US dollar up over the Canadian. My entire database(85,000) thought I was totally nuts when I told them that this was going to occur. That is what made me more emboldened with the call. I am pretty happy about this, most of my holdings are in the US. When gold was 250 in 2001 just as many people thought I was insane for saying it was going to a thousand. All of them now claim they never said that. People, they’re the worst.
For the first time, I think my projected market moves are very different to what you have mentioned – not that I’m right, in fact, I think you might be closer to the truth than I would like to believe.
I have the markets going down (in a choppy fashion) to 1000-1048, reaching that level somewhere between late Sep and mid Oct. That would be my wave (1) down from the May top. From there a strong rally (a-b-c) to around 1250 by the end of the year, to a wave (2) top.
Then, at last, the long awaited (3) of 3… timing’s a little fuzzy, to be honest.
Now, none of this has taken the Legatus, or the FOMC (20/21 Sep), into account. Nor have I looked at the FPs, so the trick I have to perform now is to try and see how all the good info you have will fit into my projection.
I really like the significance of:
“In the middle of the time period between October 23rd and December 7th
you have a once in a hundred year occult date happen… 11/11/11!”
It all sounds so juicy, I almost want it to happen!! I was going to sell all my VXX soon – maybe I’ll hold on to some a little bit longer….
Contagion was released this weekend……………………..
It looks like another accurate hit for my customized market manipulation signals……Notice the starting QBs for the official NFL opener on Thursday….#9 and #12,,,the last 2 SuperBowl MVPs,Rodgers and Brees….or 129 and we just had a 129pts rally off SP1101 to 1230, followed by a secondary peak at 1229 the next day which so happened to be the .618 pt for the October 2007 high to March 6,2009 low.
Looking very doubtful now for that 500pt rally tomorrow or even the original SP 1260 by Monday target. Maybe the bulls will get lucky and the lower BB puts a brake on the downmove. Calling for rallies when the euro is crashing.
why are comments chopped off on the right margin of web page. anywho any rally
should be shorted as ive said for last month. preferably in 1220 range. if we
see it. 200 day and 50 day still much above and declining. still short and
staying short but may take some profit tomorrow if it starts to climb back in
channel. had to use google chrome to see the comment button to post also
I am not clear on what you are trying to communicate here. If you are are referring to a fake out to the up side. I fully agree with you. They (Big Boys) are going to wipe out a lot of bears on this last rally. To appoint where a lot of the bears are going to run out of ammo.
It is interesting on some of the sites I read. I can gauge on most days, on what the market is going to do on the following day. Simply by doing the opposite of what most of the traders are going to do the following day. Although I screwed up last friday. But I would say 90% of the time you can get a pretty good idea on the market direction.
SILVER Testing 50 DAY SMA: http://niftychartsandpatterns.blogspot.com/2011/09/silver-testing-50-sma_12.html
US dollar up over the Canadian. My entire database(85,000) thought I was totally nuts when I told them that this was going to occur. That is what made me more emboldened with the call. I am pretty happy about this, most of my holdings are in the US. When gold was 250 in 2001 just as many people thought I was insane for saying it was going to a thousand. All of them now claim they never said that. People, they’re the worst.
ES Triangle updated: http://niftychartsandpatterns.blogspot.com/2011/09/s-500-futures-triangle-updated.html
Great post as always, Red.
For the first time, I think my projected market moves are very different to what you have mentioned – not that I’m right, in fact, I think you might be closer to the truth than I would like to believe.
I have the markets going down (in a choppy fashion) to 1000-1048, reaching that level somewhere between late Sep and mid Oct. That would be my wave (1) down from the May top. From there a strong rally (a-b-c) to around 1250 by the end of the year, to a wave (2) top.
Then, at last, the long awaited (3) of 3… timing’s a little fuzzy, to be honest.
Now, none of this has taken the Legatus, or the FOMC (20/21 Sep), into account. Nor have I looked at the FPs, so the trick I have to perform now is to try and see how all the good info you have will fit into my projection.
I really like the significance of:
“In the middle of the time period between October 23rd and December 7th
you have a once in a hundred year occult date happen… 11/11/11!”
It all sounds so juicy, I almost want it to happen!! I was going to sell all my VXX soon – maybe I’ll hold on to some a little bit longer….
Brees threw for the day of infamy number of yards but otherwise didn’t spend a great deal of time crunching the numbers for any signals.
Contagion was released this weekend……………………..
It looks like another accurate hit for my customized market manipulation signals……Notice the starting QBs for the official NFL opener on Thursday….#9 and #12,,,the last 2 SuperBowl MVPs,Rodgers and Brees….or 129 and we just had a 129pts rally off SP1101 to 1230, followed by a secondary peak at 1229 the next day which so happened to be the .618 pt for the October 2007 high to March 6,2009 low.
Looking very doubtful now for that 500pt rally tomorrow or even the original SP 1260 by Monday target. Maybe the bulls will get lucky and the lower BB puts a brake on the downmove. Calling for rallies when the euro is crashing.
http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=3&mn=0&dy=0&id=p55374906526 19 ema 39 ema bags some more points . not bad for an archaic indicator i believe a black cat called it
why are comments chopped off on the right margin of web page. anywho any rally
should be shorted as ive said for last month. preferably in 1220 range. if we
see it. 200 day and 50 day still much above and declining. still short and
staying short but may take some profit tomorrow if it starts to climb back in
channel. had to use google chrome to see the comment button to post also
I am not clear on what you are trying to communicate here. If you are are referring to a fake out to the up side. I fully agree with you. They (Big Boys) are going to wipe out a lot of bears on this last rally. To appoint where a lot of the bears are going to run out of ammo.
It is interesting on some of the sites I read. I can gauge on most days, on what the market is going to do on the following day. Simply by doing the opposite of what most of the traders are going to do the following day. Although I screwed up last friday. But I would say 90% of the time you can get a pretty good idea on the market direction.
I fully agree Red, this will be the last rally this week before the sh-t hits the fan.