Red, Seeing that FP of 349 on VIX brought a question to mind. In your opinion, how many FP never work out? What is the percentage of ones that materialize versus not? I know you have the DOW 8300 FP and the 11800 one out there. Do the TPTB change their mind and say “okay, the situation has changed and the 11800 print is no longer valid”? Just thinking of various scenerios like we get to the 8300 and then they introduce QE2 of multi-trillion and then the market jumps to 11800? Basically wondering when we can forget about 11800?
Red my take is for the very near future(1 – 2 days), don't know that we'll get to the area of that false print in your chart, my crystal ball isn't that good, I actually lean bullish a little farther out but I'll let the market tell me rather than the other way around
I know… I listened to the audio from them. Those guys must be pissing off the operators, as they've tried to shut them down several times now. Thank goodness I'm not a popular as there are, or they'd be trying to shut me down too.
I must not get enough traffic to cause a big stir inside the group. That's fine with me, as I'm not trying to promote the site. I have nothing to sell, and no ad's on the site to try and make money from… so I don't do any advertising.
I still have operators (trolls) posing as people on the site, who post from time to time. I know who they are, and I talk to them anyway.
They are just normal people doing the job they were hired to do… which is spy on blogsphere to see what they've discovered. I'm not the only site they are on.
It's just there job to go post on different sites and cause confusion. All part of the game. We all live in a matrix, and everyone has a role.
Mine is to expose the truth, and theirs is to suppress it. It's be going on for all eternity, the good guys versus the bad guys. I'm one of the good guys of course.
IBM is down 4+pts in AH. Apple,Gs,Intel all down also. IBM drop is going to put a big hit on the DOW. Unless GS can save the day pre-market tomorrow but GS just had a huge rally on the so-called good news of its settlement with the SEC.
BAM Investor has been under hacker attack by some members of the “Apple Cult” according to them.
But, tomorrow could push up a little more… maybe to reach that 1080-1085 area for a backtest of the downward sloping trendline. Or, we could just start selling off without touching it? But either way, the trend is now down.
Hey Red – the action today was impulsive going down (this AM and again at end of day and after hours) and choppy and corrective going up- looks like near term the trend is down IMHO
And they're OFF! BUT WAIT! The horses are running BACKWARDS today! O Noes!
I guess it all depends on the support levels going down Al… if too many are broken, there won't be anything left to be bullish about.
Red, Seeing that FP of 349 on VIX brought a question to mind. In your opinion, how many FP never work out? What is the percentage of ones that materialize versus not? I know you have the DOW 8300 FP and the 11800 one out there. Do the TPTB change their mind and say “okay, the situation has changed and the 11800 print is no longer valid”? Just thinking of various scenerios like we get to the 8300 and then they introduce QE2 of multi-trillion and then the market jumps to 11800? Basically wondering when we can forget about 11800?
From Dr. Bubb, very consistent with your thinking. http://www.greenenergyinvestors.com/index.php?s…
Red my take is for the very near future(1 – 2 days), don't know that we'll get to the area of that false print in your chart, my crystal ball isn't that good, I actually lean bullish a little farther out but I'll let the market tell me rather than the other way around
I know… I listened to the audio from them. Those guys must be pissing off the operators, as they've tried to shut them down several times now. Thank goodness I'm not a popular as there are, or they'd be trying to shut me down too.
I must not get enough traffic to cause a big stir inside the group. That's fine with me, as I'm not trying to promote the site. I have nothing to sell, and no ad's on the site to try and make money from… so I don't do any advertising.
I still have operators (trolls) posing as people on the site, who post from time to time. I know who they are, and I talk to them anyway.
They are just normal people doing the job they were hired to do… which is spy on blogsphere to see what they've discovered. I'm not the only site they are on.
It's just there job to go post on different sites and cause confusion. All part of the game. We all live in a matrix, and everyone has a role.
Mine is to expose the truth, and theirs is to suppress it. It's be going on for all eternity, the good guys versus the bad guys. I'm one of the good guys of course.
🙂
IBM is down 4+pts in AH. Apple,Gs,Intel all down also. IBM drop is going to put a big hit on the DOW. Unless GS can save the day pre-market tomorrow but GS just had a huge rally on the so-called good news of its settlement with the SEC.
BAM Investor has been under hacker attack by some members of the “Apple Cult” according to them.
According to this audio (by BAM Investors), the VIX reached 172.79 in the Oct. 1987 crash…
http://thewallstreetshuffle.com/podcasts/070910…
Let's not forget about the FP of 349.72 on VIX that one of faithful followers posted (thanks for that)…
http://reddragonleo.com/wp-content/uploads/2010…
If we are lucky enough to see 1080-1085 tomorrow, that will be the shorting opportunity of a lifetime… IMHO.
I agree with you 100% Al…
I think were are going down to this target before we have a serious rally…
http://reddragonleo.com/wp-content/uploads/2010…
But, tomorrow could push up a little more… maybe to reach that 1080-1085 area for a backtest of the downward sloping trendline. Or, we could just start selling off without touching it? But either way, the trend is now down.
Hey Red – the action today was impulsive going down (this AM and again at end of day and after hours) and choppy and corrective going up- looks like near term the trend is down IMHO