Oh well , just a nice crash to nail to load up on commodities before the devaluation. I’ll gladly take that. However, I have a lot of higher up friends, who said Obama, for re-election, is already a done deal. That’s why, to me, a dollar devaluation wouldn’t make sense until after November. A market crash wouldn’t make people hit the streets, at least I dont think so?, but a dollar collapse certainly will
Yes, I agree. It does seem unlikely to drop that far before October. So, that implies that we could see a huge “wave 3” down after the meeting and not QE3 and/or the Dollar Devaluation.
I’ve thought about this for awhile now, and this now seems more likely then what I wrote in the post. I just don’t see it dropping that hard and that low before the meeting… and just before the elections. Instead we could just have a wave 1 down and wave 2 up.
That would look better for the elections… regardless of which puppet they plan to have as the next president. Then maybe the dollar devaluation and/or QE3 happens after the next Legatus meeting in Feb. 2013?
Yeah, was going to bet pretty heavily when the fp was/is hit, bit 350 before October, while possible, seems a bit extreme. They wouldl need a fairly steady flow of bad news
If we don’t tank into the October Legatus meeting to bottom at the 1068 spx FP then it’s entirely possibly that we crash after that meeting. Hard to say right now but there doesn’t seem to be enough time left before the meeting to drop 350 points. So what if they just start the first wave 1 down and then back up for wave 2 into Legatus? Then the wave 3 down to follow should be very ugly.
ES at channel resistance:
http://niftychartsandpatterns.blogspot.in/2012/08/es-chart-analysis_16.html
Yeah, picked up a far out Sina call this morning, Doing pretty well.
Yes… very boring.
another boring day. I hope they dont chop like this throughout next week as well
SINA Chart analysis:
http://niftychartsandpatterns.blogspot.in/2012/08/sina-chart-analysis.html
Oh well , just a nice crash to nail to load up on commodities before the devaluation. I’ll gladly take that. However, I have a lot of higher up friends, who said Obama, for re-election, is already a done deal. That’s why, to me, a dollar devaluation wouldn’t make sense until after November. A market crash wouldn’t make people hit the streets, at least I dont think so?, but a dollar collapse certainly will
Yes, I agree. It does seem unlikely to drop that far before October. So, that implies that we could see a huge “wave 3” down after the meeting and not QE3 and/or the Dollar Devaluation.
I’ve thought about this for awhile now, and this now seems more likely then what I wrote in the post. I just don’t see it dropping that hard and that low before the meeting… and just before the elections. Instead we could just have a wave 1 down and wave 2 up.
That would look better for the elections… regardless of which puppet they plan to have as the next president. Then maybe the dollar devaluation and/or QE3 happens after the next Legatus meeting in Feb. 2013?
Yeah, was going to bet pretty heavily when the fp was/is hit, bit 350 before October, while possible, seems a bit extreme. They wouldl need a fairly steady flow of bad news
i’m expecting that jan wave down to get ugly. at least rsi 25 on the QQQ
If we don’t tank into the October Legatus meeting to bottom at the 1068 spx FP then it’s entirely possibly that we crash after that meeting. Hard to say right now but there doesn’t seem to be enough time left before the meeting to drop 350 points. So what if they just start the first wave 1 down and then back up for wave 2 into Legatus? Then the wave 3 down to follow should be very ugly.