the gates of Hell I believe! Bad Karma will haunt them forever! It's something that every video or article I seen, told by people in contact with different alien races, all said the same thing... you can't move on to the next level of existence if you have Bad Karma.
Basically, these 5th dimensional beings are what we would call Angel's, while we are currently stuck in a 3 dimensional existence. The evil Illuminati gangster reptilian worshiping thugs will be stuck and doomed to repeat their life until they get it right. Let's all hope that their next life has them being born in some third world country as a starving baby like the poor one's that they currently are trying to kill through starvation. Truly sad...
Benjamin Fulford Update: Obama, Biden, Geithner, Bush Jr, Bush Sr, Greenspan, Romney, Guennette, Herzog, Bill and Hilary Clinton are caught laundering their stolen money...
In this report it shows that the "white hats" are tracking the gangsters and where they move their money from and to. Here is a list of stolen money that is being removed from secret accounts...
President Obama Vatican Bank One Billion
President Obama Bank of Santander One Billion
Vice President Joseph Biden Vatican Bank $100 Million
Tim Geithner Vatican Bank $700 Million
George Bush, Sr. Vatican Bank $700 Million
George Bush, Jr. Vatican Bank $200 Million
Alan Greenspan Vatican Bank $500 Million
Mitt Romney Vatican Bank $400 Million
Paul Guennette (Friend of Bush Sr) Vatican Bank $700 Million
Michael Herzog Vatican Bank $500 Million
Bill & Hillary Clinton Vatican Bank $400 Million
Clearly these thugs are worried, as the America people are getting very angry with the gangsters. The full story is here...
Here's the bottom line... "The Stock WILL Crash" because the gangsters want it too! Of course no one but the insiders know the exact time, date, and level it will happen... but it's coming, and soon! Personally, I think it will start this coming Friday with a huge down day!
Here's what I'm expecting...
Monday: Down, for wave B of an ABC (wave 2) up, which shouldn't go past the current low (possibly 1300 spx).
Tuesday: Up, for wave C to complete the wave 2 which could go to 1325-1330 area.
Wednesday: Flat/Down... could be a doji day?
Thursday: Down, should start the sell off of the coming crash.
Friday: Down Big, as the market tanks in fear of something (whatever news is released will be planned).
This is the time I do believe that Primary Wave 3 down starts. While it's possible that this is just a short correction with another high to come later, the odds are extremely against it. I'm sure that the current high will be visited again one day and taken out, but I think we will be in a hyper-inflation time period when that happens.
For now, I'm expecting a that 106 spy FP to be hit, and then after a bounce I'll be looking for the 8300 Dow FP. I don't know if that will be the final bottom or not, as I also have a 20.16 spy FP (about 200 spx and 2,000 Dow)... now that scary as hell!
This of course isn't something I'm expecting this week, but it's coming this year for sure I believe. As for this week, I think Tuesday will be the last chance to get short before another wave of selling hits. I leave you with the latest interview Lindsey Williams did with Alex Jones on February 23rd, 2011...
Alex Jones - Lindsey Williams - February 23rd, 2011 (Part 1)
Whether it is days away or weeks is unknown? That 135.14 spy print is still out there and could be a real FP or a false one? I don't know what it is? There is lot's of technical damage done to the market right now, and the market could just as easily do a 50% retracement tomorrow, followed by a nice wave 3 down on Friday.
I was expecting a bounce today, but it sold off a little more to probably finish a 5th wave down inside a larger wave 1 down. So, "if" the top is really in... then we should rally up to some Fib level tomorrow to make a wave 2 up. Then a wave 3 down could start on Friday.
This is just one scenario, as the other one would indicate an ABC move higher to hit a double top, with a quick pierce above to hit that 135.14 print. Everything looks extremely bearish right now... which is why I'm worried that a bear squeeze happens and smacks the bears in the face again.
I hope I'm wrong on that call, and it's only a wave 2 up with wave 3 to 5 down still yet to follow... instead of an ABC move up. We have another intraday print at 132.85 spy from Tuesday, which is about at the 50% Fib level from last Fridays' high to today's low. If we make it up to that level, and the short term charts start to look over bought again, it would be a good spot to get short again.
However, it might also just be an A wave up, and then a small B down would come next... which would NOT take out the current low, followed by a C wave up squeezing out all the newly trapped bears. So be careful at that level, as it could be a trap?
What I think would be best is for a slow move up all day finally hitting that area late in the afternoon, within 2 hours of the close. That would indicate that the market is still too weak to go higher, as it struggled all day long just to hit a 50% Fib level.
But, if it quickly goes up to that level within the first hour of the day, then it could sell off into a B wave down, and then have a C wave up into the close. The key here is to see how strong the market is during the light volume/midday period. The first couple of hours and the last hour will usually have the strongest volume... hence the strongest buying pressure, or selling pressure.
That's how you just get a feel for the market as it could go either way? Once the 50% level is hit, look at the charts and check the volume, as well as other markets related to the spx (the dollar, oil, gold, etc...). It's not easy, that's for sure! While I'm bearish and think that the market is only going to hit the 50% fib level and then roll over into a wave 3 down by Friday, I won't rule out the possibility of a big rally either.
We are in dangerous waters now, and both bulls and bears are going to be tricked equally. Just don't bet all your chips on one color... that's all.
While I don't think this is the final top, I do believe we are now starting the "topping process", which means that I expect it to have a lot of wild swings in the next 2 weeks before finally tanking really hard. Just be prepared for some volatility!
I wish I knew the answer! Every time it looks like it's ready to run out of juice, it some how manages to go up just a little further. All that POMO money is managing to keep the market up for now, as long as the big institutions don't decide to hit the panic button.
And since the big boys have a direct line to Bernanke, it's unlikely they will sell until they get the "go ahead" message. For us sheep though, we want to know when that is... so we can get short ahead of them! However, only the insiders are given that information, so we'll just have to keep on guessing for now.
Looking at the charts it seems that the bulls could continue this move up some next week too, as 15 and 30 minute charts look ready to pop up on Tuesday morning. However, the 60 seems to be losing it's "mojo", and wants to roll over to the down side. That should indicate that any move up on Tuesday shouldn't last too long.
Of course that's what the charts say, and of course they don't seem to be working lately (duh, when did they ever work? Probably before the March, 2009 low I'd guess). We really need to see that "blow off top" as until that happens, I just can't see them letting this market sell off any.
Just like a "capitulation" move happens on the downside, putting in a nice bottoming tail (look at 02-05-2010), we should see the same thing on the upside. However, a top usually will form over a few days until all the dip buys are gone, while a bottom can be a one day event.
Meaning... when we get that topping tail candle, you should expect a powerful wave 2 back up after the first wave 1 selling is over. Once those dip buyers realize that they can't break the top put in on the capitulation move up, they will sell and the real move down will begin.
It should look similar to late April top which had 2 big down days for wave 1, followed by 2 up days for wave 2... then one more fake out down/up move, and finally wave 3 down to the flash crash low of 1065. While it won't likely take the same pattern, it should look a little like that time period.
This means that if you are tired of chasing the final top in this P2 move up, you could simply wait for the first leg down to happen and the move back up for wave 2 to be over with... then get short. Of course you would miss a nice profit from the wave 1 down, but if you've lost your butt chasing the top, then maybe it's worth it?
While I "think" we could start the selling next week, I really have NO idea? They could keep pushing this up into March or later, as the POMO money is still being put into the market and the big boys aren't selling right now. Until they are told that it's "OK" to start selling, the little guys aren't likely to win the battle to get this market to correct back down.
So, with light volume expected to continue... especially since next week is a shortened one with Monday being a holiday, I'm not expecting too much to happen. Unless they have another False Flag event, I'm expecting some controlled sell offs to reset the charts for a more upside. How much... I don't know?
Sorry gang, but the chart are worthless in this controlled market. Remember what happened after the last Legatus Pilgrimage in September? The market failed to turn down and instead continued on up to the current high. Obviously, they injected more money into the market.
Well, we just had a more recent Pilgrimage this month on the 3rd to the 5th. Once again, the market has continued higher after the meeting. This tells me that there is still more upside to come. So, I'm not going to be shorting anything but quick one day moves (if we get those?) as the big move we are all looking for isn't likely to happen next week, or even the week after that.
I do see them continuing to stretch this out further, with more pain for the bears. Could be March or even April before "the big one" starts down. I'm just not believing this manipulation, but that's what they want us to do... so we'll go broke chasing a top.
There is no signs of this thing stopping right now, as long as they big institutions don't sell (and they won't until Bernanke tells them they can), and the POMO money keeps coming... this market will continue to inch its' way up day after day with only small pullbacks (that will be very controlled).
So again, unless some surprise event (yeah... right! surprise to us sheep only, as the wolves planned it) happens next week, it's business as usual... meaning, "screw the bears" and "lead more bulls to the slaughter house". Just play it safe everyone, as chasing this bull is going to break you if you don't take a breather and still out from time to time.
I plan to sit out most of the time and dip in the short water only for quick moves, hoping that they will actually play out? I refuse to go long at these levels but I respect those brave enough to do so. Riding the bull takes guts, as he can throw you at anytime. I'll wait until he takes a short rest and steal a bit to eat from him.
The bottom line is... "I simply don't know". I'm losing all faith in the bearish cause, so an exit to the sidelines (for me) is the safer play. I refuse to go long and chase this bull on his last run, but I won't bother with trying to pick the spot he will stop. So, it's do or die time for the bears next week. We had our full moon turn date and Gann turn date over the weekend. If we don't start a serious sell off next, it's not likely to happen until March or April.
The insanity continues day in and day out, as the bulls just keep on goring the bears with one thrust after another. This has been one crazy week for me as my website was once again taken down... by whom, I don't know? Repeated IP requests on the theme name forced me to change the theme. Sorry if you guys and gals don't like it... I had to do it.
I'll work on prettying it up over time and hopefully everyone gets used too it. It's a little wider then the previous theme, so I'll have too come up with a new header image (something dark and evil of course). Just be patience with me, as I'll work through the bugs and learn the power and features of this new theme over time.
Ok, on to the market...
The market did go down early in the morning as I expected, and of course it floated back up the rest of the day like it was high on crack or something. The same old B.S. happened as usual... big surprise, right? As for tomorrow, history says it's a down day so maybe us bears might get to eat something?
The charts are once again overbought and ready to roll over... on all short term time frames! Does that mean it will? I doubt it, but hey... I just thought I'd throw that dart out there, and maybe I'll hit the bullseye? (Of course I'm blind folded, turned around backwards, have both hands tied behind my back, with the dart in my mouth!).
So for now, I'll just keep it simple and use this post for a "comment cleaner" and do my bitching in the video. Good luck as usual gang... both bulls and bears. Thanks for your patience.
