I now think the DIA 118.16 target is where we are heading first. I also think that more people then we might think, knew about the expected crash next week… hence the plans changed.
If I'm wrong and this is just the biggest head fake in history, then it has to start down tomorrow or there's just no way to hit the bottom target by June 25th.
The only way I now see that happening is a false flag event. Bad jobs numbers won't be enough to cause the kind of selling needed to reach that low target by the end of next week.
Today and yesterday is the most blatantly I've seen the market pumped over the last few months. They are literally not even letting it go down a couple of points before they come in to keep bidding it up.
There divergences everywhere. Pretty much all the internals did not support today's move. That means we should either have some sort of sell-off (could only be a few points) into the close or tomorrow morning. If we gap down tomorrow, I'm willing to say with 100% confidence it will be bought and we will move higher from there.
As long as we don't break today's highs now, I'm going look for a small pullback and close out my puts. Think I am going to wait until after OPX to add any new positions.
I now think the DIA 118.16 target is where we are heading first. I also think that more people then we might think, knew about the expected crash next week… hence the plans changed.
If I'm wrong and this is just the biggest head fake in history, then it has to start down tomorrow or there's just no way to hit the bottom target by June 25th.
The only way I now see that happening is a false flag event. Bad jobs numbers won't be enough to cause the kind of selling needed to reach that low target by the end of next week.
Today and yesterday is the most blatantly I've seen the market pumped over the last few months. They are literally not even letting it go down a couple of points before they come in to keep bidding it up.
There divergences everywhere. Pretty much all the internals did not support today's move. That means we should either have some sort of sell-off (could only be a few points) into the close or tomorrow morning. If we gap down tomorrow, I'm willing to say with 100% confidence it will be bought and we will move higher from there.
Thanks! A huge slug of buying just came in.
Institution buying and selling chart from Cobra's blog
http://lh4.ggpht.com/_APmrYvpA45s/TBjMN6go2xI/A…
Dow jones important levels to watch out for
http://niftychartsandpatterns.blogspot.com/2010…
It was a very minor purchase, just a few bucks.
Cobra's chart 0.0.2 is flashing a CPCE temporary top. That's my reason for levity.
The new HOD sobered me up a little, though.
can you post a link to the institution chart?
As long as we don't break today's highs now, I'm going look for a small pullback and close out my puts. Think I am going to wait until after OPX to add any new positions.