They have to end UP today Jim, or risk falling out of the huge rising wedge. The bot's know it, and come in a start buying when it dips down and touches the trendline.
Until the big institutions are allowed to sell, all the dips will be bought up… either by retail traders or the bot's. I do believe the crash won't happen next week. Too many people know about it now… hence it won't happen.
The fundamentals are not good. but w/ greece temp behind us and the dollar correcting or softening a bit it seems we are destined to hit the 1140 range before another drop.
the cards seem played. i am getting out of long positions on Friday or at 1120 and may start getting back into some small short positions.
Today despite it all i bet we end up in the indexes albeit nothing significant.
At this point IlliniKap, I think the crash next week has been re-scheduled. The only way I see it happening now is for at least a 50 point drop to occur before this Friday.
Meaning… it needs to start today, and continue throughout all of tomorrow. With this light volume right now, it's not looking likely to happen. It's like all the big institutions got together on a conference call and decided not to sell this week and next week.
So, the government can prop up the market for several more months, with money monopoly money from the printing press. All the charts I seen showed that they were pulling money out of the market, but the “planned crash” must have be delayed, and instead they put in Secret Stimulus Plan Two… which we won't hear about on the news of course.
Probably because the rest of the world that buys our debt (China mainly) wouldn't have approved it, as it is going to devalue the dollar even more. And since they hold billions of our dollars, they don't want to see that happen. They want a strong dollar, while the Crooked Fed's want a weak dollar. Unfortanutely, it's game that is played behind our backs, as we weren't invited to the card table.
I don't get either. Everything out today should add more fuel to the double dip fire. I'm fully expecting the markets to move higher, but given the overbought technicals on every timeframe, I expected some sort of pull back today before we moved higher. But yes, I think it's becoming more and more blatant to even casual observers of the market of how manipulated it currently and how much central bank intervention in the markers, especially in the FX markets, is going on.
We should correct.
So what about this one will this one work in favour of the bears?
Even confirmed divergences have been slow to play out. Per Chartpattern Trader the triple div is the strongest signal in technical analysis.
Dow jones has been showing negative divergence in hour chart. But the price is refusing to come down
http://niftychartsandpatterns.blogspot.com/2010…
Nobody I know knows about it. Maybe there is some hope.
They have to end UP today Jim, or risk falling out of the huge rising wedge. The bot's know it, and come in a start buying when it dips down and touches the trendline.
Until the big institutions are allowed to sell, all the dips will be bought up… either by retail traders or the bot's. I do believe the crash won't happen next week. Too many people know about it now… hence it won't happen.
The fundamentals are not good. but w/ greece temp behind us and the dollar correcting or softening a bit it seems we are destined to hit the 1140 range before another drop.
the cards seem played. i am getting out of long positions on Friday or at 1120 and may start getting back into some small short positions.
Today despite it all i bet we end up in the indexes albeit nothing significant.
At this point IlliniKap, I think the crash next week has been re-scheduled. The only way I see it happening now is for at least a 50 point drop to occur before this Friday.
Meaning… it needs to start today, and continue throughout all of tomorrow. With this light volume right now, it's not looking likely to happen. It's like all the big institutions got together on a conference call and decided not to sell this week and next week.
So, the government can prop up the market for several more months, with money monopoly money from the printing press. All the charts I seen showed that they were pulling money out of the market, but the “planned crash” must have be delayed, and instead they put in Secret Stimulus Plan Two… which we won't hear about on the news of course.
Probably because the rest of the world that buys our debt (China mainly) wouldn't have approved it, as it is going to devalue the dollar even more. And since they hold billions of our dollars, they don't want to see that happen. They want a strong dollar, while the Crooked Fed's want a weak dollar. Unfortanutely, it's game that is played behind our backs, as we weren't invited to the card table.
I don't get either. Everything out today should add more fuel to the double dip fire. I'm fully expecting the markets to move higher, but given the overbought technicals on every timeframe, I expected some sort of pull back today before we moved higher. But yes, I think it's becoming more and more blatant to even casual observers of the market of how manipulated it currently and how much central bank intervention in the markers, especially in the FX markets, is going on.
SP 500 Support and resistance lines
http://niftychartsandpatterns.blogspot.com/2010…