I heard this song (by Moby) this morning and it appears to another great premonition song on par with Bradley’s ode to the ’29’92 ritual. And following the recent solar eclipse (and impending grand ritual), I don’t think it was a coincidence that it was played. I’ve heard this song before but what caught my attention this time was the singer repeatedly singing: “now that the sun is no more”.
It shows -6.66 over at Bloomberg and -6.74 at stock charts. +2.22 for the SP (at Bloomberg)
67 does seem to be a seasonal number though.
Well they ramped it into the close to make it scary for the bears. With some indices making new lows, they made it appear that divergent lows were being formed. And breadth ended up positive, even more positive than yesterday.
European markets were down +2.3% with crude oil dropping to a new low for its move. The Euro also dropped to a multi-month low and didn’t seem to bounce much with the other averages.
Hanging man wave 2 or the start of a new wave up? The doji followed by the hanging man is a topping pattern seen double 4 years ago but it was earlier in the timeline and wasn’t seen in such oversold conditions but maybe that’s what the operators want the bears to think.
Daily RSI is at the appropriate level but a day or two late??
And most indices did bull flips just by closing flat. Crude oil didn’t nor does it look like the euro indices did but I won’t see the charts for those over at SC for another hour or so.
I only use EW when I can match it up with the technical analysis of the overbought/oversold conditions of the market. So speculating on what wave count it we are in currently or will be in… is very hard too do.
There is too much manipulation in the market now, and just when you think you got the larger wave count figured out, they change the rules any blow your wave count out the door. I only see more selling based on the FP of the dollar “not” being hit yet, and the technical analysis of the charts.
The wave count is just guessing to me, but when it fits with the analysis of the various charts, the FP’s, and the ritual dates… I use it. Otherwise I just can’t get any accuracy out of elliottwave.
The biggest way to fool the bears here is to rally up until Friday and pullback some into the close to leave them guessing over the weekend. Not far enough up to think we had some type of ‘wave 2 (or 4?)” up… which should be 1350-1370, but just enough to get them to exit to the sidelines.
My best guess is in the 1338 to 1345 spx zone. Then pull back into the close Friday so the bears will think that this whole move up was an “A” wave, with a brief “B” down on Tuesday, followed by “C” wave up all of next week. I think that will be wrong and the “expected B wave” down Tuesday will continue until the dollar hits the FP of 86.47
I heard this song (by Moby) this morning and it appears to another great premonition song on par with Bradley’s ode to the ’29’92 ritual. And following the recent solar eclipse (and impending grand ritual), I don’t think it was a coincidence that it was played. I’ve heard this song before but what caught my attention this time was the singer repeatedly singing: “now that the sun is no more”.
Moby’s Lie Down in Darkness. Music video with the appropriate imagery:
http://www.youtube.com/watch?v=nd0_lmvIr44&ob=av3n
LOL… yes Darth it would be wrong not to mention it. Especially on this site!
market breadth was negative today. the SPX (weighted) did lead.
I’ll be convinced the bull is back, when breadth turns positive.
http://stockcharts.com/h-sc/ui?s=$BPSPX&p=D&yr=0&mn=2&dy=0&id=p54396180446
6.66 down on the DOW?
just had to stop by. it would be sacrilege NOT too.
SPX Analysis after close:
http://niftychartsandpatterns.blogspot.in/2012/05/s-500-analysis-after-closing-bell_24.html
Bam Investor is even long now….Makes sense…..free advice to followers. They even left us hanging Dallas cliffhanger style.
Bullfest everywhere….on all the major messageboards….
It shows -6.66 over at Bloomberg and -6.74 at stock charts. +2.22 for the SP (at Bloomberg)
67 does seem to be a seasonal number though.
Well they ramped it into the close to make it scary for the bears. With some indices making new lows, they made it appear that divergent lows were being formed. And breadth ended up positive, even more positive than yesterday.
European markets were down +2.3% with crude oil dropping to a new low for its move. The Euro also dropped to a multi-month low and didn’t seem to bounce much with the other averages.
Hanging man wave 2 or the start of a new wave up? The doji followed by the hanging man is a topping pattern seen double 4 years ago but it was earlier in the timeline and wasn’t seen in such oversold conditions but maybe that’s what the operators want the bears to think.
Daily RSI is at the appropriate level but a day or two late??
And most indices did bull flips just by closing flat. Crude oil didn’t nor does it look like the euro indices did but I won’t see the charts for those over at SC for another hour or so.
I only use EW when I can match it up with the technical analysis of the overbought/oversold conditions of the market. So speculating on what wave count it we are in currently or will be in… is very hard too do.
There is too much manipulation in the market now, and just when you think you got the larger wave count figured out, they change the rules any blow your wave count out the door. I only see more selling based on the FP of the dollar “not” being hit yet, and the technical analysis of the charts.
The wave count is just guessing to me, but when it fits with the analysis of the various charts, the FP’s, and the ritual dates… I use it. Otherwise I just can’t get any accuracy out of elliottwave.
The biggest way to fool the bears here is to rally up until Friday and pullback some into the close to leave them guessing over the weekend. Not far enough up to think we had some type of ‘wave 2 (or 4?)” up… which should be 1350-1370, but just enough to get them to exit to the sidelines.
My best guess is in the 1338 to 1345 spx zone. Then pull back into the close Friday so the bears will think that this whole move up was an “A” wave, with a brief “B” down on Tuesday, followed by “C” wave up all of next week. I think that will be wrong and the “expected B wave” down Tuesday will continue until the dollar hits the FP of 86.47
…