When FF goes downward, that is increasing fear. FF often leads the
market. When FF keeps going down, although equities markets are
floating like a helium PIIG, that is time to watch out below.
Right now we have a total bubble in “NON FEAR” Bubbles never end well. Just ask Silver.
I agree that staying short seems the most reasonable thing to do.
A couple of comments on the wave structure: I have noticed that over the last few years most of the down waves seem to stop short of their “natural” fib retracement, while most of the up waves seem to go further than one would expect.
I think this current intermediate wave (2) will probably go to 1306, which is the 0.786 retracement from the (1) down. The only other thing is that (2) has been very quick, time-wise: (1) down took around four months whereas (2) up has only been going for 4 weeks, but I don’t really know if that has any real meaning…
As far as targets go, I am thinking that Intermediate (3) will go to about 800, and then Primary 3 should continue down to below 500.
Like you I can’t wait for being in the middle of wave 3 of (3) of P3!
EU QE1 won’t help the average worker. this post sort of explains why.
overworked america– http://motherjones.com/politics/2011/06/speedup-americans-working-harder-charts#disqus_thread
and in the comments section, there are a lot of TROLLS—u can see first hand for yourself,
how un educated America is, when it comes to the big banks, and
bernanke’s plan to ship 40,000,000 more jobs overseas, next 10 years.
FEAR FACTOR Bubble in NON-FEAR
Your Briefing on
FEAR FACTOR (FF)
When FF goes downward, that is increasing fear. FF often leads the
market. When FF keeps going down, although equities markets are
floating like a helium PIIG, that is time to watch out below.
Right now we have a total bubble in “NON FEAR” Bubbles never end well. Just ask Silver.
http://oahutrading.blogspot.com/2011/10/fear-factor-bubble-in-non-fear.html
Thanks for your video update, Red.
I agree that staying short seems the most reasonable thing to do.
A couple of comments on the wave structure: I have noticed that over the last few years most of the down waves seem to stop short of their “natural” fib retracement, while most of the up waves seem to go further than one would expect.
I think this current intermediate wave (2) will probably go to 1306, which is the 0.786 retracement from the (1) down. The only other thing is that (2) has been very quick, time-wise: (1) down took around four months whereas (2) up has only been going for 4 weeks, but I don’t really know if that has any real meaning…
As far as targets go, I am thinking that Intermediate (3) will go to about 800, and then Primary 3 should continue down to below 500.
Like you I can’t wait for being in the middle of wave 3 of (3) of P3!
Keep up the great work.
Red, Thanks for your time and research.
New Post…
http://reddragonleo.com/2011/10/30/is-the-stock-market-still-going-to-crash-even-though-the-turndate-has-passed/
more EU QE1 info
it should send the QQQ to 68-by 2013,
and gold to 2200 within 10 months.
EU QE1 won’t help the average worker. this post sort of explains why.
overworked america–
http://motherjones.com/politics/2011/06/speedup-americans-working-harder-charts#disqus_thread
and in the comments section, there are a lot of TROLLS—u can see first hand for yourself,
how un educated America is, when it comes to the big banks, and
bernanke’s plan to ship 40,000,000 more jobs overseas, next 10 years.
S&P 500 Weekend update: http://niftychartsandpatterns.blogspot.com/2011/10/s-500-weekend-update_30.html
that’s what i’m watching for.. god help wallstreet if the month begin flows don’t come in.
http://practicalt.blogspot.com/2011/10/october-fest.html
salut!
http://www.etf-corner.com/
Italian bonds being dumped even more now, all the PIIGS will follow. Here come the intended consequences.