While it's still possible that we go down to the 107 FP next week, it's looking more and more like we are going up to DIA 118.16 first. Pretty crappy if that happens…
We are getting overbought right now on the 5 & 15 minute charts, but the 60 turned back up. I suspect they will close it back inside the rising wedge, and leave us all guessing about Monday.
Well, everything is still holding within the wedge. But too much is convergeing here to make me believe this rally will continue. There are 3 or 4 fractal similarities to different tops right here. Today is a key date for several reasons and we are in the heart of a crash zone per Crawford or Bam Investor plus the multitude of weekly cycles. I think we also get a stealth weekly reversal at the close. I bought inverse ETS an hour or so ago as well as some TLT and VXX (I like be on the side of the insiders) and for the first time some basic materials inverse ETFS so I need the Euro to reverse here but it also put in a topping fractal similar to the Sept 2008collapse to March 2009 low and subsequent rally to April 2010 from its late April high to June low and rally to here. Plus all the shills are calling for a rally into late August which means the opposite should happen. They also painted the tape yesterday rallying the Dow into its high at the close while Russell was making a new intraday low setting up all. the longs. I have a high confidence that the high is in for this rally and I have explained most of the reasons here recently.
Duh… it played out today! My brain isn't focused today. Thanks for the reminder.
Thanks Dreadwin,
I forgot about that one… Maybe it will play out next week?
Remember this fake print I posted?
http://www.screencast.com/users/dreadwin/folder…
It got hit today.
While it's still possible that we go down to the 107 FP next week, it's looking more and more like we are going up to DIA 118.16 first. Pretty crappy if that happens…
What a joke??
Looks like the bulls won today gang. Don't know about next week, but until that rising support line breaks, the bears are going hungry.
http://www.hotoptionbabe.com/annas-critters.html
We are getting overbought right now on the 5 & 15 minute charts, but the 60 turned back up. I suspect they will close it back inside the rising wedge, and leave us all guessing about Monday.
Wait a minute are you referring to the spx bounce as overbought and therefor expecting a sell off into the eod??
Well, everything is still holding within the wedge. But too much is convergeing here to make me believe this rally will continue. There are 3 or 4 fractal similarities to different tops right here. Today is a key date for several reasons and we are in the heart of a crash zone per Crawford or Bam Investor plus the multitude of weekly cycles. I think we also get a stealth weekly reversal at the close.
I bought inverse ETS an hour or so ago as well as some TLT and VXX (I like be on the side of the insiders) and for the first time some basic materials inverse ETFS so I need the Euro to reverse here but it also put in a topping fractal similar to the Sept 2008collapse to March 2009 low and subsequent rally to April 2010 from its late April high to June low and rally to here.
Plus all the shills are calling for a rally into late August which means the opposite should happen.
They also painted the tape yesterday rallying the Dow into its high at the close while Russell was making a new intraday low setting up all.
the longs. I have a high confidence that the high is in for this rally and I have explained most of the reasons here recently.