Regarding Half Past Human data, based on the most recent data, the tipping point seems to end on 11/14, and then we enter the 2 months long release language. To put this in perspective, 9/11/01 was the last major tipping point and then we entered a few days of release type language. It was during the release type language that the market really accelerated the sell-off (it had been in a downtrend prior). So, although we may sell off next week, I wouldn’t be too surprised if we rallied (since we’re in an uptrend), went flat or had a small type sell off. But I do fully expect that by 11/15, the selling will start in earnest.
Also keep in mind that for those who purchased and read the full report, there was some indication of the market(s) being shut down or stopped as a stop-gap measure due to massive selling. And then when they’re reopened, the selling continues. It doesn’t indicate how long such a closing would be but it’s for this reason I’ve been buying Dec puts instead of November, just in case I can’t realize my profit because the markets were closed.
lol, Red, you are the best, every day a new crash prediction….guess I was wrong about professionals pushing stops on the futures yesterday, I guess they were loading up for today!I think you will be right one of these days, but you might have to post every day for the next 100 days…heh heh. This market is out of control. This rally reeks of desperation.
My money gets wired into my options account tomorrow. I’m thinking about the nov 10 (exp 19) 49 put which closed at .05/.06.
I figure with the double top, with it not breaking 1220, with the time wave zero graph’s downtrend a week before options expiration, our president and 200 ceo’s out of the country, all the talk about potential terror threats, mixed in with the huge up day today after the fed’s announcement – how is it not a good time to go short on an out of the money contract? If there’s a pull back I’ll make money hand over fist, and if there’s a crash I’m golden, especially considering the paltry sum I have to toss at some contracts.
My question here is – if tomorrow is not a gap ‘down day’ consolidating before another bear trap, and tomorrow trades sideways / up, would it be best to pick up the contracts around 10am before the volume picks up for the day, or would I be better off holding off for the close, letting the market run its course, and getting in no matter what before the weekend? There’s all this chatter about the significance of the 5th, 6th, and 7th, and the monday doesn’t come until the 8th. Wouldn’t it pay off more to pick up an out of the money, this month, contract on friday and just let it ride over the next couple of weeks?
Notice we closed at the magic number 1221 on the SP??? Have you seen the number on the Blackberry in all of those commercials. It’s better than the April 26 close of 1212 since April 23 had a higher close. 212 from 1010.91 be 1222/23 so it will be interesting if that is tomorrow’s high. It’s setting up for a TD weekly sell setup (9weeks of a close higher than four weeks earlier) or just a nine week TD extension since there never was an official sell signal since the March 2009 low. see twitter.com/kevindepew for furthur clarification (he’s the expert although I haven’t checked this twitter site for any recent updaters). This week will also be 27 weeks from the April high and 18 weeks from the July low. Remember there was an 18 week low to low during the first leg off the March 2009 lows (into July 2009 low) followed by a 27 week/134td rally (today is td#135 from the April high—the big drop came on day 136 in Jan). This is also week 69 from the July lows. There also have been lows this year on Feb 5,May 6,June8,July 1/6,and a high on August 9 so a turn cycle could occur around here. In 2008, there was an intervening high made on Nov 4 (election day) and in 2000, (10year cycle) the high was made on Nov 6 (following the first leg down from early Sept into August but on Nov 6, SP was right at its 200day average)
Thanks for the update. No I didn’t purchase the HPH data, but would love to have a copy. And buying December puts would also be a wise idea I believe.
Red,
Regarding Half Past Human data, based on the most recent data, the tipping point seems to end on 11/14, and then we enter the 2 months long release language. To put this in perspective, 9/11/01 was the last major tipping point and then we entered a few days of release type language. It was during the release type language that the market really accelerated the sell-off (it had been in a downtrend prior). So, although we may sell off next week, I wouldn’t be too surprised if we rallied (since we’re in an uptrend), went flat or had a small type sell off. But I do fully expect that by 11/15, the selling will start in earnest.
Also keep in mind that for those who purchased and read the full report, there was some indication of the market(s) being shut down or stopped as a stop-gap measure due to massive selling. And then when they’re reopened, the selling continues. It doesn’t indicate how long such a closing would be but it’s for this reason I’ve been buying Dec puts instead of November, just in case I can’t realize my profit because the markets were closed.
I hope this helps.
Let’s hope I’m wrong on this call, as I really don’t want to see a nuke go off just to sell the market sell off.
Refresh page for another added video…
lol, Red, you are the best, every day a new crash prediction….guess I was wrong about professionals pushing stops on the futures yesterday, I guess they were loading up for today!I think you will be right one of these days, but you might have to post every day for the next 100 days…heh heh. This market is out of control. This rally reeks of desperation.
what a crackpot-jeez
New post…
Yes… out of the money puts are the way to go. If it crashes, you’re golden… if not, you don’t lose much.
My money gets wired into my options account tomorrow. I’m thinking about the nov 10 (exp 19) 49 put which closed at .05/.06.
I figure with the double top, with it not breaking 1220, with the time wave zero graph’s downtrend a week before options expiration, our president and 200 ceo’s out of the country, all the talk about potential terror threats, mixed in with the huge up day today after the fed’s announcement – how is it not a good time to go short on an out of the money contract? If there’s a pull back I’ll make money hand over fist, and if there’s a crash I’m golden, especially considering the paltry sum I have to toss at some contracts.
My question here is – if tomorrow is not a gap ‘down day’ consolidating before another bear trap, and tomorrow trades sideways / up, would it be best to pick up the contracts around 10am before the volume picks up for the day, or would I be better off holding off for the close, letting the market run its course, and getting in no matter what before the weekend? There’s all this chatter about the significance of the 5th, 6th, and 7th, and the monday doesn’t come until the 8th. Wouldn’t it pay off more to pick up an out of the money, this month, contract on friday and just let it ride over the next couple of weeks?
Notice we closed at the magic number 1221 on the SP??? Have you seen the number on the Blackberry in all of those commercials. It’s better than the April 26 close of 1212 since April 23 had a higher close. 212 from 1010.91 be 1222/23 so it will be interesting if that is tomorrow’s high. It’s setting up for a TD weekly sell setup (9weeks of a close higher than four weeks earlier) or just a nine week TD extension since there never was an official sell signal since the March 2009 low. see twitter.com/kevindepew for furthur clarification (he’s the expert although I haven’t checked this twitter site for any recent updaters). This week will also be 27 weeks from the April high and 18 weeks from the July low. Remember there was an 18 week low to low during the first leg off the March 2009 lows (into July 2009 low) followed by a 27 week/134td rally (today is td#135 from the April high—the big drop came on day 136 in Jan). This is also week 69 from the July lows. There also have been lows this year on Feb 5,May 6,June8,July 1/6,and a high on August 9 so a turn cycle could occur around here. In 2008, there was an intervening high made on Nov 4 (election day) and in 2000, (10year cycle) the high was made on Nov 6 (following the first leg down from early Sept into August but on Nov 6, SP was right at its 200day average)