Here is an excerpt from Ray Bradbury’s Leviathan ’99, a reworking of Melville’s Moby Dick and set in the year 2099 (39!!!!). Published in 2007, it is the story of Ismael who embarks on spaceship CETUS 7 (WHALE) for a journey beyond the stars.
From page 137 in chapter 2:
“One lost voice recited,” David Smith, lost near Mars, July 2050.”
And a third, sonorous, again and again, “Robert Hinkston, killed by meteor swarn, 2063(29), buried in space.”
The occultists seem to love the Moby Dick storyline. Bradbury even wrote the screenplay for the John Huston screen version. I see Moby (The Sun will BE NO MORE) probably got his name from the novel. Starbucks as well.
Hmmm… from 1380 spx top to 1329 spx low, which is 51 points. Not exactly the average 65 points but we shouldn’t expect an exact match. Again, I now see 5 waves inside this 51 point move down, and we are now getting a bottoming tail on the 2 hour chart. It’s quite possible that the bottom is in now and we are about to start an ABC up tomorrow.
Hard too say for sure? Since we are setting right on that 1330 zone of support it could go either way. A flat open or a gap down tomorrow should give us that last push to around 1315 spx. A gap up tomorrow and the bottom could be in. If it does gap up then it should fall back down to put in a “higher low”… which would be the signal to exit all shorts and let the bulls have some fun for awhile.
I wouldn’t go long though, but instead let the first “A wave” up show itself first. Then let the “B down” play out, and finally get long for the “C wave” up… which should go into next week I’d think. The “A” up could simply go to around 1350 (which I’d think would be a good short for the “B” wave down, or the start of some other wave I missed).
Either way, the safer play is to short the rips now as I do believe the high was put in around 1380 spx last week.
one AAPL scenario, to catch everyone off guard, you know how they like to be cruel! up 18 in ah, down 20 pre-market, Folks probably already know all the other scenarios.
Could go either way Zstock? I was talking to Anna about that just an hour ago. She’s bearish on them and I am too. But I will say that because we are so near a bottom in the overall market now it they could put out good earnings to end the sell off and rally the whole market. Hard too say either way?
Crude oil update:
http://niftychartsandpatterns.blogspot.in/2012/07/crude-oil-update_25.html
hmm.. short this open again? worked great yesterday
Here is an excerpt from Ray Bradbury’s Leviathan ’99, a reworking of Melville’s Moby Dick and set in the year 2099 (39!!!!). Published in 2007, it is the story of Ismael who embarks on spaceship CETUS 7 (WHALE) for a journey beyond the stars.
From page 137 in chapter 2:
“One lost voice recited,” David Smith, lost near Mars, July 2050.”
Another higher softer said, “Elizabeth Ball, adrift beyond Jupiter, 2087”.
(10-7)
And a third, sonorous, again and again, “Robert Hinkston, killed by meteor swarn, 2063(29), buried in space.”
The occultists seem to love the Moby Dick storyline. Bradbury even wrote the screenplay for the John Huston screen version. I see Moby (The Sun will BE NO MORE) probably got his name from the novel. Starbucks as well.
SPX Analysis after close:
http://niftychartsandpatterns.blogspot.in/2012/07/s-500-analysis-after-closing-bell_25.html
Get a Cannon ready!!!!!! (Hunger Games reference)
Definitely staged David
Hmmm… from 1380 spx top to 1329 spx low, which is 51 points. Not exactly the average 65 points but we shouldn’t expect an exact match. Again, I now see 5 waves inside this 51 point move down, and we are now getting a bottoming tail on the 2 hour chart. It’s quite possible that the bottom is in now and we are about to start an ABC up tomorrow.
Hard too say for sure? Since we are setting right on that 1330 zone of support it could go either way. A flat open or a gap down tomorrow should give us that last push to around 1315 spx. A gap up tomorrow and the bottom could be in. If it does gap up then it should fall back down to put in a “higher low”… which would be the signal to exit all shorts and let the bulls have some fun for awhile.
I wouldn’t go long though, but instead let the first “A wave” up show itself first. Then let the “B down” play out, and finally get long for the “C wave” up… which should go into next week I’d think. The “A” up could simply go to around 1350 (which I’d think would be a good short for the “B” wave down, or the start of some other wave I missed).
Either way, the safer play is to short the rips now as I do believe the high was put in around 1380 spx last week.
one AAPL scenario, to catch everyone off guard, you know how they like to be cruel! up 18 in ah, down 20 pre-market, Folks probably already know all the other scenarios.
CSCO, stopped out, NEXT TRADE…forget this one. might go to 14 on competition from VMW. my goodness, if VMW can do network switching in the cloud, and not with hardware, anyway here’s the article
VMW + Nicira = ‘Sea Change’ in Networking, Says Street
http://blogs.barrons.com/techtraderdaily/2012/07/24/vmw-and-nicira-sea-change-in-networking-says-street/?mod=yahoobarrons
Could go either way Zstock? I was talking to Anna about that just an hour ago. She’s bearish on them and I am too. But I will say that because we are so near a bottom in the overall market now it they could put out good earnings to end the sell off and rally the whole market. Hard too say either way?