The NY Fed has issued a new market signal. For those who followed my prediction in IWM that it would sell off, IWM went from 86.80 to 83.72 before bottoming in the past two days, just as the Fed indicated. I’ve been doing this a long time. I know that the market is centrally planned.
Our new signals indicate a couple possibilities. Either the market rebounds to IWM 86.50 in the next few sessions (possibly either tomorrow) and then sells off to DIA 126.60 — this is my preferred scenario.
The second option is that we drop to DIA 126.60 tomorrow and then rally up to the IWM 86.50. This is less likely in my opinion. The first scenario is a typical A-B-C pattern and is far more likely.
Follow my blog if you want to know the truth about the markets and not waste your time on technical analysis and wave counts. Totally meaningless and unnecessary in a centrally planned market. Spread the word so not only the banks can benefit.
All last week I waited to hear Bradley’s song to mark the commeration of the 19year anniversary of a certain 4-29-29 ritual and finally I heard the song on Sunday at 5:58 pm (8:58pm eastern time). Amazingly just as I turned my radio on, the song was starting. Less than two hours later, there was the MayDay ritual.
One of their other songs is titled 5446. In it,Brad sings that 5446 and 5447 are his favorite numbers. I can see a 54 in the URL above. 69==54. 541 backwards is 154 or 77+77. 54 numbers are one of the featured numbers of SP errr Sucker Punch. SP===1619. May 2 would have been 19years6days from Bradley’s date, Thursday for the real one.
Yesterday was 111 days from 1-11-11…….On Sunday, we got the MayDay ritual here on the holiest of days for the insiders 235years from the founding of the “enlightened ones”. 235====15×15.6666666 or 6×6.666666666. On Friday, the SP high was 696.77 pts from the 666.79 low and yesterday’s high was 703.79 pts from that mark. 1369====37×37.
Yeah, hopefully a gap down shake out bounce near the neckline. Very buyable support area. I am seeing some nice volume in the dollar. Keeping an eye on that. I’d love to see the dollar rebound (hurting commodities) and the S&P continue higher to the FP. Would be nice. Are you listening,… GANGSTERS!
I hope you did a spread on them, as the falling vix will kill your option value even if the market rallies. You neutralize that effect when you buy an option close to the money and sell one out of the money.
3rd friday of this month. sorry i misspoke when i said monthend. i work in business intelligence and when we say monthend, we normally are talking about fiscal lol. anyways, i believe we are heading up from here cause vix needs to backup and we need to at least retrace some of this selloff. i bought QQQ calls today and will hold until tomorrow.
Refresh page for Tuesday update…
The NY Fed has issued a new market signal. For those who followed my prediction in IWM that it would sell off, IWM went from 86.80 to 83.72 before bottoming in the past two days, just as the Fed indicated. I’ve been doing this a long time. I know that the market is centrally planned.
Our new signals indicate a couple possibilities. Either the market rebounds to IWM 86.50 in the next few sessions (possibly either tomorrow) and then sells off to DIA 126.60 — this is my preferred scenario.
IWM sell level
http://3.bp.blogspot.com/-D5IqQMt2pg4/TcCc6MvgnOI/AAAAAAAAABU/zVP8MR3WboA/s1600/sc.png
DIA buy level
http://1.bp.blogspot.com/-KTyA-eYSN_s/TcCdNHSaCmI/AAAAAAAAABc/An0jedkGhyA/s1600/sc.png
The second option is that we drop to DIA 126.60 tomorrow and then rally up to the IWM 86.50. This is less likely in my opinion. The first scenario is a typical A-B-C pattern and is far more likely.
Follow my blog if you want to know the truth about the markets and not waste your time on technical analysis and wave counts. Totally meaningless and unnecessary in a centrally planned market. Spread the word so not only the banks can benefit.
All last week I waited to hear Bradley’s song to mark the commeration of the 19year anniversary of a certain 4-29-29 ritual and finally I heard the song on Sunday at 5:58 pm (8:58pm eastern time). Amazingly just as I turned my radio on, the song was starting. Less than two hours later, there was the MayDay ritual.
http://www.youtube.com/watch?v=Nktfou15U5A
Interesting URL there at the end: 152251…..as well as some of the numerical values in the song.
http://www.lyrics007.com/Sublime%20lyrics/April%2026%2c%201992
One of their other songs is titled 5446. In it,Brad sings that 5446 and 5447 are his favorite numbers. I can see a 54 in the URL above. 69==54. 541 backwards is 154 or 77+77. 54 numbers are one of the featured numbers of SP errr Sucker Punch. SP===1619. May 2 would have been 19years6days from Bradley’s date, Thursday for the real one.
Yesterday was 111 days from 1-11-11…….On Sunday, we got the MayDay ritual here on the holiest of days for the insiders 235years from the founding of the “enlightened ones”. 235====15×15.6666666 or 6×6.666666666. On Friday, the SP high was 696.77 pts from the 666.79 low and yesterday’s high was 703.79 pts from that mark. 1369====37×37.
SPX Chart: http://niftychartsandpatterns.blogspot.com/2011/05/s-500-analysis-after-closing-bell.html
Yeah, hopefully a gap down shake out bounce near the neckline. Very buyable support area. I am seeing some nice volume in the dollar. Keeping an eye on that. I’d love to see the dollar rebound (hurting commodities) and the S&P continue higher to the FP. Would be nice. Are you listening,… GANGSTERS!
I hope you did a spread on them, as the falling vix will kill your option value even if the market rallies. You neutralize that effect when you buy an option close to the money and sell one out of the money.
3rd friday of this month. sorry i misspoke when i said monthend. i work in business intelligence and when we say monthend, we normally are talking about fiscal lol. anyways, i believe we are heading up from here cause vix needs to backup and we need to at least retrace some of this selloff. i bought QQQ calls today and will hold until tomorrow.
You mean the monthly options? What Friday? It’s on the third Friday of every month. You aren’t talking about quarterly’s or weekly’s are you?
May expiration friday*** not may monthend.