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Yes… it's rally time. Let's see how far this thing can go? I'd say 1080 should be reached, but I'm not sure if we go to the FP of 111.17 spy (about 1100 spx) or not? Maybe? But, I think they are limited on the time factor as the Non-Farm Payroll is this Friday and I really doubt that it's going to rally the market that much higher. There is just too much overhead resistance I believe, but we'll see…
I don't understand this after-hours activity. I keep reviewing the charts and they are all horrible looking especially when one looks at individual charts like Apple,GS,MMM, Msft etc. The Nasdaq looks like its in the midst of continuing its downtrend. Oil dropped $3 today, the euro was battered by the resistance of its moving averages just overhead. None of the indices did a bull flip when it was easy to do so and tomorrow it will be really easy so its do or die; big time plummet or bigtime rally. The US has its own major manufacturing report tomorrow morning so I would expect this rally to subside as it moves into the report unless another better than expected result has already been baked into the cake. There are also several other reports. I have never seen a bottom formed with a pattern like the last several days although I see the bulls probably see a mini inverted H and S while it could also be considered a triple bottom. I also see a lot of emboldened bulls on all of the blogs. ZeroHedge also has an explanation for the late day/ after hours activity; a prop job to prevent a monthly close of -5%. Australian dollar is up big on the Chinese PMI report and this is helping ramp up the commodity names. FXA had a reversal bar yesterday so this is about the only bullish looking excuse for a rally tomorrow but it can also be viewed as a continuation doji pattern..
I just saw the video with the sound on for the first time. So much imagery in that video. One would need to view it 100 times plus to catch all the subliminal images. I noticed the inverted (Star Trek) V embedded in on one of the band members bodies, the anarchy sign, and the Vs that show up in all the movies these days, like V for Vendetta or Watchmen. Also the camera shakes at the end in a shot of Mike in the car and the imploding buildings which is right out of Fight Club another movie notorious for its subliminal images and advocacy of anarchy. There is a scene with a word written backwards which I need to key on plus a multitude of other images including all the flashing lights/sunbursts??.
The “Catalyst” that will cause the crash to happen, could be the US defaulting on their international debt, as told by Benjamin Fulford. He has them announcing it before September the 31st, so it could be anytime now… how about the 12th? Sounds good too me.
The first two times I got into my car after writing this the same Linkin Park song was playing (an older one)……In the official video, the lead singer Mike,with his face obscured, reminds me of the hooded gnome serial killer from the 1974 movie Don't Look Now, another creepy movie about premonition and precognition, where Donald Sutherland foresees his own death…….Of course, the song “The Catalyst” could be the trigger or catalyst for a major meltdown or it could trigger some reaction from “programmed” ones when it world premieres on Sept 12 or it might mean nothing. Just some fun speculation. There is nothing about a catalyst in the song.
I have spx 930 in November, and no track record. Trying something different that says 1039.7 was an important low, even obvious, after the fact. If its breached before 1135, i give up.
So far, so good. All of Asia is green. Australia is up by 1.8%. Might be a preview of what we've got coming tomorrow. Still, there's lots of PMI numbers coming from Europe overnight. Anything can happen.
No profit taking. Amazing.
Hi. This is the qmail-send program at rediffmail.com.
I’m afraid I wasn’t able to deliver your message to the following addresses.
This is a permanent error; I’ve given up. Sorry it didn’t work out.
– Sorry, no mailbox here by that name. (#5.1.1)Z
— Enclosed is a copy of the message.
Yes… it's rally time. Let's see how far this thing can go? I'd say 1080 should be reached, but I'm not sure if we go to the FP of 111.17 spy (about 1100 spx) or not? Maybe? But, I think they are limited on the time factor as the Non-Farm Payroll is this Friday and I really doubt that it's going to rally the market that much higher. There is just too much overhead resistance I believe, but we'll see…
Rally Time………….
I don't understand this after-hours activity. I keep reviewing the charts and they are all horrible looking especially when one looks at individual charts like Apple,GS,MMM, Msft etc. The Nasdaq looks like its in the midst of continuing its downtrend. Oil dropped $3 today, the euro was battered by the resistance of its moving averages just overhead. None of the indices did a bull flip when it was easy to do so and tomorrow it will be really easy so its do or die; big time plummet or bigtime rally.
The US has its own major manufacturing report tomorrow morning so I would expect this rally to subside as it moves into the report unless another better than expected result has already been baked into the cake. There are also several other reports. I have never seen a bottom formed with a pattern like the last several days although I see the bulls probably see a mini inverted H and S while it could also be considered a triple bottom.
I also see a lot of emboldened bulls on all of the blogs.
ZeroHedge also has an explanation for the late day/ after hours activity; a prop job to prevent a monthly close of -5%.
Australian dollar is up big on the Chinese PMI report and this is helping ramp up the commodity names. FXA had a reversal bar yesterday so this is about the only bullish looking excuse for a rally tomorrow but it can also be viewed as a continuation doji pattern..
I just saw the video with the sound on for the first time. So much imagery in that video. One would need to view it 100 times plus to catch all the subliminal images. I noticed the inverted (Star Trek) V embedded in on one of the band members bodies, the anarchy sign, and the Vs that show up in all the movies these days, like V for Vendetta or Watchmen. Also the camera shakes at the end in a shot of Mike in the car and the imploding buildings which is right out of Fight Club another movie notorious for its subliminal images and advocacy of anarchy. There is a scene with a word written backwards which I need to key on plus a multitude of other images including all the flashing lights/sunbursts??.
The “Catalyst” that will cause the crash to happen, could be the US defaulting on their international debt, as told by Benjamin Fulford. He has them announcing it before September the 31st, so it could be anytime now… how about the 12th? Sounds good too me.
The first two times I got into my car after writing this the same Linkin Park song was playing (an older one)……In the official video, the lead singer Mike,with his face obscured, reminds me of the hooded gnome serial killer from the 1974 movie Don't Look Now, another creepy movie about premonition and precognition, where Donald Sutherland foresees his own death…….Of course, the song “The Catalyst” could be the trigger or catalyst for a major meltdown or it could trigger some reaction from “programmed” ones when it world premieres on Sept 12 or it might mean nothing. Just some fun speculation. There is nothing about a catalyst in the song.
I have spx 930 in November, and no track record. Trying something different that says 1039.7 was an important low, even obvious, after the fact. If its breached before 1135, i give up.
So far, so good. All of Asia is green. Australia is up by 1.8%. Might be a preview of what we've got coming tomorrow. Still, there's lots of PMI numbers coming from Europe overnight. Anything can happen.