Red… what about the iphone and “siri” what is july 27 2014…. opening the gates to hedes??? Does that fit into your numbers.. some how??
Thanks for all your hard work.
Thursday is a 22 day as 7+1+7+2+0+1+4=22, and as we all know that is an eleven… which are sometimes tops or bottoms. Not always of course but it is a ritual number for “them”. So “if” today doesn’t put in the top then I think we’ll see it at the open tomorrow.
Most likely it will be a pierce of the double top area to clear out all the bears’ stops above 1986 SPX. While this is the normal pattern it’s by no means a guarantee. For all I know the bears could have already flipped to become bulls thinking we are going to rally much higher toward 2000.
Whatever SkyNet see’s it’s going to take action to steal the most money possible. If there isn’t too many stops overhead and there are more bulls long then we’ll see a move down tomorrow without the gap up. In fact, we could even gap down and continue all day.
If we gap down then I’m happy with my half short position. If we gap up I’ll add a second half short position as I believe we will go down on Friday and into early next week. While I’m sure we’ll take out 2000 at some point we should drop lower first to that 1900-1920 area to get some bears short that can be squeezed all the way up to a new all time high.
I just get the feeling that everyone is long right now expecting 2000 to be hit soon. They keep buying every dip looking for that breakout rally move up. But if everyone is on the same side then you know SkyNet will take their money.
So I’ll give it a 50/50 chance of a slightly higher high tomorrow to clear out the last bears’ stops and then a move down into the rest of the day, Friday and next week with that downside target being the goal before we make another big rally attempt.
Well, I didn’t short the top but I did take a half position just about 10 minutes ago around 1979.50 SPX, so I’ll take another half tomorrow if we pop higher.
I’m just watching for now… no position taken yet. I want to see if they can make a higher high during the lunch time noon period when the volume is the lightest. If they can’t then I think we’ll sell off into next week… slowly of course as this is still opx week and not likely to have a big drop.
I don’t think we ever see a 1929 kind of crash again. A 90% drop in the Dow and S&P,with an extended sideways period at the bottom would absolutely kill the U.S. off, and we have too many safe-guards and kill switches in place now even if it seemed something like that was starting.-But nobody at our level really knows anything for sure.- But for now..I’m just looking at the near term picture..and so far..today looks pretty strong in most key sectors. The S&P.the Transports and the COMP are all strong as hell here. And the COMP/NASDAQ is turning into a monster here..and I have a feeling it’s dead set at finally getting back to it’s all time high over 5000 made all the way back in the year 2000.At almost 4450 here..a 14 year high..it doesn’t have all that far to go. Worth keeping an eye on from here everyday.And of course the Transports..pretty much “THE” leading economic indicator has been pretty much making multiple new daily all time highs for the last 18 months. Up another 57 pts today over 8400 for the very first time. A very nasty situation for those trying to look smart calling tops.
If you’re going to have a 1929 style crash you need to have a run up like it… which we will I believe as I do think they are planning another big one but not this year. I think it starts in 2017.
We’ll have a correction of 200-400 SPX points before we run up to 30,000 DOW into 2017. It will be similar to the 2011 sell off and will be called Primary Wave 4 down while that prior one was called Primary Wave 2 down. Currently we are in Primary Wave 3 up and it will end at some point.
Then we have our big correction for Primary Wave 4 down and that’s when all the bears think the world is ending… which is when Primary Wave 5 up will take us to new crazy all time highs into 2017. But short term we could have topped today?
If so then we should see a drop to that 1900-1920 area in the coming weeks. Then we’ll make another run higher and take out 2000 on the SPX. Right now I think too many people see this double top and are expecting it to bust up higher… therefore it’s not likely to happen today.
Well I started playing in the early 1990’s when the Dow was at about 3000,a huge major all time high at the time..which was just over an all time double top high from 1987’s all time high of about 2750.Big headlines back then. And 99% of the so called “experts” were positive the market had come too far..too fast..and would drop back to around Dow 2000..and trade in a 10 to 15% range for many,many years. And that sounded logical. Of course in just about 7 years we had broken all the rules, and the Dow was 4 times higher at Dow 12,000. I saw lots of analysts go broke and get fired back then for being out of the loop.
And I’m sure not predicting anything like the 1990’s happening here yet..but it shows that it can happen..and would not be unprecedented if it did.
Personally for trading purposes..I’d love to see the market drop like a rock for a couple of months. But I ain’t counting on it. 🙂
Red… what about the iphone and “siri” what is july 27 2014…. opening the gates to hedes??? Does that fit into your numbers.. some how??
Thanks for all your hard work.
Thursday is a 22 day as 7+1+7+2+0+1+4=22, and as we all know that is an eleven… which are sometimes tops or bottoms. Not always of course but it is a ritual number for “them”. So “if” today doesn’t put in the top then I think we’ll see it at the open tomorrow.
Most likely it will be a pierce of the double top area to clear out all the bears’ stops above 1986 SPX. While this is the normal pattern it’s by no means a guarantee. For all I know the bears could have already flipped to become bulls thinking we are going to rally much higher toward 2000.
Whatever SkyNet see’s it’s going to take action to steal the most money possible. If there isn’t too many stops overhead and there are more bulls long then we’ll see a move down tomorrow without the gap up. In fact, we could even gap down and continue all day.
If we gap down then I’m happy with my half short position. If we gap up I’ll add a second half short position as I believe we will go down on Friday and into early next week. While I’m sure we’ll take out 2000 at some point we should drop lower first to that 1900-1920 area to get some bears short that can be squeezed all the way up to a new all time high.
I just get the feeling that everyone is long right now expecting 2000 to be hit soon. They keep buying every dip looking for that breakout rally move up. But if everyone is on the same side then you know SkyNet will take their money.
So I’ll give it a 50/50 chance of a slightly higher high tomorrow to clear out the last bears’ stops and then a move down into the rest of the day, Friday and next week with that downside target being the goal before we make another big rally attempt.
Ok. Thanks.
Well, I didn’t short the top but I did take a half position just about 10 minutes ago around 1979.50 SPX, so I’ll take another half tomorrow if we pop higher.
I’m just watching for now… no position taken yet. I want to see if they can make a higher high during the lunch time noon period when the volume is the lightest. If they can’t then I think we’ll sell off into next week… slowly of course as this is still opx week and not likely to have a big drop.
I don’t think we ever see a 1929 kind of crash again. A 90% drop in the Dow and S&P,with an extended sideways period at the bottom would absolutely kill the U.S. off, and we have too many safe-guards and kill switches in place now even if it seemed something like that was starting.-But nobody at our level really knows anything for sure.- But for now..I’m just looking at the near term picture..and so far..today looks pretty strong in most key sectors. The S&P.the Transports and the COMP are all strong as hell here. And the COMP/NASDAQ is turning into a monster here..and I have a feeling it’s dead set at finally getting back to it’s all time high over 5000 made all the way back in the year 2000.At almost 4450 here..a 14 year high..it doesn’t have all that far to go. Worth keeping an eye on from here everyday.And of course the Transports..pretty much “THE” leading economic indicator has been pretty much making multiple new daily all time highs for the last 18 months. Up another 57 pts today over 8400 for the very first time. A very nasty situation for those trying to look smart calling tops.
If you’re going to have a 1929 style crash you need to have a run up like it… which we will I believe as I do think they are planning another big one but not this year. I think it starts in 2017.
Wow. Hell of a prognostication there. We’ll see. Thanks.
We’ll have a correction of 200-400 SPX points before we run up to 30,000 DOW into 2017. It will be similar to the 2011 sell off and will be called Primary Wave 4 down while that prior one was called Primary Wave 2 down. Currently we are in Primary Wave 3 up and it will end at some point.
Then we have our big correction for Primary Wave 4 down and that’s when all the bears think the world is ending… which is when Primary Wave 5 up will take us to new crazy all time highs into 2017. But short term we could have topped today?
If so then we should see a drop to that 1900-1920 area in the coming weeks. Then we’ll make another run higher and take out 2000 on the SPX. Right now I think too many people see this double top and are expecting it to bust up higher… therefore it’s not likely to happen today.
Well I started playing in the early 1990’s when the Dow was at about 3000,a huge major all time high at the time..which was just over an all time double top high from 1987’s all time high of about 2750.Big headlines back then. And 99% of the so called “experts” were positive the market had come too far..too fast..and would drop back to around Dow 2000..and trade in a 10 to 15% range for many,many years. And that sounded logical. Of course in just about 7 years we had broken all the rules, and the Dow was 4 times higher at Dow 12,000. I saw lots of analysts go broke and get fired back then for being out of the loop.
And I’m sure not predicting anything like the 1990’s happening here yet..but it shows that it can happen..and would not be unprecedented if it did.
Personally for trading purposes..I’d love to see the market drop like a rock for a couple of months. But I ain’t counting on it. 🙂