But, I disagree on how extreme he see’s it. I only see a move down to the FP of 1068 spx, which could hit around February, 2013 when the next Legatus meeting is. Then QE3 starts and we rally until mid-summer… and then we collapse similar to what he’s talking about (but there will be an election).
Silver backoff some as expected after hitting a necktie of resistance on Monday the 27th…
http://screencast.com/t/wbML3mkmW7
APPLE Hour trend update:
http://niftychartsandpatterns.blogspot.in/2012/08/apple-hour-trend-update.html
Nice charts by Permabear….
http://permabeardoomster.blogspot.com/2012/08/10am-update-pre-bernanke-mark-downs.html
ES Chart analysis:
http://niftychartsandpatterns.blogspot.in/2012/08/es-chart-analysis_30.html
Trying to fill the gap now, but I don’t think today will end flat.
Interesting video, and more interesting is the time period he’s calling for…
http://www.youtube.com/watch?v=w7NPNlRM9po&sns=fb
But, I disagree on how extreme he see’s it. I only see a move down to the FP of 1068 spx, which could hit around February, 2013 when the next Legatus meeting is. Then QE3 starts and we rally until mid-summer… and then we collapse similar to what he’s talking about (but there will be an election).
I wouldn’t pay too much attention to the release date Jiannis, as I’ve haven’t seen any of the prior movies mean anything based on that alone.
i usually let the first half hour or so play out to see some direction, but i was thinking this would end into another crap,flat day
I wouldn’t…
Think i’ll buy this dip