Thursday, November 17, 2011

SPX Triangle Updated (30 min. chart)


4 comments:

  1. So what would you say your verdict is on the SPY? Or is it still too early to tell?

    Why's silver down btw, yet UUP and $VIX aren't confirming any sort of major dive? The market still looks pretty tame. I'm thinking the fear is too weak, and could get overridden at any moment by a stronger optimism.

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  2. You're tempting me...

    Actually, my SCO order @ $36.75 hit yesterday, so far so good for this day-trading crack head! ;p

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  3. SPX not broken down yet by any means. A loss of 1220 and failure to get back above promptly would be errr... bad.

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  4. In another forum someone on Apr 2010 had a dream stating "The day the dow drops 389, that is the marker day [for a pending collapse]". On Nov 9, 2011 (more than 18 months later), the DOW drops 389.XX points. Even weirder is the user had a Jan 2005 user registration ID of 11911 (i.e. 11-9-11 or Nov 9, 2011) and the 389 number ... 3+8=11 or 11/9 or Nov 9!

    Then on Nov 11, 2011 the SPY closed the week at exactly 126.66 (i.e. 666 omen). Back on Mar 6, 2009 (or 3-6-09) the day's low was exactly 666.XX and that also marked the exact low before the markets turned up and roared higher. This 11-11-11 close of 126.66 could be the indicator of something similar such as a final TOP.

    If the above is interpreted as "hidden code" for the "elite insiders", then the SPX should not break past 1265 or so.

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