Well, if the pattern does repeat, it looks like we will have one more high before the big plunge. Scary thing though is that if we really do repeat, that big plunge would eventually take us to DJIA 3000 or so. Meanwhile, I like that big red candle between now and that new high. Maybe Red is right that big falls can only come on MWF.
today has been a real interesting day playing with probabilities of the current $SPX setup The last time we had probabilities like this on the $SPX weekly was back during the 7/16/2007 week
for those that have been around this rodeo remember back in july 07' the massive bullgasm going on. The week following 7.16.2007 the operators debased the $SPX 4.9%. Took out 14 weeks of gains in 1 week.
Now digging deeper to try and find the co-relational ritual (1:1).
as we know from 07' the summer debasement was the final before the blow-off into the fall, the operators told us last week $DJI 11,816 will be the terminal de-leverage pt. http://www.flickr.com/photos/47091634@N04/44783…
Yes… it's true, I'm a big dreamer. But I thought I could count a few off you guys (and gals) to help me tackle the bulls. I guess I'll have to go at it alone…
Carl at day’s end:
1173-1185 estimate for today (12 points)
1178.25 -1188 actual today (9.75 points)
Carl was a bit low today again today
Trades: no trades today
Grade: C didn’t lose any money
Well, if the pattern does repeat, it looks like we will have one more high before the big plunge. Scary thing though is that if we really do repeat, that big plunge would eventually take us to DJIA 3000 or so. Meanwhile, I like that big red candle between now and that new high. Maybe Red is right that big falls can only come on MWF.
here's a chart of the local (min : max)
http://www.flickr.com/photos/47091634@N04/44974…
Thanks Sundancer. Hopefully the 1191.8 holds. Really appreciate your input.
today has been a real interesting day playing with probabilities of the current $SPX setup
The last time we had probabilities like this on the $SPX weekly was back during the 7/16/2007 week
for those that have been around this rodeo remember back in july 07' the massive bullgasm going on. The week following 7.16.2007 the operators debased the $SPX 4.9%. Took out 14 weeks of gains in 1 week.
Now digging deeper to try and find the co-relational ritual (1:1).
$SPX 07' (min:max) 1363.98 : 1555.9 = 14.07%
$SPX 10' (min:max) 1044.50 : 1191.8 = 14.10%
as we know from 07' the summer debasement was the final before the blow-off into the fall, the operators told us last week $DJI 11,816 will be the terminal de-leverage pt.
http://www.flickr.com/photos/47091634@N04/44783…
and to add more fuel to the fire, $SPX printed 1191 that i was looking for as it is where purple contianment is on the weekly
http://www.flickr.com/photos/47091634@N04/44905…
I would help you but I have already been tackled and mamed by the bulls 🙂
Yes… it's true, I'm a big dreamer. But I thought I could count a few off you guys (and gals) to help me tackle the bulls. I guess I'll have to go at it alone…
Red, since you run this blog, that is your job!
Yes, probably wise.
Dragon, you should go play 'Dreamer' by SuperTramp