I know you like Cobra, check out his comments the last few days. By the way ,
once they do agree on the debt ceiling it will be a few days to get it through the House and Senate. (Probably late July, the gangsters love drama) Have a great weekend.
What makes you think so Robert? The entire rally from the March 2009 low was on light volume, and that never stopped them from rallying… what’s different this time?
Maybe you’re right (as to what will happen next week).
But either way, I’d just like to profit from that new high preceding the Implosion.
So my plan for Monday:
if we drop below 1300 –> buy,buy,buy
if we blast toward 1330 –> buy,buy,buy
Whatever they do or do not isn’t the question. They will say something positive to give the market a reason to rally. Remember, it’s all staged… and just a game they play. They already know that they are going to default on the debt (according to Lindsey Williams’ elite sources), but they need to rally it up to a higher level before they tell the sheep (us retail traders) that they are going to default.
It’s all written in the charts. A new high will wipe out the last retail bear, and then they will tank it. I don’t know what will or will not be said or done on (or by) the August 2nd deadline, but the outcome will be a sell off in the market. I’m sure it will shock the market, as that’s the way they plan it too happen.
Will they…?
My guess is that this fight’s gonna last down to the wire. What that means in terms of time frame, I don’t really know, but not necessarily next week IMO.
Sure it will be settled at some point, and the ensuing relief rally should be powerful.
So it’s rather a question of “when” than “where” the markets are headed (at least short term.)
But if the debate drags on, that would set up a much better buying opportunity so I’d prefer this scenario.
And to prepare for that, I liquidated almost all of my positions today so I’m 99% cash now. Like a cobra ready to bite… lol.
They will resolve something over the weekend about the debt ceiling, which will be the reason to rally the next 2 weeks. Then on August the 2nd, something will fall through and the market will sell off again… only this time, the “high” really will be in!
Today is Rooster Cogburn’s birthday in the latest version of True Grit (the original released on June 11,1969): 7-15-1825 (an embedded 87 in there). His deathdate: 8-12 or 8-13, 78 years later. There is a little poster shown at the end associated with his death with the date 7-18-1903.
Carmageddon begins tomorrow (7-16) at 5am in Southern California with the 405 freeway shutdown between the 10 and 101 freeways (111) and lasts 53 hours (53 power number). That means into 10am on 7-18???? Need to verify. 42 years ago during the seminal event of 1969, Appollo 11 was launched on its quest to land on the moon on July 16. “The moon landing” occurred on 7-20. This entire “moon” episode is the focal point of the new Transformers movie: Dark Side of the Movie which takes 87 references in a movie to new astronomic levels.
The insiders love their 69, 1969 references and this entire stretch from July 16 to about August 14 encapsulates the great golden period of 1969 (they love their 896 combos—add 42 years6days to 8,9,1969 and that is August 15.
The 1896 low was on August 7 ie 8-7, 115 years ago, an insider jubilee celebration for the inaugural year for the Dow Jones Industrials Average????
I know you like Cobra, check out his comments the last few days. By the way ,
once they do agree on the debt ceiling it will be a few days to get it through the House and Senate. (Probably late July, the gangsters love drama) Have a great weekend.
What makes you think so Robert? The entire rally from the March 2009 low was on light volume, and that never stopped them from rallying… what’s different this time?
Late day rally with no volume. Bull trap. Going down Monday….maybe big
Maybe you’re right (as to what will happen next week).
But either way, I’d just like to profit from that new high preceding the Implosion.
So my plan for Monday:
if we drop below 1300 –> buy,buy,buy
if we blast toward 1330 –> buy,buy,buy
As simple as that. lol
Whatever they do or do not isn’t the question. They will say something positive to give the market a reason to rally. Remember, it’s all staged… and just a game they play. They already know that they are going to default on the debt (according to Lindsey Williams’ elite sources), but they need to rally it up to a higher level before they tell the sheep (us retail traders) that they are going to default.
It’s all written in the charts. A new high will wipe out the last retail bear, and then they will tank it. I don’t know what will or will not be said or done on (or by) the August 2nd deadline, but the outcome will be a sell off in the market. I’m sure it will shock the market, as that’s the way they plan it too happen.
Will they…?
My guess is that this fight’s gonna last down to the wire. What that means in terms of time frame, I don’t really know, but not necessarily next week IMO.
Sure it will be settled at some point, and the ensuing relief rally should be powerful.
So it’s rather a question of “when” than “where” the markets are headed (at least short term.)
But if the debate drags on, that would set up a much better buying opportunity so I’d prefer this scenario.
And to prepare for that, I liquidated almost all of my positions today so I’m 99% cash now. Like a cobra ready to bite… lol.
They will resolve something over the weekend about the debt ceiling, which will be the reason to rally the next 2 weeks. Then on August the 2nd, something will fall through and the market will sell off again… only this time, the “high” really will be in!
Today is Rooster Cogburn’s birthday in the latest version of True Grit (the original released on June 11,1969): 7-15-1825 (an embedded 87 in there). His deathdate: 8-12 or 8-13, 78 years later. There is a little poster shown at the end associated with his death with the date 7-18-1903.
Carmageddon begins tomorrow (7-16) at 5am in Southern California with the 405 freeway shutdown between the 10 and 101 freeways (111) and lasts 53 hours (53 power number). That means into 10am on 7-18???? Need to verify. 42 years ago during the seminal event of 1969, Appollo 11 was launched on its quest to land on the moon on July 16. “The moon landing” occurred on 7-20. This entire “moon” episode is the focal point of the new Transformers movie: Dark Side of the Movie which takes 87 references in a movie to new astronomic levels.
The insiders love their 69, 1969 references and this entire stretch from July 16 to about August 14 encapsulates the great golden period of 1969 (they love their 896 combos—add 42 years6days to 8,9,1969 and that is August 15.
The 1896 low was on August 7 ie 8-7, 115 years ago, an insider jubilee celebration for the inaugural year for the Dow Jones Industrials Average????
Heavily dependent on debt-deal. Methinks.
Rally next week likely gang. The vix is topping on the daily and the 60 minute chart.