If I'm putting 2 and 2 together properly, then the 10th or 11th will be the bottom… according to the ritual, which means that it must happen on this coming Monday, as it's the 10th.
The news is just an excuse to get the market going in the direction they want it to go. They will sell on bad news, sell on good news. They will also buy on bad news, and buy on good news.
Bottom line, at this point I don't think the news matters too much. They have already started the sell off, and it will end when it hits their target area… which I think is around Dow 10,000 (per the fake prints).
If that's not the case, then whatever level that they want to take it too, will be the point at which they start buying again. The news will be spun positive then, as it's all negative now.
the 1.22.2010 first hour low & subsequent rally came off this exact TL, then teased everybody like a $1,000 hooker with the vaunted “bottoming tail” candle
Come on VIX close on a long black candle and its all up from here….. equities.
If I'm putting 2 and 2 together properly, then the 10th or 11th will be the bottom… according to the ritual, which means that it must happen on this coming Monday, as it's the 10th.
Maybe third times' a charm? He He He…
I don't know when but it will conclude the Greek/Zeus ritual
the announcement will happen on a SUNday
Are you suggesting this Friday… 🙂
The news is just an excuse to get the market going in the direction they want it to go. They will sell on bad news, sell on good news. They will also buy on bad news, and buy on good news.
Bottom line, at this point I don't think the news matters too much. They have already started the sell off, and it will end when it hits their target area… which I think is around Dow 10,000 (per the fake prints).
If that's not the case, then whatever level that they want to take it too, will be the point at which they start buying again. The news will be spun positive then, as it's all negative now.
Red one of these weekends you can pull out your black monday picture again…
All those suckers that have been going long on Friday's close via Futures or Options are going to get liquidated
A 40 or 50 pt. S&P debasement will liquidate all of that speculative capital
Now lets just say if a positive development from GS and greece occurs in the next few days. What do you think will happen to the market?
Greece situation is a non issue. IMO
Looks like it wants to fill the gap this morning, before heading lower.
this is a bit scary…
the 1.22.2010 first hour low & subsequent rally came off this exact TL, then teased everybody like a $1,000 hooker with the vaunted “bottoming tail” candle
This reaction came off the TL that contained the SPY during the 10.10.2008 crash lows
http://www.flickr.com/photos/47091634@N04/45808…