I agree Johnny. But if they do that now, during the holiday season, and it really is the “final top”, then they would start the sell off before the end of the year. Some how I don’t see the “big one” starting until early next year. I’m just looking for a pullback for a few days to weeks, and then a move up to the FP in January.
Red, we have to remember we are only about 3.7% away from the DIA FP. If they pass the Bush tax cuts for everyone and extend unemployment benefits, 40pts +/- on the S&P would be no problem for the TPTB. That would put us real close to the FP… I’m with you and don’t think it will happen now, but it’s one scenerio that would trap all remaining bears and set the stage for taking a ton of money from the bulls.
You know I count on everyone that posts on this blog to keep me informed, as no one person can follow and read everything out there. It’s easy to miss an article, or important news event when you are busy reading something else.
I sure wish I was a speed reader. That would be sweet. But then again, I’d still have to find all the info out there to read. Anyway, thanks for informing me of that news data.
happy st. nicholas day red (dec. 6th is st. nick day for germans)….
Dec 6/7 is both the irish vote on the bail out and the european ‘pull your money from the banks’ run. i think this may surprise alot of the establishment and the bank runs may just trigger some kind of crash – it would fit with that wilshire date of 12/7.
Mercury Retrograde (appearance of going “backwards”) is widely accepted by Astro followers as leading to a breakdown in communication, technology, and transportation. Dec 9 Starts the Retrograde.
During retrograde is considered a bad time to start a new venture or enter contracts.
You don’t have to believe it, but you should react to it. Do this one fairly simple thing.
BACK UP YOUR COMPUTER SYSTEMS!
Link below is a practical computer backup procedure I wrote in 2009. Don’t be intimidated by it. You don’t have to do every step. Each step that you do take, great reduces chances of a catastrophic loss.
A drive image is SO POWERFUL. Do a drive image, even if you do nothing else!
ES Resistance at 1224
http://niftychartsandpatterns.blogspot.com/2010/12/s-500-futures-in-diamond-pattern.html
I agree Johnny. But if they do that now, during the holiday season, and it really is the “final top”, then they would start the sell off before the end of the year. Some how I don’t see the “big one” starting until early next year. I’m just looking for a pullback for a few days to weeks, and then a move up to the FP in January.
Red, we have to remember we are only about 3.7% away from the DIA FP. If they pass the Bush tax cuts for everyone and extend unemployment benefits, 40pts +/- on the S&P would be no problem for the TPTB. That would put us real close to the FP… I’m with you and don’t think it will happen now, but it’s one scenerio that would trap all remaining bears and set the stage for taking a ton of money from the bulls.
S&P 500 Futures Chart
http://niftychartsandpatterns.blogspot.com/2010/12/s-500-futures-in-diamond-pattern.html
Funny…
Buy the dip – funny vid (language):
http://www.youtube.com/watch?v=jllJ-HeErjU
Thanks Richie…
You know I count on everyone that posts on this blog to keep me informed, as no one person can follow and read everything out there. It’s easy to miss an article, or important news event when you are busy reading something else.
I sure wish I was a speed reader. That would be sweet. But then again, I’d still have to find all the info out there to read. Anyway, thanks for informing me of that news data.
Red
happy st. nicholas day red (dec. 6th is st. nick day for germans)….
Dec 6/7 is both the irish vote on the bail out and the european ‘pull your money from the banks’ run. i think this may surprise alot of the establishment and the bank runs may just trigger some kind of crash – it would fit with that wilshire date of 12/7.
http://www.zerohedge.com/article/weekly-recap-and-upcoming-calendar-all-eyes-december-7-and-irish-budgeteuropean-bank-run
you are the best of the best red!
richie
New post…
Mercury Retrograde (appearance of going “backwards”) is widely accepted by Astro followers as leading to a breakdown in communication, technology, and transportation. Dec 9 Starts the Retrograde.
During retrograde is considered a bad time to start a new venture or enter contracts.
You don’t have to believe it, but you should react to it. Do this one fairly simple thing.
BACK UP YOUR COMPUTER SYSTEMS!
Link below is a practical computer backup procedure I wrote in 2009. Don’t be intimidated by it. You don’t have to do every step. Each step that you do take, great reduces chances of a catastrophic loss.
A drive image is SO POWERFUL. Do a drive image, even if you do nothing else!
http://oahutrading.blogspot.com/