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Today was a 40 year anniversary date. The market bottomed on December 4,1974 to end the lethal 73-74 bear market about the time the master operator from Omaha was accumulating massive stakes in the market. The last true value low in the market. I guess the market has been holding up for this date. Does this then imply a 2 year bear market into the next election with an Obozo impeachment/ resignation ala the Watergate lows of 1974???

Then we have a 100 year anniversary date, one of the operators best commemorations/ best kept secrets, part of the nefarious 25 year (666weeks x2) cycle which tends to stray a couple of years at times.

“No Santa Rally for You” says the soup Nazi… One HUGE Buyer getting some January, 2015 20/22 Call Stupid on the VIX (not sure what the “Stupid” means though?). These implies we’ll go up more on the SPX into the expiration morning of December 17th (which later that day we have FOMC minutes) and then it seems that some expects the VIX to go up and the market down.

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Sure looks that way to me Scott. But that doesn’t mean the SPX is going to explode upward… only that there won’t be much fear between now and opx Friday. From a technical point of view we should still pullback at a double top for at least a day, and then chop around some before running to 2100+ I believe.

Maybe they run up a little more this week and then drop back next week? I still think we’ll put a low in next Thursday or Friday before a squeeze higher the week of option expiration.

so someone is taking a gamble that the SPX is heading higher by 12/17. I guess is possible.

I am seeing 2018 as bottom in the next 2 weeks

The market is looking like it might have topped last week. If so I’d expect a move down for about 2 weeks before the Santa Rally starts. Considering how overbought it currently is a move down should be welcome for the bulls if they want Santa to bring them more bear meat to eat.

I’d guess that we’ll drop until next Thursday/Friday, December 11th/12th before bottoming. While we should drop 100 or more points I doubt if we see half that amount because of the time of the year it is. With so many traders leaving early for Christmas Holiday’s SkyNet will have full control to move it up and down at a much slower pace then when the big boys are trading.

Big Institutions aren’t likely to dump anything heavy the rest of the years so we’ll just likely see some up and down chop until SkyNet shakes out that last bull and teases enough bears. I’ll just be day trading in and out, both long and short… but more short over the next 2 weeks I think. I just don’t see a multi-day trend down or up at this time, so quick trades are all I can do for now.

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