I hope everyone had a good holiday. I was going to do a new post but I just didn’t know what to write. Pretty much we all just waiting until this coming Legatus meeting before taking any really big positions. I know that between now and then it doesn’t look like we are going to see much bear action.
Today is a decent down day I guess but it’s still got very light volume as traders are just coming back from the long weekend… hungover I suspect! LOL! So I’m not expecting much to happen today. The charts are still worthless right now, at least as far as seeing a trend happen. Day traders still can do well today but swing traders might as well just wait for October.
Problem is… with all this “leaked information” about a total financial collapse coming from main stream media I’m concerned that it’s all just a smoke screen and won’t happen. Lindsey talks about it in his interviews, and now Alex Jones is talking about it from his source. Then we have the Chicago Tribune posting on it. This all makes me worried as I’ve never seen the gangsters actually tell us sheep the truth before.
They always mislead us into taking positions on the opposite side of where they are. When they wanted us to short the dollar it was at the bottom already. Same thing will gold and oil, and now the market. They are basically saying that we sheep should short the market because it’s going to collapse in Oct/Nov…
This is not what I wanted to hear. I’d rather them say that they will do more stimulus in October to stabilize the market… and then don’t! Then it would collapse! So while something big is coming late this October I’m just not sure what’s going to crash?
Will it be the dollar? (which I really can’t figure out how the market would react?). Will it be the stock market? (remember I still think they will do one more final rally into mid-2013 to put in the final top). So they have me second guessing myself once again.
However, we do have the FP of 1068 on the SPX… so maybe we have another “Flash Crash” down to that level and then they come in a save the day with QE3? Then we could rally up into mid-2013 for the final high.
i wonder why iwm is up so much
I hope everyone had a good holiday. I was going to do a new post but I just didn’t know what to write. Pretty much we all just waiting until this coming Legatus meeting before taking any really big positions. I know that between now and then it doesn’t look like we are going to see much bear action.
Today is a decent down day I guess but it’s still got very light volume as traders are just coming back from the long weekend… hungover I suspect! LOL! So I’m not expecting much to happen today. The charts are still worthless right now, at least as far as seeing a trend happen. Day traders still can do well today but swing traders might as well just wait for October.
Problem is… with all this “leaked information” about a total financial collapse coming from main stream media I’m concerned that it’s all just a smoke screen and won’t happen. Lindsey talks about it in his interviews, and now Alex Jones is talking about it from his source. Then we have the Chicago Tribune posting on it. This all makes me worried as I’ve never seen the gangsters actually tell us sheep the truth before.
They always mislead us into taking positions on the opposite side of where they are. When they wanted us to short the dollar it was at the bottom already. Same thing will gold and oil, and now the market. They are basically saying that we sheep should short the market because it’s going to collapse in Oct/Nov…
This is not what I wanted to hear. I’d rather them say that they will do more stimulus in October to stabilize the market… and then don’t! Then it would collapse! So while something big is coming late this October I’m just not sure what’s going to crash?
Will it be the dollar? (which I really can’t figure out how the market would react?). Will it be the stock market? (remember I still think they will do one more final rally into mid-2013 to put in the final top). So they have me second guessing myself once again.
However, we do have the FP of 1068 on the SPX… so maybe we have another “Flash Crash” down to that level and then they come in a save the day with QE3? Then we could rally up into mid-2013 for the final high.
ES Support and Resistance levels:
http://niftychartsandpatterns.blogspot.in/2012/09/es-support-and-resistance-levels.html
CRUDE oil chart analysis:
http://niftychartsandpatterns.blogspot.in/2012/09/crude-oil-chart-analysis.html
prepare for collapse “in late october/early november”
http://www.youtube.com/watch?v=lsp5n3Lc1hU
http://articles.chicagotribune.com/2012-08-10/business/sns-rt-us-banks-recoveryplansbre87905n-20120809_1_resolution-plans-global-banks-largest-banks
http://www.bibliotecapleyades.net/sociopolitica/esp_sociopol_depopu24.htm
Bank of America Chart analysis:
http://niftychartsandpatterns.blogspot.in/2012/09/bank-of-america-chart-analysis.html
Europe up on hope…. what else is new? Think i’ll wait for the meetings next week before i start to short
ES Chart update:
http://niftychartsandpatterns.blogspot.in/2012/09/es-chart-update.html
SPY Weekend update:
http://niftychartsandpatterns.blogspot.in/2012/09/spy-weekend-update.html