Once this market starts heading south toward 8300, I can't really see it ever making it back up to 118.16 anytime soon. Once 8300 is hit, a large wave 2 back up should happen, but it's not likely to break the current high.
After that, then another wave down should happen… taking out the March, 2009 lows. The final 5th wave down might not happen until late 2011 or 2012 (maybe longer?), and should put in the final low of 20.16 spy… but I hope I'm wrong on that one.
If the market goes down that low, you won't want to live in America anymore…
LOL… yes Will, “they” have been manipulating “us” for eon's now. The mass media is controlled by them… so it's easy to program us to believe whatever they want to tell us.
We live in the matrix and they control it. Most people are unaware of them as they took the blue pill, but many people are now waking up after losing (err… planned elimination) their job's, house, car's etc…
The masses of people are finally rising up and “this” is what 2012 is really all about… a “change” in where the old ways (bankster's robbing everyone, controlled caustic, planned wars for population control, etc…) are going to be gone, and a new age of wonderful free energy technologies and freedom to the people will arise.
It may take a civil war in America for it to happen, as the banksters/gangsters won't give up easily… but a change for the betterment of mankind is coming.
My quest. Is, will market make its final bottom around 8300? or u think, after some time situation of market getting so worst that they would not be able to manipulate it any more & market will touch to ur ultimate bottom expectation i.e spy 20 something?
Let me rephrase that Jim… the 60 minute is only over bought on the histogram bars. The Stoc's and MACD's are oversold. When the histogram bars go down below zero and re-cycle back up they will have the power to rally higher.
They need to be all aligned together on the 60, and the daily to get a good push up. I suspect it will happen tomorrow. Here's a link to the 60 minute chart. Notice that the histogram bars are still above zero, but the MACD's and Stoc's are oversold.
The 60 minute chart is overbought and needs to go down today into oversold territory so it can align up with the daily being oversold… which would allow them both to rally up together on Tuesday. They are fighting each other right now Jim, but should align together pointing up by tomorrow.
I'm not sure I understand your question? They “do” control the market and will make money from the move down to 8300 and the move up to 118.16… whenever each of them happen?
Once this market starts heading south toward 8300, I can't really see it ever making it back up to 118.16 anytime soon. Once 8300 is hit, a large wave 2 back up should happen, but it's not likely to break the current high.
After that, then another wave down should happen… taking out the March, 2009 lows. The final 5th wave down might not happen until late 2011 or 2012 (maybe longer?), and should put in the final low of 20.16 spy… but I hope I'm wrong on that one.
If the market goes down that low, you won't want to live in America anymore…
LOL… yes Will, “they” have been manipulating “us” for eon's now. The mass media is controlled by them… so it's easy to program us to believe whatever they want to tell us.
We live in the matrix and they control it. Most people are unaware of them as they took the blue pill, but many people are now waking up after losing (err… planned elimination) their job's, house, car's etc…
The masses of people are finally rising up and “this” is what 2012 is really all about… a “change” in where the old ways (bankster's robbing everyone, controlled caustic, planned wars for population control, etc…) are going to be gone, and a new age of wonderful free energy technologies and freedom to the people will arise.
It may take a civil war in America for it to happen, as the banksters/gangsters won't give up easily… but a change for the betterment of mankind is coming.
Maybe “they” are really “us” trading emotionally. I am sure we both would agree that “they” know how to use “us” against ourselves.
My quest. Is, will market make its final bottom around 8300? or u think, after some time situation of market getting so worst that they would not be able to manipulate it any more & market will touch to ur ultimate bottom expectation i.e spy 20 something?
http://reddragonleo.com/wp-content/uploads/2010…
Hi Red, can you provide a link to the 8300 print? Don't have that one handy.
Thanks
Let me rephrase that Jim… the 60 minute is only over bought on the histogram bars. The Stoc's and MACD's are oversold. When the histogram bars go down below zero and re-cycle back up they will have the power to rally higher.
They need to be all aligned together on the 60, and the daily to get a good push up. I suspect it will happen tomorrow. Here's a link to the 60 minute chart. Notice that the histogram bars are still above zero, but the MACD's and Stoc's are oversold.
http://stockcharts.com/def/servlet/Favorites.CS…
I am sorry red i do not see the overbought on 60. What inicators are you seeing as overbought?
The 60 minute chart is overbought and needs to go down today into oversold territory so it can align up with the daily being oversold… which would allow them both to rally up together on Tuesday. They are fighting each other right now Jim, but should align together pointing up by tomorrow.
I'm not sure I understand your question? They “do” control the market and will make money from the move down to 8300 and the move up to 118.16… whenever each of them happen?