Ok gang, I didn’t get a chance to do an update last night…. sorry about that. But if I had, I’d been wrong because I thought we would open up with a gap down to retest the broken trendline of resistance now support.
Instead, we now see the market running up 15 points higher! I’m not sure what to think of this as I really expected it to rollover some this morning. But, I want to throw this idea out there for you as a “possibility”… and while I’m not saying this is what’s going to happen, you still need to know about it.
Last week Obama created a new Job’s Stimulus plan and basically just injected the market with 400+ Billion, as we all know that money went straight to the Wall Street Gangsters… not for the creation of new jobs. That could very well be called a “Light Version of QE3”.
So, if that’s true… how high do they plan to take the market? Great question, and while I can’t see this being hit right now, this FP from a few weeks back might be the answer? If we rollover hard today and crash tomorrow, then NO… this print isn’t likely to be hit. But, don’t bury your head in the sand and forget about what they can do with $400+ Billion Dollars.
Also, if you remember past video’s I’ve done, there is some uncertainty about whether or not we have completed 5 waves down in the first Major Wave 1 down. What if it is completed now, and we are now starting Major wave 2 up? This “could” carry us all the way into the Legatus meeting and peak at that FP of 127.07 SPY?
Surprises and mis-direction is the name of the game for these gangsters and the biggest surprise and mis-direction could be staring us right in the face. While the Main Stream Media (MSM) was focused on the Greece problem, Obama quietly sneaks in QE3 and the sheep don’t see it because all eyes are focused on the Euro crashing.
Listen to their keywords Lindsey Williams say, and read between the lines in what the MSM is telling us. I think they just told us that they plan to hold this market up for awhile longer.
There was a false print for the $hsi (hang seng index) at stockcharts.com that measured down to 14K but it is no longer there. But there was one for $ibex in the opposite direction that I have seen 3 times in the last few weeks. (I saw it today but it has disappeared also)
Tomorrow is Tebowmaniaaa day. Also the the 3rd anniversary of Lehman Day but will they use the 9-15 number again. It is 497 (777) days from the flash crash or 7×71 weeks ie 7×8. ..
In Monday nights Patriots-Dolphins games. QBs Tom Brady#12 and Chad Henne#7 were pitted against each other or 127 or the December 7 number. A memorable date 12-7-1941.
Plent of market moving economic data for tomorrow to get little wave 3 going.
VKML.
Bought another 20% short at 1198 Total 70% short as of the moment.
Ok gang, I didn’t get a chance to do an update last night…. sorry about that. But if I had, I’d been wrong because I thought we would open up with a gap down to retest the broken trendline of resistance now support.
Instead, we now see the market running up 15 points higher! I’m not sure what to think of this as I really expected it to rollover some this morning. But, I want to throw this idea out there for you as a “possibility”… and while I’m not saying this is what’s going to happen, you still need to know about it.
Last week Obama created a new Job’s Stimulus plan and basically just injected the market with 400+ Billion, as we all know that money went straight to the Wall Street Gangsters… not for the creation of new jobs. That could very well be called a “Light Version of QE3”.
So, if that’s true… how high do they plan to take the market? Great question, and while I can’t see this being hit right now, this FP from a few weeks back might be the answer? If we rollover hard today and crash tomorrow, then NO… this print isn’t likely to be hit. But, don’t bury your head in the sand and forget about what they can do with $400+ Billion Dollars.
http://reddragonleo.com/wp-content/uploads/spy-fp-8-31-2011-showing-127.07-upside-and-119.06-downside1.png
Also, if you remember past video’s I’ve done, there is some uncertainty about whether or not we have completed 5 waves down in the first Major Wave 1 down. What if it is completed now, and we are now starting Major wave 2 up? This “could” carry us all the way into the Legatus meeting and peak at that FP of 127.07 SPY?
Surprises and mis-direction is the name of the game for these gangsters and the biggest surprise and mis-direction could be staring us right in the face. While the Main Stream Media (MSM) was focused on the Greece problem, Obama quietly sneaks in QE3 and the sheep don’t see it because all eyes are focused on the Euro crashing.
Listen to their keywords Lindsey Williams say, and read between the lines in what the MSM is telling us. I think they just told us that they plan to hold this market up for awhile longer.
US Dollar reverses to 200 SMA: http://niftychartsandpatterns.blogspot.com/2011/09/us-dollar-reverses-to-its-200-dma.html
You can say that again GG! Holy Cow indeed! This is nuts!
holy cow, ES just jumped 10 pts in seconds to 1201
it’s not even 9:10 EST yet.
SILVER Chart: http://niftychartsandpatterns.blogspot.com/2011/09/silver-breaks-50-day-sma.html
There was a false print for the $hsi (hang seng index) at stockcharts.com that measured down to 14K but it is no longer there. But there was one for $ibex in the opposite direction that I have seen 3 times in the last few weeks. (I saw it today but it has disappeared also)
Tomorrow is Tebowmaniaaa day. Also the the 3rd anniversary of Lehman Day but will they use the 9-15 number again. It is 497 (777) days from the flash crash or 7×71 weeks ie 7×8. ..
In Monday nights Patriots-Dolphins games. QBs Tom Brady#12 and Chad Henne#7 were pitted against each other or 127 or the December 7 number. A memorable date 12-7-1941.
Plent of market moving economic data for tomorrow to get little wave 3 going.
i imagine greece defaults next week—look for QQQ to retest 50 after that news—if not then, then –well probably will happen.
SPX 1227
http://zstock7.com/?p=5472
and already have shorts on TGT, my cover exits posted.