Working on a new post gang. Should have it up late tonight or tomorrow. Nothing much has changed though as the bulls aren’t likely to give up until that double top is reached. Today it looks like they are holding the price level up while letting the overbought MACD’s and Histogram bars (on the various time frames) reset.
This could take all day tomorrow too? Sideways trading makes a bull flag which breaks out once the overbought charts get oversold and reset pointing back upwards. So if we don’t breakout tomorrow and instead just have another sideways day, they Wednesday should be the day to rally more.
Rule number one when the gangsters are manipulating the market heavily… the charts always work when in favor of the bulls, but seldom work when in favor of the bears. The house (the operators) always know the cards in your hand (the sheep) so the house always cheats to win.
Rule number two… you have a better chance in Vegas of winning (if you are a bear) then in this stock market.
Noticed the similarity to the $ndx double top nonconfirmation to the Nasdaq in March 2000 with the current stock market. In this case, all of the indices topped on February 20, broke hard to the downside and then a bounce ensued but only with the Dow making a new high (transports made an intraday high). The double top bar on Thursday, a red shooting star candle mathches the candle from the March 24, 2000 double top $ndx high. A final smaller inside day candle was made on the next trading day on March 27 before the plunge. Yesterday’s trading action would be commensurate but the bar did differ with a more of hanging man like action. Also there was a 10 trading day period between the double tops in 2000 while only 7 this round.
There was a pretty amusing Bloomberg Business Week cover this week showing exuberant homeowners rolling around in a house filled with cash proclaiming the housing market is back. Quite a nice marker for a major peak.
Forgot to mention $CCI (old CRB) dropped to new multi-month lows and below 30 RSI on daily which appears to crash acceleration mode. And a certain organization has been continually harping that were on the right side of the 60 year cycle low(commodities).
New post…
http://reddragonleo.com/2013/03/05/stock-market-manipulation-to-the-extreme/
SPY Chart update: http://niftychartsandpatterns.blogspot.in/2013/03/spy-chart-analysis_5.html
Working on a new post gang. Should have it up late tonight or tomorrow. Nothing much has changed though as the bulls aren’t likely to give up until that double top is reached. Today it looks like they are holding the price level up while letting the overbought MACD’s and Histogram bars (on the various time frames) reset.
This could take all day tomorrow too? Sideways trading makes a bull flag which breaks out once the overbought charts get oversold and reset pointing back upwards. So if we don’t breakout tomorrow and instead just have another sideways day, they Wednesday should be the day to rally more.
Rule number one when the gangsters are manipulating the market heavily… the charts always work when in favor of the bulls, but seldom work when in favor of the bears. The house (the operators) always know the cards in your hand (the sheep) so the house always cheats to win.
Rule number two… you have a better chance in Vegas of winning (if you are a bear) then in this stock market.
EURUSD Trend update: http://niftychartsandpatterns.blogspot.in/2013/03/eurusd-trend-update.html
SLV Weekend update: http://niftychartsandpatterns.blogspot.in/2013/03/slv-weekend-update.html
GLD Weekend update: http://niftychartsandpatterns.blogspot.in/2013/03/gld-weekend-update.html
Noticed the similarity to the $ndx double top nonconfirmation to the Nasdaq in March 2000 with the current stock market. In this case, all of the indices topped on February 20, broke hard to the downside and then a bounce ensued but only with the Dow making a new high (transports made an intraday high). The double top bar on Thursday, a red shooting star candle mathches the candle from the March 24, 2000 double top $ndx high. A final smaller inside day candle was made on the next trading day on March 27 before the plunge. Yesterday’s trading action would be commensurate but the bar did differ with a more of hanging man like action. Also there was a 10 trading day period between the double tops in 2000 while only 7 this round.
There was a pretty amusing Bloomberg Business Week cover this week showing exuberant homeowners rolling around in a house filled with cash proclaiming the housing market is back. Quite a nice marker for a major peak.
FACEBOOK Weekend update: http://niftychartsandpatterns.blogspot.in/2013/03/facebook-weekend-update.html
S&P 500 Analysis after closing bell: http://niftychartsandpatterns.blogspot.in/2013/03/s-500-analysis-after-closing-bell_2.html
Forgot to mention $CCI (old CRB) dropped to new multi-month lows and below 30 RSI on daily which appears to crash acceleration mode. And a certain organization has been continually harping that were on the right side of the 60 year cycle low(commodities).