Gee Red, your triple top target is very compelling and it seems likely they will use an 11th hour sequestor crap to do so. But Im not sure what matters more the Dow or S&P500? The dow isnt far away from 14164 all time high but the s&p is still some ways off 1574. Which one is top dog or will they try and triple top both of them? Thankyou
Crude oil and the euro were already plunging before the stock market decided to make its late session plunge. Can’t get a rally going without their participation.
Tomorrow, 3-1 is 1355 tds from the 10-11-07 high. Can’t get a more freaky number. 1003 tds from 3-6-9 and and 1030 calendar days from 5-6-10. 13–13–13
3-1-13 is about as close to a Friday the 13th, that we’ll get this year. Unfortunately, a certain little indicator and its component aren’t in crash territory but that still won’t prevent an initiation thrust downward, a potentially powerful one.
I’m waiting for Ali to get back to me with his update before I do a new post, but I don’t think the rally is done yet. Tonight they should dip down some to reset the ES from it’s overbought conditions and then push it back up again tomorrow.
I suspect that we’ll easily take out the last high of 1524.50 on the ES and 1530.94 SPX, with the goal being the all time high of 1574 SPX. Now I don’t know if we’ll hit it or not but I certainly don’t like fighting this heavily manipulated bull market right now.
Last week on the 25th when we sold off 37.99 SPX points in one day (closing at the low) we had a 95% chance (from past history with similar all down day red candles) of gaping down the next morning and putting in a lower low… but we gaped up instead!
Logic tells you that shouldn’t have happened until the MACD charts were extremely oversold… and even then it still doesn’t happen on “all down days”. In fact you should have still gaped down and put in a long bottoming tail candle on the following days’ closing pattern… yet it did the impossible and gaped up with the MACD around +1 and +6 on the two bars, instead of being -5 or better.
The daily histogram bars were only -5 from that sell off and could have easily gone to -10 by the time the MACD’s went below zero… but they never let it happen. This is totally against any reasonable technical analysis and is 100% blatant manipulation.
This say one thing too me… we are going higher! They simply sold off hard like that for one day to get some bears short for the squeeze up into the final 5th wave. This final move up should approach the all time high, but I’m not sure if it will hit it, pierce it, or fall short. Basically I’m just looking something very close to 1574 SPX before I’d even think of shorting.
That double top area has another 95% chance of stopping the bulls and producing some selling from the first hit… and since it’s lining up with Ali’s “turn date” (and the fact that he called the low on February 25th exactly… several months ago!) and the timing of the austerity deadline (called “sequestration” here in America) is this coming Friday one would have to come to the conclusion that the timing is perfect for a top and therefore a sell off follow (which we didn’t have any similar reason for the sell off on February the 25th).
Sidenote: This should have really been done in the next new post…
For those that don’t understand fancy words like “sequestration”, “fiscal cliff”, or “austerity”, they are all created to fool the sheep into thinking that the elite assholes that run the corporation of America are smart and are looking out for your best interests.
In fact it’s just the opposite that true… they are creating those fancy words to keep you from understanding the true plan behind them. Which of course is to steal from the hard working middle class sheep to give to the rich worthless gangsters… who keep most of what they stole and some of your hard earned money to the poor that are on heavy drugs (prescribed to the legally or sold to them illegally from a few drug lords in Cuba that our powerful military just can’t seem to stop… even though they can turn the middle east into a barren waste land).
Anyway, they are clearly setting up the bulls (and stealing all the bears trading capital) going into this weekend where Obummer will lie, steal, and cheat with every word that comes out of his mouth related to this snow job (sequestration) where they once again put in some unbelievable move up before they roll it over with the trapped bulls and no bounces for the pissed off broke bears to get short at.
Sidethought: Has Warren Buffett be making the television rounds lately? He usually does when the top is near (and/or the bottom… but then he’s preaching about how bad things are in the economy).
Ohh… 2nd sidethought: Is any channel show Robin Hood this weekend? Kinda appropriate movie to show to the sheep while the wolves rob them. (It’s the opposite of reality in case you didn’t get that one… Robin Hood rob’s from the sheep and gives to the wolves).
Ok, back to your question…
I think we will go higher into early next week and come close to, pierce slightly, or hit exactly the double top around 1574 spx before turning down. The move down should last about 3 weeks (assuming it follows similar past patterns?) and then I expect another rally back up into May to pierce that prior high and put in a new all time high… then we crash, and crash hard in August/September.
Well, so much for a new post as I think I’ve said it all?
Red, I would appreciate your insights with Alis info. As I mentioned last night, I was going to short the market today. I got lucky and shorted near the highs. I personally believe we will have a low Monday some time rather than a high. Based on the above scenario and with Alis analyze, would we not go for at least a double top into April? Than a major down draft into May?
ORACLE Sell signals: http://niftychartsandpatterns.blogspot.in/2013/03/oracle-sell-signals.html
Gee Red, your triple top target is very compelling and it seems likely they will use an 11th hour sequestor crap to do so. But Im not sure what matters more the Dow or S&P500? The dow isnt far away from 14164 all time high but the s&p is still some ways off 1574. Which one is top dog or will they try and triple top both of them? Thankyou
Thanks Red, I will have some tough decisions tomorrow, with me being fully short. I will see how the morning unfolds. Thanks again !
Crude oil and the euro were already plunging before the stock market decided to make its late session plunge. Can’t get a rally going without their participation.
Tomorrow, 3-1 is 1355 tds from the 10-11-07 high. Can’t get a more freaky number. 1003 tds from 3-6-9 and and 1030 calendar days from 5-6-10. 13–13–13
3-1-13 is about as close to a Friday the 13th, that we’ll get this year. Unfortunately, a certain little indicator and its component aren’t in crash territory but that still won’t prevent an initiation thrust downward, a potentially powerful one.
March 2013 or 3-13 is 39 or 999.
I’m waiting for Ali to get back to me with his update before I do a new post, but I don’t think the rally is done yet. Tonight they should dip down some to reset the ES from it’s overbought conditions and then push it back up again tomorrow.
I suspect that we’ll easily take out the last high of 1524.50 on the ES and 1530.94 SPX, with the goal being the all time high of 1574 SPX. Now I don’t know if we’ll hit it or not but I certainly don’t like fighting this heavily manipulated bull market right now.
Last week on the 25th when we sold off 37.99 SPX points in one day (closing at the low) we had a 95% chance (from past history with similar all down day red candles) of gaping down the next morning and putting in a lower low… but we gaped up instead!
Logic tells you that shouldn’t have happened until the MACD charts were extremely oversold… and even then it still doesn’t happen on “all down days”. In fact you should have still gaped down and put in a long bottoming tail candle on the following days’ closing pattern… yet it did the impossible and gaped up with the MACD around +1 and +6 on the two bars, instead of being -5 or better.
The daily histogram bars were only -5 from that sell off and could have easily gone to -10 by the time the MACD’s went below zero… but they never let it happen. This is totally against any reasonable technical analysis and is 100% blatant manipulation.
This say one thing too me… we are going higher! They simply sold off hard like that for one day to get some bears short for the squeeze up into the final 5th wave. This final move up should approach the all time high, but I’m not sure if it will hit it, pierce it, or fall short. Basically I’m just looking something very close to 1574 SPX before I’d even think of shorting.
That double top area has another 95% chance of stopping the bulls and producing some selling from the first hit… and since it’s lining up with Ali’s “turn date” (and the fact that he called the low on February 25th exactly… several months ago!) and the timing of the austerity deadline (called “sequestration” here in America) is this coming Friday one would have to come to the conclusion that the timing is perfect for a top and therefore a sell off follow (which we didn’t have any similar reason for the sell off on February the 25th).
Sidenote: This should have really been done in the next new post…
For those that don’t understand fancy words like “sequestration”, “fiscal cliff”, or “austerity”, they are all created to fool the sheep into thinking that the elite assholes that run the corporation of America are smart and are looking out for your best interests.
In fact it’s just the opposite that true… they are creating those fancy words to keep you from understanding the true plan behind them. Which of course is to steal from the hard working middle class sheep to give to the rich worthless gangsters… who keep most of what they stole and some of your hard earned money to the poor that are on heavy drugs (prescribed to the legally or sold to them illegally from a few drug lords in Cuba that our powerful military just can’t seem to stop… even though they can turn the middle east into a barren waste land).
Anyway, they are clearly setting up the bulls (and stealing all the bears trading capital) going into this weekend where Obummer will lie, steal, and cheat with every word that comes out of his mouth related to this snow job (sequestration) where they once again put in some unbelievable move up before they roll it over with the trapped bulls and no bounces for the pissed off broke bears to get short at.
Sidethought: Has Warren Buffett be making the television rounds lately? He usually does when the top is near (and/or the bottom… but then he’s preaching about how bad things are in the economy).
Ohh… 2nd sidethought: Is any channel show Robin Hood this weekend? Kinda appropriate movie to show to the sheep while the wolves rob them. (It’s the opposite of reality in case you didn’t get that one… Robin Hood rob’s from the sheep and gives to the wolves).
Ok, back to your question…
I think we will go higher into early next week and come close to, pierce slightly, or hit exactly the double top around 1574 spx before turning down. The move down should last about 3 weeks (assuming it follows similar past patterns?) and then I expect another rally back up into May to pierce that prior high and put in a new all time high… then we crash, and crash hard in August/September.
Well, so much for a new post as I think I’ve said it all?
S&P 500 Analysis after closing bell: http://niftychartsandpatterns.blogspot.in/2013/03/s-500-analysis-after-closing-bell.html
Red, I would appreciate your insights with Alis info. As I mentioned last night, I was going to short the market today. I got lucky and shorted near the highs. I personally believe we will have a low Monday some time rather than a high. Based on the above scenario and with Alis analyze, would we not go for at least a double top into April? Than a major down draft into May?
APPLE Diamond pattern: http://niftychartsandpatterns.blogspot.in/2013/02/apple-diamond-pattern.html
LOL… I guess it is. Junior stocks (penny stocks) will also become very popular.