If they do bomb the Olympic then the market will crash for a huge wave 1 down. Then QE3 will probably be announced to save the day and rally into the Legatus meeting… and to make the election go smoothly… regardless of which idiot they want to put in as the next puppet president.
Yes Permbear… I thinking just “hope” of QE3 (and maybe some secret QE2.5 injected in) that’s just enough to rally up to that downward sloping trendline coming in around the 1370-1385 range. Just get all the bulls hopes up for a new high and then… BAM! LOL!
Hard too tell TS, but I don’t think Bernanke will do anything but blow a lot of hot air out that gives some hope of QE3 to the markets. By the way, do “Reptilians” fog mirrors? We need to see if Bernanke is alive or not?
That fake print of the FTSE, would be indicative of a 50% move UP? That seems very hard to believe. I know some of these prints are probably softward feed glitches, but that one looked as real as a lot other effective ones we have seen. Ideas? Thoughts?
When did shoot down what you said? I welcome everyone’s opinion as no one can get them all right. I get some right and some wrong… that’s life. But I don’t every ban someone for their opinion. You are welcome to post your views regardless if I see something different.
Sorry that you took something I said the wrong way as it wasn’t meant to put you down or your opinion. I disagree with others from time to time but I don’t belittle their view. I just state mine and leave it at that. So post away if you want and I’ll agree or disagree with you, but it’s never personal… just some we see different.
Since I can’t see everything it’s easy to see how we could be on a different page. I don’t always catch the up/down volume so that information would help me (and you) to put all the pieces together to make a better decision.
Today for example was classic case where the news (the Euro vote this Sunday) is keeping the market in a zone and not allowing it to breakout strong or sell off strong. I’ve seen this before in the past but I failed to realize how important this news really is.
Most of the time the market would have already broke out or down by now, as it’s rare to go out this close to the end of the apex of any triangle formation. On the 60 minute chart there are now 5 hits on the overhead trendline of the triangle and 6 on the under-head trendline of support.
These patterns usually break one direction or the other by 4-5, not 5-6… and I think it’s going to stay in this range until the close on Friday, which will probably make it 6,7, or 8 hits. Very rare, but it is what it is…
Your technical outlook is welcome as it can only add to the group as one person can’t see it all. Since you follow the volume, please do let everyone know if you see any large volume spike in the dollar as that will likely be the signal that a big move in one direction or the other is coming.
Yeah, its hard tto see a QE3 in july and then an olympic bombing. There symbolism is certainly everywhere for the games, so its certainly something worth betting on, but that means would only rally for a month, or less, if QE3 were announced, and i’m not even sure i would rebound. I think they’re going to kill the dollar by the yar end, so July makes sense…But,I guess they could possibly do it a bit after such an event? hard to call. I think the vote will go well and we’ll have a rally though. Today was quite rocky. We tested both resistance levels though, so I guess its all up to Sunday?
The face and semi-face of the 4Letter are already out in San Francisco for the US Open. Now they get a chance to determine whether the Burger Joint in Frisco is as good as the semi-face said some time back. Hopefully as good as the good old IN AND OUT (if I recall correctly Malcomn McDowell used this phrase in Clockwork Oranger).
The U.S. Open to be played at the Olympic Club in San Francisco this week. But I could have sworn that the face and semi-face mentioned late June and the Bayonet course. Since I am not well-versed in golf this all sort of passed by me ( and above my head).
The Bayonet course is near Monterey not San Francisco but Frisco isn’t far away.
I heard the announcer of the German-Netherlands game mention the parting of xxxxx sea in regards to the Dutch defense on a failed German goal attempt……..
Hmmmmmmmmmm…….just a few days after I mentioned the Dutch defense parted like the Red Sea and let Denmark’s #9 dribble up to the goalie and put in an point-blank goal Sunday. To be then immediately hugged by teammate #11 (9-11). The Dutch superstar Robben #11 also did a 9-11 hug in today’s highlights (or highlights from last Sunday????). Robben though was the one who was inexplicably subbed for today by #7 while his team was down 2-1. I guess the rituals take precedence even with soccer superstars. Robben #11 then pranced around the stadium in a not very cheerful mood.
But the semi-face is scheduled to do the broadcast on Thursday. (tomorrow)
hey Red !
Yes, its looking like next Wed/Friday as the peak. Fri’22, might make for a kooky peak, that’d give a 5 days for the C’ wave up.. to around the 1350/60 area.
I suppose if the fed extended QE-twist, we might even briefly hit 1370/80 – that’d certainly fit with the inverse H/S right now.
If they do bomb the Olympic then the market will crash for a huge wave 1 down. Then QE3 will probably be announced to save the day and rally into the Legatus meeting… and to make the election go smoothly… regardless of which idiot they want to put in as the next puppet president.
Yes Permbear… I thinking just “hope” of QE3 (and maybe some secret QE2.5 injected in) that’s just enough to rally up to that downward sloping trendline coming in around the 1370-1385 range. Just get all the bulls hopes up for a new high and then… BAM! LOL!
Hard too tell TS, but I don’t think Bernanke will do anything but blow a lot of hot air out that gives some hope of QE3 to the markets. By the way, do “Reptilians” fog mirrors? We need to see if Bernanke is alive or not?
That fake print of the FTSE, would be indicative of a 50% move UP? That seems very hard to believe. I know some of these prints are probably softward feed glitches, but that one looked as real as a lot other effective ones we have seen. Ideas? Thoughts?
Donnie,
When did shoot down what you said? I welcome everyone’s opinion as no one can get them all right. I get some right and some wrong… that’s life. But I don’t every ban someone for their opinion. You are welcome to post your views regardless if I see something different.
Sorry that you took something I said the wrong way as it wasn’t meant to put you down or your opinion. I disagree with others from time to time but I don’t belittle their view. I just state mine and leave it at that. So post away if you want and I’ll agree or disagree with you, but it’s never personal… just some we see different.
Since I can’t see everything it’s easy to see how we could be on a different page. I don’t always catch the up/down volume so that information would help me (and you) to put all the pieces together to make a better decision.
Today for example was classic case where the news (the Euro vote this Sunday) is keeping the market in a zone and not allowing it to breakout strong or sell off strong. I’ve seen this before in the past but I failed to realize how important this news really is.
Most of the time the market would have already broke out or down by now, as it’s rare to go out this close to the end of the apex of any triangle formation. On the 60 minute chart there are now 5 hits on the overhead trendline of the triangle and 6 on the under-head trendline of support.
These patterns usually break one direction or the other by 4-5, not 5-6… and I think it’s going to stay in this range until the close on Friday, which will probably make it 6,7, or 8 hits. Very rare, but it is what it is…
Your technical outlook is welcome as it can only add to the group as one person can’t see it all. Since you follow the volume, please do let everyone know if you see any large volume spike in the dollar as that will likely be the signal that a big move in one direction or the other is coming.
Yeah, its hard tto see a QE3 in july and then an olympic bombing. There symbolism is certainly everywhere for the games, so its certainly something worth betting on, but that means would only rally for a month, or less, if QE3 were announced, and i’m not even sure i would rebound. I think they’re going to kill the dollar by the yar end, so July makes sense…But,I guess they could possibly do it a bit after such an event? hard to call. I think the vote will go well and we’ll have a rally though. Today was quite rocky. We tested both resistance levels though, so I guess its all up to Sunday?
The face and semi-face of the 4Letter are already out in San Francisco for the US Open. Now they get a chance to determine whether the Burger Joint in Frisco is as good as the semi-face said some time back. Hopefully as good as the good old IN AND OUT (if I recall correctly Malcomn McDowell used this phrase in Clockwork Oranger).
The U.S. Open to be played at the Olympic Club in San Francisco this week. But I could have sworn that the face and semi-face mentioned late June and the Bayonet course. Since I am not well-versed in golf this all sort of passed by me ( and above my head).
The Bayonet course is near Monterey not San Francisco but Frisco isn’t far away.
I heard the announcer of the German-Netherlands game mention the parting of xxxxx sea in regards to the Dutch defense on a failed German goal attempt……..
Hmmmmmmmmmm…….just a few days after I mentioned the Dutch defense parted like the Red Sea and let Denmark’s #9 dribble up to the goalie and put in an point-blank goal Sunday. To be then immediately hugged by teammate #11 (9-11). The Dutch superstar Robben #11 also did a 9-11 hug in today’s highlights (or highlights from last Sunday????). Robben though was the one who was inexplicably subbed for today by #7 while his team was down 2-1. I guess the rituals take precedence even with soccer superstars. Robben #11 then pranced around the stadium in a not very cheerful mood.
But the semi-face is scheduled to do the broadcast on Thursday. (tomorrow)
Red, that is the FTSE European ‘top 100’ share index.
It is NOT about the Euro currency.
see: http://stockcharts.com/c-sc/sc?s=$EUR&p=D&yr=0&mn=8&dy=0&i=t57684135041&r=1339631942976
hey Red !
Yes, its looking like next Wed/Friday as the peak. Fri’22, might make for a kooky peak, that’d give a 5 days for the C’ wave up.. to around the 1350/60 area.
I suppose if the fed extended QE-twist, we might even briefly hit 1370/80 – that’d certainly fit with the inverse H/S right now.
good wishes
For the USS IOWA from a few days ago, they played a “patriotic” song from De Souza.