Helluva Day is an understatement Darth Gerb! Looks like they started the party early without the bears (typical). I’d say the fear is setting in for investors that know the February 7th debt ceiling deadline is near.
So unless Bernanke pulls another rabbit out a hat and gets another rally started it’s looking more and more like the we are going to continue down until the debt ceiling issue is resolved.
Will that mean we’ll bottom on the 7th as they kick the can down to road to another future date? Or will we bounce up into the 7th from some positive words and then collapse after the 7th as no deal is reached?
From a technical point of view we could have just started a large wave 1 down of some kind and might bounce up with a wave 2 up into the 7th, but they are going to have to lie (nothing hard there as they are professionals at it) and say everything will be ok before that date, and then of course say “sorry” I thought we’d reach an agreement, but we didn’t… so down goes the market in a nasty wave 3!
The correction “may” have already started Amy? Today and yesterday certainly was ugly. On the bigger picture I do see a rally up later into 2016/2017, but it could end as early as 2015 I guess. But that’s too far off to predict. Right now it’s pretty ugly in the market and could continue into the 7th of February as investors sell off in fear of that debt ceiling date.
I don’t know if they are going to try to rally up only more time before then (maybe from something positive out of next weeks’ FOMC meeting) or if this is the start of the 10-30% correction? If we keep falling hard at this rate we could bottom on the 7th instead of topping?
thanks man..its fine if you actually give out to ppl who are interested..i think everyone interested should be able to see it..
There is a reason I protected that post. It too detailed. I only want those who request it to get access. Password is being emailed too you.
red great fan of yours but this password thing aint the brightest..just putting my views..
How do we get passcode?
Wow… and the Olympics start on February 7th, 2014. Too scary! Nice catch!
New post by Ali… http://reddragonleo.com/2014/01/20/when-will-the-stock-market-bubble-burst/
Sochi Clock Tower Matches Combined Disasters Illuminati Card!
http://www.youtube.com/watch?v=08_8cfysk-Y
IWM Trend update: http://niftychartsandpatterns.blogspot.in/2014/01/iwm-trend-update.html
Helluva Day is an understatement Darth Gerb! Looks like they started the party early without the bears (typical). I’d say the fear is setting in for investors that know the February 7th debt ceiling deadline is near.
So unless Bernanke pulls another rabbit out a hat and gets another rally started it’s looking more and more like the we are going to continue down until the debt ceiling issue is resolved.
Will that mean we’ll bottom on the 7th as they kick the can down to road to another future date? Or will we bounce up into the 7th from some positive words and then collapse after the 7th as no deal is reached?
From a technical point of view we could have just started a large wave 1 down of some kind and might bounce up with a wave 2 up into the 7th, but they are going to have to lie (nothing hard there as they are professionals at it) and say everything will be ok before that date, and then of course say “sorry” I thought we’d reach an agreement, but we didn’t… so down goes the market in a nasty wave 3!
The correction “may” have already started Amy? Today and yesterday certainly was ugly. On the bigger picture I do see a rally up later into 2016/2017, but it could end as early as 2015 I guess. But that’s too far off to predict. Right now it’s pretty ugly in the market and could continue into the 7th of February as investors sell off in fear of that debt ceiling date.
I don’t know if they are going to try to rally up only more time before then (maybe from something positive out of next weeks’ FOMC meeting) or if this is the start of the 10-30% correction? If we keep falling hard at this rate we could bottom on the 7th instead of topping?