I don’t see us going that high yet… maybe in July sometime? But right now I’m thinking we rollover and head down next week as it’s a very bearish week. Possibly slightly higher tomorrow and then down? But NO new high yet.
Someone I know gave me a statistic about Wednesday’s that he backtested to the 1980’s. The stat’s are that any Wednesday of any given week only put in the high or low for that week just 7% of the time. The other 93% of the time the high or low was put in on Monday/Tuesday or Thursday/Friday.
His theory was that most of the time Wednesday’s are a “continuation” day. Meaning that whatever direction the market starts on Monday/Tuesday it goes through Wednesday and concludes on Thursday/Friday. Since we have put in a higher high today then Monday or Tuesday this suggests that Thursday (or Friday) should put in a higher high then today.
While that higher high could be just a penny or 10 points higher this does make me a little hesitate to short today into the close. The Fed’s also don’t like to be the blame for everything they created and caused. They want to be the hero for all the bad things that happen to us sheep.
Of course anyone with half a brain should figure it at that ALL wars are created for profit that allow the gangsters in the White House to act like Hero’s out to save us sheep from some big bad wolf in the middle east or wherever. The reality is that “they” are the big bad wolf and it’s all an illusion.
So we should expect the Fed’s to ACT like they are interested in our best interest in determining on “when” to raise interest rates. Naturally they will say it’s not their fault and they had to do it to save us sheep. We know it’s done to save their bankster buddies. Anyway, point being is that I find the market usually turns 1-2 days after a Fed meeting and NOT the day of the meeting.
Oops Love is now #0 with CAVS. #2 was born in Australia interestingly enough and has almost the identical birthday to LOVE though 0 is a couple of years older.
#2 is 1212 weeks 2 days old tomorrow.
Let’s see if LeBron and his CAVS get eliminated tonight. Kevin LOVE, #42, once again injured and missing the CAVS playoff run. In his place, the Aussie has been receiving a lot of the spotlight, media attention. LOVE does have the Beach Boys connection…..GO SLOW on Sunset Blvd.!!!!! He looks like he could be part of the BDA cult.
I did recently notice that SMOKY from the Big Lebowski wears a CAVS bowling shirt. SMOKY who has a problem going OVER THE LINE. “Smoky this isn’t NAM. There are rules here.”
Anyway, tomorrow is 7-7 ie 711 but I am not too sure if anything will materialize. A component of a certain little indicator is just bouncing around in minor negative territory. Might have to wait another week. But if there is hard turn down tomorrow might have to look at the LeBron #s.
I can understand the view.. but I disagree. It doesn’t take account of capital flows, QE, share buybacks… those are the key issues.. before this bubble blows up.
I don’t see us going that high yet… maybe in July sometime? But right now I’m thinking we rollover and head down next week as it’s a very bearish week. Possibly slightly higher tomorrow and then down? But NO new high yet.
I see the slopping down trend line on the SPY @ 215 area!
So I would guess they push it to that, then watch if we reverse or break above it
Someone I know gave me a statistic about Wednesday’s that he backtested to the 1980’s. The stat’s are that any Wednesday of any given week only put in the high or low for that week just 7% of the time. The other 93% of the time the high or low was put in on Monday/Tuesday or Thursday/Friday.
His theory was that most of the time Wednesday’s are a “continuation” day. Meaning that whatever direction the market starts on Monday/Tuesday it goes through Wednesday and concludes on Thursday/Friday. Since we have put in a higher high today then Monday or Tuesday this suggests that Thursday (or Friday) should put in a higher high then today.
While that higher high could be just a penny or 10 points higher this does make me a little hesitate to short today into the close. The Fed’s also don’t like to be the blame for everything they created and caused. They want to be the hero for all the bad things that happen to us sheep.
Of course anyone with half a brain should figure it at that ALL wars are created for profit that allow the gangsters in the White House to act like Hero’s out to save us sheep from some big bad wolf in the middle east or wherever. The reality is that “they” are the big bad wolf and it’s all an illusion.
So we should expect the Fed’s to ACT like they are interested in our best interest in determining on “when” to raise interest rates. Naturally they will say it’s not their fault and they had to do it to save us sheep. We know it’s done to save their bankster buddies. Anyway, point being is that I find the market usually turns 1-2 days after a Fed meeting and NOT the day of the meeting.
Looks like some chop going into the 2pm FOMC meeting, and then up into the close I suspect.
Oops Love is now #0 with CAVS. #2 was born in Australia interestingly enough and has almost the identical birthday to LOVE though 0 is a couple of years older.
#2 is 1212 weeks 2 days old tomorrow.
The CAVS Thrice missing in action…..#s2,23(5),42
Let’s see if LeBron and his CAVS get eliminated tonight. Kevin LOVE, #42, once again injured and missing the CAVS playoff run. In his place, the Aussie has been receiving a lot of the spotlight, media attention. LOVE does have the Beach Boys connection…..GO SLOW on Sunset Blvd.!!!!! He looks like he could be part of the BDA cult.
I did recently notice that SMOKY from the Big Lebowski wears a CAVS bowling shirt. SMOKY who has a problem going OVER THE LINE. “Smoky this isn’t NAM. There are rules here.”
Anyway, tomorrow is 7-7 ie 711 but I am not too sure if anything will materialize. A component of a certain little indicator is just bouncing around in minor negative territory. Might have to wait another week. But if there is hard turn down tomorrow might have to look at the LeBron #s.
Soon the bear will come out, but today’s he’s otherwise busy.
Soon the bear will come out, but today’s he’s otherwise busy. http://i.imgur.com/tddthiN.gif
okay… I looked.
I can understand the view.. but I disagree. It doesn’t take account of capital flows, QE, share buybacks… those are the key issues.. before this bubble blows up.