Tomorrow will be 4-10 or 41 or 14 and 14-15 and 56 two different ways. Quite impressive (146 as well). See the Black Friday song and the grey men jumping from the 14th floor……
But more likely according to one traditional measure, it should mark a top or transition day before the turn.
But we still need to see a 12 and the Miami Thrice, Tebow numbers so tomorrow doesn’t suffice. I guess the Greeks made their IMF payment today but I’ve seen no confirmation so far.
My thoughts are that we’ll have a Primary Wave 4 down of 200+ points some time this year, possibly from May? Then we’ll rally up to insane highs going into most of 2016 for Primary Wave 5 up. Then I think we’ll top in the 4th quarter of 2016 and end the bull market from the 2009 low. That means 2017 is should be the year of the big crash like 1929 was.
As for all this talk of currency devaluation or resets history tells us that they (President Roosevelt) didn’t reset the price of gold from $20 to $35 until the stock market bottomed in 1932-33 area. So I expect the same thing here. When the crash ends in 2018-19 we should see the currency reset then. Sadly Lindsey will again be feed the wrong information to mislead us sheep into the slaughtering pen before it all happens.
Technical Analysis says the market should go down but they don’t seem to be allowing it to happen, which is typical I guess as the market is rigged to the upside. So TA’s work maybe half the time on the bearish setups and 90% of time on bullish setups. Since they aren’t allowing the bearish setup to work right now we could see that breakout to the upside today after some chop for a few hours or so. It’s just too hard to predict at this point, but since the Bulls have Yellen backing them I’m still 60/40 on a Bullish move first.
The ES Futures failed to gap over resistance, which leads me to believe we’ll rollover today, as it’s always harder to push through any resistance zone during normal market hours then after/pre market hours when the futures are easy to manipulate. So we wait for a break up or down at this point as no clear direction is seen here.
I agree on markets. Regarding that Euro…FXE looking like it wants to make a lower low. MACD about to cross again. Maybe Lindsey on to something?
Probably a few more points on the upside here and I think we’ll top.
Tomorrow will be 4-10 or 41 or 14 and 14-15 and 56 two different ways. Quite impressive (146 as well). See the Black Friday song and the grey men jumping from the 14th floor……
But more likely according to one traditional measure, it should mark a top or transition day before the turn.
But we still need to see a 12 and the Miami Thrice, Tebow numbers so tomorrow doesn’t suffice. I guess the Greeks made their IMF payment today but I’ve seen no confirmation so far.
I’ll get to the Duke rituals in a later post.
My thoughts are that we’ll have a Primary Wave 4 down of 200+ points some time this year, possibly from May? Then we’ll rally up to insane highs going into most of 2016 for Primary Wave 5 up. Then I think we’ll top in the 4th quarter of 2016 and end the bull market from the 2009 low. That means 2017 is should be the year of the big crash like 1929 was.
As for all this talk of currency devaluation or resets history tells us that they (President Roosevelt) didn’t reset the price of gold from $20 to $35 until the stock market bottomed in 1932-33 area. So I expect the same thing here. When the crash ends in 2018-19 we should see the currency reset then. Sadly Lindsey will again be feed the wrong information to mislead us sheep into the slaughtering pen before it all happens.
He’s being used to spread “dis-information” in my opinion. I like him, but he wrong more then right. Just can’t trade off of that kind of information.
Wonder what happened to Lindsey Williams “you have 3 weeks after Euro crash to get out of market” prediction??
Technical Analysis says the market should go down but they don’t seem to be allowing it to happen, which is typical I guess as the market is rigged to the upside. So TA’s work maybe half the time on the bearish setups and 90% of time on bullish setups. Since they aren’t allowing the bearish setup to work right now we could see that breakout to the upside today after some chop for a few hours or so. It’s just too hard to predict at this point, but since the Bulls have Yellen backing them I’m still 60/40 on a Bullish move first.
The ES Futures failed to gap over resistance, which leads me to believe we’ll rollover today, as it’s always harder to push through any resistance zone during normal market hours then after/pre market hours when the futures are easy to manipulate. So we wait for a break up or down at this point as no clear direction is seen here.
SPY Update and forecast for Thursday/Friday: http://screencast.com/t/JOARa4AK
Too much wild swings today to short or go long. I’ll wait until tomorrow to choose.