This has a very August ’11 feel to it. Declines followed by gap down opens that get retraced almost completely only to be followed by another down day etc. etc. etc.
Nasdaq 100 was already at its lower BB yesterday (without Apple in a similar situation) with the BB flaring open and down. Most indices did slightly pierce their April lows before bouncing today. Once they break those lows again, the freefalling should get fast and furious. Another reason for the “stalling” could be that the 10 day averages haven’t started to drop yet and the market can’t separate too far from the 10 day averages until they are in a better technical position.
Greece was down 6.67% on Monday and 2+% today on election fallout and $atg pierced its multi-year December low slightly today in what is appearing to be a crash pattern. I guess we could see a Euro exit soon from Greece while it’s still only 90% off its alltime high.
Italy,France, and Germany saw continued declines after their post election pops on Monday and they didn’t recover like the US market did. A Nice tell.
Everyone was calling for a bounce today as well even some of my gurus (calling for a daily cycle low in conflict with his weekly reversal signals…..does get me suspicious…..also with the unusual Monday update)
Gold currently is making a new low for the move (over the last few months)
I am looking for a quick sharp drop followed by a pop into the Facebook IPO but who knows. The 14th should be an important secondary top but so far its not looking like that.
The ignorant never learn until they are liquidated & returned to the sun from which they came.
The “rogue buyer” has been teal containment (the sun).
As the 512(888) ritual commences remember every buyer above $SPX 965.85 will be liquidated.
For those that forgot
10.11.2007 SPX all time high : 3.6.9 SPX 666 low = 512 CD
The 10.11 (111) all time high came during the week of 10.8.7′ (yes, as the 512 Ritual will dwarf the 10 of 87′ Ritual)
QE3(111) will launch after $SPX 965.85 is printed.
Agreed on the false flags… they are out in the open now and won’t happen. But the stock market should tank hard after this coming bounce into next week. Then in June it could chop sideways for a bit and then collapse again in July.
My original time window, May 18th thru towards the end of July was STRICTLY for the TRUTHS to be revealed. My major concern for the stock market is for later June into July period. I believe the markets will have some kind of major hick- up. major media coverage.
As for the Major terrorist attacks in London Japan ect, their will be NONE !!
Being that next week is “option expiration” and that the market usually bottoms the week prior to opx (this week)… and thirdly I see a complete “5 wave” pattern down with the market at some important support levels, I’d say that we could easily bounce all next week setting up wave 2 up.
This implies that wave 1 down (broken down into 5 smaller waves) is from the high on 05/01/2012 (during the most recent Legatus meeting) to the low being put in currently. There could be one more flush out move to the downside Wednesday morning but it’s looking like it wants to bounce here soon.
The bounce should continue into most of next week and once finished a wave 3 down should start. On a larger scale the high on 04/02/2012 to the low on 04/10/2012 makes up a larger wave 1 down, with wave 2 up completing at the high on 05/01/2012. This means that we are already in a larger wave 3 down with the wave 1 completing here soon.
Again, I see a 5 wave pattern in this wave 1 down, and after the wave 2 up completes we should be in a wave 3 down, inside a larger wave 3 down. This all is happening during this “mass arrest” period along with new terrorist threats by the cabal that are planned for May 22nd (according to the latest post from Ben Fulford).
I find it unlikely that the cabal will pull off another false flag event as now it’s been exposed, but the scary elliottwave count lining up with the technical analysis of the charts and all this terrorist stuff sure makes you wonder.
Let’s not forget this closing price of the VIX on last Friday as the gangsters always tell their insider buddies what’s coming next…
I’m hopeful that nothing will happen to Japan as they are a very peaceful people and don’t deserve the evil things the cabal has done to them. Now that this is exposed I feel that it won’t happen. But, the charts in the stock market are still extremely bearish for the whole month of May, so keep your eyes open for new FP’s that the gangsters put out to tell us where they plan to take the market too.
Mainstream Media Covers New Banking Legal Action..:)
http://kauilapele.wordpress.com/2012/05/08/mainstream-media-covers-new-banking-legal-action-outcry-against-banking-practices-with-michael-tellinger/
This has a very August ’11 feel to it. Declines followed by gap down opens that get retraced almost completely only to be followed by another down day etc. etc. etc.
Nasdaq 100 was already at its lower BB yesterday (without Apple in a similar situation) with the BB flaring open and down. Most indices did slightly pierce their April lows before bouncing today. Once they break those lows again, the freefalling should get fast and furious. Another reason for the “stalling” could be that the 10 day averages haven’t started to drop yet and the market can’t separate too far from the 10 day averages until they are in a better technical position.
Greece was down 6.67% on Monday and 2+% today on election fallout and $atg pierced its multi-year December low slightly today in what is appearing to be a crash pattern. I guess we could see a Euro exit soon from Greece while it’s still only 90% off its alltime high.
Italy,France, and Germany saw continued declines after their post election pops on Monday and they didn’t recover like the US market did. A Nice tell.
Everyone was calling for a bounce today as well even some of my gurus (calling for a daily cycle low in conflict with his weekly reversal signals…..does get me suspicious…..also with the unusual Monday update)
Gold currently is making a new low for the move (over the last few months)
I am looking for a quick sharp drop followed by a pop into the Facebook IPO but who knows. The 14th should be an important secondary top but so far its not looking like that.
Euro taking a dump tonight..There will be a time that ES acts like the Euro and keeps going down..
S&P 500 Analysis after closing bell:
http://niftychartsandpatterns.blogspot.in/2012/05/s-500-analysis-after-closing-bell_09.html
Any idea on when you see the lows coming in sundancecer390 ?
The ignorant never learn until they are liquidated & returned to the sun from which they came.
The “rogue buyer” has been teal containment (the sun).
As the 512(888) ritual commences remember every buyer above $SPX 965.85 will be liquidated.
For those that forgot
10.11.2007 SPX all time high : 3.6.9 SPX 666 low = 512 CD
The 10.11 (111) all time high came during the week of 10.8.7′ (yes, as the 512 Ritual will dwarf the 10 of 87′ Ritual)
QE3(111) will launch after $SPX 965.85 is printed.
Either way, it is going to be one very bumpy ride over the next 8 weeks.
Agreed on the false flags… they are out in the open now and won’t happen. But the stock market should tank hard after this coming bounce into next week. Then in June it could chop sideways for a bit and then collapse again in July.
My original time window, May 18th thru towards the end of July was STRICTLY for the TRUTHS to be revealed. My major concern for the stock market is for later June into July period. I believe the markets will have some kind of major hick- up. major media coverage.
As for the Major terrorist attacks in London Japan ect, their will be NONE !!
Here’s a quick 5 minute update on the SPY…
http://www.screencast.com/t/3fCxcMaAYJ
Being that next week is “option expiration” and that the market usually bottoms the week prior to opx (this week)… and thirdly I see a complete “5 wave” pattern down with the market at some important support levels, I’d say that we could easily bounce all next week setting up wave 2 up.
This implies that wave 1 down (broken down into 5 smaller waves) is from the high on 05/01/2012 (during the most recent Legatus meeting) to the low being put in currently. There could be one more flush out move to the downside Wednesday morning but it’s looking like it wants to bounce here soon.
The bounce should continue into most of next week and once finished a wave 3 down should start. On a larger scale the high on 04/02/2012 to the low on 04/10/2012 makes up a larger wave 1 down, with wave 2 up completing at the high on 05/01/2012. This means that we are already in a larger wave 3 down with the wave 1 completing here soon.
Again, I see a 5 wave pattern in this wave 1 down, and after the wave 2 up completes we should be in a wave 3 down, inside a larger wave 3 down. This all is happening during this “mass arrest” period along with new terrorist threats by the cabal that are planned for May 22nd (according to the latest post from Ben Fulford).
I find it unlikely that the cabal will pull off another false flag event as now it’s been exposed, but the scary elliottwave count lining up with the technical analysis of the charts and all this terrorist stuff sure makes you wonder.
Let’s not forget this closing price of the VIX on last Friday as the gangsters always tell their insider buddies what’s coming next…
http://screencast.com/t/mIkqbQsmX
I’m hopeful that nothing will happen to Japan as they are a very peaceful people and don’t deserve the evil things the cabal has done to them. Now that this is exposed I feel that it won’t happen. But, the charts in the stock market are still extremely bearish for the whole month of May, so keep your eyes open for new FP’s that the gangsters put out to tell us where they plan to take the market too.