I heard my first rumors that OCT earnings are going to be good. Keep this info tucked away for awhile, and then use it as the NOV elections get closer.
Only 7 of the 30, dow 30 components show any leadership, and this is on very light volume. This is a very bearish signal. ( here are the 7 leaders, CAT,DD,CVX,KFT,KO,MCD,T). 3 of those 7 are JUNK FOOD.
wow red, you are really paranoid haha, I do think there is some small scale manipulation in the markets, and perhaps on occasion something of a greater magnitude. I had been trading some manipulation signals I was seeing with near 100% accuracy for several months, never losing on a trade and making small money (I wasn’t confident it was going to work forever, so I bet small). I had figured out the basic algorithm for how the signals were generated and what they meant. However, it just kept working. Then suddenly back a few weeks ago, the signals stopped coming in. Very odd. It was like everything went quiet. The only event that coincided with the stoppage was the ending of JP Morgan and Goldman Sachs prop trading groups, so at this point, my theory was that one of those firms was behind it. I’ll let you know if it returns.
That count is still possible Diablos. Since we have a downside FP of 105.39 spy, as long as it reverses back up there then we could rally until the end of the year?
I don’t think it will happen, but it’s possible. I think the 105.39 FP is only the first stop going down (possibly by the end of this coming week?), and the final stop is Dow 8300… then a rally up until early next year (probably to the DIA 118.16 FP).
Everything points to a big sell off… not just down to the 105.39 spy FP, and then a reversal. I don’t think that’s a big enough move for the boys at the Pilgrimage.
The last Pilgrimage took the market up from February the 5th to April the 26th… a 2 1/2 month rally. I expect at least half of that time period on the sell off too.
It was about a 170 point move up in the spx during that period, and I expect about the same or more on the coming downturn.
But, that doesn’t mean we can’t go back up to the DIA 118.16 print over the next 6 months, as that’s still possible too. I just think we go down to DOW 8300 first, and then back up.
A good read…Red.
I heard my first rumors that OCT earnings are going to be good. Keep this info tucked away for awhile, and then use it as the NOV elections get closer.
Only 7 of the 30, dow 30 components show any leadership, and this is on very light volume. This is a very bearish signal. ( here are the 7 leaders, CAT,DD,CVX,KFT,KO,MCD,T). 3 of those 7 are JUNK FOOD.
wow red, you are really paranoid haha, I do think there is some small scale manipulation in the markets, and perhaps on occasion something of a greater magnitude. I had been trading some manipulation signals I was seeing with near 100% accuracy for several months, never losing on a trade and making small money (I wasn’t confident it was going to work forever, so I bet small). I had figured out the basic algorithm for how the signals were generated and what they meant. However, it just kept working. Then suddenly back a few weeks ago, the signals stopped coming in. Very odd. It was like everything went quiet. The only event that coincided with the stoppage was the ending of JP Morgan and Goldman Sachs prop trading groups, so at this point, my theory was that one of those firms was behind it. I’ll let you know if it returns.
My weekend update is finished. Black Monday anyone?
That count is still possible Diablos. Since we have a downside FP of 105.39 spy, as long as it reverses back up there then we could rally until the end of the year?
I don’t think it will happen, but it’s possible. I think the 105.39 FP is only the first stop going down (possibly by the end of this coming week?), and the final stop is Dow 8300… then a rally up until early next year (probably to the DIA 118.16 FP).
Everything points to a big sell off… not just down to the 105.39 spy FP, and then a reversal. I don’t think that’s a big enough move for the boys at the Pilgrimage.
The last Pilgrimage took the market up from February the 5th to April the 26th… a 2 1/2 month rally. I expect at least half of that time period on the sell off too.
It was about a 170 point move up in the spx during that period, and I expect about the same or more on the coming downturn.
But, that doesn’t mean we can’t go back up to the DIA 118.16 print over the next 6 months, as that’s still possible too. I just think we go down to DOW 8300 first, and then back up.
If you make a million… be sure to send a little my way. LOL.
Obama will probably crash the market…
He’ll probably adopt Greenspan’s outlook.
http://www.cnbc.com/id/39191972
I’ll let you know, how much dough I make, or lose. small position, so don’t expect +$1,000,000
Possible EW count…
http://screencast.com/t/Y2FiNmYyZTEt