Red

User banner image
User avatar
  • Red

User Comments

such opposing thoughts on this blog this time around. I’ve been doing well buying all the dips the past few weeks.. A selloff woud seem likely at these levels, and i’ll likely be short, but it certainly will be interesting to watch it play out

WBS, how can this happen?  Google has tanked from bad earnings and it’s a major player in pumping this market.  What if Apple tanks next, and then IBM or Exxon?  I think your friend is focused on the longer term… as in “months”, not “weeks”.

I do see a big rally coming into a major “all time” high in the summer of 2013.  But I see a sell off first, and then the rally.  Drop it hard and quick to sucker in the bears, and then rip their face off.

GOOGLE Chart update: http://niftychartsandpatterns.blogspot.in/2012/10/google-chart-update.html

What
scares me the most is that I only know that big turns happen after
Legatus meetings… which direction is unknown? Considering that we are
massively overbought you would think it would be down. But, we really
have be trading in a sideways range for the last 2 months, which is
basically “no direction”. This means it could rip up huge just as
easily as down huge. It’s got me worried.

This is not good WBS…  I don’t like hearing that they plan on ripping this market higher.  How sure are you on this news?

EURUSD Weekly resistance levels: http://niftychartsandpatterns.blogspot.in/2012/10/eurusd-resistance-levels.html

    The elite are all heavily short, and for that once in a decade time, the super elite are going to rip through their shorts and screw them, which is what causes large major wave 3 UPS to occur.  Usually the minion elite are taken care of, but as Martha Stewart and Conrad Black and many others have found out, sometimes even the top layers below the top have to be deceived for a major UP or DOWN market to occur. 

    One of the ticket buyers for the secret mining conference(ticket price, 650,000USD) in 2008, has given me some real good salient information and he is saying LONG, and STRONG. 

ES Trend update: http://niftychartsandpatterns.blogspot.in/2012/10/es-chart-update_18.html