Looks like we are doing an ABC up move, with the move down this morning completing the B wave down, and we now seem to be in a C wave up. Possible targets are the 1310 spx area on the low side with a truncated C wave (a very short one), or 1330 area if the C wave is normal.
There is resistance from the formal rising channel around that 1330 area, which would make a nice backtest of it. Of course it could fail tomorrow around the 1310 area too? Hard too say right now, but with the light volumes still in the market, I’m leaning toward the higher target for now.
I’m sorry to say that “if” the daily chart continues to turn back up, it could roll the weekly up too. That means the selling is done for now as the gangsters will use the remaining POMO to push this up to the 138.86 spy FP before June.
After June, this whole house of cards will collapse… and all those downside FP’s are going to be the targets. Read the article I just posted about Ben Fulford and David Wilcock (https://www.kitcomm.com/showthread.php?t=78501).
The writing is on the wall and we aren’t seeing it. I believe that the cabal is and will do everything they can to keep this market up until the last second. Then they will leave the country and let it all collapse.
it is new red, max keiser from last week. they have done just the opposite ~ and it is inaccurate to say they closed out on shorts. in fact, jpm and the comex is so desperate they applied for being a comex delivery vault on 3/15 and 3/17 they were approved. the vetting process is usually 45 days.
now what can happen is that instead of having to delivery the physical to a comex vault for delivery, it can deliver to itself. unless the contract being fulfilled wants to take physical delivery of it, jpm can say it is in their vaults and none the wiser ~ until they have to prove the silver is there. IT BUYS THEM TIME TO GET THEIR HANDS ON SILVER. they have only fulfilled half of the short delivery for this month, and only 8 days left for delivery.
Is that a new article Richie, or an old one? I suspect that they have closed out a lot of those short over the last month and might not be as heavily short now… meaning that level might have changed now?
silver is close to 37$/oz….as i understand it, every dollar above 36$ ~ JPM has to pay out incrementally more money on derivative contracts which use the 36$ level as a benchmark for payout. Also for every one dollar above 36$ on silver, JPM stock price will need to drop 45 cents to account for the derivative contract payouts. this week is silver/gold op ex week too…..
They’re really pressing the Dow to give the illusion that it’s better. S&P really lagging the Nasdy & Dow. Maybe this is a short-term buying climax?
SPX can’t get above 1302, so looks to me like a local top.
Well, the link is wrong… let’s try again (http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID1926808&cmd=show%5Bs210784479%5D&disp=P)
Looks like we are doing an ABC up move, with the move down this morning completing the B wave down, and we now seem to be in a C wave up. Possible targets are the 1310 spx area on the low side with a truncated C wave (a very short one), or 1330 area if the C wave is normal.
There is resistance from the formal rising channel around that 1330 area, which would make a nice backtest of it. Of course it could fail tomorrow around the 1310 area too? Hard too say right now, but with the light volumes still in the market, I’m leaning toward the higher target for now.
http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID1926808&cmd=show%5Bs210784479%5D&disp=P
I’m sorry to say that “if” the daily chart continues to turn back up, it could roll the weekly up too. That means the selling is done for now as the gangsters will use the remaining POMO to push this up to the 138.86 spy FP before June.
After June, this whole house of cards will collapse… and all those downside FP’s are going to be the targets. Read the article I just posted about Ben Fulford and David Wilcock (https://www.kitcomm.com/showthread.php?t=78501).
The writing is on the wall and we aren’t seeing it. I believe that the cabal is and will do everything they can to keep this market up until the last second. Then they will leave the country and let it all collapse.
ok – to the moon… what is the plan now? unbelievable
Ok – given this information – you are expecting silver to pull back? I have been waiting so I can get more at a lower price. thxs
Update about Japan earthquake from David Wilcock and Ben Fulford…
https://www.kitcomm.com/showthread.php?t=78501
it is new red, max keiser from last week. they have done just the opposite ~ and it is inaccurate to say they closed out on shorts. in fact, jpm and the comex is so desperate they applied for being a comex delivery vault on 3/15 and 3/17 they were approved. the vetting process is usually 45 days.
now what can happen is that instead of having to delivery the physical to a comex vault for delivery, it can deliver to itself. unless the contract being fulfilled wants to take physical delivery of it, jpm can say it is in their vaults and none the wiser ~ until they have to prove the silver is there. IT BUYS THEM TIME TO GET THEIR HANDS ON SILVER. they have only fulfilled half of the short delivery for this month, and only 8 days left for delivery.
this is full desperation by jpm/comex……http://www.kingworldnews.com/kingworldnews/Broadcast/Entries/2011/3/7_John_Embry.html
Is that a new article Richie, or an old one? I suspect that they have closed out a lot of those short over the last month and might not be as heavily short now… meaning that level might have changed now?
red,
silver is close to 37$/oz….as i understand it, every dollar above 36$ ~ JPM has to pay out incrementally more money on derivative contracts which use the 36$ level as a benchmark for payout. Also for every one dollar above 36$ on silver, JPM stock price will need to drop 45 cents to account for the derivative contract payouts. this week is silver/gold op ex week too…..