Nice bear flag on the short term charts now. We should drop again the last hour of the day. The big support area is 1200-1210 spx and could be the bottom if this is only a “B” wave down with “C” wave up to follow into the first of the year. That should end this wave 2 up, and should be around 1300-1320 spx.
Of course there is still the possibility that the gangsters will pump a bunch of money into the system (secretly of course) to rally this up to that old FP of 138.86 spy and make a triple top. I don’t think that will happen, but you never know with these gangsters as they still have full control of this market and WILL fool the most people with their evil plans.
If Lindsey Williams is right and they don’t crash this pig until late fall of 2012, then we do need to make a final top early next year as we should be entering the largest combination of “Wave 3’s” in the September/October time frame. That means we must have the first subwave one down and two up complete by then.
These subwaves could be labeled “Major Wave”, “Minor Waves”, and “Minute Waves”, as I believe we will start “Intermediate Wave 3” down after this “Intermediate Wave 2” up completes around the projected 1300-1320 spx area. This could be the first week of January of 2012? There will be many subwaves along the way, but “The Big One’s” should all line up late next year in the Sept/Oct time period as Lindsey said.
I’m open minded to a new high before it starts down as the gangsters have clearly made the point that they intend to get every country possible in the maximum amount of debt obtainable before they crash the market. I don’t see it happening in the charts, but we all know how they manipulate them to fool us sheep… so it’s possible, just not likely.
I’ll stick with the market completely Intermediate Wave 2 up around the downward sloping trendline that starts at the May 2nd high, touches the July 7th high, and comes in around 1325 spx today. Of course it will be lower by the first week of January when I think it will hit and should be in the 1300-1320 range. For now, that’s my target… but I won’t rule out being fooled again and making a new high before the plunge.
There is a distinct possibility that we fill the huge gap made from the rally off the Nov lows. However, if this doesn’t happen, I may take the next several weeks off also.
Nice bear flag on the short term charts now. We should drop again the last hour of the day. The big support area is 1200-1210 spx and could be the bottom if this is only a “B” wave down with “C” wave up to follow into the first of the year. That should end this wave 2 up, and should be around 1300-1320 spx.
Of course there is still the possibility that the gangsters will pump a bunch of money into the system (secretly of course) to rally this up to that old FP of 138.86 spy and make a triple top. I don’t think that will happen, but you never know with these gangsters as they still have full control of this market and WILL fool the most people with their evil plans.
If Lindsey Williams is right and they don’t crash this pig until late fall of 2012, then we do need to make a final top early next year as we should be entering the largest combination of “Wave 3’s” in the September/October time frame. That means we must have the first subwave one down and two up complete by then.
These subwaves could be labeled “Major Wave”, “Minor Waves”, and “Minute Waves”, as I believe we will start “Intermediate Wave 3” down after this “Intermediate Wave 2” up completes around the projected 1300-1320 spx area. This could be the first week of January of 2012? There will be many subwaves along the way, but “The Big One’s” should all line up late next year in the Sept/Oct time period as Lindsey said.
I’m open minded to a new high before it starts down as the gangsters have clearly made the point that they intend to get every country possible in the maximum amount of debt obtainable before they crash the market. I don’t see it happening in the charts, but we all know how they manipulate them to fool us sheep… so it’s possible, just not likely.
I’ll stick with the market completely Intermediate Wave 2 up around the downward sloping trendline that starts at the May 2nd high, touches the July 7th high, and comes in around 1325 spx today. Of course it will be lower by the first week of January when I think it will hit and should be in the 1300-1320 range. For now, that’s my target… but I won’t rule out being fooled again and making a new high before the plunge.
Very interesting thoughts Johnny. That would basically be a “triple top” as we hit 135.00 spy on 7-7-2011 and 135.80 spy on 5-2-2011. It would be just enough higher to clear out all those stops above that area. Look at the volume here in this screen shot (http://reddragonleo.com/wp-content/uploads/fp-spy-03-12-2011-showing-138-86-high-timestamp.jpg)… could that be a date?
that would fool a lot of people if we rallied up until April 29th, 2012 and then started to crash the rest of the year. Also notice the date on the FP on the dow transportation (http://reddragonleo.com/wp-content/uploads/fp-dow-joines-tranporation-861-75-low-on-11-24-2011.jpg) which could match up with the 34.65 spy FP, and be the date for it hitting?
I sure hope, but put/call making me nervous…I’m ready to bail in a HOT second!
GOLD Testing 200 SMA: http://niftychartsandpatterns.blogspot.com/2011/12/gold-analysis.html
hahahhahahahahhahha Wave 3
There is a distinct possibility that we fill the huge gap made from the rally off the Nov lows. However, if this doesn’t happen, I may take the next several weeks off also.
BOO-YAH!!!
SPY Trend update: http://niftychartsandpatterns.blogspot.com/2011/12/spy-trend-update.html
yup 200 day is daddy
black cat is illuminati i believe lolz. go opposite way of black katzo
http://screencast.com/t/b8gNEi7MS