Yesterday’s Dow down number, -512, a very occultic number I see everywhere, reminded me of the -777 Dow day of 9-29-2008. It was, curiously, 1039 days from 9-29-08 and 1393 days from the 10-11-2007 bull market high. Switch that 9 around to a 6 and you have the Miami Thrice number. 512 number I see in corporate prices and has even been assigned to me in a certain manner. It also seems to be associated with 555. Yesterday was also 2years 10months 5 days from 9-29-08 or 512 backwards. The years highs for the most part were made on 5-1and 2. May 1 being 5-1-11 or 5-1-2 and May 2 or 5-2-11.
A certain corporate entity will be having an 88cents special from 8am to 8pm on 8-8 for a certain food item but I am expecting/ hoping for a big bounce on Monday and look for the next big low to occur into the next IKEA date just as the last one.
BUY BUY BUY. Alas, people may already be 100% in from 1300/1280 or they closed in loss and have no confidence to go back in with so much loss in their hand or they will keep sitting on sidelines unless boat is too far in the ocean.
The bulls are going to get slaughtered next week! This is another trap “bottoming area”. The daily, weekly, and monthly charts are all still pointing down hard. It’s going to be a blood bath I think.
“If” this continues, the highest I could see the SPX going to is about 1238 early next week. After that, it’s another 1,000 point drop I believe. Personally, I don’t think it will even come close to that level. I think they will say something negative over the weekend and cause a crash on Monday. Maybe the downgrading of the US?
Just setting the bulls for the slaughter next week. I remain short. The weekly and monthly chart say we will tank hard next week. If they want to close this positive, that’s fine with me. It’s just a few days of chop in my opinion, and then back to the selling.
Remember the guy who bet One Billion Dollars on the US getting downgraded? I wonder when they will drop that bomb on the market? I’m hope I’m still short at that point. 🙂
Yesterday’s Dow down number, -512, a very occultic number I see everywhere, reminded me of the -777 Dow day of 9-29-2008. It was, curiously, 1039 days from 9-29-08 and 1393 days from the 10-11-2007 bull market high. Switch that 9 around to a 6 and you have the Miami Thrice number. 512 number I see in corporate prices and has even been assigned to me in a certain manner. It also seems to be associated with 555. Yesterday was also 2years 10months 5 days from 9-29-08 or 512 backwards. The years highs for the most part were made on 5-1and 2. May 1 being 5-1-11 or 5-1-2 and May 2 or 5-2-11.
A certain corporate entity will be having an 88cents special from 8am to 8pm on 8-8 for a certain food item but I am expecting/ hoping for a big bounce on Monday and look for the next big low to occur into the next IKEA date just as the last one.
BUY BUY BUY. Alas, people may already be 100% in from 1300/1280 or they closed in loss and have no confidence to go back in with so much loss in their hand or they will keep sitting on sidelines unless boat is too far in the ocean.
The bulls are going to get slaughtered next week! This is another trap “bottoming area”. The daily, weekly, and monthly charts are all still pointing down hard. It’s going to be a blood bath I think.
BUY,BUY,BUY
i can’t resist these low prices on the stocks anymore.
“If” this continues, the highest I could see the SPX going to is about 1238 early next week. After that, it’s another 1,000 point drop I believe. Personally, I don’t think it will even come close to that level. I think they will say something negative over the weekend and cause a crash on Monday. Maybe the downgrading of the US?
Just setting the bulls for the slaughter next week. I remain short. The weekly and monthly chart say we will tank hard next week. If they want to close this positive, that’s fine with me. It’s just a few days of chop in my opinion, and then back to the selling.
Buyers stepping in here. Reload at neckline. Unless of course, Benny steps in and talks up QE3…Ugh
SPX Support levels: http://niftychartsandpatterns.blogspot.com/2011/08/s-500-support-levels.html
Remember the guy who bet One Billion Dollars on the US getting downgraded? I wonder when they will drop that bomb on the market? I’m hope I’m still short at that point. 🙂
SPY Trend update: http://niftychartsandpatterns.blogspot.com/2011/08/spy-trend-update_05.html