The volume is so light here that there is little chance any selling will stick. I’m going to go out on a limb here and say that low is probably in already. While we still could go down to the 1400 area I’m thinking that today’s low of 1406.78 spx is most likely the low.
To me, this looks a lot like the end of the month from March of this year. I’m not sure where we are in that pattern but I think we are on 3/29, or possibly 3/22? Either way I think we are going to turn back up and peak on Monday the 27th.
Why? Because that’s a ritual “eleven” day just like 4/2 was. And also, just like I said yesterday, they rarely go straight down after giving the bears so much time to get short. They must go down a little first and then back up to squeeze those early bears out. Then go down for real.
So, if we don’t peak on the 27th then I’ll be looking for another ritual “eleven” date in September for the peak to happen on.
people still have not woke up to the crap that the Fed is pulling. Completley enslaved to them.
Truly sad BH… but that’s the matrix we live in I guess.
When that breaks out it’s going to be great
More bullshit from the FED…
GOLD Resistance levels:
http://niftychartsandpatterns.blogspot.in/2012/08/gold-resistance-levels_23.html
The volume is so light here that there is little chance any selling will stick. I’m going to go out on a limb here and say that low is probably in already. While we still could go down to the 1400 area I’m thinking that today’s low of 1406.78 spx is most likely the low.
To me, this looks a lot like the end of the month from March of this year. I’m not sure where we are in that pattern but I think we are on 3/29, or possibly 3/22? Either way I think we are going to turn back up and peak on Monday the 27th.
Why? Because that’s a ritual “eleven” day just like 4/2 was. And also, just like I said yesterday, they rarely go straight down after giving the bears so much time to get short. They must go down a little first and then back up to squeeze those early bears out. Then go down for real.
So, if we don’t peak on the 27th then I’ll be looking for another ritual “eleven” date in September for the peak to happen on.
SILVER Resistance levels:
http://niftychartsandpatterns.blogspot.in/2012/08/silver-resistance-levels_22.html
I think that small, temporary rollover is about to begin… still have some doubts about hitting 137 though.
Yeah, unfortunate that its what people look at to judge a “recovery”. Real unemployment is in the 20% ballpark
Reality and the stock market are on opposite sides of the coin…