The one thing most continue to ignore is that the money has to go somewhere. Now, unless you think the US bond market is going to suck up a lot of the spare money (at low rates)..then most money will end/stay in equities.
Basic text book chart rule…
We have a breakout of the old double top of sp’1500s.
Given a 2 yr climb…the natural thing would be for the market to floor at the 1500s..before the next era begins.
I realise for most out there.. the notion that we’ll NEVER see under sp’1500 again’ is a bizarre thought, but right now. I’m the only one who seems to be considering it.
If there is anything the bears should have learned since 2009….keep an open mind to the future.
I’m still looking for 17,000 DOW (about 1920-1960 SPX) before we end this rally up. Then I’ll be looking for a Primary Wave 4 down that should shave about 20-30% off the top.
I get the feeling that “they” are misleading Lindsey Williams (again) and we won’t see this “Global Currency Reset” in the next 90 days. History shows that the last time they devalued the dollar was at the bottom of the stock market in 1932… not the top in 1929.
So, logic tells me we’ll top out in late January or early February (probably around the Legatus meeting on Feb. 6th-8th, 2014) and then we’ll drop into the summer. Then at the bottom they will come on TV and announce that they are going to steal the pension funds of the public… followed by a currency reset.
This should give the market the fuel needed to rally up to insane new all time highs in the coming years of 2015 and 2016. This will be the Primary Wave 5 up that lasts to way too long and possibly puts the DOW at 30,000+?
Then we’ll see the largest crash in the history of mankind happen that will make the 1929 crash look like blip on the radar. Just imagine a drop from 30,000 to 3,000 in a year or two? That’s what I’m expecting they have planned.
Will they do it… or will there be some greater power stop them? I don’t know? I only can think about today and a short period into the future. So while I still see gold going up huge overnight from this currency reset I wouldn’t go long it until the stock market first tops and then bottoms from Primary Wave 4 down.
I estimate that to be somewhere between June to August of 2014 (for the bottom I mean). So we should keep our eyes open for FOMC meetings in late January and/or early February 2014 for a “possible” top. I suspect Bernanke will be instructed to say something at such meeting to cause the sell off to follow.
Hey RDL. I was myself surprised at the pre-Christmas – and pre-Yellen change in policy. The Fed is rarely unconventional.
–
Yet, the markets reaction was entirely expected. A perfect hit of the 50 day MA..and then soaring.
All the doomers – not least the Lyndsey Williams will be crawling back in their holes by end of the spring, which ironically, when the next intermediate top will be due.
Ok, so I haven’t exactly been around much to give you guys update…. sorry! I’ve been busy with other stuff. In fact, I’m still working hard on perfecting this this penny stock thing. Yes, I know the picks lately have been “hit or miss” but I’m confident the new picks will be more accurate.
You must remember that anything said in the newsletter that implies a certain percentage of gain is just an estimate and you as reddragonleo followers should be be able to figure out that should you exit at a 50% gain and NOT look for some maximum potential like 300% or more as promoted in the newsletter.
Don’t be greedy… yes, some picks will explode upwards and some won’t. I can’t control that as all I can do is give the best information I have. While this is a new sector to me I’m now about a year into it and I’m getting a lot better information then I was a year ago… so use common sense here please.
You guys are getting this information BEFORE the rest of the world! I will NOT be reposting this on facebook or twitter so only those REAL reddragonleo followers will see this comment. You should make a point to email me as I try to help out long time followers. 🙂
While I certainly don’t hate gay people as I know that most are simply born that way and can’t help the fact that they have a female spirit (soul) inside a male human body or male spirit inside a female human body, I will go on record that it’s NOT the normal… as much as the Bravo network (owned, controlled and heavily promoted by the satanist Illuminati) would like to promote that the world is full of gay people.
Sorry for those of you born that way as I’m sure I was too in some prior life. I, and you too, have lived hundreds of lives as both a woman and a man… but the normal thing is to be straight. It’s talked about in the Bible and while I can’t claim to be a “saved” person I still try to do the right thing.
So I fully support Phil Robertson from Duck Dynasty. He has every right to publicly state his belief of the Bible and the fact that he’s a Christian. The gay community has taken over the main stream media as the Illuminati is hell bent on destroying everything the Bible stands for. Again, I’m not perfect but I know right from wrong.
It 100% wrong for these idiot producers on TV to ban Phil Robertson for him voicing his opinion as once we stop free speech we the people lose! If the satanist Illuminati can openly promote gay relationships we the sheep should be able to openly support natural marriage.
So if anyone that is gay takes this like I hate them… you wrong, as I don’t. I’m trying not to even hate the satanist Illuminati, so forgive me if you take this as an attack. It’s not… I’m just tried of a “one sided” point of view. The other 90% of the population is actually straight and are getting tired of seeing 4 out of 5 gay guys that real estate agents in New York city…. as I know damn well that’s not the NORM!
I have some gay and lesbian friends and love them dearly… but they can’t help it. I understand that and don’t hate them… so stop hating Phil Robertson for speaking his point of view.
Ok… enough ranting as no one is actually reading my blog anymore as it’s just me and San commenting here lately. Merry Christmas to me and him.
This rally today was way too strong to think it’s just a “misdirection” move up. At this point I’m going with the forecast that the low is in for awhile now and we are on our way back up for the rest of the year and into early 2014. We should rally to at least 17,000 DOW I believe as previously talked about.
I must admit… I’m shocked they started tapering. And we are rallying from it, which from past experiences the first move after the FOMC minutes are released is “usually” the “misdirection” move. Meaning that I don’t think the selling is over with as this is likely to be just a short squeeze before another move down to make a lower low over the coming days to weeks.
I really doubt if anything changes at the FOMC meeting today at 2pm. However, the charts do support one more move down to that 1760 area. If the low breaks today odds are 90% that we’ll go a little low on Thursday before bottoming. Of course if he states something positive then we could have already bottomed and should rally.
This is a triangle formation and the breakout can happen at anytime now as it’s nearing the apex of the triangle. But sometimes bullish triangles break and then we’d see a sharp move down. With it being so close to Christmas even if it does break I’m not expecting a lot on the downside.I’d be shocked if it went past 1750 spx.
When charts are bearish like this but near the bottom it’s hard too tell how much farther they will continue down. A positive statement from Bernanke should cause them to curl back up and start a rally, but a negative statement will push the charts lower into a deeper oversold condition.
I think his statement won’t be viewed negative or positive and will just keep traders guessing. That cold setup the market to continue chopping in this triangle all day and push it out to the very end of the apex by the close. Then maybe on Thursday the jobs data (or some other news) will be the determining factor to which direction the market will go?
re: Just imagine a drop from 30,000 to 3,000
—
Possible..but I can’t see that.
The one thing most continue to ignore is that the money has to go somewhere. Now, unless you think the US bond market is going to suck up a lot of the spare money (at low rates)..then most money will end/stay in equities.
Basic text book chart rule…
We have a breakout of the old double top of sp’1500s.
Given a 2 yr climb…the natural thing would be for the market to floor at the 1500s..before the next era begins.
I realise for most out there.. the notion that we’ll NEVER see under sp’1500 again’ is a bizarre thought, but right now. I’m the only one who seems to be considering it.
If there is anything the bears should have learned since 2009….keep an open mind to the future.
Good wishes from a stormy London
I’m still looking for 17,000 DOW (about 1920-1960 SPX) before we end this rally up. Then I’ll be looking for a Primary Wave 4 down that should shave about 20-30% off the top.
I get the feeling that “they” are misleading Lindsey Williams (again) and we won’t see this “Global Currency Reset” in the next 90 days. History shows that the last time they devalued the dollar was at the bottom of the stock market in 1932… not the top in 1929.
So, logic tells me we’ll top out in late January or early February (probably around the Legatus meeting on Feb. 6th-8th, 2014) and then we’ll drop into the summer. Then at the bottom they will come on TV and announce that they are going to steal the pension funds of the public… followed by a currency reset.
This should give the market the fuel needed to rally up to insane new all time highs in the coming years of 2015 and 2016. This will be the Primary Wave 5 up that lasts to way too long and possibly puts the DOW at 30,000+?
Then we’ll see the largest crash in the history of mankind happen that will make the 1929 crash look like blip on the radar. Just imagine a drop from 30,000 to 3,000 in a year or two? That’s what I’m expecting they have planned.
Will they do it… or will there be some greater power stop them? I don’t know? I only can think about today and a short period into the future. So while I still see gold going up huge overnight from this currency reset I wouldn’t go long it until the stock market first tops and then bottoms from Primary Wave 4 down.
I estimate that to be somewhere between June to August of 2014 (for the bottom I mean). So we should keep our eyes open for FOMC meetings in late January and/or early February 2014 for a “possible” top. I suspect Bernanke will be instructed to say something at such meeting to cause the sell off to follow.
Hey RDL. I was myself surprised at the pre-Christmas – and pre-Yellen change in policy. The Fed is rarely unconventional.
–
Yet, the markets reaction was entirely expected. A perfect hit of the 50 day MA..and then soaring.
All the doomers – not least the Lyndsey Williams will be crawling back in their holes by end of the spring, which ironically, when the next intermediate top will be due.
Its ironic how so many are talking about the weekly death cross in the metals.
It seems it took for Gold <$1200 for people to realise the mid term trend is actually down, lol.
Ok, so I haven’t exactly been around much to give you guys update…. sorry! I’ve been busy with other stuff. In fact, I’m still working hard on perfecting this this penny stock thing. Yes, I know the picks lately have been “hit or miss” but I’m confident the new picks will be more accurate.
You must remember that anything said in the newsletter that implies a certain percentage of gain is just an estimate and you as reddragonleo followers should be be able to figure out that should you exit at a 50% gain and NOT look for some maximum potential like 300% or more as promoted in the newsletter.
Don’t be greedy… yes, some picks will explode upwards and some won’t. I can’t control that as all I can do is give the best information I have. While this is a new sector to me I’m now about a year into it and I’m getting a lot better information then I was a year ago… so use common sense here please.
You guys are getting this information BEFORE the rest of the world! I will NOT be reposting this on facebook or twitter so only those REAL reddragonleo followers will see this comment. You should make a point to email me as I try to help out long time followers. 🙂
While I certainly don’t hate gay people as I know that most are simply born that way and can’t help the fact that they have a female spirit (soul) inside a male human body or male spirit inside a female human body, I will go on record that it’s NOT the normal… as much as the Bravo network (owned, controlled and heavily promoted by the satanist Illuminati) would like to promote that the world is full of gay people.
Sorry for those of you born that way as I’m sure I was too in some prior life. I, and you too, have lived hundreds of lives as both a woman and a man… but the normal thing is to be straight. It’s talked about in the Bible and while I can’t claim to be a “saved” person I still try to do the right thing.
So I fully support Phil Robertson from Duck Dynasty. He has every right to publicly state his belief of the Bible and the fact that he’s a Christian. The gay community has taken over the main stream media as the Illuminati is hell bent on destroying everything the Bible stands for. Again, I’m not perfect but I know right from wrong.
It 100% wrong for these idiot producers on TV to ban Phil Robertson for him voicing his opinion as once we stop free speech we the people lose! If the satanist Illuminati can openly promote gay relationships we the sheep should be able to openly support natural marriage.
So if anyone that is gay takes this like I hate them… you wrong, as I don’t. I’m trying not to even hate the satanist Illuminati, so forgive me if you take this as an attack. It’s not… I’m just tried of a “one sided” point of view. The other 90% of the population is actually straight and are getting tired of seeing 4 out of 5 gay guys that real estate agents in New York city…. as I know damn well that’s not the NORM!
I have some gay and lesbian friends and love them dearly… but they can’t help it. I understand that and don’t hate them… so stop hating Phil Robertson for speaking his point of view.
Ok… enough ranting as no one is actually reading my blog anymore as it’s just me and San commenting here lately. Merry Christmas to me and him.
GOLD Death Cross in Weekly chart: http://niftychartsandpatterns.blogspot.in/2013/12/gold-death-cross-of-weekly-chart.html
This rally today was way too strong to think it’s just a “misdirection” move up. At this point I’m going with the forecast that the low is in for awhile now and we are on our way back up for the rest of the year and into early 2014. We should rally to at least 17,000 DOW I believe as previously talked about.
I must admit… I’m shocked they started tapering. And we are rallying from it, which from past experiences the first move after the FOMC minutes are released is “usually” the “misdirection” move. Meaning that I don’t think the selling is over with as this is likely to be just a short squeeze before another move down to make a lower low over the coming days to weeks.
I really doubt if anything changes at the FOMC meeting today at 2pm. However, the charts do support one more move down to that 1760 area. If the low breaks today odds are 90% that we’ll go a little low on Thursday before bottoming. Of course if he states something positive then we could have already bottomed and should rally.
This is a triangle formation and the breakout can happen at anytime now as it’s nearing the apex of the triangle. But sometimes bullish triangles break and then we’d see a sharp move down. With it being so close to Christmas even if it does break I’m not expecting a lot on the downside.I’d be shocked if it went past 1750 spx.
When charts are bearish like this but near the bottom it’s hard too tell how much farther they will continue down. A positive statement from Bernanke should cause them to curl back up and start a rally, but a negative statement will push the charts lower into a deeper oversold condition.
I think his statement won’t be viewed negative or positive and will just keep traders guessing. That cold setup the market to continue chopping in this triangle all day and push it out to the very end of the apex by the close. Then maybe on Thursday the jobs data (or some other news) will be the determining factor to which direction the market will go?