Did you get a screenshot as I have Ameritrade, not Schwab… so I don’t have access to see it. It’s not showing up on my “Think or Swim” charts with Ameritrade or the “Prophet” charts either.
Obviously I’m going to be wrong on the time frame for this call as we are selling off nicely now. If we bounce of that rising trendline in this screenshot ( http://screencast.com/t/EEMTtdtQQ ) I posted earlier then it shouldn’t hit that 135.71 until possibly this Friday or next Monday. I still see the rally up coming, but it’s looking more and more like they are putting in the right shoulder today before they go for the FP on the SPY.
I’ve stated before that FP’s aren’t always a “turning point”, but only a point that they plan to take the market to at some unknown time in the future. Most larger prints do seem to be “turning points” but I doubt that this one will be. I think we’ll rally up to it, pause, and then continue up more toward the 1370 area.
Possibly the FP is just the target for this Friday as it’s an “option expiration” week and they have to tell their insider buddies where they plan to take it to so they can steal money from us sheep to pay for their cocaine and hooker parties at the Hampton’s when the next long weekend comes along?
The post I’m speaking of is titled “Lindsey Williams Tells Us When The Stock Market Is Going To Collapse!”. It’s a long post and the video is 3/4 of the way down the page. But yes, I now believe that Drake isn’t correct on this mass arrest thing and that’s it’s not going to happen.
As for the stock market selling off, it did indeed top at the Legatus meeting and has been selling off ever since then. It’s not a crash, but a sell off. The crash will likely start at the next meeting this coming October.
Read the comments on the newest posts as I’m there everyday trying to figure out the next move. Some I get right, and some I get wrong… that’s life. I try to update everyone as things changes so they can get into and out of any position they are in. No one gets the all right… except the gangsters of course.
It’s entirely possible that we’ll never go down to 1290-1300 to make the right shoulder of this “inverted head and shoulders” pattern that is forming now. Maybe I’m just seeing that pattern because they want me too (and everyone else)… which means that today’s sell off could be making the 2nd right shoulder and both of them are just much more shallow then the 2 left shoulders.
If that’s the case then once the sell off ends, we’ll just keep on going past the 135.71 SPY print on the move back up, and head up toward that 1370 spx zone for a final top of this larger wave 2 up. What if this is how the H&S pattern is going to play out…
I have been following your posts for several months now and you haven’t gotten ANYTHING right yet!
1. Timetable for arrests and collapse of the Cabal set for the first of June – nope didn’t happen.
2. Collapse of the stock market after the Catholic meeting then after the Bilderberger meeting- nope that didn’t happen either
Studying the VXX right now (the fear gauge) it looks ready to pop higher very soon. Today it bottomed out and put in a nice reversal candle on the 4h chart. This is going to make it harder for them to get up to 135.71 on the SPY as I don’t think we’ll put in a lower low on this VXX.
So, if we put in a higher high on the SPX and ES but don’t put in a lower low on the VXX, this is a clear divergence between the two of them. This will indicate that the high in the market well likely be in for awhile.
This could give us our move down from that 135.71 (about 1357 spx) to put in our “B” wave down… or more? It really depends on the “when” part as “if” this market tops on a ritual eleven date it could end this larger wave 2 up (that should last 3-5 weeks).
But, my gut (and the charts) tell me that the coming sell off will only be a “B” wave down that should stop around 1290-1300 and then a “C” up should continue to meet that downward sloping trendline which I think will intersect with the horizontal trendline around 1370 spx.
The timing of it will be tough but I’m really thinking that we’ll top a day or so after Bernanke speaks at the FOMC meeting this coming 20th of June. It’s common to rally in front of these meeting in the hope of some good news (like QE3). The old saying is… “Buy the rumor, Sell the news”, and I think it will hold true this time around again.
Based on what I’m seeing the charts right now I do believe the “operators” are going to turn this market back up soon. They are holding it on an important rising trendline while the overbought short term charts reset.
So, while we could dip one more time to put in a slightly lower low or double bottom (odds don’t favor another move down) I think we will rally into tomorrow and Wednesday. I’d give it a 70% chance that we’ll rally up to the FP of 135.71 by Wednesday/Thursday.
I’m expecting this sell off to turn around and go back up later today/tomorrow
and continue the rally up to the FP. The highest we got so far today is 134.25
and the FP is for 135.71 (about 1357 spx),
yes that was last night. It showed the ASK at $13 for 1800 shares … whatever that means??
Did you get a screenshot as I have Ameritrade, not Schwab… so I don’t have access to see it. It’s not showing up on my “Think or Swim” charts with Ameritrade or the “Prophet” charts either.
Red – the FP on TVIX @13 was from SCHWAB StreetSmart Edge chart.
Obviously I’m going to be wrong on the time frame for this call as we are selling off nicely now. If we bounce of that rising trendline in this screenshot (
http://screencast.com/t/EEMTtdtQQ ) I posted earlier then it shouldn’t hit that 135.71 until possibly this Friday or next Monday. I still see the rally up coming, but it’s looking more and more like they are putting in the right shoulder today before they go for the FP on the SPY.
I’ve stated before that FP’s aren’t always a “turning point”, but only a point that they plan to take the market to at some unknown time in the future. Most larger prints do seem to be “turning points” but I doubt that this one will be. I think we’ll rally up to it, pause, and then continue up more toward the 1370 area.
Possibly the FP is just the target for this Friday as it’s an “option expiration” week and they have to tell their insider buddies where they plan to take it to so they can steal money from us sheep to pay for their cocaine and hooker parties at the Hampton’s when the next long weekend comes along?
I wrote another post about the same thing. I now believe that it was “just a smoke screen”. Go to my site to read it and watch that video. The link is
http://reddragonleo.com/2012/05/13/world-wide-currency-collapse-is-coming-soon-and-no-one-can-escape-says-lindsey-williams/ .
The post I’m speaking of is titled “Lindsey Williams Tells Us When The Stock Market Is Going To Collapse!”. It’s a long post and the video is 3/4 of the way down the page. But yes, I now believe that Drake isn’t correct on this mass arrest thing and that’s it’s not going to happen.
As for the stock market selling off, it did indeed top at the Legatus meeting and has been selling off ever since then. It’s not a crash, but a sell off. The crash will likely start at the next meeting this coming October.
Read the comments on the newest posts as I’m there everyday trying to figure out the next move. Some I get right, and some I get wrong… that’s life. I try to update everyone as things changes so they can get into and out of any position they are in. No one gets the all right… except the gangsters of course.
Here’s another thought…
It’s entirely possible that we’ll never go down to 1290-1300 to make the right shoulder of this “inverted head and shoulders” pattern that is forming now. Maybe I’m just seeing that pattern because they want me too (and everyone else)… which means that today’s sell off could be making the 2nd right shoulder and both of them are just much more shallow then the 2 left shoulders.
If that’s the case then once the sell off ends, we’ll just keep on going past the 135.71 SPY print on the move back up, and head up toward that 1370 spx zone for a final top of this larger wave 2 up. What if this is how the H&S pattern is going to play out…
http://screencast.com/t/EEMTtdtQQ
I have been following your posts for several months now and you haven’t gotten ANYTHING right yet!
1. Timetable for arrests and collapse of the Cabal set for the first of June – nope didn’t happen.
2. Collapse of the stock market after the Catholic meeting then after the Bilderberger meeting- nope that didn’t happen either
Come on man give it a rest.
Studying the VXX right now (the fear gauge) it looks ready to pop higher very soon. Today it bottomed out and put in a nice reversal candle on the 4h chart. This is going to make it harder for them to get up to 135.71 on the SPY as I don’t think we’ll put in a lower low on this VXX.
So, if we put in a higher high on the SPX and ES but don’t put in a lower low on the VXX, this is a clear divergence between the two of them. This will indicate that the high in the market well likely be in for awhile.
This could give us our move down from that 135.71 (about 1357 spx) to put in our “B” wave down… or more? It really depends on the “when” part as “if” this market tops on a ritual eleven date it could end this larger wave 2 up (that should last 3-5 weeks).
But, my gut (and the charts) tell me that the coming sell off will only be a “B” wave down that should stop around 1290-1300 and then a “C” up should continue to meet that downward sloping trendline which I think will intersect with the horizontal trendline around 1370 spx.
The timing of it will be tough but I’m really thinking that we’ll top a day or so after Bernanke speaks at the FOMC meeting this coming 20th of June. It’s common to rally in front of these meeting in the hope of some good news (like QE3). The old saying is… “Buy the rumor, Sell the news”, and I think it will hold true this time around again.
Based on what I’m seeing the charts right now I do believe the “operators” are going to turn this market back up soon. They are holding it on an important rising trendline while the overbought short term charts reset.
So, while we could dip one more time to put in a slightly lower low or double bottom (odds don’t favor another move down) I think we will rally into tomorrow and Wednesday. I’d give it a 70% chance that we’ll rally up to the FP of 135.71 by Wednesday/Thursday.
I’m expecting this sell off to turn around and go back up later today/tomorrow
and continue the rally up to the FP. The highest we got so far today is 134.25
and the FP is for 135.71 (about 1357 spx),