A new high was put in briefly this morning of 1597.55 spx, whereas the prior high was 1597.09 spx. To all outside appearances this looks like the final top and many bears are going short right now. I on the other hand think they are just teasing the bears right now and that this selling will end soon and will be reversed into early next week.
I’m still looking for that final high in the 1630 spx zone, and I’m looking for it to happen between next Monday the 6th and Wednesday the 8th. Today looks like some kind of ABC move down that once it ends will allow for a final wave up to happen. Maybe this ABC is a wave 4 down with a 5th wave up to go? Don’t know for sure but I’m not risking shorting this market yet.
Red, I write and anti-nuclear blog that has been syndicated by “Before Its News” and this guys reply is below. the nuke blog is here, re Fukushima, worth a read too.
Thank you for an accurate look at radiation background levels where you live in the u.s. of TERROR!
Don’t you find it ‘odd’ that NONE OF THIS INFORMATION ON RADIATION IS
BEING REPORTED BY THE FASCIST-OWNED u.s. of TERROR WAR-MONGERING
‘NETWORKS’?
Anyway, your reporting is important, especially here on BIN, where
‘facts can be fleeting’ in just about every bit of so-called
‘journalism’ that is posted.
You will find my post amusing, maybe thought provoking, cause when GMO
Foods + chem.- trails + armed-militarized police-state + poison
contamination from all western food packaging (PETE, PS, – contain
phthalate & BPA) + pharmaceutical prescription usage-dosage abuse
with approved by Dr.’s + preservatives, sodium additives,
pharmacy-vaccine in-meat reside, GMO contaminated animal feed (soy,
corn), IN ALL MEATS offered for sale PLUS BACKGROUND RADIATION LEVELS
RISING (THAT QUICKLY, WOW), ARE ALL ADDED UP TOGETHER, I mean, my
‘explanation scenario’ actually seems plausible. Please excuse me if I
approach the average BIN reader a little roughly (name-calling and
stuff). They seem to focus a little better on what they are reading when
that ‘kind of attention-getting stuff’ is inserted in the ‘factual’
sentence.
Please keep on posting updates, Mr. Nuke Pro!
Massive, Uncontained Leak At Fukushima is pouring over 710 billion
Becquerel’s of radioactive materials into atmosphere (removed quickly
off of BIN).
Your “planet” is being ‘Terra-formed’ for another species that
desires MUCH HIGHER BACK- GROUND RADIATION. ‘It’ also is adjusting the
composition of the atmosphere as well as the overall planet temperature.
You “maggots” are a nuisance, and after enough of your ‘now human’
DNA has been ‘cataloged’ for the creation of a new hybrid species, you
‘bacteria’ on the surface of the planet will be ‘culled’, considerably
in numbers.
What’s this crap about all humans-gone in 350 years. Correction:
Radiation CAUSES GENETIC MUTATION IN ALL LIVING THINGS, INCLUDING
BACTERIA AND VIRUSES! You morons, your ‘decedents’ will not look like,
nor act like humans at all! ‘Natural Selection’ will accelerate, and the
genetic ‘freak’ that can survive and reproduce in the ‘new environment’
will dominate in numbers!
I mean, good old jesus is NOT EVEN GOING TO RECOGNIZE YOUR MUTATED,
FREAK ‘DECEDENTS’ AS BEING HUMAN, if ‘it’ returns to this hell-hole of a
planet, in 350 years hence!
Now, one last thing about ‘radiation’.
YOU MORONS KNOW NOTHING ABOUT IT!
IT IS ‘NOT OF THIS WORLD’!
FOR SURE! And how am I sure?
THE GRAVITY WELL OF A BLACK HOLE CAPTURES ALL MATTER, NOTHING CAN ESCAPE
ITS ‘GRASP’………………………………………EXCEPT RADIATION!!!!!!!!!!!!!!
Read it and weep, pathetic humans.
Your time is up.
You are being ‘exterminated’, right in front of your very eyes.
And, it is BEING DONE ON PURPOSE!
AND, YOUR OWN human KIND IS CO-OPERATING WITH THESE ‘THINGS’ THAT ARE
EXTERMINATING YOUR KIND RIGHT OFF THE SURFACE OF THIS PLANET.
Heard Bradley’s ode to the ’29 ’92 ritual today around 4:05pm local time for the first time in quite awhile on the 21(777) year anniversary of the ’29’92 ritual although the Bradley date was last Friday. As we march into the High Season for the Mayan-inspired Season of Infamy. With the kickoff on 4-15 (Lincoln, 42)……After all the Mayan pyramids were 4 sided with 19 terraces on each side.
Today is 110 trading days from the November 16 lows matching the final 110 day rally into March 27,2000 before the Nasdaq proceeded to meltdown. 12 tds from the nominal SP high on 4-11 similar to the 10 trading day double top in March 2000 which only saw the $ndx make a new high on March 27…..So far no real new high anywhere except possibly the $nyse. 1043 tds from the 3-6-9 low.
Guys, I didn’t have time to do a new post… sorry about that. Nothing much has changed really, except for a few minor things.
First, instead of a new high (with the 1630 zone being the target area) being put in on the preferred date May 22nd (or the alternate date May 29th) I think we are going to put in that high next week after choppy around all this week to get some bulls long and bears short with stops just above 1600 zone.
Some how I’ve always thought that the sell off after Legatus would be a wave 3 down and now I see that as possible. Assuming we top early next week then we’ll have 2-3 weeks left to put in the wave 1 down and the choppy wave 2 up… which I say “choppy” as I don’t think it’s going to be a huge re-tracer wave like they have been in the past. This means it won’t need much time either… maybe a week?
This first wave 1 down shouldn’t scare anyone as it is designed to keep the bears sleeping and the bulls thinking it’s just another pullback to get long on. From looking at the past sell offs they tend to move in 80-100 point ranges, so I’m expecting about the same on this first wave.
Since I’m expecting a new high early next week that “high” will make the “head” in a “Head and Shoulders” pattern with the prior high of 1597 spx then being the “left shoulder”. That leaves the rally up for the wave 2 to make the top of the “right shoulder”. In this case I think it will end around Legatus but it won’t go up as much as people expect.
The reasoning behind this is the fact that everyone will see the H&S pattern and will be expecting a high close to the 1597 left shoulder. The best way to trick the bulls that are long and the bears waiting around 1597 is to fail to even get close to that level again. The bears will be forced to chase it down as wave 3 starts and the bulls won’t believe their eyes when it starts down hard again.
So if we assume that the bottom of the first wave is around the most recent low of 1536 then the bounce back up for wave 2 (and the right shoulder) should stop at a lower Fibonacci level like the 38.2% or the 50%, but not the typical past retracements that are almost 100%.
In order for wave 3’s to start and have any real scare effect they are usually preceded by a weak wave 2 that lures in dip buying bulls and catches the bears asleep. This is why I’m not expecting too much on the wave 2 up. But for now lets focus on catching the top of this move so we can be short on the wave 1 down.
A new high was put in briefly this morning of 1597.55 spx, whereas the prior high was 1597.09 spx. To all outside appearances this looks like the final top and many bears are going short right now. I on the other hand think they are just teasing the bears right now and that this selling will end soon and will be reversed into early next week.
I’m still looking for that final high in the 1630 spx zone, and I’m looking for it to happen between next Monday the 6th and Wednesday the 8th. Today looks like some kind of ABC move down that once it ends will allow for a final wave up to happen. Maybe this ABC is a wave 4 down with a 5th wave up to go? Don’t know for sure but I’m not risking shorting this market yet.
ES Support and Resistance lines: http://niftychartsandpatterns.blogspot.in/2013/05/es-support-and-resistance-lines.html
Red, I write and anti-nuclear blog that has been syndicated by “Before Its News” and this guys reply is below. the nuke blog is here, re Fukushima, worth a read too.
http://nukeprofessional.blogspot.com/2013/04/report-from-steadily-increasing.html
Mr. Nuke Pro,
Thank you for an accurate look at radiation background levels where you live in the u.s. of TERROR!
Don’t you find it ‘odd’ that NONE OF THIS INFORMATION ON RADIATION IS
BEING REPORTED BY THE FASCIST-OWNED u.s. of TERROR WAR-MONGERING
‘NETWORKS’?
Anyway, your reporting is important, especially here on BIN, where
‘facts can be fleeting’ in just about every bit of so-called
‘journalism’ that is posted.
You will find my post amusing, maybe thought provoking, cause when GMO
Foods + chem.- trails + armed-militarized police-state + poison
contamination from all western food packaging (PETE, PS, – contain
phthalate & BPA) + pharmaceutical prescription usage-dosage abuse
with approved by Dr.’s + preservatives, sodium additives,
pharmacy-vaccine in-meat reside, GMO contaminated animal feed (soy,
corn), IN ALL MEATS offered for sale PLUS BACKGROUND RADIATION LEVELS
RISING (THAT QUICKLY, WOW), ARE ALL ADDED UP TOGETHER, I mean, my
‘explanation scenario’ actually seems plausible. Please excuse me if I
approach the average BIN reader a little roughly (name-calling and
stuff). They seem to focus a little better on what they are reading when
that ‘kind of attention-getting stuff’ is inserted in the ‘factual’
sentence.
Please keep on posting updates, Mr. Nuke Pro!
Massive, Uncontained Leak At Fukushima is pouring over 710 billion
Becquerel’s of radioactive materials into atmosphere (removed quickly
off of BIN).
Your “planet” is being ‘Terra-formed’ for another species that
desires MUCH HIGHER BACK- GROUND RADIATION. ‘It’ also is adjusting the
composition of the atmosphere as well as the overall planet temperature.
You “maggots” are a nuisance, and after enough of your ‘now human’
DNA has been ‘cataloged’ for the creation of a new hybrid species, you
‘bacteria’ on the surface of the planet will be ‘culled’, considerably
in numbers.
What’s this crap about all humans-gone in 350 years. Correction:
Radiation CAUSES GENETIC MUTATION IN ALL LIVING THINGS, INCLUDING
BACTERIA AND VIRUSES! You morons, your ‘decedents’ will not look like,
nor act like humans at all! ‘Natural Selection’ will accelerate, and the
genetic ‘freak’ that can survive and reproduce in the ‘new environment’
will dominate in numbers!
I mean, good old jesus is NOT EVEN GOING TO RECOGNIZE YOUR MUTATED,
FREAK ‘DECEDENTS’ AS BEING HUMAN, if ‘it’ returns to this hell-hole of a
planet, in 350 years hence!
Now, one last thing about ‘radiation’.
YOU MORONS KNOW NOTHING ABOUT IT!
IT IS ‘NOT OF THIS WORLD’!
FOR SURE! And how am I sure?
THE GRAVITY WELL OF A BLACK HOLE CAPTURES ALL MATTER, NOTHING CAN ESCAPE
ITS ‘GRASP’………………………………………EXCEPT RADIATION!!!!!!!!!!!!!!
Read it and weep, pathetic humans.
Your time is up.
You are being ‘exterminated’, right in front of your very eyes.
And, it is BEING DONE ON PURPOSE!
AND, YOUR OWN human KIND IS CO-OPERATING WITH THESE ‘THINGS’ THAT ARE
EXTERMINATING YOUR KIND RIGHT OFF THE SURFACE OF THIS PLANET.
GOLD Chart analysis: http://niftychartsandpatterns.blogspot.in/2013/04/gold-chart-analysis.html
APPLE Chart update: http://niftychartsandpatterns.blogspot.in/2013/04/apple-chart-update_30.html
Heard Bradley’s ode to the ’29 ’92 ritual today around 4:05pm local time for the first time in quite awhile on the 21(777) year anniversary of the ’29’92 ritual although the Bradley date was last Friday. As we march into the High Season for the Mayan-inspired Season of Infamy. With the kickoff on 4-15 (Lincoln, 42)……After all the Mayan pyramids were 4 sided with 19 terraces on each side.
Today is 110 trading days from the November 16 lows matching the final 110 day rally into March 27,2000 before the Nasdaq proceeded to meltdown. 12 tds from the nominal SP high on 4-11 similar to the 10 trading day double top in March 2000 which only saw the $ndx make a new high on March 27…..So far no real new high anywhere except possibly the $nyse. 1043 tds from the 3-6-9 low.
SPY Chart analysis: http://niftychartsandpatterns.blogspot.in/2013/04/spy-chart-analysis_30.html
Facebook resistance levels: http://niftychartsandpatterns.blogspot.in/2013/04/facebook-resistance-levels_29.html
Guys, I didn’t have time to do a new post… sorry about that. Nothing much has changed really, except for a few minor things.
First, instead of a new high (with the 1630 zone being the target area) being put in on the preferred date May 22nd (or the alternate date May 29th) I think we are going to put in that high next week after choppy around all this week to get some bulls long and bears short with stops just above 1600 zone.
Some how I’ve always thought that the sell off after Legatus would be a wave 3 down and now I see that as possible. Assuming we top early next week then we’ll have 2-3 weeks left to put in the wave 1 down and the choppy wave 2 up… which I say “choppy” as I don’t think it’s going to be a huge re-tracer wave like they have been in the past. This means it won’t need much time either… maybe a week?
This first wave 1 down shouldn’t scare anyone as it is designed to keep the bears sleeping and the bulls thinking it’s just another pullback to get long on. From looking at the past sell offs they tend to move in 80-100 point ranges, so I’m expecting about the same on this first wave.
Since I’m expecting a new high early next week that “high” will make the “head” in a “Head and Shoulders” pattern with the prior high of 1597 spx then being the “left shoulder”. That leaves the rally up for the wave 2 to make the top of the “right shoulder”. In this case I think it will end around Legatus but it won’t go up as much as people expect.
The reasoning behind this is the fact that everyone will see the H&S pattern and will be expecting a high close to the 1597 left shoulder. The best way to trick the bulls that are long and the bears waiting around 1597 is to fail to even get close to that level again. The bears will be forced to chase it down as wave 3 starts and the bulls won’t believe their eyes when it starts down hard again.
So if we assume that the bottom of the first wave is around the most recent low of 1536 then the bounce back up for wave 2 (and the right shoulder) should stop at a lower Fibonacci level like the 38.2% or the 50%, but not the typical past retracements that are almost 100%.
In order for wave 3’s to start and have any real scare effect they are usually preceded by a weak wave 2 that lures in dip buying bulls and catches the bears asleep. This is why I’m not expecting too much on the wave 2 up. But for now lets focus on catching the top of this move so we can be short on the wave 1 down.