I’m looking for a choppy day today, with a smaller wave 1 up and wave 2 down to happen. Then a smaller wave 3 up all day Tuesday, with the smaller wave 4 down and 5 up to happen before Bernanke speaks at 2:15 pm on Wednesday. This should make up a larger wave 2 up from the low on Friday and setup a larger wave 3 down to happen into the close and to the end of this week.
A pop on Tuesday for the usual Fed pop day. Just basing this on the analog to a past historical epoch for the Nasdaq (actually 2 different epochs—–and I’ve brought them up here ad infinitum).
Dow is really outside/below its lower Bollinger Band so its due for a pop to get back to it but it looks like the Russell 2000 rode its lower band lower for a day back at that historical epoch before the pop (it’s in a similar position right now).
And we’ve got the Grand Ritual Bowl next week in NYC but I don’t get the meaning of the the 2 teams involved in particular Seattle. Which means the ritual might already be in process. They celebrated the 12 th fan concept in Seattle last weekend ad nauseaum as expected even adorning the Space Needle with a 12 flag LOL and displaying a 12 on one of the buildings in the Seattle skyline. And the typical numbnut PEDHAWK fan thinks its about him.
The NFL and the networks really did jump the shark with that Seattle -SF game last week but I will discuss that and the new mind-controlled mega-heel #25 of the PEDHAWKs (probably setting him up as a foil to the savior Popgun) later. (It actually isn’t anything new but his exposure just went mega-viral)
Anyone wanting access to my recent post must email me for the pass code.
ES update: http://niftychartsandpatterns.blogspot.in/2014/01/es-chart-update_27.html
Best guess for the bounce high is 1810 area: http://screencast.com/t/JEc4Zc3e
Certainly worth referencing again: https://fbcdn-sphotos-h-a.akamaihd.net/hphotos-ak-ash3/t1/q71/s720x720/577345_726498254041800_1296696738_n.jpg
I’m looking for a choppy day today, with a smaller wave 1 up and wave 2 down to happen. Then a smaller wave 3 up all day Tuesday, with the smaller wave 4 down and 5 up to happen before Bernanke speaks at 2:15 pm on Wednesday. This should make up a larger wave 2 up from the low on Friday and setup a larger wave 3 down to happen into the close and to the end of this week.
GOLD Trend Analysis: http://niftychartsandpatterns.blogspot.in/2014/01/gold-trend-analysis.html
ES Chart analysis: http://niftychartsandpatterns.blogspot.in/2014/01/es-chart-analysis_27.html
12 definitely means 111 but what else does it mean? 12=1+2?
A pop on Tuesday for the usual Fed pop day. Just basing this on the analog to a past historical epoch for the Nasdaq (actually 2 different epochs—–and I’ve brought them up here ad infinitum).
Dow is really outside/below its lower Bollinger Band so its due for a pop to get back to it but it looks like the Russell 2000 rode its lower band lower for a day back at that historical epoch before the pop (it’s in a similar position right now).
And we’ve got the Grand Ritual Bowl next week in NYC but I don’t get the meaning of the the 2 teams involved in particular Seattle. Which means the ritual might already be in process. They celebrated the 12 th fan concept in Seattle last weekend ad nauseaum as expected even adorning the Space Needle with a 12 flag LOL and displaying a 12 on one of the buildings in the Seattle skyline. And the typical numbnut PEDHAWK fan thinks its about him.
The NFL and the networks really did jump the shark with that Seattle -SF game last week but I will discuss that and the new mind-controlled mega-heel #25 of the PEDHAWKs (probably setting him up as a foil to the savior Popgun) later. (It actually isn’t anything new but his exposure just went mega-viral)
More signs of of something bad coming in the market: http://www.forbes.com/sites/gordonchang/2014/01/26/china-halts-bank-cash-transfers-2/