Looking at all 3 of those charts San, I’d be a buyer normally… as we know the Fed’s are keeping the market up and it’s hitting support area’s right now. But, with tomorrow being a ritual “eleven” day, I’d pass on buying this support level.
It could bounce, and it could not bounce. Best to move to cash until we see what tomorrow brings. My guts tells me it’s another down day, but the charts say it should bounce from support. We’ll see tomorrow I guess?
Notice how silver is selling off today? There were some big down days in the past that were “eleven” days. There was 04/29/2011, 08/22/2011, 09/22/2011, and most recently 02/29/2012. There were other sell off days that weren’t “eleven” days of course, and those dates listed weren’t always the “top” date. But a sell off does seem to happen around these “eleven” days… so pay attention.
Good to see you again PW… and I do agree that Lindsey isn’t to be used as a timing mechanism. I’m sure the gangsters use him to release information when it suits them best.
You say that they won’t pay out on “puts”… how about “calls” on gold and silver? Or do you think those will crash too when the market does? Personally, I don’t see Gold and Silver rallying up when the market crashes as I think big institutions will be hit with margin calls and have to liquidate their gold and silver to cover.
That means we could easily see the 949 FP on Gold be hit… and then Bernanke will likely come in and devalue the dollar 40% overnight, which will stop gold’s fall and cause it to rally hard. From there I don’t think we’ll see it stop rallying for a long, long time.
If I were going to short this market for a “possible” move down to the new FP of 1269.00 ES… today would be the day. Why? Because tomorrow is another ritual day, as it’s the 29th… or 2+9=11. Of course the charts need to line up with being extremely overbought for the ritual dates to work, and other clues must be given… which were (the new 1269 FP).
The market is also knocking on the door of the old April, 2008 high, which should provide some resistance I’d think. You add that up with the new FP, the ritual day tomorrow, and the FP matching up with the 50MA on the weekly and 200MA on the Daily… I’d say we have a good shot at selling off here.
I agree with you BigHouse. I believe any time from April 15th into the July period is the most auspicious time for the markets to finally crack wide open since the 1930s
Arch Crawford says the July period is the most dangerous time for the markets to explode. He does not think that any puts or other shorting instruments will ever be payed out.
The elite will not be the ones who drop the markets. It will be the internal markets that finally give way because of all the derivatives that finally explode. This will cause massive ruptures thru out our antiquated financial system.
This will be a blessing indisquised. Shortly after wards, a new financial system will be put in place based on integrity. No more corruption. As it is, their will be massive amount of arrest over the next few months with those who have manipulated the financial system. I am looking forward to both the arrest and the massive melt down in our markets.
Our markets are like the Great Roman Empire. As you know from history, the Roman Empire caved in on its self due to corruption.
Looking at all 3 of those charts San, I’d be a buyer normally… as we know the Fed’s are keeping the market up and it’s hitting support area’s right now. But, with tomorrow being a ritual “eleven” day, I’d pass on buying this support level.
It could bounce, and it could not bounce. Best to move to cash until we see what tomorrow brings. My guts tells me it’s another down day, but the charts say it should bounce from support. We’ll see tomorrow I guess?
SPY Hour charts:
http://niftychartsandpatterns.blogspot.in/2012/03/spy-hour-chart-analysis_28.html
Notice how silver is selling off today? There were some big down days in the past that were “eleven” days. There was 04/29/2011, 08/22/2011, 09/22/2011, and most recently 02/29/2012. There were other sell off days that weren’t “eleven” days of course, and those dates listed weren’t always the “top” date. But a sell off does seem to happen around these “eleven” days… so pay attention.
Good to see you again PW… and I do agree that Lindsey isn’t to be used as a timing mechanism. I’m sure the gangsters use him to release information when it suits them best.
You say that they won’t pay out on “puts”… how about “calls” on gold and silver? Or do you think those will crash too when the market does? Personally, I don’t see Gold and Silver rallying up when the market crashes as I think big institutions will be hit with margin calls and have to liquidate their gold and silver to cover.
That means we could easily see the 949 FP on Gold be hit… and then Bernanke will likely come in and devalue the dollar 40% overnight, which will stop gold’s fall and cause it to rally hard. From there I don’t think we’ll see it stop rallying for a long, long time.
If I were going to short this market for a “possible” move down to the new FP of 1269.00 ES… today would be the day. Why? Because tomorrow is another ritual day, as it’s the 29th… or 2+9=11. Of course the charts need to line up with being extremely overbought for the ritual dates to work, and other clues must be given… which were (the new 1269 FP).
The market is also knocking on the door of the old April, 2008 high, which should provide some resistance I’d think. You add that up with the new FP, the ritual day tomorrow, and the FP matching up with the 50MA on the weekly and 200MA on the Daily… I’d say we have a good shot at selling off here.
Crude oil charts:
http://niftychartsandpatterns.blogspot.in/2012/03/crude-oil-chart-analysis_28.html
Google chart analysis:
http://niftychartsandpatterns.blogspot.in/2012/03/google-chart-analysis.html
With the dreadful FP’s of a month ago, I don’t see ANYONE getting paid out. Puts, people or otherwise.
Exactly.
I agree with you BigHouse. I believe any time from April 15th into the July period is the most auspicious time for the markets to finally crack wide open since the 1930s
Arch Crawford says the July period is the most dangerous time for the markets to explode. He does not think that any puts or other shorting instruments will ever be payed out.
The elite will not be the ones who drop the markets. It will be the internal markets that finally give way because of all the derivatives that finally explode. This will cause massive ruptures thru out our antiquated financial system.
This will be a blessing indisquised. Shortly after wards, a new financial system will be put in place based on integrity. No more corruption. As it is, their will be massive amount of arrest over the next few months with those who have manipulated the financial system. I am looking forward to both the arrest and the massive melt down in our markets.
Our markets are like the Great Roman Empire. As you know from history, the Roman Empire caved in on its self due to corruption.
Good luck every one !