The meeting is where all the gangster go to cash their checks from all the profit they made manipulating the market higher. They sell out of their longs, and get short.
The funnel the money out of the USA and into secret bank accounts. Once everyone has moved their money, they then release some bad news to the “controlled” media, and everyone panics.
The market sells off hard, and a month or so later, they come back in and buy it up again at really cheap prices. Every time after one of these meetings, the market trend changes. The last meeting was February the 4th-6th of this year.
The market bottomed on the 5th, and rallied for the next 3 months after that. That time the trend was to reverse from a low, but this time I expect the market to peak going into the meeting.
Of course it could sell off from now until then… which would mean another bottom going into the meeting. But, I don't think that is the case this time. The market was trending up back in February, so a sell off could easily be bought back up and rallied higher.
This time the market is trending down (on the monthly chart), so it won't be that easy to turn this ship around… once it accelerates in it's trending direction.
So, the only choice is to hold it up until the meeting starting, and then let it sink. Once Dow 8300 is hit, they will buy it up and wave 2 rally will start. But I don't think it will get even close to today's high again.
So for now, I wait for the meeting to get closer to see where it goes too. However, in the meantime, I do expect a move down to the 1070 area this week.
Not sure I understand your question rk318… “how much time”? Do you mean “when is the sell off”? Like I said in the video, I expect it to start just before or during the Legatus meeting next month.
Some one has spotted a fake print on $VIX, 21.36. That's about 5% lower than we are right now. Just a heads up.
Ascending Triangle of S&P 500
http://niftychartsandpatterns.blogspot.com/2010…
Well, we kinda of knew they would take it higher. They have too take out the overhead stops.
Red,
the market is not waiting only bears are and we are losing not being long.
i admit i am afraid to go long but my small short positions are all losers.
Looks like we are all wait until the Fed meeting tomorrow.
I did read them. they are interesting.
Jim,
You should read those 3 links Pzy5t0 posted at the bottom of this thread. Very interesting.
Vixes are up slightly positive this am so some are selling into this am open.
it will be interesting to see how long it lasts.
zentrader,
The meeting is where all the gangster go to cash their checks from all the profit they made manipulating the market higher. They sell out of their longs, and get short.
The funnel the money out of the USA and into secret bank accounts. Once everyone has moved their money, they then release some bad news to the “controlled” media, and everyone panics.
The market sells off hard, and a month or so later, they come back in and buy it up again at really cheap prices. Every time after one of these meetings, the market trend changes. The last meeting was February the 4th-6th of this year.
The market bottomed on the 5th, and rallied for the next 3 months after that. That time the trend was to reverse from a low, but this time I expect the market to peak going into the meeting.
Of course it could sell off from now until then… which would mean another bottom going into the meeting. But, I don't think that is the case this time. The market was trending up back in February, so a sell off could easily be bought back up and rallied higher.
This time the market is trending down (on the monthly chart), so it won't be that easy to turn this ship around… once it accelerates in it's trending direction.
So, the only choice is to hold it up until the meeting starting, and then let it sink. Once Dow 8300 is hit, they will buy it up and wave 2 rally will start. But I don't think it will get even close to today's high again.
So for now, I wait for the meeting to get closer to see where it goes too. However, in the meantime, I do expect a move down to the 1070 area this week.
Not sure I understand your question rk318… “how much time”? Do you mean “when is the sell off”? Like I said in the video, I expect it to start just before or during the Legatus meeting next month.