Monday is 66 weeks from the PI episode of 2011 for some of you Chicago theorists. (ala the Simpson’s video).
Last year’s Transformers had the epic battle scene against the aliens/transformers set in the Chicago downtown.
The new Avengers movie is almost the identical same movie to last year’s Transformers. It’s as if they were both incubated in the same think tank. Very bizarre. The big battle scenes with the aliens vs. Avengers with some Alien battleships identical to the ones in Transformers (the burrowing worm like ships) takes place on L.E.S. Manhattan Island.
There still should be a quick short squeeze DG (aka GG… LOL), and it should happen next week. Those trendlines of support are old and strong. They shouldn’t break without a few days bounce I believe.
13 down days on the SnP, where’s my short squeeeze?
frankly, I’m ready to lay down and roll away.
long and short.
I’d have better chances pulling a coin out of a fish.
A certain component of a certain indicator made a slightly lower low today. So either we see a bloodbath on Monday or a bounce and maybe this component puts in a little wave 4. A bounce allows for a greater bloodbath to follow. Gold has already bounced for a couple of days and even the euro bounced today.
So was today’s bar a continuation red bar or a bottoming bar. Since the big 3 indices haven’t even pierced their 200 day averages, I think a bounce is the more likely scenario. SP can bounce up to 1330 without even producing a TD bull flip.
The model from double 4 years ago calls for a bounce on Monday.
The FB IPO is not intended to “move” the markets. It is merely a marking point and also allows the insiders to unload their early investment at huge profit to the public. All designed by plan before the markets take a tumble. I think what might happen is you will see an initial stage one “flash crash” from out of nowhere that takes investors by surprise and the market stabilizes and recovers somewhat before a much bigger market collapse occurs later on.
According to Martin Armstrong’s computer model it is signalling a potential Panic cycle scheduled for June (meaning June or July) in the DOW, along with huge increase in Volatility later on in Oct.
So maybe something does happen in that 2-day Fed meeting in Jun 19-20 with news that surprises the market and that is used as a catalyst for a sudden big down draft that is only temporary.
Gold and silver is also predicted to continue to test new lows heading into June so investors and traders should take advantage of this current rally since it is not the bottom yet, despite the ridiculous blood bath occurring in precious metals and the mining company stocks during the past several months.
There is another “eleven” day on the 29th and if next week pauses while riding the support line it could collapse the follow week. I just think these 2 trendlines should give the market some support for a little while before breaking down through them completely http://screencast.com/t/psTiMJhhegO
Monday is 66 weeks from the PI episode of 2011 for some of you Chicago theorists. (ala the Simpson’s video).
Last year’s Transformers had the epic battle scene against the aliens/transformers set in the Chicago downtown.
The new Avengers movie is almost the identical same movie to last year’s Transformers. It’s as if they were both incubated in the same think tank. Very bizarre. The big battle scenes with the aliens vs. Avengers with some Alien battleships identical to the ones in Transformers (the burrowing worm like ships) takes place on L.E.S. Manhattan Island.
Are these movies foreshadowing????
changed my alias. gold is dead IMHO until it gets above the 150MA daily.
I agree with Geccko on the monday bloodbath.
if it is, I’ll be watching this chart for a signal to exit.
http://stockcharts.com/h-sc/ui?s=SDS&p=D&yr=0&mn=9&dy=0&id=p98506937524
There still should be a quick short squeeze DG (aka GG… LOL), and it should happen next week. Those trendlines of support are old and strong. They shouldn’t break without a few days bounce I believe.
13 down days on the SnP, where’s my short squeeeze?
frankly, I’m ready to lay down and roll away.
long and short.
I’d have better chances pulling a coin out of a fish.
A certain component of a certain indicator made a slightly lower low today. So either we see a bloodbath on Monday or a bounce and maybe this component puts in a little wave 4. A bounce allows for a greater bloodbath to follow. Gold has already bounced for a couple of days and even the euro bounced today.
So was today’s bar a continuation red bar or a bottoming bar. Since the big 3 indices haven’t even pierced their 200 day averages, I think a bounce is the more likely scenario. SP can bounce up to 1330 without even producing a TD bull flip.
The model from double 4 years ago calls for a bounce on Monday.
The FB IPO is not intended to “move” the markets. It is merely a marking point and also allows the insiders to unload their early investment at huge profit to the public. All designed by plan before the markets take a tumble. I think what might happen is you will see an initial stage one “flash crash” from out of nowhere that takes investors by surprise and the market stabilizes and recovers somewhat before a much bigger market collapse occurs later on.
According to Martin Armstrong’s computer model it is signalling a potential Panic cycle scheduled for June (meaning June or July) in the DOW, along with huge increase in Volatility later on in Oct.
So maybe something does happen in that 2-day Fed meeting in Jun 19-20 with news that surprises the market and that is used as a catalyst for a sudden big down draft that is only temporary.
Gold and silver is also predicted to continue to test new lows heading into June so investors and traders should take advantage of this current rally since it is not the bottom yet, despite the ridiculous blood bath occurring in precious metals and the mining company stocks during the past several months.
http://www.pcworld.com/article/255836/facebook_ipo_cynics_and_comics_react.html#tk.rss_news
There is another “eleven” day on the 29th and if next week pauses while riding the support line it could collapse the follow week. I just think these 2 trendlines should give the market some support for a little while before breaking down through them completely http://screencast.com/t/psTiMJhhegO
Not looking good for bulls, as major weekly support levels are broken…
http://screencast.com/t/psTiMJhhegO
If they close today green that will reset the “down days in a row” back to zero and allow for more selling on Monday… and all of next week!