The FP on the SPY from September 19th showing 202.45 has now been hit and is currently the high of the day. While I’ve noticed in the past that FP’s are usually pierced by a little bit before a turn in the other direction this one has not done that… yet.
If it ends up being the high for today then we could start our pullback Tuesday. It’s certainly strange to see an “exact” hit of the FP and would be strange if that was the high but you it could be as simple as that?
New lows shot up again on Friday per stock charts to over 100 but the WSJ data does not corroborate. They had 58. Still quite an elevated number this late into a kickoff and even on a big upday. The liftoff in October 2011 never saw new lows rise above 20 ish.
A component of a certain little indicator did reach a level seen at the B Wave top double7 years ago which is pretty much as overbought as it can get. It can get a little higher which is usually seen at initiation thrusts of new bull legs.
The $ndx/ Apple 100 did jump to new highs but it did so as well at the aforementioned B Wave High spending one candle in new high territory.
RSI levels on 60 min and lower time frames did put in lower RSI levels at the end of the day.
I noticed how big the moon was a few days ago and checked out that the moon goes perigree Sunday night/ Monday morning or right about now near full moon status.
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Ok. I’ll check on that..but I posted it a couple of other places earlier and it came up for other commenters. But..when you have a chance..look for a chart of that time period I mentioned(Aug 07//Mar 08).. look at it…and see if you can post a chart of it here.
If..and I stress “if” we’re were to drop hard next week..the comparison to Oct 2007,and the previous 2 months..and our Oct now,and the previous 2 months..would match pretty well.
That kind of “comparison”thinking “doesn’t work always ..but then again..sometimes it does..or “seems” too.
Will..it comes up for me..on “your” site. I just did it. Let me try posting it again on THIS post. If it still doesn’t come up for you..go back and look at the market action between about Aug 2007 and Mar 2008..and you’ll see what I’m talking about.
We’ll find out soon..but obviously markets can and do just take off and run again and again for years to multiple new ATH’s..confusing the majority that just don’t believe in it. It’s how and why markets climb walls of worry for so long with so few on board. But,and it’s a big ‘BUT’… if today is truly the last “trick or treat” on the bears..then we’re going to need to sell off hard next week and not come back up here to the Dow 17,000’s or north of SPX 2000 for a long,long time.
I don’t believe much in time and chart correlation comparisons of now vs the past…but for those that do like that sort of thing…the situation going on right now…with a new and 2nd ATH..high just a bit higher than the previous high 2 months ago at SPX 2011.36…similar action was happening pretty much the same way in Oct of 2007..right before the market really started getting serious about heading lower into Mar 2009.A big peak in the 1575 area…a big drop to 1425..and then one final big rally peak just a little higher in Oct of 2007.
Interesting to look at the late 2007 /early 2008 chart I’ll post and compare the action in Oct of 2007 and this Oct of 2014.
I never thought we’d see it so soon though. I was expecting a move down to the mid 1700’s first and then a ramp up to this print in 2015 sometime. Is this the end of the bull market? Does this make a Primary Wave 5 up or is it just an extension of Primary Wave 3 up and P4 down is yet to come?
The FP on the SPY from September 19th showing 202.45 has now been hit and is currently the high of the day. While I’ve noticed in the past that FP’s are usually pierced by a little bit before a turn in the other direction this one has not done that… yet.
If it ends up being the high for today then we could start our pullback Tuesday. It’s certainly strange to see an “exact” hit of the FP and would be strange if that was the high but you it could be as simple as that?
http://reddragonleo.com/wp-content/uploads/SPY-FP-202.45-on-09-19-2014.png
New lows shot up again on Friday per stock charts to over 100 but the WSJ data does not corroborate. They had 58. Still quite an elevated number this late into a kickoff and even on a big upday. The liftoff in October 2011 never saw new lows rise above 20 ish.
A component of a certain little indicator did reach a level seen at the B Wave top double7 years ago which is pretty much as overbought as it can get. It can get a little higher which is usually seen at initiation thrusts of new bull legs.
The $ndx/ Apple 100 did jump to new highs but it did so as well at the aforementioned B Wave High spending one candle in new high territory.
RSI levels on 60 min and lower time frames did put in lower RSI levels at the end of the day.
I noticed how big the moon was a few days ago and checked out that the moon goes perigree Sunday night/ Monday morning or right about now near full moon status.
Good news to everyone reading this comment. I want to share my testimony on how i belong to the world famous illuminate fraternity society, and how i have become more famous, by acquiring huge wealth, riches and fame. Here is how my life changed. A friend of mine that was very rich, wealthy, famous and successful. On one beautiful day, he said to me that he is going to help me, that he is going to show me the way to be successful in life. So i was very happy, i never knew he was a member of the great illuminate society. So i was initiated to the world famous illuminate society, and few days later, i was awarded a contract worth millions of Dollars. Right now as i speak, in my business i am doing very well, i travel the world on business deals, i am now the one that help people to become a member of illuminate, before life was so hard for me and my family. If you want to belong to us today? Send us an email now> joinilluminati205@gmail.com or call +2348105578036 and your life will change for good……
Good news to everyone reading this comment. I want to share my testimony on how i belong to the world famous illuminate fraternity society, and how i have become more famous, by acquiring huge wealth, riches and fame. Here is how my life changed. A friend of mine that was very rich, wealthy, famous and successful. On one beautiful day, he said to me that he is going to help me, that he is going to show me the way to be successful in life. So i was very happy, i never knew he was a member of the great illuminate society. So i was initiated to the world famous illuminate society, and few days later, i was awarded a contract worth millions of Dollars. Right now as i speak, in my business i am doing very well, i travel the world on business deals, i am now the one that help people to become a member of illuminate, before life was so hard for me and my family. If you want to belong to us today? Send us an email now> joinilluminati205@gmail.com or call +2348105578036 and your life will change for good.
Ok. I’ll check on that..but I posted it a couple of other places earlier and it came up for other commenters. But..when you have a chance..look for a chart of that time period I mentioned(Aug 07//Mar 08).. look at it…and see if you can post a chart of it here.
If..and I stress “if” we’re were to drop hard next week..the comparison to Oct 2007,and the previous 2 months..and our Oct now,and the previous 2 months..would match pretty well.
That kind of “comparison”thinking “doesn’t work always ..but then again..sometimes it does..or “seems” too.
You must be logged into to stockcharts as a member as it’s all just a bunch of random letters, numbers, and symbols on my end.
Will..it comes up for me..on “your” site. I just did it. Let me try posting it again on THIS post. If it still doesn’t come up for you..go back and look at the market action between about Aug 2007 and Mar 2008..and you’ll see what I’m talking about.
http://d.stockcharts.com/img/articles/2011/07/6a0105370026df970c014e89d53b0c970d-800wi
That link is bad…
We’ll find out soon..but obviously markets can and do just take off and run again and again for years to multiple new ATH’s..confusing the majority that just don’t believe in it. It’s how and why markets climb walls of worry for so long with so few on board. But,and it’s a big ‘BUT’… if today is truly the last “trick or treat” on the bears..then we’re going to need to sell off hard next week and not come back up here to the Dow 17,000’s or north of SPX 2000 for a long,long time.
I don’t believe much in time and chart correlation comparisons of now vs the past…but for those that do like that sort of thing…the situation going on right now…with a new and 2nd ATH..high just a bit higher than the previous high 2 months ago at SPX 2011.36…similar action was happening pretty much the same way in Oct of 2007..right before the market really started getting serious about heading lower into Mar 2009.A big peak in the 1575 area…a big drop to 1425..and then one final big rally peak just a little higher in Oct of 2007.
Interesting to look at the late 2007 /early 2008 chart I’ll post and compare the action in Oct of 2007 and this Oct of 2014.
http://d.stockcharts.com/img/articles/2011/07/6a0105370026df970c014e89d53b0c970d-800wi
Here’s the FP of the SPY where the insiders were told the market was going to http://reddragonleo.com/wp-content/uploads/SPY-FP-202.45-on-09-19-2014.png
I never thought we’d see it so soon though. I was expecting a move down to the mid 1700’s first and then a ramp up to this print in 2015 sometime. Is this the end of the bull market? Does this make a Primary Wave 5 up or is it just an extension of Primary Wave 3 up and P4 down is yet to come?