on the technical side, the market is up against some big trend lines – one going back 80 years, which will act as resistance and which will make for the seemingly unfettered march up more difficult. this portends some sideways action. As we all know – this market is absolutely manipulated and is the play ground of jpm, gs, ms, bac, etc…. it seems to me this melt up (while driving bears like us crazy) is a constructed and engineered effort by the manipulators to create frenzy of buying. the goal seems to be to sucker in as much niiave public retail money as possible in a blow off top type of fashion… the msm is sure accomodating this effort….
so my prediction for next week is sideways action – with the possibility for a very controlled down action – nothing more than 10 points of downside. 3/11/11 is just around the corner you know
i am baaaaack from my travels to Atlanta. So what did i miss??? anything? huh?? did the market crash and make us all WEALTHY?? well i will study the charts today – and see if the break has produced new and profound insights for me to share…..
off topic, the phone company and water and power co, have discount programs to help people under a certain income. as far as i know the gas co, and the banks, do not, never have and never will—therefore they work for lucifer, according to most known religions.
red,
on the technical side, the market is up against some big trend lines – one going back 80 years, which will act as resistance and which will make for the seemingly unfettered march up more difficult. this portends some sideways action. As we all know – this market is absolutely manipulated and is the play ground of jpm, gs, ms, bac, etc…. it seems to me this melt up (while driving bears like us crazy) is a constructed and engineered effort by the manipulators to create frenzy of buying. the goal seems to be to sucker in as much niiave public retail money as possible in a blow off top type of fashion… the msm is sure accomodating this effort….
so my prediction for next week is sideways action – with the possibility for a very controlled down action – nothing more than 10 points of downside. 3/11/11 is just around the corner you know
Cobra’s blog… looks like we will continue to the moon
http://cobrasmarketview.blogspot.com/
AAPL Weekend update: http://niftychartsandpatterns.blogspot.com/2011/02/apple-weekend-update_20.html
Glad to see you back Richie. Now rub that crystal ball and tell me where the market it going next week.
How do you see that bullish move on the Aussie dollar affecting the US dollar… which in turn effects the Dow, S&P, etc…
RED,
i am baaaaack from my travels to Atlanta. So what did i miss??? anything? huh?? did the market crash and make us all WEALTHY?? well i will study the charts today – and see if the break has produced new and profound insights for me to share…..
Check out this guys analysis on the Aussie dollar chart.
WoW!!! Better watch it like a hawk!!
http://www.youtube.com/watch?v=Jfbn_tZvETA
Well, that’s makes sense… as “gas” does create “fire”!
off topic, the phone company and water and power co, have discount programs to help people under a certain income. as far as i know the gas co, and the banks, do not, never have and never will—therefore they work for lucifer, according to most known religions.
MSFT Chart analysis: http://niftychartsandpatterns.blogspot.com/2011/02/msft-weekend-update.html