Watching this market go up every day, slowly but surely, reminds me of the long and slow climb you make on a roller-coaster just before you reach the top and start the fun and scary move down!
Yes Anthony… it really makes the most sense to me right now. Oh by the way, there’s another sweet deal coming in a week or so… just after the current penny stock run should end. Meaning we should be able to roll out of one 100% winner and into another one!
Sweet huh! And hopefully this will all happen before Legatus so we can then move into a short position on the SPY or something. More deals will follow all year long I think.
Geecko, you do realize that there isn’t any evidence that I’ve seen or anyone else has seen that rituals in the sports you follow have anything to do with the timing of the stock market.
While I’m sure they do ritual’s for sports too, I don’t see how any of it benefits stock market traders. Even the stuff in the movies doesn’t seem too have any value to the timing of the market, which is why I haven’t paid too much attention to it anymore.
Yes, they are both full of ritual’s and yes they are important to know about as it’s of course what “they” have planned for us sheep in the future… but it doesn’t help me or anyone else that reads this blog in figuring out how to make money in the stock money…. which is what I’m trying to do.
I think that’s what Bill is trying to tell you… which is that your theories on the ritual’s in the sports you watch don’t help us traders or give us any clues to the next big move in the market.
I don’t mind you posting your stuff as you’ve been a long time reader and poster, but let everyone know clearly that it’s sports ritual’s you are talking about… which aren’t related to the stock market. I’m sure there are readers that are into sports as much as you and find it interesting.
If it’s something related to the stock market then keep it all in a separate comment and focus exclusively on the market in that comment. Then do other comments related to sports.
Morning Update: After Monday being a holiday for MLK today I suspect will have light volume just like most all days do that follow holiday’s. Traders are probably yawning while drinking their coffee to wake up from the long weekend (just like I’m doing too).
With that in mind I don’t really expect much action today in either direction. But, I’ve been thinking a lot about what should happen if they are going to crash the market this year. Looking back at other crashes and I noticed that it’s common to put in an “all time high” before crashing.
So, it makes sense to me that they will continue with that pattern and put in another “all time high” this year before the crash. That implies that the 1573 spx level will be taken out at some point during this year. And since it’s likely that we’re going to drop a 100 spx points or more after Legatus I’m going to have to believe that they should make this new high before then.
While it’s still possible that they go down that 100+ points and then turn back up into summer to make that new high it just seems more unlikely to me. Maybe they do, but I’m thinking now is the best time to do it. I could be totally off on this call but after some serious thinking over the last week or so it’s something that’s just been bugging me so I wanted to put out that possibility for you all to think about too.
It doesn’t affect me either way as I don’t plan to do any shorting of this market until Legatus anyway. So even if I’m wrong and we start down this week for the first wave one down, with wave two going up into Legatus, I’ll be sitting out that trade and waiting for the right time like a patient bear should be doing…
Geccko23, no one in their right mind would believe much of what you say….you are way out there dood. you make conspiracists look crazy…. your speculations n3ed to be severely trimmed back dood!
Watching this market go up every day, slowly but surely, reminds me of the long and slow climb you make on a roller-coaster just before you reach the top and start the fun and scary move down!
Yes Anthony… it really makes the most sense to me right now. Oh by the way, there’s another sweet deal coming in a week or so… just after the current penny stock run should end. Meaning we should be able to roll out of one 100% winner and into another one!
Sweet huh! And hopefully this will all happen before Legatus so we can then move into a short position on the SPY or something. More deals will follow all year long I think.
CRUDE Oil support and Resistance levels: http://niftychartsandpatterns.blogspot.in/2013/01/crude-oil-support-and-resistance-levels.html
a new high, before a heavy crash, is def something i agree with you on Red. It’s generally what they always do.
Geecko, you do realize that there isn’t any evidence that I’ve seen or anyone else has seen that rituals in the sports you follow have anything to do with the timing of the stock market.
While I’m sure they do ritual’s for sports too, I don’t see how any of it benefits stock market traders. Even the stuff in the movies doesn’t seem too have any value to the timing of the market, which is why I haven’t paid too much attention to it anymore.
Yes, they are both full of ritual’s and yes they are important to know about as it’s of course what “they” have planned for us sheep in the future… but it doesn’t help me or anyone else that reads this blog in figuring out how to make money in the stock money…. which is what I’m trying to do.
I think that’s what Bill is trying to tell you… which is that your theories on the ritual’s in the sports you watch don’t help us traders or give us any clues to the next big move in the market.
I don’t mind you posting your stuff as you’ve been a long time reader and poster, but let everyone know clearly that it’s sports ritual’s you are talking about… which aren’t related to the stock market. I’m sure there are readers that are into sports as much as you and find it interesting.
If it’s something related to the stock market then keep it all in a separate comment and focus exclusively on the market in that comment. Then do other comments related to sports.
Morning Update: After Monday being a holiday for MLK today I suspect will have light volume just like most all days do that follow holiday’s. Traders are probably yawning while drinking their coffee to wake up from the long weekend (just like I’m doing too).
With that in mind I don’t really expect much action today in either direction. But, I’ve been thinking a lot about what should happen if they are going to crash the market this year. Looking back at other crashes and I noticed that it’s common to put in an “all time high” before crashing.
So, it makes sense to me that they will continue with that pattern and put in another “all time high” this year before the crash. That implies that the 1573 spx level will be taken out at some point during this year. And since it’s likely that we’re going to drop a 100 spx points or more after Legatus I’m going to have to believe that they should make this new high before then.
While it’s still possible that they go down that 100+ points and then turn back up into summer to make that new high it just seems more unlikely to me. Maybe they do, but I’m thinking now is the best time to do it. I could be totally off on this call but after some serious thinking over the last week or so it’s something that’s just been bugging me so I wanted to put out that possibility for you all to think about too.
It doesn’t affect me either way as I don’t plan to do any shorting of this market until Legatus anyway. So even if I’m wrong and we start down this week for the first wave one down, with wave two going up into Legatus, I’ll be sitting out that trade and waiting for the right time like a patient bear should be doing…
ES Support and Resistance: http://niftychartsandpatterns.blogspot.in/2013/01/s-500-futures-support-and-resistance.html
Baltimore—SF Superbowl dood!!!!!!!!!
You must be a new troll…..I am just a protege to the master…..
Geccko23, no one in their right mind would believe much of what you say….you are way out there dood. you make conspiracists look crazy…. your speculations n3ed to be severely trimmed back dood!
no.
old fashion BB’s.