According to some folks on your buddy Cobra’s blog, some uber-bullish folks have become bearish at the least the beginning of the this week, which kind of makes sense because the OPX manipulators may want the market to tank early on before ramping it back up towards Friday, which would be the bull trap. I have no way to validate their track records, so I’ll be very flexible the rest of the month…
LOL… believe me, there won’t be any bears left if we go up to that 127.07 print. They will all become bulls and buy the first dip. I would too, if I didn’t know about Legatus. I would be expecting the first move down to be a dip that should be bought. This next move down should give us the “capitulation” that we didn’t really see at 1074.
That’s what I’m thinking…I just hope they haven’t changed their plans yet again to create a headfake bull trap, then a headfake bear trap and then ramp it up again. This is too damn complicated!
And that is the “bull’s trap”… thinking that it will go higher once it hit’s the 1270 spx area. The first dip will be bought but it will keep selling off, and the bulls will keep buying on the way down… only to panic when they discover it’s not a “B” wave down but instead the start of a wave 5 down. I think a lot of traders are going to be fooled starting the week of October 23rd.
I’m pretty much open to everything…including that the 127 print might be a decoy. The macro TA seems to be working, according to price-time, but the micro level stuff seems to be easily manipulated, especially the 3rd week of July, which was unexpected. Weird stuff. If it actually ramps up to 127, I might even be open to even higher highs.
Yes… so let’s hope that the “price” is the 127.07 SPY FP, and the “time” is the week starting after the end of the Legatus meeting. It’s worked in the past, and since technical analysis is worthless right now, it’s the only thing left.
This video is free and you can watch the best speech of the last few years no matter what back-round or belief system you have. Hope you enjoy this radical speech!
According to some folks on your buddy Cobra’s blog, some uber-bullish folks have become bearish at the least the beginning of the this week, which kind of makes sense because the OPX manipulators may want the market to tank early on before ramping it back up towards Friday, which would be the bull trap. I have no way to validate their track records, so I’ll be very flexible the rest of the month…
LOL… believe me, there won’t be any bears left if we go up to that 127.07 print. They will all become bulls and buy the first dip. I would too, if I didn’t know about Legatus. I would be expecting the first move down to be a dip that should be bought. This next move down should give us the “capitulation” that we didn’t really see at 1074.
That’s what I’m thinking…I just hope they haven’t changed their plans yet again to create a headfake bull trap, then a headfake bear trap and then ramp it up again. This is too damn complicated!
And that is the “bull’s trap”… thinking that it will go higher once it hit’s the 1270 spx area. The first dip will be bought but it will keep selling off, and the bulls will keep buying on the way down… only to panic when they discover it’s not a “B” wave down but instead the start of a wave 5 down. I think a lot of traders are going to be fooled starting the week of October 23rd.
I’m pretty much open to everything…including that the 127 print might be a decoy. The macro TA seems to be working, according to price-time, but the micro level stuff seems to be easily manipulated, especially the 3rd week of July, which was unexpected. Weird stuff. If it actually ramps up to 127, I might even be open to even higher highs.
Yes… so let’s hope that the “price” is the 127.07 SPY FP, and the “time” is the week starting after the end of the Legatus meeting. It’s worked in the past, and since technical analysis is worthless right now, it’s the only thing left.
Price and time are the most powerful forces, especially on a macro level…just a thought…
I know… it’s crazy! I really just don’t know what to say at this point, as technical analysis is worthless when it’s being manipulated so heavily.
So far ES is running up overnight.This is nuts. No pull back.
This video is free and you can watch the best speech of the last few years no matter what back-round or belief system you have. Hope you enjoy this radical speech!
http://chuckbaldwinlive.com/home/?p=4057