Red, yes the charts don’t lie.
I’m becoming more and more reliant on ES futures charting than day market charts. Yes, the volume is atrocious – but i’m finding the patterns more reliable.
food for thought.
-GG
NBA telecast also showed Dirk Nowitki leaving the locker room with a clock on the wall set at 85:55, then it ticked to 85:54 (whatever that clock was supposed to be—he plays in the later game)
Andre Eithier’s hit streak extended to 29 games yesterday but he didn’t play today due to some injury that suddenly hit him keeping his streak intact at 29 games. DiMaggio hit 15home runs and had 55 rbis during his 56 game hit streak. 15-55. 5s are a plenty in Sucker Punch. Bradley, the singer for April 26,1992 died on 5-25, 19(96) ie 5-5×5
Only problem is that McClellan Oscillator is still at a somewhat high level as well as it’s Summation Index but commodities are selling off and the dollar looks to have put in a bottom today. Once the dollar starts screaming higher, things will start to get Fast and Furious (FAB FIVE—haha—just noticed this—I’ll have to see that movie)
The numerology is getting out of control. I can’t keep up with all of it.
NBA telecast displayed that Derek Rose was the youngest MVP in NBA history at 22years 212 days. (They flashed the other youngest winner–mostly at 23years, one at 23years9days. Then at halftime, in one of analysis segments, they froze the game with score tied at 15-15 with 4:19 left (the day of infamy number) —6 (shot clock??) or 4:19-6.
Well, the days 5-15 and 5-8 won’t work because the market is closed on those days but the key day has to have some sort of 54–55—15 combo.
5-19 would be the Marilyn Manson date—he was born on 1-5,1969 (so he says) and tried to release an album on that date in 2009 and released one on September 15,19(96)…9-15-96
Looks like we are finally bouncing. The 135.00 area on the SPY is the key here, as it’s about where the upper trendline is in the falling channel the market is in. A break of that level and I think we will see our rally into tomorrow morning.
But, I still think that we will go back down again. This move down today is too strong. I could see a rally in the morning tomorrow, but a sell off in the evening… putting in another lower low. We’ll see I guess, but the selling doesn’t look over yet.
And, let’s not forget about the recent Legatus Meeting between April 30th-May 2nd. It’s over now, and we could actually see another “Flash Crash”? It’s possible, but I’m not sure about it yet? I need to see what kind of rally we get tomorrow first.
futures are up…don’t think we will have a flash crash anytime soon.
No crash this week.
Red, yes the charts don’t lie.
I’m becoming more and more reliant on ES futures charting than day market charts. Yes, the volume is atrocious – but i’m finding the patterns more reliable.
food for thought.
-GG
for example: http://tinypic.com/r/15nvk3l/7
New post…
http://reddragonleo.com/2011/05/04/odds-of-a-stock-market-crash-are-increasing/
NBA telecast also showed Dirk Nowitki leaving the locker room with a clock on the wall set at 85:55, then it ticked to 85:54 (whatever that clock was supposed to be—he plays in the later game)
Andre Eithier’s hit streak extended to 29 games yesterday but he didn’t play today due to some injury that suddenly hit him keeping his streak intact at 29 games. DiMaggio hit 15home runs and had 55 rbis during his 56 game hit streak. 15-55. 5s are a plenty in Sucker Punch. Bradley, the singer for April 26,1992 died on 5-25, 19(96) ie 5-5×5
Only problem is that McClellan Oscillator is still at a somewhat high level as well as it’s Summation Index but commodities are selling off and the dollar looks to have put in a bottom today. Once the dollar starts screaming higher, things will start to get Fast and Furious (FAB FIVE—haha—just noticed this—I’ll have to see that movie)
The numerology is getting out of control. I can’t keep up with all of it.
NBA telecast displayed that Derek Rose was the youngest MVP in NBA history at 22years 212 days. (They flashed the other youngest winner–mostly at 23years, one at 23years9days. Then at halftime, in one of analysis segments, they froze the game with score tied at 15-15 with 4:19 left (the day of infamy number) —6 (shot clock??) or 4:19-6.
Well, the days 5-15 and 5-8 won’t work because the market is closed on those days but the key day has to have some sort of 54–55—15 combo.
5-19 would be the Marilyn Manson date—he was born on 1-5,1969 (so he says) and tried to release an album on that date in 2009 and released one on September 15,19(96)…9-15-96
ACI chart, has a fairly stable price channel. I can use this stability to help me in going long the other coal stocks, probably.
http://zstock7.com/wp-content/uploads/2011/05/aci-5-4aa.jpg
SLV Chart anlaysis: http://niftychartsandpatterns.blogspot.com/2011/05/slv-analysis-after-closing-bell.html
SPY Fibs: http://niftychartsandpatterns.blogspot.com/2011/05/spy-fibonacci-levels.html
Looks like we are finally bouncing. The 135.00 area on the SPY is the key here, as it’s about where the upper trendline is in the falling channel the market is in. A break of that level and I think we will see our rally into tomorrow morning.
But, I still think that we will go back down again. This move down today is too strong. I could see a rally in the morning tomorrow, but a sell off in the evening… putting in another lower low. We’ll see I guess, but the selling doesn’t look over yet.
And, let’s not forget about the recent Legatus Meeting between April 30th-May 2nd. It’s over now, and we could actually see another “Flash Crash”? It’s possible, but I’m not sure about it yet? I need to see what kind of rally we get tomorrow first.