Blog Archive

Thursday, October 16, 2014

Thursday

I have redrawn my forks to be as bullish as possible.  If broken the target will be the magenta trend line.  1600 +/-50 handles.
Resistance lies above at 1900.

Wednesday, October 15, 2014

Wednesday

The market has smashed though all supports and broken the fork from 2009.  Look to the magenta trend line and volume profile for areas of support.  Watch bonds, and currency markets for further insight.  Listen for news from the IMF.

This is historically a bearish year because it is a Sabbatical year known as Shemittah.  Shemittah year will be the year 5775 after Creation, which runs from Sept. 25, 2014, through Sept. 13, 2015.

Are there any good financial blogs that use astrology? 

Tuesday, October 14, 2014

Destruction of all we know. Complete control.


Tuesday

Yesterday the market fell through the 1890 level signaling a reversal

Support lies between 1848 and 1865 with resistance at 1900, 1935 and 1985

Trend lines and volume profiles will be the most helpful tool for finding new targets until downward forks can be established. 


Wednesday, September 17, 2014

Wednesday

Nothing has changed.  2040 is still my target unless 1890 is broken

Monday, August 25, 2014

Monday

12 days ago I wrote this to dchrist81
Thanks for noticing! I was off by 10 handles, but I'm happy with the forecast. We are approaching a range between 1965 and 1985. If we break through that range I believe we will see 2040 or higher. I don't follow fundamentals but I believe there may be some news coming that will concern currency revaluations that may kick things off one way or the other.

While the market did not exhibit a range 1985 did cause the market to pause.  2040 or higher is still my target.

Tuesday, July 15, 2014

Monday

I did not expect the lower end of the purple area to be broken, but the sell points held.  We seem to be in a struggle between these two forks.  My guess is we will slip into the lower red fork and break out of the blue fork.

2040 is looking quite possible at this point.  I think it best to wait for full conformation before declaring the Bull run over.  

I was looking at Permabear and Tony Caldaro's charts and see some really interesting possibilities.
You may also want to entertain the charts Dan has been drawing.   Each makes a compelling case for the long term. 

I always thought the market reflected the economy, but it's become clear that the economy has little to do with the market any longer.  Corporations have gained so much control over us that they will continue to feed off the lower and middle class until there is nothing left.  It's all about their greed.   There was a time when people mattered, but these blood suckers don't even care enough to leave us alive.  They will continue to suck the money out of everyone till they bleed us dry.  Profit will go ever onward till there is no more.

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