They did their usual thing. Hold the markets up until Wednesday so the AAII crowd gets bullish and then drop it. I can’t believe some of the sentiment I am seeing. I am seeing people bullish who I have never seen bullish before. The All Star Timing guy is saying there won’t be a crash this fall and is saying Gold is in wave 3of 3 while Hulbert is indicating gold timers are excessively bullish. Looking at the weekly gold chart, it looks like a steady weak terminal rally. Plus, there is a 40-41week high high gold cycle and this is week 40 from the last week (admittedly I haven’t been following gold too closely)
And then there is that Vulcan video below where the guy is talking about the upcoming bear extinction. I think this AAII poll is understating current bullishness. And Nenner was talking about Dow 5000 in a few years; apparently he is calling for a rally despite his predictions of an August high in April.
AAII latest survery: 43% bulls 31%bears. Quite a turnaround from last week and two weeks ago when only 20% bulls were recorded. Of course that happens when the Hindenburg Omen is discussed endlessly everywhere and Charles Nenner makes the TV rounds touting Dow 5000. (after G-S books his appearances on CNBC and Bloomberg)
I’m waste deep in Gold Bull blood–I slaughtered so many of them today. I found another short sell CMG, I can see the exit 158, clear as day…”I can see for miles and miles” here’s the chart, maybe you can see the 158 exit as clearly as I see it…or maybe you need 10 more years experience. http://zstock7.com/?p=3254
Another trading range topping box, which was seen at late April highs/Jan highs, has formed the last few days. Nothing really happened today. Could be all indices putting in wave 2s (stocks,euro,oil,$vix). I guess we need to wait till later when the foreign markets open to see how these indices trade. Cramer Code could imply a top here also. This is the key Cramer Code number:
04:18:04 The first four occurs in front of the other numbers and is meaningless (by my guess) with the other numbers. But if one combines it with the other four, 09-08 is one of the possibities as well as 08-09 which was the August high and even 08-18 (which was the secondary high off the August 9 decline. Interesting so many different but useful dates are embedded in that number. Now to think of it, 09-08 is 30 days from the August high and 90 degrees from the June 8 low. Tomorrow is 87(ie 1987) tds from May 6 flash crash. Could we have a crash window opening (87 to 92 (911) tds from 05-06-10?
They did their usual thing. Hold the markets up until Wednesday so the AAII crowd gets bullish and then drop it. I can’t believe some of the sentiment I am seeing. I am seeing people bullish who I have never seen bullish before. The All Star Timing guy is saying there won’t be a crash this fall and is saying Gold is in wave 3of 3 while Hulbert is indicating gold timers are excessively bullish. Looking at the weekly gold chart, it looks like a steady weak terminal rally. Plus, there is a 40-41week high high gold cycle and this is week 40 from the last week (admittedly I haven’t been following gold too closely)
And then there is that Vulcan video below where the guy is talking about the upcoming bear extinction. I think this AAII poll is understating current bullishness. And Nenner was talking about Dow 5000 in a few years; apparently he is calling for a rally despite his predictions of an August high in April.
AAII latest survery: 43% bulls 31%bears. Quite a turnaround from last week and two weeks ago when only 20% bulls were recorded. Of course that happens when the Hindenburg Omen is discussed endlessly everywhere and Charles Nenner makes the TV rounds touting Dow 5000. (after G-S books his appearances on CNBC and Bloomberg)
I’m waste deep in Gold Bull blood–I slaughtered so many of them today. I found another short sell
CMG, I can see the exit 158, clear as day…”I can see for miles and miles”
here’s the chart, maybe you can see the 158 exit as clearly as I see it…or maybe you need 10 more years experience.
http://zstock7.com/?p=3254
Maybe so Diablo’s… maybe so?
I can say one thing I know for sure… “I don’t have a clue about the direction coming around the turn date period of the 12th”.
Last prediction, I promise, ST top to occur tomorrow in the last hour at 1108.50.
Not much has changed gang, but I did an update video just to let you know I’m still alive. Refresh page…
I shorted FFIV last time, and made a ton of money. My members made money too, because I had a pretty precise short entry figured out.
S&P 500 analysis after closing bell
Over at Reinhardts site, a good listen posted by Space Monkey! lol. ,
http://www.youtube.com/watch?v=x0GxzGSptK8
Another trading range topping box, which was seen at late April highs/Jan highs, has formed the last few days. Nothing really happened today. Could be all indices putting in wave 2s (stocks,euro,oil,$vix). I guess we need to wait till later when the foreign markets open to see how these indices trade. Cramer Code could imply a top here also. This is the key Cramer Code number:
04:18:04 The first four occurs in front of the other numbers and is meaningless (by my guess) with the other numbers. But if one combines it with the other four, 09-08 is one of the possibities as well as 08-09 which was the August high and even 08-18 (which was the secondary high off the August 9 decline. Interesting so many different but useful dates are embedded in that number. Now to think of it, 09-08 is 30 days from the August high and 90 degrees from the June 8 low. Tomorrow is 87(ie 1987) tds from May 6 flash crash. Could we have a crash window opening (87 to 92 (911) tds from 05-06-10?