The big surprise to me was Madman Ben’s XXX hard pump action at the beginning of the day to push the indices away from the evil 200 DMA. Luckily, I was on the sidelines at that point. And still.
The market had it’s chance today to crash and the bears blew it. The Mclellen Oscillater is in the 80’s and that spells gap up Monday and rally time. Crash won’t come for awhile till we get the downgrade. g.l. Red
I’m thinking just the opposite Geccko… more like a gap down, not a rally. The market had it’s chance to rally today and it failed. This is going to get ugly I’m afraid.
Although I’m a mega-bear, I think we get a pop on Monday. How far it goes is to be determined. If anything, today was setup to be a big down day and we didn’t get it. All of the indices got down to their lower BBs but most are too far extended from their 10 and 20 day averages and $ndx 20 day average is still flattening. 60 min RSIs and MACDs are at rock bottom area. I think the indices need to shoot back to their 10 and 20 day averages and allow the BBs to flare wider open particularly the $ndx. It looks like 5 waves down from last week’s highs.
In 2000, following the double solar eclipses surrounding a total lunar eclipse, there was a rally into the next moon when the market basically topped out on the first day of September following it before commencing the big decline.
We might have to wait for a certain planet to go retro.
Thanks for the respond, I’m relatively new to this alternative view point and its cast of players and as such the points your raise in Lindsey’s defence are not immediately apparent. It concerns me that when the situation really melts down the majority view will be completely confused. where will the people go for their information, they not going to trust the media any more and they will not have time to learn the people they can trust or read between the lines of what is being said. By the way with regard to stocks, if we are trading the crash and make a profit will we be able to actually cash in our chips? All the best, I really enjoy your work and your resources. I have learnt a lot not only about the truth but about myself. Keep up the good work, its appreciatedpete
The big surprise to me was Madman Ben’s XXX hard pump action at the beginning of the day to push the indices away from the evil 200 DMA. Luckily, I was on the sidelines at that point. And still.
Maybe? … or maybe we all get a big surprise.
The market had it’s chance today to crash and the bears blew it. The Mclellen Oscillater is in the 80’s and that spells gap up Monday and rally time. Crash won’t come for awhile till we get the downgrade. g.l. Red
I’m thinking just the opposite Geccko… more like a gap down, not a rally. The market had it’s chance to rally today and it failed. This is going to get ugly I’m afraid.
Although I’m a mega-bear, I think we get a pop on Monday. How far it goes is to be determined. If anything, today was setup to be a big down day and we didn’t get it. All of the indices got down to their lower BBs but most are too far extended from their 10 and 20 day averages and $ndx 20 day average is still flattening. 60 min RSIs and MACDs are at rock bottom area. I think the indices need to shoot back to their 10 and 20 day averages and allow the BBs to flare wider open particularly the $ndx. It looks like 5 waves down from last week’s highs.
In 2000, following the double solar eclipses surrounding a total lunar eclipse, there was a rally into the next moon when the market basically topped out on the first day of September following it before commencing the big decline.
We might have to wait for a certain planet to go retro.
By the way gang, I’m already short again… which I usually don’t do over the weekend, but this is different. We could gap down on Monday and crash.
if you look hard at GDX:GLD 36, support at 35. it looks like XAU will
find support at a fib line, no retest of 187, is indicated
SPY Chart: http://niftychartsandpatterns.blogspot.com/2011/07/spy-fibonacci-levels-and-cloud-analysis.html
Thanks for the respond, I’m relatively new to this alternative view point and its cast of players and as such the points your raise in Lindsey’s defence are not immediately apparent. It concerns me that when the situation really melts down the majority view will be completely confused. where will the people go for their information, they not going to trust the media any more and they will not have time to learn the people they can trust or read between the lines of what is being said. By the way with regard to stocks, if we are trading the crash and make a profit will we be able to actually cash in our chips? All the best, I really enjoy your work and your resources. I have learnt a lot not only about the truth but about myself. Keep up the good work, its appreciatedpete
a1upsticks@yahoo.co.uk
tel 07940 390040
The crash of all crashes is coming… I mean BIG! I’ll cover it in my weekend video.