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!
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.
Well, Italy was eliminated from the World Cup yesterday but there was a nice 3-9 ritual with the mind-controlled psycho from Uruguay #9 biting Italy’s #3 in the 79th minute. Uruguay did win the World Cup the last time it was held in Brazil but it’s doubtful they will get anywhere without their psychotic leading scorer (who put up a 29 or 99 ie 2 goals for #9 against England his first game back….amazingly, he ran very well for a guy with a serious injury against England).
I guess I won’t need to put any Depeche Mode videos from 1987 up here. It wasn’t likely that Italy would leave the euro. The leading candidate is Germany per the Rammstein Meine Land video/song. But Greece did make it through to the elimination round yesterday when it appeared all odds were against them….on a penalty kick but I didn’t see it so no discussion of a possible ritual) Maybe Greece can replicate its success from a few years ago when they unexpectedly won the Euro cup but it is very doubtful.
In the Italy game, famed mind-controlled striker #9 proved once again that he is in the game primarily to perform rituals. He was very ineffective all tournament long other than picking up yellow cards which he did again yesterday. They like using the 39 combo with him. He was benched to start the second half in a 9-9 combo or 29 when Italian player #18 came in for him (#9—also adds up to 27 or 999). I beleive there was another 11-9 substitution in the game on the Uruguay side.
The famed 9-11 duo from team Orange, the Netherlands was unable to perform together as Daniel Day Lewis, #9 was unable to play after accumulating 2 yellow cards but they still managed to flash a 9-11 on #11 s go ahead goal albeit in a complicated format. #11 joined players #13 and #5 after his goal.
The US Portugal game saw Portugal come back inexplicably to tie the game in the 95th minute off a beautiful cross by famed soccer actor #7 that lead to a header. They did start the game with a 8-7 combo as US star #8 met Portugal soccer actor #7 at midfield to start the game and flashed the number a few times during the game. There’s too much to discuss with this game and so little time to do it.
And tomorrow we have the U.S. -Germany game where the rituals should abound as current US coach Klinsmann and his 4 German born American players go against his former team (both as a player and a coach). I can’t see Germany losing but who knows what is planned. All 4 teams from the Group of Death are technically still alive. FIFA managed to put 4 quarterfinalists from the 2010 World Cup in the same bracketd while creating a Group of Crap headlined by a Colombian team with potential Euro exiter Greece making it through to the next round as the #2 team.
EURUSD Resistance levels: http://niftychartsandpatterns.blogspot.in/2014/07/eurusd-resistance-levels.html
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.
Well, Italy was eliminated from the World Cup yesterday but there was a nice 3-9 ritual with the mind-controlled psycho from Uruguay #9 biting Italy’s #3 in the 79th minute. Uruguay did win the World Cup the last time it was held in Brazil but it’s doubtful they will get anywhere without their psychotic leading scorer (who put up a 29 or 99 ie 2 goals for #9 against England his first game back….amazingly, he ran very well for a guy with a serious injury against England).
I guess I won’t need to put any Depeche Mode videos from 1987 up here. It wasn’t likely that Italy would leave the euro. The leading candidate is Germany per the Rammstein Meine Land video/song. But Greece did make it through to the elimination round yesterday when it appeared all odds were against them….on a penalty kick but I didn’t see it so no discussion of a possible ritual) Maybe Greece can replicate its success from a few years ago when they unexpectedly won the Euro cup but it is very doubtful.
In the Italy game, famed mind-controlled striker #9 proved once again that he is in the game primarily to perform rituals. He was very ineffective all tournament long other than picking up yellow cards which he did again yesterday. They like using the 39 combo with him. He was benched to start the second half in a 9-9 combo or 29 when Italian player #18 came in for him (#9—also adds up to 27 or 999). I beleive there was another 11-9 substitution in the game on the Uruguay side.
The famed 9-11 duo from team Orange, the Netherlands was unable to perform together as Daniel Day Lewis, #9 was unable to play after accumulating 2 yellow cards but they still managed to flash a 9-11 on #11 s go ahead goal albeit in a complicated format. #11 joined players #13 and #5 after his goal.
The US Portugal game saw Portugal come back inexplicably to tie the game in the 95th minute off a beautiful cross by famed soccer actor #7 that lead to a header. They did start the game with a 8-7 combo as US star #8 met Portugal soccer actor #7 at midfield to start the game and flashed the number a few times during the game. There’s too much to discuss with this game and so little time to do it.
And tomorrow we have the U.S. -Germany game where the rituals should abound as current US coach Klinsmann and his 4 German born American players go against his former team (both as a player and a coach). I can’t see Germany losing but who knows what is planned. All 4 teams from the Group of Death are technically still alive. FIFA managed to put 4 quarterfinalists from the 2010 World Cup in the same bracketd while creating a Group of Crap headlined by a Colombian team with potential Euro exiter Greece making it through to the next round as the #2 team.