I don’t see it? Post a screen shot please. All I’m seeing our late fills from this mornings opening level. They are around 137 and change, but those aren’t FP’s… they are just late fills. What level are you seeing?
Check out thw FAT fp that just went in Spy. This will be the best crash ever. Last August they had to unwind $600 billion of Fed cash. This time it’s $2 trillion.
what is the pee pee incator saying now, banks stresss test should be fine and unemployment is 7% in us, not 8.3%. media is just telling us wrong (manipulation) because vix 14-15 means unemployment is 5%, I think our gov is hiding something from us
Basically, now that the 138.86 FP is hit and surpassed it’s time to exit all longs. I’ve learned from past mistakes that the FP’s are just a place where the market will go to, and not always the exact turning point. It’s like they are telling the insiders to start exiting all longs when the print is hit, as that is the generally area where it’s going to turn at.
They then chop around (going past the FP as retail’s join in) giving the gangsters a few days to bail out. I’m sure the are all doing just that right now… especially since the list of these crooks quitting is now up to 230.
I’d just exit all longs right now and wait for the first “topping tail” candle pattern to show up on the daily chart. Then I’d go short. That will be the day when all the shorts have been squeezed out and the last new retail bull has exhausted their ability to keep it going up. Then the sell off should start. My estimate is 2-3 days… this week I believe.
Now don’t get me wrong, I don’t think this is the beginning of P3 down. I still think their will be one more high in May/June after this sell off finishes. But, this should be a nice move down as my target is still 1300-1320 spx.
I had an old FP showing 118.16 on the DIA from several years back. When it finally hit on 02/08/2011, the market grinded higher for 8 more days before finally stopping at 120.71 (about 12,000 on the DOW). Then it sold off to 112.77 over the next 18 days, dropping about 800 DOW points. The same thing could happen here, although I don’t think it’s going to chop around for 8 more days… maybe 2-3 I’m guessing.
I don’t know how many days it’s going to take to clear out all the stops above the resistance zone of 1370, but since the market only spent one day on May 2nd, 2011 and 4 days between 2/28/2012 to 3/02/2012 in that zone I can’t imagine it will take more then 2-3 days clearing them out. That’s why I think it will put in a high this week.
I don’t see it? Post a screen shot please. All I’m seeing our late fills from this mornings opening level. They are around 137 and change, but those aren’t FP’s… they are just late fills. What level are you seeing?
Check out thw FAT fp that just went in Spy. This will be the best crash ever. Last August they had to unwind $600 billion of Fed cash. This time it’s $2 trillion.
“I think our gov is hiding something from us”… you mean “What are they hiding from us”, as it’s guaranteed that they are “hiding something”.
what is the pee pee incator saying now, banks stresss test should be fine and unemployment is 7% in us, not 8.3%. media is just telling us wrong (manipulation) because vix 14-15 means unemployment is 5%, I think our gov is hiding something from us
Basically, now that the 138.86 FP is hit and surpassed it’s time to exit all longs. I’ve learned from past mistakes that the FP’s are just a place where the market will go to, and not always the exact turning point. It’s like they are telling the insiders to start exiting all longs when the print is hit, as that is the generally area where it’s going to turn at.
They then chop around (going past the FP as retail’s join in) giving the gangsters a few days to bail out. I’m sure the are all doing just that right now… especially since the list of these crooks quitting is now up to 230.
I’d just exit all longs right now and wait for the first “topping tail” candle pattern to show up on the daily chart. Then I’d go short. That will be the day when all the shorts have been squeezed out and the last new retail bull has exhausted their ability to keep it going up. Then the sell off should start. My estimate is 2-3 days… this week I believe.
Now don’t get me wrong, I don’t think this is the beginning of P3 down. I still think their will be one more high in May/June after this sell off finishes. But, this should be a nice move down as my target is still 1300-1320 spx.
In this old FP (http://reddragonleo.com/wp-content/uploads/2010/04/DIA-misprint-03-31-2010.jpg) you will notice the “11’s” in the it. The “pre-market volume” shows 174 or “111” (1 and 7+4=11 or 111). also notice the time it showed up 05:06 or “11”.
I had an old FP showing 118.16 on the DIA from several years back. When it finally hit on 02/08/2011, the market grinded higher for 8 more days before finally stopping at 120.71 (about 12,000 on the DOW). Then it sold off to 112.77 over the next 18 days, dropping about 800 DOW points. The same thing could happen here, although I don’t think it’s going to chop around for 8 more days… maybe 2-3 I’m guessing.
Could be “dis-info” but I doubt it. It’s just that we don’t know the “code” on how to read the FP’s, not that they aren’t real.
You are getting very good at this Red.
I don’t know how many days it’s going to take to clear out all the stops above the resistance zone of 1370, but since the market only spent one day on May 2nd, 2011 and 4 days between 2/28/2012 to 3/02/2012 in that zone I can’t imagine it will take more then 2-3 days clearing them out. That’s why I think it will put in a high this week.