Doesn’t leave any room to wiggle much, does it San? It kinda forces a gap up out of the wedge and over the 60 minute moving average, or a gap down to collapse through the 100ma on the Daily chart. Which will it be?
I don’t see it affecting the overall market much as it’s weight isn’t enough to move anything right now. Just look to commodities to rally first, as they usually lead the way. Also watch the leader stocks that the gangsters use to pump the market with (like Apple, IBM, Exxon…)
Good morning gang, and see some of you have been busy stating your differences of opinions… which is fine by the way. I don’t ban anyone on this blog as I truly do believe in freedom of speech. Hate me, like me, or love me… I don’t care. You are welcome to say anything you want… good or bad.
You will not be asked or forced to leave my me, but of your own free will. I can only state my opinions, interpretations, and views of the matrix we live in. You are free to do the same, and aren’t restricted by any rules. There are no rules of what you can or should say here on this blog.
Since I have an opinion about the market, I’d like to state it here again. The market is very oversold right now and due a powerful short squeeze. Tomorrow Bernanke speaks (although I don’t think he’ll say anything new) and usually FOMC days are bullish.
Add those two things with an “option expiration week”, and you have high odds of a rally into the rest of the week. Will it happen… I’m not sure yet? This first half of the day should gives the clues we need. If the bulls can get some traction here in the morning when the volume is the heaviest and not collapse below support, the rest of the day should be easy for them.
Light volume is the bulls best weapon, and that’s usually after about 11:30 am to around 3:00 pm. They just need to hold their ground here and the bears will tire out in a couple of hours and go to lunch.
So, if I were short right now I’d probably exit and go to cash. It’s not safe to go long yet, but the bears have just about worn out their welcome now.
I too agree with you that the 40% Dollar Devaluation will happen when QE3 starts. But, there must be a crash first so that they will have a good enough reason to start QE3. The people are fed up with these bailouts as they have awoken now and see that the money just goes to the banksters.
If you crash the market, the people will accept another bailout as they will see that it’s needed to save them… of course it won’t really save them (it will save the banksters again) but the illusion of it will appear that way.
Regarding the stock market after June, I don’t see why there will be a crash. Remember Lindsey Williams mentioned before that there will be plenty of foods but people can’t afford to buy? Remember that he also said the USD will be devalued by 40%? I say there will be massive QE3 that will cause exactly such outcomes. That instead of crashing, the stock market will make a new high.
Regarding Wilcock, I believe he is sincere but I still find the “plan” that the world will be taken over by the “good guys” hard to believe. And that people like rothschild and rockefeller actually get prosecuted is simply too hard to believe.
Their?? Its there. And illutionary? Its illusionary. And I went on record at 1397 and change when I went short and all in at that point. But for all the weeks of waiting, its only 56 s and P points down. Nothing to retire on I can assure you. IN FACT.
The real hidden secret of traders is this. Its almost impossible to live off trading. WHY? Because you have to make 200% a year, not 100%, taxes and getting ahead and all that. So its a much, much tougher way to make money than any suggest. Of course the one firm out of the US, that controls the affiliate networks that represent pretty well ALL of the investment reports and newsletters fails to reveal that.
And you in turn are an oversensitive fellow who takes things too personally. And on top of that your supposed discernment may in fact be a ruse for an association with the ridiculous white knights that Red has just exposed as being just more of the same.
Take your blanket and run if you want Linus, its not unexpected, but do come back, you are so entertaining.
Doesn’t leave any room to wiggle much, does it San? It kinda forces a gap up out of the wedge and over the 60 minute moving average, or a gap down to collapse through the 100ma on the Daily chart. Which will it be?
QQQ Chart Analysis:
http://niftychartsandpatterns.blogspot.in/2012/05/qqq-chart-analysis.html
I don’t see it affecting the overall market much as it’s weight isn’t enough to move anything right now. Just look to commodities to rally first, as they usually lead the way. Also watch the leader stocks that the gangsters use to pump the market with (like Apple, IBM, Exxon…)
So how will the IPO of facebook play into all of this, if at all?
Good morning gang, and see some of you have been busy stating your differences of opinions… which is fine by the way. I don’t ban anyone on this blog as I truly do believe in freedom of speech. Hate me, like me, or love me… I don’t care. You are welcome to say anything you want… good or bad.
You will not be asked or forced to leave my me, but of your own free will. I can only state my opinions, interpretations, and views of the matrix we live in. You are free to do the same, and aren’t restricted by any rules. There are no rules of what you can or should say here on this blog.
Since I have an opinion about the market, I’d like to state it here again. The market is very oversold right now and due a powerful short squeeze. Tomorrow Bernanke speaks (although I don’t think he’ll say anything new) and usually FOMC days are bullish.
Add those two things with an “option expiration week”, and you have high odds of a rally into the rest of the week. Will it happen… I’m not sure yet? This first half of the day should gives the clues we need. If the bulls can get some traction here in the morning when the volume is the heaviest and not collapse below support, the rest of the day should be easy for them.
Light volume is the bulls best weapon, and that’s usually after about 11:30 am to around 3:00 pm. They just need to hold their ground here and the bears will tire out in a couple of hours and go to lunch.
So, if I were short right now I’d probably exit and go to cash. It’s not safe to go long yet, but the bears have just about worn out their welcome now.
I too agree with you that the 40% Dollar Devaluation will happen when QE3 starts. But, there must be a crash first so that they will have a good enough reason to start QE3. The people are fed up with these bailouts as they have awoken now and see that the money just goes to the banksters.
If you crash the market, the people will accept another bailout as they will see that it’s needed to save them… of course it won’t really save them (it will save the banksters again) but the illusion of it will appear that way.
Apple chart analysis:
http://niftychartsandpatterns.blogspot.in/2012/05/apple-chart-analysis_15.html
Silver trend update:
http://niftychartsandpatterns.blogspot.in/2012/05/silver-trend-update.html
Regarding the stock market after June, I don’t see why there will be a crash. Remember Lindsey Williams mentioned before that there will be plenty of foods but people can’t afford to buy? Remember that he also said the USD will be devalued by 40%? I say there will be massive QE3 that will cause exactly such outcomes. That instead of crashing, the stock market will make a new high.
Regarding Wilcock, I believe he is sincere but I still find the “plan” that the world will be taken over by the “good guys” hard to believe. And that people like rothschild and rockefeller actually get prosecuted is simply too hard to believe.
Their?? Its there. And illutionary? Its illusionary. And I went on record at 1397 and change when I went short and all in at that point. But for all the weeks of waiting, its only 56 s and P points down. Nothing to retire on I can assure you. IN FACT.
The real hidden secret of traders is this. Its almost impossible to live off trading. WHY? Because you have to make 200% a year, not 100%, taxes and getting ahead and all that. So its a much, much tougher way to make money than any suggest. Of course the one firm out of the US, that controls the affiliate networks that represent pretty well ALL of the investment reports and newsletters fails to reveal that.
And you in turn are an oversensitive fellow who takes things too personally. And on top of that your supposed discernment may in fact be a ruse for an association with the ridiculous white knights that Red has just exposed as being just more of the same.
Take your blanket and run if you want Linus, its not unexpected, but do come back, you are so entertaining.