Also, I still haven’t fixed my primary computer so I haven’t checked my email in over a week. I will take the time to tear it down and put in a new power supply and possibly another ssd drive to replace one of 4 of them in a RAID 10 array that “could” be bad?… later this week. Then I’ll do a new post this coming weekend as well. Ali should have another update by then too.
One other thing… I’ll have a new stock pick coming out later this week as well. It’s forecast-ed to move up next week and should be a fun one to go in and out of for at least a week. Lot’s of traders will then be talking about it on the various stock boards that post hot stock picks.
Naturally I’ll have that info out to you guys first as I have a way to sniff out these things before they make their move up. Several of you made donations and I appreciate that greatly. I will email you guys personally before I alert everyone else as a way of saying thanks. However, everyone else will still get the alert before you hear about it everywhere else.
Morning update: Since we failed to put in a lower low on Friday and have went up again yesterday on the futures, I know think we are going to gap window around 1652 spx or gap fill at 1658 area. But, I’m leaning toward gap window as I think gap fill will put us over the falling trendline of resistance.
That trendline starts just under the prior 1700 area high from mid-August connecting to the 1669 high the last week of August. It’s also the top trendline of a falling channel whereas the 1639 low connected to the 1627 low make the lower trendline.
Projecting forward to where the top trendline is today put it just about at the gap window area at 1652 spx. So unless the opening print gaps over that level clearly (a small gap is acceptable as it could easily fall back into the channel) I’m expecting the market rollover and head lower today and into Wednesday.
The “when” part is tough as if they do gap over the trendline they could chop it up most of the morning to fill the gap around 1658 and then rollover later today. It should be light volume today as traders are still on vacation, so that means they could walk it up there easier with no one around to sell.
I would not get bullish until 1669 is taken out and I don’t foresee that happening today. Therefore I think the gap window to gap fill area is the best place to short into Wednesday to look for a break of the prior low of 1627 at some point this week. The rally just isn’t ready to start yet in my opinion. Maybe next week?
The moon should be moving into a conjunction with Jupiter and Sirius at approximately 10 am east coast time on Saturday. A definite Jupiter moon conjunction and a theoretical one with Sirius although Sirius might have moved a degree from its classic location since 1776 when its alignment with the sun was aligned with the new nation’s founding.
The first part of Fahrenheit 451 could take place on 831 and obviously won’t be stock market related. 831is seen as 381 and 318 in the movie Fahrenheit 451, a variation of 93, and Julie Christie does ask MONtag why do they use the number 451 as opposed to 813 or 125.
Montag is German and means Monday. This does correlate with the Rammstein video Mein Land when scantily clad women can be seen running around with German flags as the Rammstein version of Fahrenheit 451 is taking place but I don’t really see anything happening this Monday although it would be an ideal time for the operators to create a stock market dislocation while the US markets are closed.
The market failed to breakout and gap over the resistance falling trendline this morning, so I’m leaning bearish here for today. But next week is usually the start of a bullish move as it’s a 3 day holiday weekend (Markets closed Monday for Labor Day)… which means the move down to 1575 spx seems unlikely now.
Basically I’m thinking that the low put in today (or possibly Tuesday morning?) will be the end of this move down from 1709 awhile back. If we break the current low of 1627 then I can count 5 waves from the top. Therefore we are likely in the 5th wave down which should complete the move.
However, considering it’s a Friday (and that it’s the Labor Day Weekend) I doubt if they will allow it to tank very hard today. If we only make a double bottom then I’d say the 5th wave down is complete… especially if they rally back up later today by the close and put in a bottoming tail candle on the daily chart.
If we don’t put in a lower low today to complete that 5th wave down then I’d say they will carry it into next week and we’ll see the completion of it Tuesday morning. From a traders mindset all even number levels are important to defend. Therefore 1600 will be guarded closely by the bulls.
The logical way to steal money from the traders is to either pierce through 1600 to scare the bulls out and trap the bears short or to come close to 1600 but not hit it so the bulls will be forced to chase it back up once the rally starts. So possibly they only hit 1610 or 1615 next Tuesday?
The main thing I want to point out here is that the low is near and the bulls are about to wake up soon. So if we see a lower low today then I’d expect a rally into the close to start move up that’s coming next week. If we don’t go down and at least put in a double bottom to make this 5th wave down just a truncated wave then it’s likely push out until next week.
Once this low is put in I think we’ll see a steady rise up all of September. We need it to be slow so the bears will go to sleep. Something like 1-3 points everyday on very light volume. Then late September or early October we’ll top out and see the first move down start. Around Legatus time we should be looking to get short as the crash will soon follow.
You know they are preparing the sheep for it with all the noise about attacking some innocent country like Syria. They want the sheep to think Syria is using chemical weapons on it’s own people and we all know that it’s Bush and Rockefeller that’s behind it all. They are setting Syria up to be the fall guy on some likely false flag event like they did with Bin Laden and 911.
Don’t fall for it. You should know that those people in the middle east are innocent and it’s our corrupt government that is guilty of crimes against humanity. I only pray that this stock market crash happens purely based on the derivatives market collapsing and not another false flag attack setup by you know who.
But we can’t control that, so we must just do our best to protect ourselves and ride the move down. You’ll need the money afterwards as it’s very likely that many people will lose their jobs from this crash as companies are forced to layoff or go bankrupt.
I’m not around much as you can see. I’m busy working on creating an awareness campaign for the next hot stock pick I’ll be getting soon. This campaign will be designed to make sure the stock gets plenty of interested buyers in it so it will more of a steady climber and give everyone and chance to make some money from it. Of course everyone here will hear of it first. 🙂
Crude oil support and resistance levels: http://niftychartsandpatterns.blogspot.in/2013/09/crude-oil-support-and-resistance-levels.html
Also, I still haven’t fixed my primary computer so I haven’t checked my email in over a week. I will take the time to tear it down and put in a new power supply and possibly another ssd drive to replace one of 4 of them in a RAID 10 array that “could” be bad?… later this week. Then I’ll do a new post this coming weekend as well. Ali should have another update by then too.
One other thing… I’ll have a new stock pick coming out later this week as well. It’s forecast-ed to move up next week and should be a fun one to go in and out of for at least a week. Lot’s of traders will then be talking about it on the various stock boards that post hot stock picks.
Naturally I’ll have that info out to you guys first as I have a way to sniff out these things before they make their move up. Several of you made donations and I appreciate that greatly. I will email you guys personally before I alert everyone else as a way of saying thanks. However, everyone else will still get the alert before you hear about it everywhere else.
Morning update: Since we failed to put in a lower low on Friday and have went up again yesterday on the futures, I know think we are going to gap window around 1652 spx or gap fill at 1658 area. But, I’m leaning toward gap window as I think gap fill will put us over the falling trendline of resistance.
That trendline starts just under the prior 1700 area high from mid-August connecting to the 1669 high the last week of August. It’s also the top trendline of a falling channel whereas the 1639 low connected to the 1627 low make the lower trendline.
Projecting forward to where the top trendline is today put it just about at the gap window area at 1652 spx. So unless the opening print gaps over that level clearly (a small gap is acceptable as it could easily fall back into the channel) I’m expecting the market rollover and head lower today and into Wednesday.
The “when” part is tough as if they do gap over the trendline they could chop it up most of the morning to fill the gap around 1658 and then rollover later today. It should be light volume today as traders are still on vacation, so that means they could walk it up there easier with no one around to sell.
I would not get bullish until 1669 is taken out and I don’t foresee that happening today. Therefore I think the gap window to gap fill area is the best place to short into Wednesday to look for a break of the prior low of 1627 at some point this week. The rally just isn’t ready to start yet in my opinion. Maybe next week?
EURUSD Trend Update: http://niftychartsandpatterns.blogspot.in/2013/09/eurusd-trend-update.html
CISCO Weekend update: http://niftychartsandpatterns.blogspot.in/2013/09/cisco-weekend-update.html
Bank of America Weekend update: http://niftychartsandpatterns.blogspot.in/2013/09/bank-of-america-weekend-update.html
SLV Weekend update: http://niftychartsandpatterns.blogspot.in/2013/08/slv-weekend-update_31.html
The moon should be moving into a conjunction with Jupiter and Sirius at approximately 10 am east coast time on Saturday. A definite Jupiter moon conjunction and a theoretical one with Sirius although Sirius might have moved a degree from its classic location since 1776 when its alignment with the sun was aligned with the new nation’s founding.
The first part of Fahrenheit 451 could take place on 831 and obviously won’t be stock market related. 831is seen as 381 and 318 in the movie Fahrenheit 451, a variation of 93, and Julie Christie does ask MONtag why do they use the number 451 as opposed to 813 or 125.
Montag is German and means Monday. This does correlate with the Rammstein video Mein Land when scantily clad women can be seen running around with German flags as the Rammstein version of Fahrenheit 451 is taking place but I don’t really see anything happening this Monday although it would be an ideal time for the operators to create a stock market dislocation while the US markets are closed.
S&P 500 Weekend update: http://niftychartsandpatterns.blogspot.in/2013/08/s-500-weekend-update_31.html
The market failed to breakout and gap over the resistance falling trendline this morning, so I’m leaning bearish here for today. But next week is usually the start of a bullish move as it’s a 3 day holiday weekend (Markets closed Monday for Labor Day)… which means the move down to 1575 spx seems unlikely now.
Basically I’m thinking that the low put in today (or possibly Tuesday morning?) will be the end of this move down from 1709 awhile back. If we break the current low of 1627 then I can count 5 waves from the top. Therefore we are likely in the 5th wave down which should complete the move.
However, considering it’s a Friday (and that it’s the Labor Day Weekend) I doubt if they will allow it to tank very hard today. If we only make a double bottom then I’d say the 5th wave down is complete… especially if they rally back up later today by the close and put in a bottoming tail candle on the daily chart.
If we don’t put in a lower low today to complete that 5th wave down then I’d say they will carry it into next week and we’ll see the completion of it Tuesday morning. From a traders mindset all even number levels are important to defend. Therefore 1600 will be guarded closely by the bulls.
The logical way to steal money from the traders is to either pierce through 1600 to scare the bulls out and trap the bears short or to come close to 1600 but not hit it so the bulls will be forced to chase it back up once the rally starts. So possibly they only hit 1610 or 1615 next Tuesday?
The main thing I want to point out here is that the low is near and the bulls are about to wake up soon. So if we see a lower low today then I’d expect a rally into the close to start move up that’s coming next week. If we don’t go down and at least put in a double bottom to make this 5th wave down just a truncated wave then it’s likely push out until next week.
Once this low is put in I think we’ll see a steady rise up all of September. We need it to be slow so the bears will go to sleep. Something like 1-3 points everyday on very light volume. Then late September or early October we’ll top out and see the first move down start. Around Legatus time we should be looking to get short as the crash will soon follow.
You know they are preparing the sheep for it with all the noise about attacking some innocent country like Syria. They want the sheep to think Syria is using chemical weapons on it’s own people and we all know that it’s Bush and Rockefeller that’s behind it all. They are setting Syria up to be the fall guy on some likely false flag event like they did with Bin Laden and 911.
Don’t fall for it. You should know that those people in the middle east are innocent and it’s our corrupt government that is guilty of crimes against humanity. I only pray that this stock market crash happens purely based on the derivatives market collapsing and not another false flag attack setup by you know who.
But we can’t control that, so we must just do our best to protect ourselves and ride the move down. You’ll need the money afterwards as it’s very likely that many people will lose their jobs from this crash as companies are forced to layoff or go bankrupt.
I’m not around much as you can see. I’m busy working on creating an awareness campaign for the next hot stock pick I’ll be getting soon. This campaign will be designed to make sure the stock gets plenty of interested buyers in it so it will more of a steady climber and give everyone and chance to make some money from it. Of course everyone here will hear of it first. 🙂