Red, Have you seen articles lately Stephen Rhinehart. If so, where does he publish. I have real charts/write up by him when he used to publish in Financial Sense. It is saying bottom in july 2010 and top in 2012. I reaaly miss his write ups and i donot know what happened to him
I think we’ve seen the top. A lot of evidence that I have presented. Dow and Nasdaq also hit key resistance levels this week that I have noticed very few if any are talking about. The market is struggling as it fights between the cycles from flash crash 5(6)+8 and 8-9-10+5.
There is also the ceremonial/ritualistic playoff game tomorrow between the Jets and the Colts, a rematch of the January 12,1969 Superbowl that the Jets won when they were a tremendous underdog. They played last year in the playoffs on Jan 24 in the midst of the January correction but the Jets weren’t getting the hype then that the media overlords are giving them this year. The Jets are the underdog so a win would line up with the 1969 Superbowl but a loss would also make them 11-6.
All we need now is a nice gap up on Monday, and run up a couple hundred points to our final top. Then on 1-11-11… the bottom falls out! Could it be that simple?
Today is also 132trading days or 66×2 from the July low. There was also another 27week 134td rally from July 8,2009 low which should be 78 weeks ago. It is also 36weeks from the April highs, 37 weeks from the week of April 23.
Today is also 7x17or 119 days from 9-9 and 484days from 9-9-9. Today is also 64+88 or 152 days from 8-8. It is also 46days from 11-22 or Miami Thrice/DeMolay day and 188days from the July 3 Yahoo Finance false print.
There is also the 5month cycle to the 8-9-10 high occurring over the weekend. August (8)+5 or 58#.
Today was Bear Grit day but the downside action wasn’t terribly tremendous. But today’s action will get $nymo below the O line. The markets probably needed to close near the highs of the week to give some symmetry to the week of April 23. Euro is quietly crashing and made a new multi-month low today while the yen had an intradray bounce which carried over to the other markets and produced the end of day rallies in the stock market…..
Bear Grit day:::::1.) the number of men Rooster Cogburn is accused of killing….12……15……finally 23…….12-15+23days===1-7…….12-23+15days===1-7
2.)Rooster dies in 1903=====107years ago
3.)The movie takes place in 1877 or 1878…1877 if the movie notes are correct and Mattie Ross is 40years old when she is narrating it in 1903. Both theoretically work………..1(87)7or…..1(8)7(8)
4.)He also tells Mattie at one point that he once took on 7 men on horseback by himself or 1 on 7
Today is also the UNSTOPPABLE force number of days,777, from the Nov 21st 2008 low. It is also 88 days from 10-11 (and 1-6was 88days from 10-10-10) which makes it 3years plus 88 days from 10-11-07 high or 1184 days if one includes the ’08 leap year which makes Saturday 11(85)days from the’07 high.
It is also (23)4 years 6months and 6 days from the official founding of the “enlightened ones” on July,1,1776. The stock market bottomed on the 234th anniversary on July 1st earlier this year and it was also 333tds from 3-6-9 low and 66calendar days from April 26 high. 233 would seem the more logical number to use but I have seen that the boyz like the #34, plus it is a Fibonacci number and probably a perfected super degree.
Come on Bernanke (I mean Gilligan), go faster… push those pedal’s harder! Get that bicycle wheel spinning at maximum speed. We need more electricity to keep this print press going! Faster Ben, Faster!
The 5, 15, and 60 minute charts are all oversold now. As long as that trendline holds, the market will recover and head higher into the close and Monday.
Everyone should know by now that this move down was just a “technical” reset of the charts, and bear trap. This uptrend isn’t over until the DIA print is hit.
Red, Have you seen articles lately Stephen Rhinehart. If so, where does he publish. I have real charts/write up by him when he used to publish in Financial Sense. It is saying bottom in july 2010 and top in 2012. I reaaly miss his write ups and i donot know what happened to him
VXX mentioned on Nightly Business Report.
Portugal pays higher rate to sell debt:
http://news.yahoo.com/s/ap/20110106/ap_on_bi_ge/eu_europe_financial_crisis
Artificial Strengthening of the dollar. Portugal cannot print Euros, so they are vulnerable.
METALS OUTLOOK: Gold, Silver Could See Some Continued Weakness Next Week:
http://www.kitco.com/reports/KitcoNews201101007DeC_mtlsoutlk.html
Keep collecting coins when prices go down!
Nearly 500 point sell-off in the Sensex:
http://www.google.com/finance?q=INDEXBOM:.BSESN
Bernanke grows more confident in recovery:
http://www.reuters.com/article/idUSTRE7060UW20110108
I dunno who is worst Big Ben or Bernanke.
I think we’ve seen the top. A lot of evidence that I have presented. Dow and Nasdaq also hit key resistance levels this week that I have noticed very few if any are talking about. The market is struggling as it fights between the cycles from flash crash 5(6)+8 and 8-9-10+5.
There is also the ceremonial/ritualistic playoff game tomorrow between the Jets and the Colts, a rematch of the January 12,1969 Superbowl that the Jets won when they were a tremendous underdog. They played last year in the playoffs on Jan 24 in the midst of the January correction but the Jets weren’t getting the hype then that the media overlords are giving them this year. The Jets are the underdog so a win would line up with the 1969 Superbowl but a loss would also make them 11-6.
All we need now is a nice gap up on Monday, and run up a couple hundred points to our final top. Then on 1-11-11… the bottom falls out! Could it be that simple?
Today is also 132trading days or 66×2 from the July low. There was also another 27week 134td rally from July 8,2009 low which should be 78 weeks ago. It is also 36weeks from the April highs, 37 weeks from the week of April 23.
Today is also 7x17or 119 days from 9-9 and 484days from 9-9-9. Today is also 64+88 or 152 days from 8-8. It is also 46days from 11-22 or Miami Thrice/DeMolay day and 188days from the July 3 Yahoo Finance false print.
There is also the 5month cycle to the 8-9-10 high occurring over the weekend. August (8)+5 or 58#.
Today was Bear Grit day but the downside action wasn’t terribly tremendous. But today’s action will get $nymo below the O line. The markets probably needed to close near the highs of the week to give some symmetry to the week of April 23. Euro is quietly crashing and made a new multi-month low today while the yen had an intradray bounce which carried over to the other markets and produced the end of day rallies in the stock market…..
Bear Grit day:::::1.) the number of men Rooster Cogburn is accused of killing….12……15……finally 23…….12-15+23days===1-7…….12-23+15days===1-7
2.)Rooster dies in 1903=====107years ago
3.)The movie takes place in 1877 or 1878…1877 if the movie notes are correct and Mattie Ross is 40years old when she is narrating it in 1903. Both theoretically work………..1(87)7or…..1(8)7(8)
4.)He also tells Mattie at one point that he once took on 7 men on horseback by himself or 1 on 7
Today is also the UNSTOPPABLE force number of days,777, from the Nov 21st 2008 low. It is also 88 days from 10-11 (and 1-6was 88days from 10-10-10) which makes it 3years plus 88 days from 10-11-07 high or 1184 days if one includes the ’08 leap year which makes Saturday 11(85)days from the’07 high.
It is also (23)4 years 6months and 6 days from the official founding of the “enlightened ones” on July,1,1776. The stock market bottomed on the 234th anniversary on July 1st earlier this year and it was also 333tds from 3-6-9 low and 66calendar days from April 26 high. 233 would seem the more logical number to use but I have seen that the boyz like the #34, plus it is a Fibonacci number and probably a perfected super degree.
Come on Bernanke (I mean Gilligan), go faster… push those pedal’s harder! Get that bicycle wheel spinning at maximum speed. We need more electricity to keep this print press going! Faster Ben, Faster!
Looks like the market might be going for “gap fill” around 1260 spx (125.89 spy).
The market bounced right off this trendline of support…
http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID1926808&cmd=show%5Bs205330887%5D&disp=P
The 5, 15, and 60 minute charts are all oversold now. As long as that trendline holds, the market will recover and head higher into the close and Monday.
Everyone should know by now that this move down was just a “technical” reset of the charts, and bear trap. This uptrend isn’t over until the DIA print is hit.