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It truly is Summer’s End. Suddenly, a chill can be felt in the air. Almost overnight. I was going to go down to the beach but I am not so sure now. Ray Bradbury could call them. Tomorrow will be 470 (28) days from Ray Bradbury’s demise.
Get your popcorn out. Tomorrow should be explosive. Fed Day.
As you know gang “they” are masters at mis-direction, which tells me one thing… they plan to rally the market to new highs. Obama stating that he won’t negotiate to raise the debt ceiling and the planned leak that Bernanke will likely start to tap are both very negative news for the stock market.
They say that we should tank from that announcement as no more QE money means there’s nothing to keep the market up. This planned release is done to get bears short in front of that meeting I believe. In fact, I wouldn’t be surprised if they don’t drop nicely right after the meeting to lure in more bears.
Then they will rip it back up the rest of the week and into early October. You should all know by now that when “they” announce a lot of negative news they are trying to trap bears so they can go higher. When the news becomes very positive is when you want to be thinking about getting short. So I’m going to change my forecast from starting a C wave (with 1560 area in mind) after this Wednesday to a bear squeeze back up to new highs after a brief sell off just after the minutes are released (to lure in the bears).
The safe trade here is to NOT trade the FOMC day. It should be very wild “if” Bernanke does indeed announce that they will be “tapering” soon. The first reaction move is usually wrong and I believe it will be a nice down move. How low isn’t known but I wouldn’t be surprised if we don’t swing 20-30 SPX points that day.
are you a footballer,musica,student,bussness man,pastore,politician..join the illuminati today and get rich,power,famous…only interested persons are allow to contact us..email{illuminatimoney22@gmail.com.phone(+2348051095263).
How huge down? Are we talking 1560 or lower?
SPX Analysis after closing bell: http://niftychartsandpatterns.blogspot.in/2013/09/s-500-analysis-after-closing-bell_19.html
Selling Zone of Crude Oil: http://niftychartsandpatterns.blogspot.in/2013/09/selling-zone-of-crude-oil.html
Apple update: http://niftychartsandpatterns.blogspot.in/2013/09/apple-chart-analysis_18.html
It truly is Summer’s End. Suddenly, a chill can be felt in the air. Almost overnight. I was going to go down to the beach but I am not so sure now. Ray Bradbury could call them. Tomorrow will be 470 (28) days from Ray Bradbury’s demise.
Get your popcorn out. Tomorrow should be explosive. Fed Day.
Silver Crucial Support Zone: http://niftychartsandpatterns.blogspot.in/2013/09/silver-testing-crucial-support-zone.html
FACEBOOK Trend update: http://niftychartsandpatterns.blogspot.in/2013/09/facebook-trend-update.html
I guess today was SUMMERS’ END.
Ba da bing!!!! Ba da ding!!!! LMAO
More negative news for the market “Obama: I will not negotiate about raising the debt ceiling” http://www.cnbc.com/id/101031116
As you know gang “they” are masters at mis-direction, which tells me one thing… they plan to rally the market to new highs. Obama stating that he won’t negotiate to raise the debt ceiling and the planned leak that Bernanke will likely start to tap are both very negative news for the stock market.
They say that we should tank from that announcement as no more QE money means there’s nothing to keep the market up. This planned release is done to get bears short in front of that meeting I believe. In fact, I wouldn’t be surprised if they don’t drop nicely right after the meeting to lure in more bears.
Then they will rip it back up the rest of the week and into early October. You should all know by now that when “they” announce a lot of negative news they are trying to trap bears so they can go higher. When the news becomes very positive is when you want to be thinking about getting short. So I’m going to change my forecast from starting a C wave (with 1560 area in mind) after this Wednesday to a bear squeeze back up to new highs after a brief sell off just after the minutes are released (to lure in the bears).
The safe trade here is to NOT trade the FOMC day. It should be very wild “if” Bernanke does indeed announce that they will be “tapering” soon. The first reaction move is usually wrong and I believe it will be a nice down move. How low isn’t known but I wouldn’t be surprised if we don’t swing 20-30 SPX points that day.