They will just put out new FP’s I’d say. First we should go to the 137.00 SPY FP from 2 weeks ago…. and we hit it yesterday. Also yesterday gave us a new FP of 137.30, which we will probably hit tomorrow.
After that we “could” head down for awhile but at some point I think we’re going back up and topping near that Legatus turn date May 2nd-4th. Then down for the first big wave 1, and back up in Sept/Oct for the rigged elections.
That would be wave 2 up… followed by wave 3 down starting after the October Legatus meeting (10th-21st), which will be the really ugly one!
It does seem pointless to play this market right now. It’s not going anywhere but slowly (very slowly) up. Hard to be a bull at these levels. Only the insiders know the final date and level that the bulls end at.
Of course, the high comes in tomorrow. 2 24 2012=11
ah crap, went in for 10% short. Couldn’t stand the thought of being left out of that kind of a party.
They will just put out new FP’s I’d say. First we should go to the 137.00 SPY FP from 2 weeks ago…. and we hit it yesterday. Also yesterday gave us a new FP of 137.30, which we will probably hit tomorrow.
After that we “could” head down for awhile but at some point I think we’re going back up and topping near that Legatus turn date May 2nd-4th. Then down for the first big wave 1, and back up in Sept/Oct for the rigged elections.
That would be wave 2 up… followed by wave 3 down starting after the October Legatus meeting (10th-21st), which will be the really ugly one!
What about the fake prints?
LOL… it’s about rituals you know. Also about cycles. I still think we top in May and then head down. And again, Santa won’t be coming this year.
And I probably will watch it come and GO. Because as you know, I have never met anyone who………….
Resistance line of IBM:
http://niftychartsandpatterns.blogspot.in/2012/02/ibm-resistance-line.html
Looks like we are going up to hit the latest FP from yesterday of 137.30 spy.
Wow! Feels like the market is crashing here! The SPX is down a whole 2-3 points! Amazing!
It does seem pointless to play this market right now. It’s not going anywhere but slowly (very slowly) up. Hard to be a bull at these levels. Only the insiders know the final date and level that the bulls end at.