I do believe it will break Jim, as the gangster still have this market 100% controlled. However, we should still sell off some after piercing the double top… maybe to only put in the right shoulder of an “inverse H&S” pattern, or wave 3 down. But after that, I expect another grind higher to at least the 138.86 spy print.
I’m glad you said that, because that’s what I was thinking. Regardless that tomorrow is beginning of month, I think we’ll see a spike then drop tomorrow. VIX is WAY oversold and SPX is WAY overbought. At the very least, to let off some of the momentum to consolidate.
Yeah Red most likely your fake print will hit hopefully in April so we can get some selling but we need a major event or announcement for that to happen.
No, he doesn’t give us a hint of any sell off prospects. I’m been trading since 2005 so I have to discern a lot of what he is telling us. I traded the collaspe of 2008 and made good money. I will be prepared this time to. Wallstreet traders are bias Bull daytraders anyway until the last minute when the markets starts to collaspe and the word spread to get out. Some people are even calling for 13000-14000 dow before collaspe; we shall see. From my experience the collaspe probably will happen in Fall 2011 or beginning of 2012 hopefully Hope this helps
does your ‘ex-wallstreet banker’ indicate exactly WHEN they will let a sell off happen?? btw i have NEvEr heard (anecdotally or otherwise) a wall street banker EVER devulging knowledge of an impending sell off……
Agreed. As you have said, they would like to take those stops out above 1332. If the market is ever free again, TA will actually work more often, but until then, the gangsters want a casino for retail investors.
Thanks for the heads up. I’m thinking that they will certainly go to the FP of 138.86 spy this year before starting any major moves down. It does make more sense to wait until this Fall anyway, as that’s when WW3 is scheduled to start, as well as our dwarf star Elenin causing disruptions as it passes between the Earth and the Sun.
Red I’m with a trading group and this ex-wallstreet banker who opened the group say that we are not going to sell off anytime soon. They will not let it happen just yet. Im hoping a fall collaspe like 2008.
Actually, we could get our pop the last hour today, and then drop tomorrow. I think we are now forming a triangle, which I believe will breakout to the upside at the EOD (within the last 2 hours).
If we do breakout and put in a new high, and fulfill all 3 of those conditions I spoke of, then we could have a “surprise” job report? Hard too predict right now, as the norm is for the gangsters to manipulate the jobs numbers to always look good (or not so bad).
But, at some point they will fool the masses and put out something really ugly! When is anyone’s guess?
I do believe it will break Jim, as the gangster still have this market 100% controlled. However, we should still sell off some after piercing the double top… maybe to only put in the right shoulder of an “inverse H&S” pattern, or wave 3 down. But after that, I expect another grind higher to at least the 138.86 spy print.
3 attempts at 1332. if it breaks 1344 next level.
HS Dent calls for up until Aug then bomb??
I’m glad you said that, because that’s what I was thinking. Regardless that tomorrow is beginning of month, I think we’ll see a spike then drop tomorrow. VIX is WAY oversold and SPX is WAY overbought. At the very least, to let off some of the momentum to consolidate.
Yeah Red most likely your fake print will hit hopefully in April so we can get some selling but we need a major event or announcement for that to happen.
No, he doesn’t give us a hint of any sell off prospects. I’m been trading since 2005 so I have to discern a lot of what he is telling us. I traded the collaspe of 2008 and made good money. I will be prepared this time to. Wallstreet traders are bias Bull daytraders anyway until the last minute when the markets starts to collaspe and the word spread to get out. Some people are even calling for 13000-14000 dow before collaspe; we shall see. From my experience the collaspe probably will happen in Fall 2011 or beginning of 2012 hopefully Hope this helps
prince,
does your ‘ex-wallstreet banker’ indicate exactly WHEN they will let a sell off happen?? btw i have NEvEr heard (anecdotally or otherwise) a wall street banker EVER devulging knowledge of an impending sell off……
Agreed. As you have said, they would like to take those stops out above 1332. If the market is ever free again, TA will actually work more often, but until then, the gangsters want a casino for retail investors.
Thanks for the heads up. I’m thinking that they will certainly go to the FP of 138.86 spy this year before starting any major moves down. It does make more sense to wait until this Fall anyway, as that’s when WW3 is scheduled to start, as well as our dwarf star Elenin causing disruptions as it passes between the Earth and the Sun.
Feel free to email me anytime.
red (at) reddragonleo (dot) com
Red I’m with a trading group and this ex-wallstreet banker who opened the group say that we are not going to sell off anytime soon. They will not let it happen just yet. Im hoping a fall collaspe like 2008.
Actually, we could get our pop the last hour today, and then drop tomorrow. I think we are now forming a triangle, which I believe will breakout to the upside at the EOD (within the last 2 hours).
If we do breakout and put in a new high, and fulfill all 3 of those conditions I spoke of, then we could have a “surprise” job report? Hard too predict right now, as the norm is for the gangsters to manipulate the jobs numbers to always look good (or not so bad).
But, at some point they will fool the masses and put out something really ugly! When is anyone’s guess?