You know, I've seen the market “get high” many times before, but this must be some new type of crystal methane it's been smoking, as there is absolutely NO logical reason to this high up.
But then again, the market lives in fairy land, while the rest of world lives in the real world… reality.
If I were the wall street crooks, I'd sell off to 1080 on Friday to kill all the bears that are currently short in June options. I'd close it at 1080 leaving everyone guessing as to whether that move down was a “B” wave with a final “C” wave back up to 1140 area, or if it's going to continue down the following week.
TPTB know that from an Astrology point of view, next week has more planets aligning together, forming a negative pattern, then it has in an 100 years.
Next week should be the biggest crash in history, according to Astrology. But, since they know that everyone else knows it too… will they stop it? Did they secretly inject another stimulus package into the market these last few days, to prevent the disaster?
If so, then they plan on going up past the right shoulder and forming a new high around 11,800, before selling off into the later months of the years.
You have too realize that they monitor everything, and every blog on the blogsphere. They might not read each blog, or blog comments one by one, but their super computers give them the general sentiment of what the mood is on the net.
That 1080 area is the perfect place to park this market on Friday. It would be a very confusing point, as the bulls will be looking for a final “C” wave up, and the bears would think that the final wave “5” down has started. Which one would be right?
On one hand, you can say that the internet has helped the retail trader, as more information is available to be learned. And, everyone can share their knowledge on blogs and forums.
But on the other hand, you can say that it's hurt the retail trader, as now it's too easy for TPTB to use super computer to find out what every one is talking about (bullish or bearish), whereas in the past, they didn't have that capability.
So, that's my forecast for the rest of the week… park it around 1080, and trick everyone.
Unrelenting bull pump. Highly overbought and every piece of news being terrible, and still being propped. Closing out my last shorts if we don't move down soon and going to pick up calls.
There's an advance/decline indicator called the McClellan Oscillator (NYMO) that is presently very high and showing an overbought condition. If/when it returns to parity, prices will go down, and sharply. This should take a couple of weeks.
I think the reason NYMO is so high (out of proportion to the increase in the general indexes) is because of low-volume buying. This creates upticks but not large percentage gains.
Another clue that the market should come down soon is a large volume of index put activity (CPCI) on Monday. Index puts tend to be 'smart money' puts, i.e., correct.
You know, I've seen the market “get high” many times before, but this must be some new type of crystal methane it's been smoking, as there is absolutely NO logical reason to this high up.
But then again, the market lives in fairy land, while the rest of world lives in the real world… reality.
Little H&S on the Spy 1 min
Dow jones support and resistance line in chart
http://niftychartsandpatterns.blogspot.com/2010…
If I were the wall street crooks, I'd sell off to 1080 on Friday to kill all the bears that are currently short in June options. I'd close it at 1080 leaving everyone guessing as to whether that move down was a “B” wave with a final “C” wave back up to 1140 area, or if it's going to continue down the following week.
TPTB know that from an Astrology point of view, next week has more planets aligning together, forming a negative pattern, then it has in an 100 years.
Next week should be the biggest crash in history, according to Astrology. But, since they know that everyone else knows it too… will they stop it? Did they secretly inject another stimulus package into the market these last few days, to prevent the disaster?
If so, then they plan on going up past the right shoulder and forming a new high around 11,800, before selling off into the later months of the years.
You have too realize that they monitor everything, and every blog on the blogsphere. They might not read each blog, or blog comments one by one, but their super computers give them the general sentiment of what the mood is on the net.
That 1080 area is the perfect place to park this market on Friday. It would be a very confusing point, as the bulls will be looking for a final “C” wave up, and the bears would think that the final wave “5” down has started. Which one would be right?
On one hand, you can say that the internet has helped the retail trader, as more information is available to be learned. And, everyone can share their knowledge on blogs and forums.
But on the other hand, you can say that it's hurt the retail trader, as now it's too easy for TPTB to use super computer to find out what every one is talking about (bullish or bearish), whereas in the past, they didn't have that capability.
So, that's my forecast for the rest of the week… park it around 1080, and trick everyone.
Unrelenting bull pump. Highly overbought and every piece of news being terrible, and still being propped. Closing out my last shorts if we don't move down soon and going to pick up calls.
There's an advance/decline indicator called the McClellan Oscillator (NYMO) that is presently very high and showing an overbought condition. If/when it returns to parity, prices will go down, and sharply. This should take a couple of weeks.
I think the reason NYMO is so high (out of proportion to the increase in the general indexes) is because of low-volume buying. This creates upticks but not large percentage gains.
Another clue that the market should come down soon is a large volume of index put activity (CPCI) on Monday. Index puts tend to be 'smart money' puts, i.e., correct.
aweeeeeeeeeeehhhhhh shuckles! 🙂
You don't have a big head dear. You have sexy blue eyes on a head that is just the perfect size.
Hey Red, how nice of you to do that banner, and my i have a big head! 🙂 thank you
Can you explain his post or your comments? Confused!!