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The enlightened ones are sending more signs of the “end times” signalling that denouement is upon us. In 1969, a film called IF THIS IS TUESDAY, THEN IT MUST BE BELGIUM was released, a grand ritual flick disguised as a light romantic comedy that definitely has been forgotten over the years about a group of US tourists taking a packaged summer tour across Europe, covering 9 countries in 18 days (9-9 or 9+18 for 27…which by the way was the substitution numbers for Italy’s Balotelli in Italy’s last World Cup game and they definitely liked flashing 39 with Balotelli). Then they released a TV remake/ spinoff to commemorate the lesser grand ritual 18 years later, IF THIS IS TUESDAY, THEN IT STILL MUST BE BELGIUM, which was played on September 21, (93), 1987.

On Tuesday, the US played Belgium but the US tourists lost 2-1. Belgium hadn’t been in a World Cup in many years but the little red headed dude #7 for Belgium just dominated scoring their first goal and then providing the assist for the other. Green#16, the US’s young phenom was finally given some World Cup time and provided the US’s only goal after they went down 2-0.
And they flashed a number dear to my heart on the first Belgian goal which came in the 93rd minute.

I don’t about getting to SPX 2000 today..but by next week looks real good.-And so much for Dow 17,000 being an issue.- As we all just witnessed..they blew the Dow thru 17K like it was hot butter.

Ok gang, I think we started some kind of larger wave 3 up today with a smaller wave 1 up to the 1978.58 SPX high and then a smaller wave 2 down into the close. I suspect this wave will end around the 11am EST period Wednesday when Janet Yellen speaks.

Then I’d look for a smaller wave 3 up inside a larger wave 3 up to happen. This should take us to 2000 or more on the SPX by this Thursday. Do note that the market closes at 1pm on Thursday July 3rd for the 4th of July holiday weekend.

So while in the past I’d expect some type of top here as I let my bearish side effect my judgement I won’t make that prediction here now. I have to look at past history of this holiday week and say that it’s bullish probably 90% of the time, so I expect the same thing here to happen.

If Yellen was speaking afterhours on a Thursday when the market was closed and traders couldn’t short the market then that would be the time period when something negative would be released. Why? Because they’d have 3 full days to calm the market down while it was closed and you’d see Monday open up only slightly down instead of really tanking hard.

Leopards don’t change their colors they say and it’s not likely the people that control and manipulate the market will change their way of thinking or doing things. When they want a rally they release news during market hours and when the news it negative they wait until the market is closed.

So since Yellen is speaking at 11am and the market is still open we should expect the news to be positive and for the market to rally the rest of day after she speaks and into Thursday as well from some more good news (made up of course) with the non-farm payroll numbers.

I’d give this scenario a 90% chance of playing out… why? Because it has already played out many, many times in the past like this. They rally up to some important number for sheep to hear it all over the media during the 4th of July weekend so they will spend money they don’t have thinking happy days are here again.

All we need now is for them to take the ES Futures down a little afterhours and into tomorrow morning to reset the overbought charts and then we can rally tomorrow after Yellen yells that all is well… buy, buy, buy!

Something tells me you are really,really,really into this soccer thing.

Team 911 plays Sunday morning against Mexico. When I cheer for the Orange, I yell 911.

Both Portugal and Germany had 11-10 substitutions. A 11-14 (115)substitution on the US side after #14 made his first start for the US team and headed the ball out of bounds that set up Germany’s game winning corner kick/ set piece.

The mind controlled psycho from Uruguay, #9 was suspended for 9 games by FIFA after his biting incident with Italy’s #3.

I didn’t really see any numerology flashes or rituals in the USA-Germany games except just before Germany’s goal when two German players #11-5 s set up in front of the US goal on a set piece. I did think uh-oh/ some ominous foreboding there but they did manage to ricochet the ball a bit after the corner kick before Germany’s #13, his fourth(13-4) goal of the tournament, kicked in the goal on a rebound off of the US goal keeper’s save. The scoring goal came in the games’ 55th minute.

Only caught glances of the Ghana-Portugal game where it appeared the rituals were taking place. They managed to get a goal for Portugal’s famed soccer actor #7 which ended up being the game winning goal for Portugal when Ghana’s goal keeper managed to get a weird popup kick come down into his hands but instead of catching the ball he guided/ slapped it to Portugal’s #7 who made the easy shot. Ghana gave up its other goal when one of its defenders kicked a ball into its own net. This outcome allowed the US to advance despite losing. So they weren’t too subtle in “managing” the outcome of this game.

Portugal’s #7 had some weird formation cut into the side of his head/ hair. Maybe a S. And I did see another Portugese player with a 7 carved into his head. So maybe he has overwhelming adoration for his famed soccer actor teammate or it means something else. Need to look more deeply into the gametape.

US gets to advance despite giving up the last minute goal in the 95th minute to Portugal on a turnover by the baldy who also missed a point blank shot with the goal tender out of the way. (he kicked it right at the defender) And with Portugal’s win, Portugal and soccer actor #7 get to save face by exiting the tournament with a win and a tie.(and a goal scored for #7)

Well, looks like we’re finally having that ABC down. I was beginning to wonder if it would ever happen, but here it is. I said earlier this week I was expecting a bottom by Thursday but I have to admit this move took me by surprise as it was very fast with little bounces along the way. Hard too predict in advance.

But now that’s we’ve had it I’m expecting the move back up to start soon and to continue all next week as we all know they want this market much higher going into the 4th of July weekend. While I don’t know if the bottom is in yet today or not it is at an important support level, so we “could” be bottomed?

The projected bottoming area is around 1930 SPX but they always seem to fall short of hitting the low targets while piercing through the upside targets. So while I’m a bear at heart I also know the market is bullish 90% of the time. Therefore I have to think we’ll find a bottom today and rally into next Thursday with 2000 SPX being the goal.

Yeah, that’s a crazy call from me but I think it’s the one that would fool the most people. I hear a lot of others calling for 1929-1930 (some much lower) before this sell off ends. They never give us what we expect, so either they stop short of that or drop below 1900 in big hurry to kill all the bulls and make the bears miss out on the drop.

Which one do you think will happen? Personally I don’t recall any 4th of July holiday’s where the stock market was tanking in front of it, but maybe this time is different? (Doubt it…)

Index put call ratio went through the roof while equity put call ratio dropped on a decent up day.
Tomorrow will be the 27th anniversary of the release of Stanley Kubrick’s grand ritual and lesser grand ritual classic Full Metal Jacket.

Did you notice last week was 666 weeks from a certain little event 12 years 9 months earlier. Maybe the 666 week cycle is kicking in.