I have an intermediate level strenth trading day cycle that came due on Friday. It has basically hit every intermediate turn going back to the March 2009 lows (except Jan 2010) and appeared at the 4day trading range box on May 3 (similar to the one from last week). Friday was also 87 (1987?) trading days from the April 26 high. It was also 66 trading days from the May 25 bottom. Monday is 67 trading days from that May bottom (67 tds being an active cycle). Sept 3 has many angles indicating it will be a low, including it being Cobra's/Peter Pans jobless claims pivot day. I think Sept 2 would be the big down day. It has interesting numerology (9-2-10). Crude Oil and Euro are also off their highs during after hours. Euro has the 10,20,50 averages converging right around this price area. Of course, Sept 3 could be a temporary important low as I see some more action in later Septermber. One also might look at 87 tds from May 6 as a key cycle date.
Here is a special treat for you. I haven't updated this chart since january, note that the data is already a bit old, June 30. Seems like just lately that alot more money has flowed to bonds.
Short and sweet: BONDS ARE A TRAP!
All the HBB financial adviser bullshit about portfolio re balancing, shifting your bond/equity asset allocation, etc, it just that, a bunch of bull. Bonds are a promise to pay, a paper asset.
Read this chart carefully, it's a real winner. Especially if you are holding a bunch of bonds and feeling safe.
Check out this link to an interesting 40 page review of “Retirement Assets”. I think this is important because it represents 35% of all wealth. And that means it's a big target, and HBB want's it. They don't want just to control it, they want IT. I expect this to be the next big battlefield. Financial ogliarchs will craft up legislation that gives them more access to your retirement savings. Here are some ideas—they force a percent of your retirement account into safe bonds “for your own good” further blowing up the bond bubble….they sell off at the top on their own bonds and leave you hanging on to a pile of shit. Or T-bills “Support America” law…works the same as bonds, they use your money to feed a bubble, they sell off at the top, short it in fact, and leave you with a pile of shit. See how that works?
Gets me nervous when I am in tune with this fractured blimpy market. Just because I am paranoid, does not mean that HBB is not out to get my money.
Joking aside, the main currencies that I am following, the British Pound, aka Cable, and the Euro are sneaking upward, dragging SPX with them. In reality they kind of drag each other, sometimes SPX (or /ES futures) leads. When they diverge greatly, something big is up.
Europe open tonight should be instructive. In keeping with the market maneuvers since the “Great Recession” started, continue to expect significant moves in the market on the weekends, holidays, or nighttime trading. Those are the same times the Black Swan will show up.
Another correction. I should have written: it is a virtual certainty that the 20 week crossing 50 week averge will not be reversed. There have only been 7 crosses since 1994 and only one fakeout in 2004 when a sideways 20 week crossed below a rising 50 week and they briefly hugged each other before the 20 week rose again. This must be the part where following MAs is meaningless. I like this anti-intellectual approach to stock investing.
UNG, those guys got to be some really bad hedge traders. The way they trade, they are going to bankrupt UNG itself. SEC needs to stop by that place—-oh wait, as long as there is major wrong doing going on, the SEC doesn't stop by your place.
Retested broken trendline on SPX. A (c) wave extension would run approx 100 points, putting 925-950 in the target area for wave (e).
http://www.screencast.com/users/texana44/folder…
S&P 500 Hourly trading range
GS has a sick looking chart. It looks like its in a preflash crash meltdown.
I have an intermediate level strenth trading day cycle that came due on Friday. It has basically hit every intermediate turn going back to the March 2009 lows (except Jan 2010) and appeared at the 4day trading range box on May 3 (similar to the one from last week). Friday was also 87 (1987?) trading days from the April 26 high. It was also 66 trading days from the May 25 bottom. Monday is 67 trading days from that May bottom (67 tds being an active cycle). Sept 3 has many angles indicating it will be a low, including it being Cobra's/Peter Pans jobless claims pivot day. I think Sept 2 would be the big down day. It has interesting numerology (9-2-10). Crude Oil and Euro are also off their highs during after hours. Euro has the 10,20,50 averages converging right around this price area. Of course, Sept 3 could be a temporary important low as I see some more action in later Septermber. One also might look at 87 tds from May 6 as a key cycle date.
Mutual Fund Money Flows – A Special Treat
Making charts from raw data, how old fashioned!
Charts on the third post down from the top, please stop by and comment
http://oahutrading.blogspot.com/
Here is a special treat for you. I haven't updated this chart since january, note that the data is already a bit old, June 30. Seems like just lately that alot more money has flowed to bonds.
Short and sweet: BONDS ARE A TRAP!
All the HBB financial adviser bullshit about portfolio re balancing, shifting your bond/equity asset allocation, etc, it just that, a bunch of bull. Bonds are a promise to pay, a paper asset.
Read this chart carefully, it's a real winner. Especially if you are holding a bunch of bonds and feeling safe.
Check out this link to an interesting 40 page review of “Retirement Assets”. I think this is important because it represents 35% of all wealth. And that means it's a big target, and HBB want's it. They don't want just to control it, they want IT. I expect this to be the next big battlefield. Financial ogliarchs will craft up legislation that gives them more access to your retirement savings. Here are some ideas—they force a percent of your retirement account into safe bonds “for your own good” further blowing up the bond bubble….they sell off at the top on their own bonds and leave you hanging on to a pile of shit. Or T-bills “Support America” law…works the same as bonds, they use your money to feed a bubble, they sell off at the top, short it in fact, and leave you with a pile of shit. See how that works?
http://www.ici.org/pdf/fm-v19n3.pdf
Charts below are from the ICI report
Here for charts, it's the third post down from top
http://oahutrading.blogspot.com/
Gets me nervous when I am in tune with this fractured blimpy market. Just because I am paranoid, does not mean that HBB is not out to get my money.
Joking aside, the main currencies that I am following, the British Pound, aka Cable, and the Euro are sneaking upward, dragging SPX with them. In reality they kind of drag each other, sometimes SPX (or /ES futures) leads. When they diverge greatly, something big is up.
Europe open tonight should be instructive. In keeping with the market maneuvers since the “Great Recession” started, continue to expect significant moves in the market on the weekends, holidays, or nighttime trading. Those are the same times the Black Swan will show up.
We all can use a good spotter at times.
http://oahutrading.blogspot.com/
Weekend update in now up…
Another correction. I should have written: it is a virtual certainty that the 20 week crossing 50 week averge will not be reversed. There have only been 7 crosses since 1994 and only one fakeout in 2004 when a sideways 20 week crossed below a rising 50 week and they briefly hugged each other before the 20 week rose again. This must be the part where following MAs is meaningless. I like this anti-intellectual approach to stock investing.
UNG, those guys got to be some really bad hedge traders. The way they trade, they are going to bankrupt UNG itself. SEC needs to stop by that place—-oh wait, as long as there is major wrong doing going on, the SEC doesn't stop by your place.
Maybe my silver futures comparison indicator just got seriously messed up after the latest TOS update.