While I understand where you are going with this, I don’t consider them FP’s. The market actually traded at those levels on that day with many different trades executed.
Most FP’s only have a brief, one trade executed, volume spike higher or lower. Some FP’s are so quick that you don’t see any volume or trades tied to the print.
But either way, the FP’s that I consider fake, are split second trades that spend less then one minute at that level. That black candle you are talking about doesn’t count in my book.
However, it’s still an important indicator to watch. The top is just about 400 Dow points away I believe. Again, I doubt that we will hit it this year, but we will in January I believe… and then the real fun begins.
On the SPY chart, or any stock for that matter…When its trend is headed for the clouds, and you get a Huge black Candle…See the SPY chart, last week, those huge black candles, should be treated as fake prints…Only these fake prints, are short time frames, and fairly consistently make a new higher high. ( it most definitely fits in with an Illuminati signal, category. )
FP is short for “Fake Print”. It a print on the market that is put up ahead of the market actually hitting that level. Like the first FP I seen back in January, and 3 weeks later the market hit that level and quickly reversed for the next 3-4 months.
The Illuminati control the stock market. They tell their buddies where they plan to take the market with these FP’s. While I haven’t figured out the timing of “when” the prints will be hit… they “will” be hit at some point.
So, I just use them for future guidence when the market is finally headed in that direction. I then know ahead of time of the price level that the market will hit and reverse from, or simply pause at. Either way, you would exit your position once the print is hit.
Then 3 weeks later the market dropped to an intraday low of 1044.50 spx, and then reversed back up for the next 3 months. I believe that the FP I got back in May of DIA 118.16 will be our final top in the market, which will then be followed by a crash.
This is that print. It’s about Dow 11,800 and SPX 1260-1280 (estimated)…
Just came about your site and read your previous blog post. Had a few questions.
1. What is a FP or print?
2. Been reading a # of analysts predictions for 2011 (weiss, prechter, rogers, schiff, faber etc)…..was wondering if you plan to do something like this including update to the potential “depression”. General view of what 2011 can bring.
Definitely enjoy the read …thanks.
While I understand where you are going with this, I don’t consider them FP’s. The market actually traded at those levels on that day with many different trades executed.
Most FP’s only have a brief, one trade executed, volume spike higher or lower. Some FP’s are so quick that you don’t see any volume or trades tied to the print.
But either way, the FP’s that I consider fake, are split second trades that spend less then one minute at that level. That black candle you are talking about doesn’t count in my book.
However, it’s still an important indicator to watch. The top is just about 400 Dow points away I believe. Again, I doubt that we will hit it this year, but we will in January I believe… and then the real fun begins.
On the SPY chart, or any stock for that matter…When its trend is headed for the clouds, and you get a Huge black Candle…See the SPY chart, last week, those huge black candles, should be treated as fake prints…Only these fake prints, are short time frames, and fairly consistently make a new higher high. ( it most definitely fits in with an Illuminati signal, category. )
Yeah… I need to do another GD2 video. Maybe I’ll do that around Christmas when I have some time off? Thanks for reminding me of that.
FP is short for “Fake Print”. It a print on the market that is put up ahead of the market actually hitting that level. Like the first FP I seen back in January, and 3 weeks later the market hit that level and quickly reversed for the next 3-4 months.
The Illuminati control the stock market. They tell their buddies where they plan to take the market with these FP’s. While I haven’t figured out the timing of “when” the prints will be hit… they “will” be hit at some point.
So, I just use them for future guidence when the market is finally headed in that direction. I then know ahead of time of the price level that the market will hit and reverse from, or simply pause at. Either way, you would exit your position once the print is hit.
This print is my first one…
http://reddragonleo.com/wp-content/uploads/2010/01/97-point-misprint-on-SP-1024×684.jpg
Then 3 weeks later the market dropped to an intraday low of 1044.50 spx, and then reversed back up for the next 3 months. I believe that the FP I got back in May of DIA 118.16 will be our final top in the market, which will then be followed by a crash.
This is that print. It’s about Dow 11,800 and SPX 1260-1280 (estimated)…
http://reddragonleo.com/wp-content/uploads/2010/04/DIA-misprint-03-31-2010.jpg
Watch some of my old video’s on my Youtube channel (or just read the old posts) to learn more about FP’s.
Hope that helps…
Red
Just came about your site and read your previous blog post. Had a few questions.
1. What is a FP or print?
2. Been reading a # of analysts predictions for 2011 (weiss, prechter, rogers, schiff, faber etc)…..was wondering if you plan to do something like this including update to the potential “depression”. General view of what 2011 can bring.
Definitely enjoy the read …thanks.
Weekend post is now up….
http://online.wsj.com/article_email/SB10001424052748704447604576007920154277428-lMyQjAxMTAwMDAwOTEwNDkyWj.html#articleTabs%3Darticle
QQQQ Weekly chart analysis
http://niftychartsandpatterns.blogspot.com/2010/12/qqqq-chart-analysis.html
Madoff son found dead:
http://news.bostonherald.com/news/national/northeast/view/20101212madoff_son_found_dead/srvc=home&position=recent
We’ll have to see how much longer the market can act completely irrational first…