Arrggh… stupid desktop is still freezing on me! I’ve be working on it for a week now, and I’ve moved everything over to a new motherboard, power supply, case, etc… But it’s still freezing?
I was trying to do a video update, but it froze in the middle of the recording again. Sorry gang. I might have too try and do it with my laptop until I can figure out this problem. I think I have some bad RAM, as the problem is intermittent.
I build my own computers for a hobby, so it’s not “operator” error… it’s something for real, and I think it’s my ram? I’ll keep working on it, but in the meantime my posts might have too be done from the laptop. Not that I can’t use it to type the text for the posts, but I use the desktop for the video recording.
Anyway, just have patience with me. It doesn’t look like I’ve missed anything anyway, as the market is still chopping around. I am expecting some selling next week though, as it’s an opx week… which is usually bullish, but I think it’s going to do the opposite and sell off into next Friday.
We still have that 105.39 spy FP from a week ago, and I think it will be hit next week. After that though, I’m not sure? Being that the election is coming up in November, I’m leaning toward a rally happening instead of a sell off.
We still have the DIA 118.16 FP on the upside, and the Dow 8300 print on the downside… so which one do we hit first? I just don’t know at this point, but I do believe the upside print would do the most damage to everyone (ever bear for sure!), as also surprise everyone.
I remember an old friend posting that he was told that TPTB plan to “game” the massive Head and Shoulders pattern… which means a rally instead of a sell off. This could be a last ditch effort by the gangsters to rally the market to new highs, before they crash it down to new lows in 2011.
Think politics for a moment, and you can put two and two together. A rally now would help the Democrats get re-elected again, and that’s what the Obama team wants. After the election for the senate and house seats, then next election won’t be until November of 2012. That gives them almost 2 years to rob the sheep with another crash, and then a rally into late 2012 for the presidential election.
The gangsters would make Billions on the sell off, and be able to buy up company assets for pennies on the dollar when the market takes out the 666 spx, March 2009 low. It’s all planned months and years in advance.
Let’s also not forget that they plan on increasing the price of gasoline to about $4.00 a gallon in November, per the Bilderburg meeting that was held a few months ago. Now, that doesn’t guarantee that the stock market will rally, but usually if the cost of oil goes up (or stays the same, and the oil companies just increase the cost of gas) the overall market will go up as Exxon, BP, Mobil, Chevron, etc… increase in value.
Again, no guarantee on that, as the market could go down while the cost of gas goes up, but usually the market will go up with oil, as it means that the oil companies are making more profit. Just speculation here, but I’m just trying to put the pieces together and figure out the next big move.
“In an environment of very slow growth we’re likely to see more estimate cuts by corporations and/or analysts. If the economy slows more than expected we should expect to see further cost cuts and ultimately layoffs.” http://pragcap.com/earnings-performance-expected-to-normalize
hey red, I think this is how they’ll hit the 105.43 print, and it will probably be a buy point to launch into a rally that should peak in March 2011. I was hoping for the downside scenario but I’m not sure it’s time. This is explained through the NDX (not SPY) but you can see how a multi-week pullback from here can hit 105.43 on the SPY.
Not scientific, and correlation is not necessarily causation but…
http://www.ezimages.net/upload/5MIN/CorrelationOf.gif
Once QE2 officially hits, I’m probably going bullish. Since we’re only in QE1.5 or QE-Lite, I’m not sure this changes the game.. yet.
Arrggh… stupid desktop is still freezing on me! I’ve be working on it for a week now, and I’ve moved everything over to a new motherboard, power supply, case, etc… But it’s still freezing?
I was trying to do a video update, but it froze in the middle of the recording again. Sorry gang. I might have too try and do it with my laptop until I can figure out this problem. I think I have some bad RAM, as the problem is intermittent.
I build my own computers for a hobby, so it’s not “operator” error… it’s something for real, and I think it’s my ram? I’ll keep working on it, but in the meantime my posts might have too be done from the laptop. Not that I can’t use it to type the text for the posts, but I use the desktop for the video recording.
Anyway, just have patience with me. It doesn’t look like I’ve missed anything anyway, as the market is still chopping around. I am expecting some selling next week though, as it’s an opx week… which is usually bullish, but I think it’s going to do the opposite and sell off into next Friday.
We still have that 105.39 spy FP from a week ago, and I think it will be hit next week. After that though, I’m not sure? Being that the election is coming up in November, I’m leaning toward a rally happening instead of a sell off.
We still have the DIA 118.16 FP on the upside, and the Dow 8300 print on the downside… so which one do we hit first? I just don’t know at this point, but I do believe the upside print would do the most damage to everyone (ever bear for sure!), as also surprise everyone.
I remember an old friend posting that he was told that TPTB plan to “game” the massive Head and Shoulders pattern… which means a rally instead of a sell off. This could be a last ditch effort by the gangsters to rally the market to new highs, before they crash it down to new lows in 2011.
Think politics for a moment, and you can put two and two together. A rally now would help the Democrats get re-elected again, and that’s what the Obama team wants. After the election for the senate and house seats, then next election won’t be until November of 2012. That gives them almost 2 years to rob the sheep with another crash, and then a rally into late 2012 for the presidential election.
The gangsters would make Billions on the sell off, and be able to buy up company assets for pennies on the dollar when the market takes out the 666 spx, March 2009 low. It’s all planned months and years in advance.
Let’s also not forget that they plan on increasing the price of gasoline to about $4.00 a gallon in November, per the Bilderburg meeting that was held a few months ago. Now, that doesn’t guarantee that the stock market will rally, but usually if the cost of oil goes up (or stays the same, and the oil companies just increase the cost of gas) the overall market will go up as Exxon, BP, Mobil, Chevron, etc… increase in value.
Again, no guarantee on that, as the market could go down while the cost of gas goes up, but usually the market will go up with oil, as it means that the oil companies are making more profit. Just speculation here, but I’m just trying to put the pieces together and figure out the next big move.
Your input is welcome….
Triangle of Dow Jones: CLICK HERE
“In an environment of very slow growth we’re likely to see more estimate cuts by corporations and/or analysts. If the economy slows more than expected we should expect to see further cost cuts and ultimately layoffs.”
http://pragcap.com/earnings-performance-expected-to-normalize
How do you do that?
hey red, I think this is how they’ll hit the 105.43 print, and it will probably be a buy point to launch into a rally that should peak in March 2011. I was hoping for the downside scenario but I’m not sure it’s time. This is explained through the NDX (not SPY) but you can see how a multi-week pullback from here can hit 105.43 on the SPY.
http://stockcharts.com/h-sc/ui?s=$NDX&p=W&yr=3&mn=6&dy=10&id=p79231127311&a=205689213
http://screencast.com/t/ZTViMWI2YmEt
Can i post personal charts from Stock charts here?
Dow Jones futures before opening bell: LINK HERE
This is becoming a trend as 2H10 v-shape recovery is going into the toilet.