Gold was down 5%+ on Friday. I know the margin calls were going out fast and furious on Friday. Gold dropped below its weekly lower BB so there is a possibility of a gold crash on Monday something that no one is looking for. Friday’s 5% action just being the prelude. And that triggering pronounced downdrafts in other markets.?
Monday is 4-15 (Fahrenheit 451????)(It is a a PI 314 days from Ray Bradbury’s passing on the day of Quetzacoatls return, 6-4 last year—-130 days from the ceremony dedicated to Ray Bradbury in LA when a certain instersection was renamed Ray Bradbury square ie 12-6-12…)
4-15 is also the Mayan # 2013 calendar days from the 10-11-2007 high, 1501 days from the 3-6-9 low, 1330 weeks from the lesser grand ritual episode 25 years ago, 1033 trading days from 3-6-9 and 1385 tds from 10-11-2007. All very intriguing numbers.
Then we have “42” being released yesterday in honor of the upcoming Jackie Robinson day on 4-15.
Two Lincoln movies have been released in the last year including one directed by mega billionaire Hollywood establishment director Steven Spielberg. Daniel Day Lewis won the Oscar this year for best actor for portraying the US’s 16 th president. Lincoln was assassinated on 4-15—–1865.
30477 days from the other lesser grand ritual….3477===777
Looks like last week was 30 weeks from the 9-14 high. I thought we still had a couple of more weeks to go so it does look like this past week should be a high. A sometime dominant cycle should have come into play. They disquised the last incarnation of it pretty well. Also a Fib 21 weeks off the November low.
Red, every crash has a catalyst, no QE, Obama winning= ie capital gains/taxes, banks in 08. So, just my thoughts, if some catalyst soon reveals itself, That would be the time in my opinion. Maybe Bernanke will be saying something or something comes to an end
Along with gold, crude oil is down big. It has put in a TD mega-bearflip on the daily dropping down to its lower BB which is flaring wider. Also looks to be some sort of wave 3 after putting in a 1-2 off the recent highs.
How the Dow is holding up so far is amazing. But declines off the top usually start off slow. It was nice to see the Dow bounce back downward after getting back to unchanged. Breadth is still quite negative. Should drop a certain little indicator back below the 0 line but we still have a few hours left.
I may be wrong (lots of times) but going to wait for a possible double bottom in gold (1491) before playing a bounce…if I miss it….well there’s lots of fish in the sea…so to speak!
Have a great weekend all!
By the way, sometimes the price is misleading on days where there’s no volume. I checked that .14 cent level and it was a bid for 196 shares (that’s $27.44), which made the stock look like it had fallen hard. I think someone is short it and trying to shake out the weak hands and get then to sell at dirt cheap prices. This usually happen right before a stock runs up hard from something positive happening. I will give details over the weekend.
Yeah… I wish you would have done a spread. Then you wouldn’t have lost that much. I sold out for a small lost today on my put spread as I got out a little too early. I actually could have broken even if I would have waited a little longer. But, I decided to turn and go long into next week as I believe they will go up to that 1620-1630 range before ending this run. (Do note that I’m only doing a small position again as I want to make sure I’m ready for late May).
Gold was down 5%+ on Friday. I know the margin calls were going out fast and furious on Friday. Gold dropped below its weekly lower BB so there is a possibility of a gold crash on Monday something that no one is looking for. Friday’s 5% action just being the prelude. And that triggering pronounced downdrafts in other markets.?
Monday is 4-15 (Fahrenheit 451????)(It is a a PI 314 days from Ray Bradbury’s passing on the day of Quetzacoatls return, 6-4 last year—-130 days from the ceremony dedicated to Ray Bradbury in LA when a certain instersection was renamed Ray Bradbury square ie 12-6-12…)
4-15 is also the Mayan # 2013 calendar days from the 10-11-2007 high, 1501 days from the 3-6-9 low, 1330 weeks from the lesser grand ritual episode 25 years ago, 1033 trading days from 3-6-9 and 1385 tds from 10-11-2007. All very intriguing numbers.
Then we have “42” being released yesterday in honor of the upcoming Jackie Robinson day on 4-15.
Two Lincoln movies have been released in the last year including one directed by mega billionaire Hollywood establishment director Steven Spielberg. Daniel Day Lewis won the Oscar this year for best actor for portraying the US’s 16 th president. Lincoln was assassinated on 4-15—–1865.
30477 days from the other lesser grand ritual….3477===777
Looks like last week was 30 weeks from the 9-14 high. I thought we still had a couple of more weeks to go so it does look like this past week should be a high. A sometime dominant cycle should have come into play. They disquised the last incarnation of it pretty well. Also a Fib 21 weeks off the November low.
GOLD Weekend update: http://niftychartsandpatterns.blogspot.in/2013/04/gold-weekend-update.html
Red, every crash has a catalyst, no QE, Obama winning= ie capital gains/taxes, banks in 08. So, just my thoughts, if some catalyst soon reveals itself, That would be the time in my opinion. Maybe Bernanke will be saying something or something comes to an end
This market is beggining to piss me off. It looks like 1585 is new support
Along with gold, crude oil is down big. It has put in a TD mega-bearflip on the daily dropping down to its lower BB which is flaring wider. Also looks to be some sort of wave 3 after putting in a 1-2 off the recent highs.
How the Dow is holding up so far is amazing. But declines off the top usually start off slow. It was nice to see the Dow bounce back downward after getting back to unchanged. Breadth is still quite negative. Should drop a certain little indicator back below the 0 line but we still have a few hours left.
I may be wrong (lots of times) but going to wait for a possible double bottom in gold (1491) before playing a bounce…if I miss it….well there’s lots of fish in the sea…so to speak!
Have a great weekend all!
By the way, sometimes the price is misleading on days where there’s no volume. I checked that .14 cent level and it was a bid for 196 shares (that’s $27.44), which made the stock look like it had fallen hard. I think someone is short it and trying to shake out the weak hands and get then to sell at dirt cheap prices. This usually happen right before a stock runs up hard from something positive happening. I will give details over the weekend.
Yeah… I wish you would have done a spread. Then you wouldn’t have lost that much. I sold out for a small lost today on my put spread as I got out a little too early. I actually could have broken even if I would have waited a little longer. But, I decided to turn and go long into next week as I believe they will go up to that 1620-1630 range before ending this run. (Do note that I’m only doing a small position again as I want to make sure I’m ready for late May).
looking at 157.5 area. But took a hit yesterday on the small lift. That’s the ***** about going dtraight puts