I find the timing of the JP Morgan news release to something well planned by the gangsters. It’s kinda like throwing one more old used tire in a fire that’s being burning for awhile already with the Fire Department having already made several trips over to see what’s going on. This time I don’t think they’ll return again.
I’ve seen this game before where they release some negative news right near the bottom of some sell off that’s been going on for awhile and due for a nice bounce. Doing it at the bottom usually limits the damage done to a stock as it’s already been selling off prior to the news and in an oversold condition.
Then there’s the typical thing that happens on the Friday before option expiration week where the market usually bottoms and then squeezes out all the shorts then following week making their puts expire worthless. This is another game the gangsters do very often and people seem to forget and think that it won’t happen this time again… yet it still does.
The news is 100% controlled by the gangsters as more negative news is put out the more I suspect a short term bottom is near. I can’t recall them ever releasing some really bad news about any company (or the economy in general) while the market is extremely overbought and ready to rollover.
In fact, just the opposite usually happens. They continue to release good news while the market is selling off day after day on light volume. By the time the news changes to bad the bottom is usually already in. Everyone is looking for the bounce on the way down to get short on, but it never comes.
Then the bad news is release to get everyone to short at the bottom right before they run it back up. They continue releasing bad news all the time the market is rallying back to get more bears to short so they have the fuel to squeeze them harder and rally higher. This happens time and time again, yet we traders seem to fall for it one more time.
So while I’m sure there will be some initial early morning selling on the JP Morgan news this morning, you shouldn’t be surprise if the low is put in today and we rally next week into option expiration… as this time you’ve been reminded again.
Yesterday, a few indices like $nya,$rut,$spx closed beneath their April lows and some like XLF closed right at the lower BBs in a precarious technical position and today followed with a small bounce and once again everyone is calling a bottom including a certain guru in the face of weekly reversal and very adamant about it. In a normal scenario tomorrow or the 14th would see a secondary top but I don’t see it happening with this JPM news. In fact we might finally see a gap down open that stays down for the session.
A certain little indicator is on the verge of breaking beneath its April lows while its internal component is far from oversold. It will take a miracle reversal by the open to prevent it from it continuing to head south and not accelerate.
neVermore quoteth the raVen to the JPM overlord………………
Just DO IT…..DO IT 4-15-9-20…….19-29??????
Rappin like a mofo’n stone age druid
Just like the Poe Ravens, I’m a fluid
Boltin’ from the 512 motel room redrum a boomin
Going back to L.E.S Manhattan Island
like Churchill in double ninen
and watch first hand the stock market go subsuming
while the ignorant masses see their speculative capital be a consumin’
as Quetzacoatl returns for the grand reunion.
Most of the sheep have been trained and programed to buy on the Dips. It will be very unfortunate for them in the near future. The loose is being tighten.
The bears are fully loaded on the boat now… so what happens next you should already know by now.
JP Morgan Support levels:
http://niftychartsandpatterns.blogspot.in/2012/05/jp-morgan-chase-support-levels.html
Silver weekly trend lines an update:
http://niftychartsandpatterns.blogspot.in/2012/05/silver-weekly-trend-lines-update.html
I find the timing of the JP Morgan news release to something well planned by the gangsters. It’s kinda like throwing one more old used tire in a fire that’s being burning for awhile already with the Fire Department having already made several trips over to see what’s going on. This time I don’t think they’ll return again.
I’ve seen this game before where they release some negative news right near the bottom of some sell off that’s been going on for awhile and due for a nice bounce. Doing it at the bottom usually limits the damage done to a stock as it’s already been selling off prior to the news and in an oversold condition.
Then there’s the typical thing that happens on the Friday before option expiration week where the market usually bottoms and then squeezes out all the shorts then following week making their puts expire worthless. This is another game the gangsters do very often and people seem to forget and think that it won’t happen this time again… yet it still does.
The news is 100% controlled by the gangsters as more negative news is put out the more I suspect a short term bottom is near. I can’t recall them ever releasing some really bad news about any company (or the economy in general) while the market is extremely overbought and ready to rollover.
In fact, just the opposite usually happens. They continue to release good news while the market is selling off day after day on light volume. By the time the news changes to bad the bottom is usually already in. Everyone is looking for the bounce on the way down to get short on, but it never comes.
Then the bad news is release to get everyone to short at the bottom right before they run it back up. They continue releasing bad news all the time the market is rallying back to get more bears to short so they have the fuel to squeeze them harder and rally higher. This happens time and time again, yet we traders seem to fall for it one more time.
So while I’m sure there will be some initial early morning selling on the JP Morgan news this morning, you shouldn’t be surprise if the low is put in today and we rally next week into option expiration… as this time you’ve been reminded again.
Red
Euro at a new low with gold not to far away from one itself.
Yesterday, a few indices like $nya,$rut,$spx closed beneath their April lows and some like XLF closed right at the lower BBs in a precarious technical position and today followed with a small bounce and once again everyone is calling a bottom including a certain guru in the face of weekly reversal and very adamant about it. In a normal scenario tomorrow or the 14th would see a secondary top but I don’t see it happening with this JPM news. In fact we might finally see a gap down open that stays down for the session.
A certain little indicator is on the verge of breaking beneath its April lows while its internal component is far from oversold. It will take a miracle reversal by the open to prevent it from it continuing to head south and not accelerate.
neVermore quoteth the raVen to the JPM overlord………………
Just DO IT…..DO IT 4-15-9-20…….19-29??????
Rappin like a mofo’n stone age druid
Just like the Poe Ravens, I’m a fluid
Boltin’ from the 512 motel room redrum a boomin
Going back to L.E.S Manhattan Island
like Churchill in double ninen
and watch first hand the stock market go subsuming
while the ignorant masses see their speculative capital be a consumin’
as Quetzacoatl returns for the grand reunion.
Where theirs smoke, theirs a fire in the making.
I think all this JPM story is alot bigger than they told us.We will see but may be shit just hit the fan.
Most of the sheep have been trained and programed to buy on the Dips. It will be very unfortunate for them in the near future. The loose is being tighten.