The market topped on August 11th in 2008 in the previous election cycle. And the rally off the July lows into that high featured a similar upward chop. Tomorrow is 1766 days from 10-11-2007 high not today as I had mentioned. I thought that date was a Wednesday but it was a Thursday.
Cobra’s Nasdaq total volume to Nyse total volume chart/ratio remained at the exteme 2.9 level over the last few days. Today, it dropped slightly to 2.77, still quite extreme. Reviewing Cobra’s chart, the extreme spikes in this ratio usually has a one day lead time at the quickest before the market drops. Sometimes the drop is immediate, but this seems to occur when the market is already in downtrend.
Another basically unchanged reading in the McOscillator. Is the big move put off another day?
Today’s candle for the SP and Dow was very ugly for the bears but volatility continued to lessen as the market has traded in a very tight range the last four days. Three day margin calls should have taken force by now as well.
Currencies and some commodities looked like they put in hanging man patterns.
Venus is in cancer now so there is now a cardinal grand cross set up although Mars and Saturn in Libra won’t form an exact square with the planets in the other cardinal signs.
I woke up at around daybreak and went walking around for 40 plus minutes trying to see the heliacal rising of Sirius again but couldn’t find it. I could see the nearby mountain so the sky was clear enough but I am guessing the haze and the inversion layer is obscuring it. It might be better to get up earlier when it is completely dark to see if I can see it.
I guess that’s why the insiders designed an observatory in the middle of nowhere along the U.S Canadian border.
Jupiter and Venus seem to be perfectly aligned and pointing down directly at Sirius. The moon above both isn’t as aligned. The moon should have been in Taurus 25,26 then, 15 degrees off of Jupiter which is about 22 degrees from Venus.
But it is quiet biblical. Like the 3 kings pointing towards the Bethlehem star. Jupiter is in the area of the 3 kings or Roosterland.
I guess the metaphor though is it’s the Dark Knight that is rising.
Tomorrow at daybreak, the moon should be above Jupiter and by Sunday, it will be quite close to Venus.
I miswrote last night when I wrote the Moon was entering Cancer today. It is entering Gemini. It still hasn’t passed Jupiter.
The moon currently is passing over the Pleiades now over the next hour or two. I am not too sure of their exact location. I have seen Taurus 29 or Gemini 0 degrees. It enters Gemini at 4:11 pm or 1:11 local time according to artcharts.
QQQ Weekend update:
http://niftychartsandpatterns.blogspot.in/2012/08/qqq-weekend-update.html
GOOGLE Weekend update:
http://niftychartsandpatterns.blogspot.in/2012/08/google-weekend-update.html
LUCKY DAYS are here again!!!!!!!!
The market topped on August 11th in 2008 in the previous election cycle. And the rally off the July lows into that high featured a similar upward chop. Tomorrow is 1766 days from 10-11-2007 high not today as I had mentioned. I thought that date was a Wednesday but it was a Thursday.
Cobra’s Nasdaq total volume to Nyse total volume chart/ratio remained at the exteme 2.9 level over the last few days. Today, it dropped slightly to 2.77, still quite extreme. Reviewing Cobra’s chart, the extreme spikes in this ratio usually has a one day lead time at the quickest before the market drops. Sometimes the drop is immediate, but this seems to occur when the market is already in downtrend.
Another basically unchanged reading in the McOscillator. Is the big move put off another day?
Today’s candle for the SP and Dow was very ugly for the bears but volatility continued to lessen as the market has traded in a very tight range the last four days. Three day margin calls should have taken force by now as well.
Currencies and some commodities looked like they put in hanging man patterns.
Venus is in cancer now so there is now a cardinal grand cross set up although Mars and Saturn in Libra won’t form an exact square with the planets in the other cardinal signs.
I woke up at around daybreak and went walking around for 40 plus minutes trying to see the heliacal rising of Sirius again but couldn’t find it. I could see the nearby mountain so the sky was clear enough but I am guessing the haze and the inversion layer is obscuring it. It might be better to get up earlier when it is completely dark to see if I can see it.
I guess that’s why the insiders designed an observatory in the middle of nowhere along the U.S Canadian border.
Jupiter and Venus seem to be perfectly aligned and pointing down directly at Sirius. The moon above both isn’t as aligned. The moon should have been in Taurus 25,26 then, 15 degrees off of Jupiter which is about 22 degrees from Venus.
But it is quiet biblical. Like the 3 kings pointing towards the Bethlehem star. Jupiter is in the area of the 3 kings or Roosterland.
I guess the metaphor though is it’s the Dark Knight that is rising.
Tomorrow at daybreak, the moon should be above Jupiter and by Sunday, it will be quite close to Venus.
GET WISER BRO!!!HAPPY B-DAY
lol
I miswrote last night when I wrote the Moon was entering Cancer today. It is entering Gemini. It still hasn’t passed Jupiter.
The moon currently is passing over the Pleiades now over the next hour or two. I am not too sure of their exact location. I have seen Taurus 29 or Gemini 0 degrees. It enters Gemini at 4:11 pm or 1:11 local time according to artcharts.