Good luck GL… you’re going to need it in this crazy market! I’m not sure about tomorrow, but since we are now forming a bear flag, I’d say we will likely have another leg down today… probably within the next couple of hours based on the charts. Of course they could just turn on the PPT pump, if they exist?
I would say it is about time, for a ramp up job into opx friday. Just to clear out the bears. I am now buying at these levels 1138. Good luck to everyone.
Another thing I keep forgetting is remember is to track the solar flares. Every time there’s an eruption, the market tanks. (Almost) without fail. Very uncanny. I don’t know if it changes moods or what, but it’s very accurate. It could be the catalyst that the criminals wait for?
As for Jackson Hole, I agree there will be some movement, but I bet you a ham sammich we break to the downside before then, and Jackson Hole could even be when the market bounces for an intermediate rally. I guess we’ll have to see.
Unfortunately, I don’t think we are going to get our wave 5 down until next Friday the 26th. Bernanke will be in Jackson Hole and is supposed to speak that day. The moon cycle turn date is over that weekend too, which is more of a reason to expect the market to hit a top around then.
So, we could see some selling tomorrow, but I’m expecting this rally to make an ABC move up into the 26th, and then back down for wave 5. As for the site not allowing comments to be made, it must have been a problem with disqus.
Hey Red, earlier in the morning, I had a message saying I was no longer allowed to make comments here, but I don’t see that message any more. Did something happen with the site earlier?
Anyway, we literally crawled along the bottom support of the wedgie the ENTIRE last 2 hours of trading today, so if there’s a gap down tomorrow, that’s an easy ballz-out short. In fact, if the market DOES NOT end tomorrow AT LEAST 1207, it broke the trendline. If the criminals don’t make the market pop tomorrow, then it’s HAMMER TIME!
Good luck GL… you’re going to need it in this crazy market! I’m not sure about tomorrow, but since we are now forming a bear flag, I’d say we will likely have another leg down today… probably within the next couple of hours based on the charts. Of course they could just turn on the PPT pump, if they exist?
I would say it is about time, for a ramp up job into opx friday. Just to clear out the bears. I am now buying at these levels 1138. Good luck to everyone.
Here’s a quick 5 minute video of my thoughts gang…
http://screencast.com/t/NPUvC5O3R0
what is the target
ES Chart:http://niftychartsandpatterns.blogspot.com/2011/08/s-500-futures-moving-towards-trend-line.html
Hmmm… could be? It just doesn’t feel ready to collapse yet to me though… but surprise is what the gangsters do best, so anything is possible.
Another thing I keep forgetting is remember is to track the solar flares. Every time there’s an eruption, the market tanks. (Almost) without fail. Very uncanny. I don’t know if it changes moods or what, but it’s very accurate. It could be the catalyst that the criminals wait for?
As for Jackson Hole, I agree there will be some movement, but I bet you a ham sammich we break to the downside before then, and Jackson Hole could even be when the market bounces for an intermediate rally. I guess we’ll have to see.
Unfortunately, I don’t think we are going to get our wave 5 down until next Friday the 26th. Bernanke will be in Jackson Hole and is supposed to speak that day. The moon cycle turn date is over that weekend too, which is more of a reason to expect the market to hit a top around then.
So, we could see some selling tomorrow, but I’m expecting this rally to make an ABC move up into the 26th, and then back down for wave 5. As for the site not allowing comments to be made, it must have been a problem with disqus.
Hey Red, earlier in the morning, I had a message saying I was no longer allowed to make comments here, but I don’t see that message any more. Did something happen with the site earlier?
Anyway, we literally crawled along the bottom support of the wedgie the ENTIRE last 2 hours of trading today, so if there’s a gap down tomorrow, that’s an easy ballz-out short. In fact, if the market DOES NOT end tomorrow AT LEAST 1207, it broke the trendline. If the criminals don’t make the market pop tomorrow, then it’s HAMMER TIME!
SPX Analysis after closing bell: http://niftychartsandpatterns.blogspot.com/2011/08/s-500-analysis-after-closing-bell_18.html