Things are just lining up perfectly for something nasty to turn this market over hard… If we hit that 140-141 area, on the 7th, i’m going to presume there’s a big possibility that the false flag may occur
3 small down days off a high was troublesome but four off a high to form a bear flip much more comforting. But the decline off of last July started off similarly.
Anyway, notice the KNIGHT trading fiasco’s similarity to the DARK KNIGHT motif. On the eve of the official rising. The KNIGHTS have a 127/ 703 year anniversary coming up as well.
The Dax closed at 6606.09 18-9 or 29 or 39 or 46s????
Bear flips everywhere today in the U.S. indices (except $rut and $transports where they already existed). Only Apple didn’t perform one but maybe that comes tomorrow.
But the spectacular action was in the European indices where not only did they do bear flips but they put in massive bearish engulfing reversal bars. Most were at new multi-month highs early in their session before reversing down on the ECB’s inaction/ lack of follow-through on its tough talk from last week. $dax and $cac were down 2+% while the Ibex was down 5% and MIB was down 4+%. The euro markets have been leading both up and down and its hard for me to see those down days get reversed tomorrow. The euro and australian dollar also with spectacular reversals.
A certain little indicator dropped below last week’s lows as it heads towards no-mans land and from there to debacle territory.
Rally up some tomorrow likely as most short term charts are oversold now. But, I’d wouldn’t be surprised if the drop in the morning first (to lure in some late bears and trap them) and then rally the rest of the day.
Crude oil chart analysis:
http://niftychartsandpatterns.blogspot.in/2012/08/crude-oil-descending-triangle.html
Thiniking we peek on the 7th. Maybe a 140 spy call
No dip this time Anthony, just a rally to squeeze the bears.
Damn, not looking like we’ll dip at first
recall FP TVIX at 11.11!!! can this be on 8/12/12. 8+1+2 / 8+1+2
Things are just lining up perfectly for something nasty to turn this market over hard… If we hit that 140-141 area, on the 7th, i’m going to presume there’s a big possibility that the false flag may occur
3 small down days off a high was troublesome but four off a high to form a bear flip much more comforting. But the decline off of last July started off similarly.
Anyway, notice the KNIGHT trading fiasco’s similarity to the DARK KNIGHT motif. On the eve of the official rising. The KNIGHTS have a 127/ 703 year anniversary coming up as well.
The Dax closed at 6606.09 18-9 or 29 or 39 or 46s????
Bear flips everywhere today in the U.S. indices (except $rut and $transports where they already existed). Only Apple didn’t perform one but maybe that comes tomorrow.
But the spectacular action was in the European indices where not only did they do bear flips but they put in massive bearish engulfing reversal bars. Most were at new multi-month highs early in their session before reversing down on the ECB’s inaction/ lack of follow-through on its tough talk from last week. $dax and $cac were down 2+% while the Ibex was down 5% and MIB was down 4+%. The euro markets have been leading both up and down and its hard for me to see those down days get reversed tomorrow. The euro and australian dollar also with spectacular reversals.
A certain little indicator dropped below last week’s lows as it heads towards no-mans land and from there to debacle territory.
Rally up some tomorrow likely as most short term charts are oversold now. But, I’d wouldn’t be surprised if the drop in the morning first (to lure in some late bears and trap them) and then rally the rest of the day.
On the weekly chart the Bulls need to recapture this horizontal trendline at 1370.39 SPX by the close this Friday…
http://screencast.com/t/atA1itPshY