After the bounce in the market the dollar should reset its’ overbought conditions and make another leg higher. That leg should take us to the FP of 86.47 on it… which means the market will go down again.
The bounce might only last 3-5 days and could start next week. How high it goes is unknown, but when done I do expect another move down lower in the market. I’m just not sure yet how this June 19th-20th FOMC meeting fits in with the market? We won’t know until the FP on the dollar is hit, as I can then make a better guess of the direction after the meeting.
I never used this man(Lindsey Williams).I realy don’t like him,he is not a honest man.
As for the market,they have go down nicely since the beginning of May and it is possible we can see a kind of rebound but I dont think it will happen until after the election in grece.Grece bring to much uncertainty in the market.They will not push the market except little rebounds here and there before they know the result of the election in Grece.Crash market Crash.
The last time Lindsey Williams did his usual round of speaking engagements was when he was telling us the dollar was going to be devalued by 40% overnight. When that message came out the dollar had basically bottomed and was due for a bounce… which it did indeed bounce over the coming weeks that followed.
Then Lindsey went quiet until recently when he’s back out telling us sheep out the derivative market and the cracks in them that signal the market is about ready to crash. And once again the market is at or near a short term bottom and ready to bounce hard.
I realize that Lindsey is not a stock market trader and probably doesn’t know that he’s being used by the gangsters to lure the sheep into shorting when they should be going long, and going long when they should be shorting.
The same thing happened a year or two back when oil was topping and he was telling us sheep that the gangsters were going to take it up to $150.00-$200.00 per barrel by the end of 2012.
The problem is that while he’ll likely be right when his says these things the timing of the speak and the “fear” in his message gets a lot of sheep in trouble because they panic and trade based on emotions.
So what should you do? You should use Lindsey as a “contrition” and do the opposite when his message is delivered. Had Lindsey come out with this last “derivatives” panic message just before May the 1st when the market was topped I’d think differently. He is clearly being used to steal the money from the sheep and he probably doesn’t know it.
I told you months ago that there was a high probability that the market would top around the Legatus meeting in May or possibly June. It surprised me a little and topped during the meeting instead of after it, but none the less it did top. There is still a chance for another significant high in June coming and I suspect it will be around the FOMC meeting on the 19th-20th.
Now I’m not telling you to go long here, but a short term bottom is very near. Use Lindsey as your reverse indicator and also look at the extremely oversold short term charts. Unless they really do want to surprise us all and crash it now I’m going to stick with the crash starting around the next Legatus meeting this coming October.
I always see it 11:11 or 1:11 for years.I don’t know what it mean!
SPY early morning FP?
http://screencast.com/t/hcQQdOkd
You’ll see it a lot when you start noticing…
just saw 11:11 again on my clock …first time i look at it this morning.Funny
After the bounce in the market the dollar should reset its’ overbought conditions and make another leg higher. That leg should take us to the FP of 86.47 on it… which means the market will go down again.
The bounce might only last 3-5 days and could start next week. How high it goes is unknown, but when done I do expect another move down lower in the market. I’m just not sure yet how this June 19th-20th FOMC meeting fits in with the market? We won’t know until the FP on the dollar is hit, as I can then make a better guess of the direction after the meeting.
I never used this man(Lindsey Williams).I realy don’t like him,he is not a honest man.
As for the market,they have go down nicely since the beginning of May and it is possible we can see a kind of rebound but I dont think it will happen until after the election in grece.Grece bring to much uncertainty in the market.They will not push the market except little rebounds here and there before they know the result of the election in Grece.Crash market Crash.
The last time Lindsey Williams did his usual round of speaking engagements was when he was telling us the dollar was going to be devalued by 40% overnight. When that message came out the dollar had basically bottomed and was due for a bounce… which it did indeed bounce over the coming weeks that followed.
Then Lindsey went quiet until recently when he’s back out telling us sheep out the derivative market and the cracks in them that signal the market is about ready to crash. And once again the market is at or near a short term bottom and ready to bounce hard.
I realize that Lindsey is not a stock market trader and probably doesn’t know that he’s being used by the gangsters to lure the sheep into shorting when they should be going long, and going long when they should be shorting.
The same thing happened a year or two back when oil was topping and he was telling us sheep that the gangsters were going to take it up to $150.00-$200.00 per barrel by the end of 2012.
The problem is that while he’ll likely be right when his says these things the timing of the speak and the “fear” in his message gets a lot of sheep in trouble because they panic and trade based on emotions.
So what should you do? You should use Lindsey as a “contrition” and do the opposite when his message is delivered. Had Lindsey come out with this last “derivatives” panic message just before May the 1st when the market was topped I’d think differently. He is clearly being used to steal the money from the sheep and he probably doesn’t know it.
I told you months ago that there was a high probability that the market would top around the Legatus meeting in May or possibly June. It surprised me a little and topped during the meeting instead of after it, but none the less it did top. There is still a chance for another significant high in June coming and I suspect it will be around the FOMC meeting on the 19th-20th.
Now I’m not telling you to go long here, but a short term bottom is very near. Use Lindsey as your reverse indicator and also look at the extremely oversold short term charts. Unless they really do want to surprise us all and crash it now I’m going to stick with the crash starting around the next Legatus meeting this coming October.
Silver chart analysis:
http://niftychartsandpatterns.blogspot.in/2012/05/silver-chart-analysis_18.html
And to add one more ritual to FB, it’s set to open today around 11 am… which I suspect will end up being 11:11 am! LOL
Gold bounce from support level:
http://niftychartsandpatterns.blogspot.in/2012/05/gold-bounce-from-support-level.html