Red, please remember that during mercury retrograde. That all technical studies on the market go out the window. Very difficult to interpret. Mercury goes direct latter Friday. From next week onward it will be easier to read the market.
I haven’t heard a thing since I turned on the TV about jobless claims being 417K, way, way over the consensus. Oh yeah…Immelt to CNBC…”Put on that Buffett thing! We gotta drown out the claims data!” I momentarily forgot how it works.
I’m with you GL… the gap is filled now, and Bernanke has NO bullets left. I can’t see anyway possible that we don’t sell off after he speaks. Today’s gap up manipulation is a sign to me that they know it’s going down so they are trying to get it up as high as possible before that happens.
If we would have sold off into the meeting then I would expect a rally from it, but we are rallying into it, therefore we should sell off after it. Nothing he says is going to help. With or without QE3 this should still be a “sell the news” event.
I’m still short… but not like it right now. Total BS here, as the charts say this would go down this morning. More manipulation again. I should be used to this by now, as they always trick everyone on these moves.
But, it’s coming back down now… so maybe it’s an “exhaustion” gap up and now we can sell off some? Not that I think it will be big selling as that’s not likely to happen before Bernanke speaks, but it still should go down and work off the overbought conditions on the short term charts before rallying more… if it’s going to do that?
Hope you guys aren’t too short here. It might be okay, but obviously not this morning. I am going to consult the calibrator later today. Re: the length of this move.
Just heard Bradley’s song for the first time in a while (probably 5-13) http://www.youtube.com/watch?v=z-L3D8vKBCM I heard this song on 5-1 about one hour before the Bin Laden ritual and then a little after midnight on 5-13 (Friday the 13th 703years7months from the original Friday the 13th). It was 8xxx on my radio clock which is the incorrect time. I have been getting very eerie premonitions with this song. Also saw sailboat sailing with the sail number 87565 right around my birthday which was about the time the crash phase began.
We have a Bradley’s date approaching that is also connected to the original Friday the 13th. August 16 was 703years307 days from that date when we also had an astro-match to the 1987 crash and the market turned down from there. 19years4months later. The day of infamy number. Notice the Dow was down minus 419 pts last week while up 322 yesterday. (Today is 3months 22days from 5-2) Notice the mention of the 19 4 number in the top of the comments section of that link. Dow was also down 512pts a few weeks ago. 512=8x8x8 October 11,2007 high to March 6,2009 bottom was 512 days.
I expected big things today, 8-24, ie 8-888 but I was disappointed. But it looks like Steve Jobs picked a good day to resign.
Red, please remember that during mercury retrograde. That all technical studies on the market go out the window. Very difficult to interpret. Mercury goes direct latter Friday. From next week onward it will be easier to read the market.
Best of luck
I will sell some of my shorts if we reach that fake print.
I haven’t heard a thing since I turned on the TV about jobless claims being 417K, way, way over the consensus. Oh yeah…Immelt to CNBC…”Put on that Buffett thing! We gotta drown out the claims data!” I momentarily forgot how it works.
I’m with you GL… the gap is filled now, and Bernanke has NO bullets left. I can’t see anyway possible that we don’t sell off after he speaks. Today’s gap up manipulation is a sign to me that they know it’s going down so they are trying to get it up as high as possible before that happens.
If we would have sold off into the meeting then I would expect a rally from it, but we are rallying into it, therefore we should sell off after it. Nothing he says is going to help. With or without QE3 this should still be a “sell the news” event.
I finally got my the rest of my shorts at the 1188 level as I wanted. Should be interesting after BB speaks, on what the markets will or will not do.
I’m still short… but not like it right now. Total BS here, as the charts say this would go down this morning. More manipulation again. I should be used to this by now, as they always trick everyone on these moves.
But, it’s coming back down now… so maybe it’s an “exhaustion” gap up and now we can sell off some? Not that I think it will be big selling as that’s not likely to happen before Bernanke speaks, but it still should go down and work off the overbought conditions on the short term charts before rallying more… if it’s going to do that?
Hope you guys aren’t too short here. It might be okay, but obviously not this morning. I am going to consult the calibrator later today. Re: the length of this move.
SILVER Testing 50 SMA: http://niftychartsandpatterns.blogspot.com/2011/08/silver-testing-50-sma.html
Euro/JPY picking up serious steam. Just a BIG move so far. And now the violent moves in Gold and the SPX are showing up. So, been a great two weeks.
Thanks to Red for providing a forum where I can additionally see the FP’s.
Just heard Bradley’s song for the first time in a while (probably 5-13) http://www.youtube.com/watch?v=z-L3D8vKBCM I heard this song on 5-1 about one hour before the Bin Laden ritual and then a little after midnight on 5-13 (Friday the 13th 703years7months from the original Friday the 13th). It was 8xxx on my radio clock which is the incorrect time. I have been getting very eerie premonitions with this song. Also saw sailboat sailing with the sail number 87565 right around my birthday which was about the time the crash phase began.
We have a Bradley’s date approaching that is also connected to the original Friday the 13th. August 16 was 703years307 days from that date when we also had an astro-match to the 1987 crash and the market turned down from there. 19years4months later. The day of infamy number. Notice the Dow was down minus 419 pts last week while up 322 yesterday. (Today is 3months 22days from 5-2) Notice the mention of the 19 4 number in the top of the comments section of that link. Dow was also down 512pts a few weeks ago. 512=8x8x8 October 11,2007 high to March 6,2009 bottom was 512 days.
I expected big things today, 8-24, ie 8-888 but I was disappointed. But it looks like Steve Jobs picked a good day to resign.