Red

User banner image
User avatar
  • Red

User Comments

EURUSD Chart update: http://niftychartsandpatterns.blogspot.in/2013/02/eurusd-breakout-attempt.html

Yes, the low was supposed to be somewhere between the 25th of February and the first week of March.  But he did point out that it’s not a very powerful signal as the larger signal is still bullish into May.

But once May comes the larger, medium and smaller signals all become bearish together… which gives us bears the best chance of success.  The gangsters aren’t having much trouble right now manipulating this weaker sell signal but I think they’ll be hard pressed to stop the one coming in May.

Red, didnt Ali say there would be a low in feb?If there isnt then doesnt this compromise his may crash call?

Certainly nothing to get excited about (for the bulls I mean).

SILVER Long term charts: http://niftychartsandpatterns.blogspot.in/2013/02/silver-long-term-charts.html

GOLD Chart analysis: http://niftychartsandpatterns.blogspot.in/2013/02/gold-chart-analysis_19.html

Good Morning gang…

Not much to say about the market.  It’s still extremely overbought but refuses to go down.  We literally could inch up 1-2 points per day until May and completely put every bear into a long deep sleep (which I think most of them already are).

The only thing that I feel must happen if we bears are to get a crash later this year is for the bulls to put in a new all time high.  Whether they do it 1-2 points a day or start having some wild swings and run down and back up first is unknown.  All the charts are worthless right now so I don’t see any point in doing a new video.

For now, I’m only in my penny stock and just waiting for it to move up to $1.00 to $2.00 per share, which I feel is going to happen very.  It could be this week or next but I’m confident that it’s going to move up into that range.  Nothing else to do but wait anyway as the S&P500 is worthless to trade right now (in my opinion).

So for those of you still in the penny stock with me patience will be rewarded.  And I the current pick does make it’s move up and everyone profits’ 200% to 300% I’ll have another pick that will follow it.  I believe the return on it will be much more but could also take 1-2 months to reach it’s full potential (just in time for the crash in May).

ES Trend update: http://niftychartsandpatterns.blogspot.in/2013/02/s-500-futures-trend-update.html

bought the VIX friday when I saw it in the low 12s. Had to! Was just too good to pass up. Looks like we gonna get some selling today…. me a happy bear