The Merriman Market Analyst: By October 28, the culmination of “irrational exuberance” or “hysterical panic” may be in full force. If not, then November 22-27. This is a potentially very dangerous set up for the world – politically, militarily or financially.
Tim Knight – Slope of Hope: If the past few years are any guide, an explosive move higher in the VIX (indicating a plunge in equity prices simultaneously) doesn’t seem far off.
Trading Daze: Looks like Nov 13 +- should be a dandy.
Danerics Elliott Waves: EOD October 16, 2012: So technically, this fits into a wave (ii) scenario with a big wave (iii) down coming. The McClellan Oscillator shows a peak sometime close in the near future and a huge drop thereafter.
Clive Maund: A bloodbath is believed to be imminent in the silver market, now that its cheerleaders have herded their flocks into the corral, ready to be fleeced again.
Sigma Trading Oscillator: We don’t see any reason to change our short term and medium term negative view on the market. Sigma Trading Oscillator: We have more and more warning signals coming from our indicators. We are probably at the early stage of a market correction.
Michael A. Gayed: Michael Belkin is Ultra Bearish based on his models.
Yes, that would be… which is why I don’t really see that happening right now. Maybe that’s the first sell off point later next summer when the real crash starts?
Or, they could drop the market slowly over the next 3 months to that level? It would be considered a health correction to a low of people.
It would be about a 30% drop to hit 1068 from about where we are now. So that would be a lot more then the usually (past) corrections of 10-15%, but you never know? We are at a critical point now, so a larger drop could happen.
I’d be surprised if it really does drop that far as I’m not really expecting it. But, I still have to keep that in mind as at some point in the future they will drop it to the FP level.
Ok, in this radio interview Lindsey states that the dollar “won’t” collapse by the end of this year or by January of 2013… but that it “WILL” collapse.
It’s about 50 minutes into the interview and I’m unable to fast forward it or download it so it could be fast forwarded with RealPlayer or some other audio player on my computer. That means you’ll have too listen to the whole interview (which of course he repeats of a lot of the same stuff).
All this tells me is that we’ll still sell off after the 23rd (not a crash though… maybe a 100 spx points, or more?) and then rally back later this year (for the Santa rally maybe?) or early next year. So I’m probably going to go long gold after the market bottoms from this sell off.
I’ll be getting short on October 23rd… regardless of what the charts say or what level the market is at. My thoughts are that they are going to sell it off to “possibly” the FP of 1068 SPX into late November or even December? Then when all the sheep are busy with Christmas they will close the banks down and do a 40% dollar devaluation.
My message below said collapes..a Dump in this market would be a crash since this pig never seems to go down for more han a few days lol. Also, it looks like they are keeping Silver and Gold down. What a bunch of jerks..He is sure right about our purchasing power of our dollar. Prices for things are getting out of hand…I have a feeling a surprise will come overnight sometime and we will open lock limit down on everything. The poor bears will not be able to jump on board. This is why i have bought Jan 2014 puts..
He didn’t say that BH… he said no collapse, or crash. There is a difference as what Lindsey is referring to is a 1929 style crash. That doesn’t mean we can’t have a nice be scare. I’m thinking we drop 5-10% and then they turn it back up into mid-summer of 2013 for the final top.
It’s possible that they do the 40% dollar devaluation right after this coming sell off bottoms. If that happens then they should make a new all time high… maybe even that crazy 30k+ on the Dow that WBS friend told him about? Who knows?
A Michael Belkin sighting. I haven’t seen him mentioned anywhere in years. He and big pharma don’t get along so it explains his seclusion.
I need to do some investigating/ follow through.
In Good Company
The Merriman Market Analyst: By October 28, the culmination of “irrational exuberance” or “hysterical panic” may be in full force. If not, then November 22-27. This is a potentially very dangerous set up for the world – politically, militarily or financially.
Tim Knight – Slope of Hope: If the past few years are any guide, an explosive move higher in the VIX (indicating a plunge in equity prices simultaneously) doesn’t seem far off.
Trading Daze: Looks like Nov 13 +- should be a dandy.
Danerics Elliott Waves: EOD October 16, 2012: So technically, this fits into a wave (ii) scenario with a big wave (iii) down coming. The McClellan Oscillator shows a peak sometime close in the near future and a huge drop thereafter.
Clive Maund: A bloodbath is believed to be imminent in the silver market, now that its cheerleaders have herded their flocks into the corral, ready to be fleeced again.
Sigma Trading Oscillator: We don’t see any reason to change our short term and medium term negative view on the market. Sigma Trading Oscillator: We have more and more warning signals coming from our indicators. We are probably at the early stage of a market correction.
Michael A. Gayed: Michael Belkin is Ultra Bearish based on his models.
Red:
A couple of articles that may get you excited. In line of what you are thinking:
http://www.zerohedge.com/news/2012-10-16/equity-traders-longest-2008-will-history-repeat
http://slopeofhope.com/2012/10/famous-double-tops-for-1200-by-phantomcapital.html
Yes, that would be… which is why I don’t really see that happening right now. Maybe that’s the first sell off point later next summer when the real crash starts?
Or, they could drop the market slowly over the next 3 months to that level? It would be considered a health correction to a low of people.
It would be about a 30% drop to hit 1068 from about where we are now. So that would be a lot more then the usually (past) corrections of 10-15%, but you never know? We are at a critical point now, so a larger drop could happen.
I’d be surprised if it really does drop that far as I’m not really expecting it. But, I still have to keep that in mind as at some point in the future they will drop it to the FP level.
If spx goes to 1068, wouldnt this be a severe crash? we’re talking 400 es points
Ok, in this radio interview Lindsey states that the dollar “won’t” collapse by the end of this year or by January of 2013… but that it “WILL” collapse.
http://www.lindseywilliams.net/lindsey-williams-richfit-radio-october-2012-post/
It’s about 50 minutes into the interview and I’m unable to fast forward it or download it so it could be fast forwarded with RealPlayer or some other audio player on my computer. That means you’ll have too listen to the whole interview (which of course he repeats of a lot of the same stuff).
All this tells me is that we’ll still sell off after the 23rd (not a crash though… maybe a 100 spx points, or more?) and then rally back later this year (for the Santa rally maybe?) or early next year. So I’m probably going to go long gold after the market bottoms from this sell off.
I’ll be getting short on October 23rd… regardless of what the charts say or what level the market is at. My thoughts are that they are going to sell it off to “possibly” the FP of 1068 SPX into late November or even December? Then when all the sheep are busy with Christmas they will close the banks down and do a 40% dollar devaluation.
My message below said collapes..a Dump in this market would be a crash since this pig never seems to go down for more han a few days lol. Also, it looks like they are keeping Silver and Gold down. What a bunch of jerks..He is sure right about our purchasing power of our dollar. Prices for things are getting out of hand…I have a feeling a surprise will come overnight sometime and we will open lock limit down on everything. The poor bears will not be able to jump on board. This is why i have bought Jan 2014 puts..
He didn’t say that BH… he said no collapse, or crash. There is a difference as what Lindsey is referring to is a 1929 style crash. That doesn’t mean we can’t have a nice be scare. I’m thinking we drop 5-10% and then they turn it back up into mid-summer of 2013 for the final top.
It’s possible that they do the 40% dollar devaluation right after this coming sell off bottoms. If that happens then they should make a new all time high… maybe even that crazy 30k+ on the Dow that WBS friend told him about? Who knows?
SPX Intraday update: http://niftychartsandpatterns.blogspot.in/2012/10/s-500-intraday-update_16.html