It was a really small position that expires this Friday. It’s worthless now, so I’ll just let it ride in case a big drop does happen. From the looks of things, they could go up to the DIA by this Friday.
If so, then I’d expect something to happen over the weekend trapping all the bulls, and catching the bears off guard. When that print hits, I’ll be going short again. Until then, I’m trading very lightly.
Hey Red, I still watch your videos nearly religiously…thanks for all the effort you put in them. I feel for you and others that are short because it’s so obviously the thing to do for “us in the know” about what is really going on. I just want to know how high will the market have to go before you get squeezed out of your position.
Remember the old adage, and I can’t remember the exact quote, that the market can move against you longer than you can stay liquid…..just curious what your stop is
At the rate the market moving up we’ll hit the DIA print within a couple more days. This is unexpected, as I don’t see them tanking the market before Christmas.
Maybe we hit the print and only sell off 50 points or so by the end of the year? Nothing major to scare the bulls out the market. These gangsters sure like to surprise everyone, that’s for sure.
I just hope it’s not caused by another False Flag event. Just let it be Wikileaks releasing dirt on JPM and GS… that’ll tank the market.
My model says Tuesday will be the top for the stock market indexes and then a correction will begin on Wednesday. The current buy/sell volume matrix is identical to that of April. The April pattern was 5 phases( 1, 2, 3,13, 5 days) lasting 24 days beginning March 18th with the market topping April 23. The current pattern started November 8th with the identical 5 phases and sequence (1, 2, 3, 13, 3 days). So we now have 2 days remaining to complete the current pattern (December 14th). Trade what you see and not what you feel so I will begin shorting Tuesday. Wish me luck!
December 11 was the 23rd anniversary of the release of the original Wall Street. The final ritualistic piece?? Merriman writes that Mars is translating the Cardinal Climax T Square from July August earlier this year from December 7 on though he doesn’t seem to indicate it’s a big deal. Some other interesting astro struff I have discovered. And saw the Tourist and it is centered around a mysterious Madoff like figure. Interesting that it is released 2 years from the Madoff revelations. It has some interesting numbers also. Maybe a more comprehensive post tomorrow.
Watch the Japanese yen. Once it breaks its lows from the past few weeks, the panic is on. The yen has been the funding currency for all of these speculative trades. Euro is nearing its multi-week bottom in the overnight session.
shorting here!!!!!
Thanks Zen…
It was a really small position that expires this Friday. It’s worthless now, so I’ll just let it ride in case a big drop does happen. From the looks of things, they could go up to the DIA by this Friday.
If so, then I’d expect something to happen over the weekend trapping all the bulls, and catching the bears off guard. When that print hits, I’ll be going short again. Until then, I’m trading very lightly.
Hey Red, I still watch your videos nearly religiously…thanks for all the effort you put in them. I feel for you and others that are short because it’s so obviously the thing to do for “us in the know” about what is really going on. I just want to know how high will the market have to go before you get squeezed out of your position.
Remember the old adage, and I can’t remember the exact quote, that the market can move against you longer than you can stay liquid…..just curious what your stop is
At the rate the market moving up we’ll hit the DIA print within a couple more days. This is unexpected, as I don’t see them tanking the market before Christmas.
Maybe we hit the print and only sell off 50 points or so by the end of the year? Nothing major to scare the bulls out the market. These gangsters sure like to surprise everyone, that’s for sure.
I just hope it’s not caused by another False Flag event. Just let it be Wikileaks releasing dirt on JPM and GS… that’ll tank the market.
It’s only rare when the markets are trading normally. With Bernankes’ POMO money the impossible is possible…. LOL
S&P 500 Futures chart
http://niftychartsandpatterns.blogspot.com/2010/12/s-500-futures-before-opening-bell_13.html
Well if we hit that DIA Tuesday, then you can bet I’ll be 100% short at that point. For now, I trade lightly.
http://oahutrading.blogspot.com/2010/12/fear-factor_12.html
My model says Tuesday will be the top for the stock market indexes and then a correction will begin on Wednesday. The current buy/sell volume matrix is identical to that of April. The April pattern was 5 phases( 1, 2, 3,13, 5 days) lasting 24 days beginning March 18th with the market topping April 23. The current pattern started November 8th with the identical 5 phases and sequence (1, 2, 3, 13, 3 days). So we now have 2 days remaining to complete the current pattern (December 14th). Trade what you see and not what you feel so I will begin shorting Tuesday. Wish me luck!
December 11 was the 23rd anniversary of the release of the original Wall Street. The final ritualistic piece?? Merriman writes that Mars is translating the Cardinal Climax T Square from July August earlier this year from December 7 on though he doesn’t seem to indicate it’s a big deal. Some other interesting astro struff I have discovered. And saw the Tourist and it is centered around a mysterious Madoff like figure. Interesting that it is released 2 years from the Madoff revelations. It has some interesting numbers also. Maybe a more comprehensive post tomorrow.
Watch the Japanese yen. Once it breaks its lows from the past few weeks, the panic is on. The yen has been the funding currency for all of these speculative trades. Euro is nearing its multi-week bottom in the overnight session.