The LA Kings finally won the Stanley Cup after going up 3-0 in the series but finished at the more numerologically appropriate 4 games to 2.
The French Open Final was delayed due to rain until Monday and wouldn’t you know it, in LeCarre’s latest, Our Kind of Hero, our money-laundering hero Dima plays his tennis match against the idealistic Brit semi-hero in a rainstorm on the Monday following the French Open after signing over the first set of papers to the Prince, with the tennis match really a ruse to recruit him into the services of a special branch of British secret services and to deliver him from his expected fate at the hands of the Prince once he completely signs over his money laundering business to him. The rain had threatened that the actual meeting might not take place as poor Dima was constantly followed by bodyguards and the Prince’s entourage.
DIMA—-4-9-13-1 PRINCE 16-18-9-14-3-5
The THRICE made it to the NBA finals and played game 1 against OKC last night.
They flashed GG’s RIV at one point while they shot OKC’s #2 shooting free throws. In the background RIVERVIEW Stadium could be seen painted on the stadium rafters but #2’s head basically blocked out everything but RIV.
With 48.5 seconds left in the first quarter, the score hit a noticeable milestone as Miami led 29-20.
All the fans in OKC were wearing T-Shirst emblzoned by the work ONE (with OKC below but generally not viewable)—ONE the standard 29-5 combo (14+15)….see ONS Jr. Market….NONE—NOW…NO MORE….as in NOW that you’re alONE, the sun is NO MORE…
The score hit 87–81 (99–29) at 6:27 left in the 4th quarter.
The classic morning radio guys do love their 29s. They update the current time generally with 29s. I’ve heard them mention that it was 9 minutes before 9, 2 seconds after nine, and 7:29. They have a special segment every day at 8:15 am just like the Raven flew by everyday at that time in 127 hours. Yesterday’s theme was built around the KINGS after their championship. Today’s had something to do with China and they topped it off by playing a song from Hidden Dragon Crouching Tiger that was performed by YO_YO MA. I suspect YoYoMa was the codeword with the big hidden meaning since nothing else was noticeable. I’ve also seen YOYO MAs name popping up elsewhere lately.
I posted once and you shot down everything i said. I can see why others don’t post. Now if you were more accepting of other peoples forms of technical analysis (even though you may not agree with the tools they use) then maybe more people would post. For instance – I don’t say anything about your FP discussions, even though I don’t see but only a couple of them on the charts I use. This leaves me to believe it could be bad data and not real. This is your web page and I don’t have the right to tell you what to do but you did ask for other peoples thoughts and opinions. I know you meant regarding the market but… Today: I actually closed half my short position at 3:50 PM EST because the drop during the last hour started to slow down. During the day I watch ADV-DEC shares, Uvol-Dvol, tick and trin along with hourly charts but I pay attention to the volume per hour for signs of weakness in the move. If you want I will delete this post. Just let me know.
Industrial Production figures will be released on Friday but I am expecting something for tomorrow. I was surprised that today’s drop was so minor.
It is 1177 trading days from the 10-11-07 top and they even flashed a 7-11 substitution in today’s Germany-Holland match and it was a BIGTIME substitution (more on this later).
Better numerological cycles for tomorrow (obviously a 78-11 hit but even some better ones)
Spain, Ireland, Italy play tomorrow in the group of financial death bracket ie group FB. Spain vs. Ireland.
Holland was eliminated because it is too financially solvent. Germany moves to the playoff round because they provide all the backstops to the bailouts.
Russia and Poland played yesterday on 6-12 in Warsaw, Poland, on “Russia Day” and many Russians celebrated by marching from downtown Warsaw and holding up signs like “This is Russia”.
I have to tell you… This weekend is the Greek vote, then the two day Fed meeting. If Bernanke doesn’t come out with something.. ouch. We could take quite a shot. If he does.. the market looks like it’s setting up nicely for a big romp. I say we start moving UP.
Obviously we are already selling off toward the 1310 area now… instead of tomorrow. Therefore it’s anyone’s guess as to whether or not the lower trendline in this triangle will hold or fail?
The bulls had their chance today and failed to breakout. They traded sideways making a bull flag on the 4 hour chart for the ES Futures for a total of 5 candle bars. That’s a total of 20 hours stuck around one level. That’s just too long and the result is the breakdown we are having now.
The volume is medium, not light nor heavy… but this Euro vote scheduled for this Sunday could halt any advance and keep the market stuck in this triangle until Monday. That really sucks as going out to the very end of the apex and finally breaking out to one direction or the other makes for a hard call.
The daily chart still support more upside, but honestly it’s likely to be decided on Sunday nights vote. The daily could just as easily roll back down as it could continue higher. The weekly chart still supports a rally here as we’ve had 9 weeks of selling now and we need 3-5 weeks up for the larger wave 2 pattern to form.
Right now we are in week 2 of the rally. If the Euro vote is favorable then I suspect we’ll rally next week into Bernanke’s FOMC meeting on the 20th. Then we have a ritual “eleven” day on Friday the 22nd, which could start the sell off and end the wave 2 up… or it could be push out until the next ritual date the following Friday the 29th.
I just don’t know at this point as forecasting these daily moves inside this triangle is hard enough… let alone going out 2 weeks from now. But, I think we’ll see our top for this wave 2 up by either one of those ritual dates.
If it’s the 22nd then we will have had a 3 week rally… or if it’s the 29th then it will have been a 4 week rally. This all is pointing July starting our larger wave 3 down. Since the larger wave 1 down was from 1422 spx to 1266 spx (156 points), it should be one very scary sell off!
Remember, wave 3’s are commonly double wave 1’s… and are very violent! Of course the wild card here is “if” Bernanke announces QE3 this coming Wednesday the 20th. If so, then we are off to new highs and you can throw all these wave counts out the window!
I don’t personally think he will as I don’t think we have sold off enough yet. And there’s all that scary talk about the Illuminati bombing the Olympics in late July. That certainly would put a halt to any rally from QE3! I think they’ll do QE3 at much lower levels… probably sub-1,000 on the SPX.
Anyway, that’s all I got for now…
It would be nice for someone to post their thoughts and opinions as it’s getting boring talking to myself here. Is anyone even reading these updates? Does it help you in making trades and avoiding getting caught in the wrong position? I’m assuming everyone has their mental stop losses and bails out when a position isn’t going as planned. Well, enough typing for now…
Darth, I don’t like the looks of that chart of yours. It implies a new high if correct. I don’t see that coming, but anything is possible I guess? Personally I have my doubts on hitting 1370 spx, but that’s what I see in the charts. Of course I could be reading them wrong and we could rollover anytime now. But from the looks of today them seems to be holding this up while they reset the charts and allow a big squeeze move to happen.
We are breaking out now to the upside. Now is the last chance to get long and bailout of all shorts as I believe we are about to see a “C” wave up start… which should last all week and probably into next week.
The LA Kings finally won the Stanley Cup after going up 3-0 in the series but finished at the more numerologically appropriate 4 games to 2.
The French Open Final was delayed due to rain until Monday and wouldn’t you know it, in LeCarre’s latest, Our Kind of Hero, our money-laundering hero Dima plays his tennis match against the idealistic Brit semi-hero in a rainstorm on the Monday following the French Open after signing over the first set of papers to the Prince, with the tennis match really a ruse to recruit him into the services of a special branch of British secret services and to deliver him from his expected fate at the hands of the Prince once he completely signs over his money laundering business to him. The rain had threatened that the actual meeting might not take place as poor Dima was constantly followed by bodyguards and the Prince’s entourage.
DIMA—-4-9-13-1 PRINCE 16-18-9-14-3-5
The THRICE made it to the NBA finals and played game 1 against OKC last night.
They flashed GG’s RIV at one point while they shot OKC’s #2 shooting free throws. In the background RIVERVIEW Stadium could be seen painted on the stadium rafters but #2’s head basically blocked out everything but RIV.
With 48.5 seconds left in the first quarter, the score hit a noticeable milestone as Miami led 29-20.
All the fans in OKC were wearing T-Shirst emblzoned by the work ONE (with OKC below but generally not viewable)—ONE the standard 29-5 combo (14+15)….see ONS Jr. Market….NONE—NOW…NO MORE….as in NOW that you’re alONE, the sun is NO MORE…
The score hit 87–81 (99–29) at 6:27 left in the 4th quarter.
The classic morning radio guys do love their 29s. They update the current time generally with 29s. I’ve heard them mention that it was 9 minutes before 9, 2 seconds after nine, and 7:29. They have a special segment every day at 8:15 am just like the Raven flew by everyday at that time in 127 hours. Yesterday’s theme was built around the KINGS after their championship. Today’s had something to do with China and they topped it off by playing a song from Hidden Dragon Crouching Tiger that was performed by YO_YO MA. I suspect YoYoMa was the codeword with the big hidden meaning since nothing else was noticeable. I’ve also seen YOYO MAs name popping up elsewhere lately.
I posted once and you shot down everything i said. I can see why others don’t post. Now if you were more accepting of other peoples forms of technical analysis (even though you may not agree with the tools they use) then maybe more people would post. For instance – I don’t say anything about your FP discussions, even though I don’t see but only a couple of them on the charts I use. This leaves me to believe it could be bad data and not real. This is your web page and I don’t have the right to tell you what to do but you did ask for other peoples thoughts and opinions. I know you meant regarding the market but… Today: I actually closed half my short position at 3:50 PM EST because the drop during the last hour started to slow down. During the day I watch ADV-DEC shares, Uvol-Dvol, tick and trin along with hourly charts but I pay attention to the volume per hour for signs of weakness in the move. If you want I will delete this post. Just let me know.
Industrial Production figures will be released on Friday but I am expecting something for tomorrow. I was surprised that today’s drop was so minor.
It is 1177 trading days from the 10-11-07 top and they even flashed a 7-11 substitution in today’s Germany-Holland match and it was a BIGTIME substitution (more on this later).
Better numerological cycles for tomorrow (obviously a 78-11 hit but even some better ones)
Spain, Ireland, Italy play tomorrow in the group of financial death bracket ie group FB. Spain vs. Ireland.
Holland was eliminated because it is too financially solvent. Germany moves to the playoff round because they provide all the backstops to the bailouts.
Russia and Poland played yesterday on 6-12 in Warsaw, Poland, on “Russia Day” and many Russians celebrated by marching from downtown Warsaw and holding up signs like “This is Russia”.
I have to tell you… This weekend is the Greek vote, then the two day Fed meeting. If Bernanke doesn’t come out with something.. ouch. We could take quite a shot. If he does.. the market looks like it’s setting up nicely for a big romp. I say we start moving UP.
This is a very risky time.
Obviously we are already selling off toward the 1310 area now… instead of tomorrow. Therefore it’s anyone’s guess as to whether or not the lower trendline in this triangle will hold or fail?
The bulls had their chance today and failed to breakout. They traded sideways making a bull flag on the 4 hour chart for the ES Futures for a total of 5 candle bars. That’s a total of 20 hours stuck around one level. That’s just too long and the result is the breakdown we are having now.
The volume is medium, not light nor heavy… but this Euro vote scheduled for this Sunday could halt any advance and keep the market stuck in this triangle until Monday. That really sucks as going out to the very end of the apex and finally breaking out to one direction or the other makes for a hard call.
The daily chart still support more upside, but honestly it’s likely to be decided on Sunday nights vote. The daily could just as easily roll back down as it could continue higher. The weekly chart still supports a rally here as we’ve had 9 weeks of selling now and we need 3-5 weeks up for the larger wave 2 pattern to form.
Right now we are in week 2 of the rally. If the Euro vote is favorable then I suspect we’ll rally next week into Bernanke’s FOMC meeting on the 20th. Then we have a ritual “eleven” day on Friday the 22nd, which could start the sell off and end the wave 2 up… or it could be push out until the next ritual date the following Friday the 29th.
I just don’t know at this point as forecasting these daily moves inside this triangle is hard enough… let alone going out 2 weeks from now. But, I think we’ll see our top for this wave 2 up by either one of those ritual dates.
If it’s the 22nd then we will have had a 3 week rally… or if it’s the 29th then it will have been a 4 week rally. This all is pointing July starting our larger wave 3 down. Since the larger wave 1 down was from 1422 spx to 1266 spx (156 points), it should be one very scary sell off!
Remember, wave 3’s are commonly double wave 1’s… and are very violent! Of course the wild card here is “if” Bernanke announces QE3 this coming Wednesday the 20th. If so, then we are off to new highs and you can throw all these wave counts out the window!
I don’t personally think he will as I don’t think we have sold off enough yet. And there’s all that scary talk about the Illuminati bombing the Olympics in late July. That certainly would put a halt to any rally from QE3! I think they’ll do QE3 at much lower levels… probably sub-1,000 on the SPX.
Anyway, that’s all I got for now…
It would be nice for someone to post their thoughts and opinions as it’s getting boring talking to myself here. Is anyone even reading these updates? Does it help you in making trades and avoiding getting caught in the wrong position? I’m assuming everyone has their mental stop losses and bails out when a position isn’t going as planned. Well, enough typing for now…
My best guess for tomorrow…
http://screencast.com/t/QnB179r1
GOLD Trend update:
http://niftychartsandpatterns.blogspot.in/2012/06/gold-trend-update.html
Darth, I don’t like the looks of that chart of yours. It implies a new high if correct. I don’t see that coming, but anything is possible I guess? Personally I have my doubts on hitting 1370 spx, but that’s what I see in the charts. Of course I could be reading them wrong and we could rollover anytime now. But from the looks of today them seems to be holding this up while they reset the charts and allow a big squeeze move to happen.
New FP ALERT on Euro chart and update of next likely move…
http://screencast.com/t/JfqfRyV3n3D
We are breaking out now to the upside. Now is the last chance to get long and bailout of all shorts as I believe we are about to see a “C” wave up start… which should last all week and probably into next week.
http://screencast.com/t/aXnXZn8ZBKS