Crash, No Way, Yes way!

Could we finally be there?  We could be there.. this fine morning the Nikki, China, and EWT say we are going down.  Its ugly over seas right now.  It could be a good down day here in the states...no its going to be a blood bath I think, we are already down 7 pts on S/P futures... most everything boils down to Friday.. we have poor Jobs again as most have predicted and we are on our way to the 3rd wave of  the 3rd wave of wave 1 down.  I have this move going till around Sept 27-Oct.. 5-6..  I know that is wide range but it will get zoomed in better in a few wks.  we go down till right now Sept 7th area. have a bump up and then continue down from what I can see if we are in the 3rd wave.. It will be as exciting as it was in 2001, and 08, just relax, this could be the best film of the Yr. since they have had the worst Movie summer sales in a very long time! the key right now break 1039 then 1010, sand we will then be making lots of $$... later>L

Labor Day !!

Really my bad you all, I forgot about the upcoming wk end events.. Gas and Oil always go up.. in turn so does the market.  So, my apologies, this time I really am sorry.  I get wrapped in other things and forget little market movers like Holidays.  OK, so we need to just relax. I have several scenerios  in my mind, larger degree 2nd wave, of wave 3 down. and in that wave we would be in the "C" wave.. and in a minor degree. so that move could take us to 1080ish to 1100. I f it breaks 1100, we are going back to 1130.  Scenerio number 2,   We are still in the Larger C wave of  "B", that we all thought was done and packed away, and if we are still in that move, let me tell ya, we are only in wave 1 or A, and we still would have a 2,3,4,5, to go and then we are looking for the old 1150 to 1250 area... hundred point spread there but we just do not know if that is what we are in till we actually break 1130. I have not read a single update tonight, I have just been hashing some of this stuff out in my mind...... and that could be bad or good.. either way its not the direction I was hoping for at this time. I did not get the big picture until last night. I told ya I needed to do some homework and I am not unhappy about the upswing I am just mad at myself for not keeping up with my scenerios.  I wanted to let you know what I was really thinking before I go see what the Pro's have.. I will send the usual hope you get to read before the opening bell. that way you can compare wht they are saying to what I am thinking.. I also wanted to add that I find it strange that my two leading stocks are just not doing anything  AAPL, and GE.  The mrkt just seems strange when these two babies of mine are doing nothing.  The Vol. on apple was just downright terrible and Ge is looking better than apple, which I find strange.. Even though we are going up.. I am still 65%  short with continuing trades still in TZA,QID,SDS,EDZ  I took a little beating Fri. I purchased a few shares of AGQ that have been treating me good, and it looks like it could go higher.. but I still feel we are going down!. .. later>L

I like it :)))))

Everyone, good morning. I hope that you are all ready for what could happen this wk!!!!

Believe me this puppy is about to roll over, I can feel it. I hope you all read what I sent.. for now that information is better than me but SpringHill Jack has a nice update over at the >to the right in my blog list His blog is Channels and Patterns.. Jack is good, really good you all, and has great insight on the mkts.  Now, all of you know I do...LOL!!!  Honestly now, its hard to believe anyone these days, watching your back has become a normal part of life lately.  Jack has a style most of you will like, I am tired so Jack has the floor today. Good luck everyone. later>L

Ready....?

Ok, I have a small move to the upside comeing.. I have yet to read all of my updates.. so I am off to do that this early a.m ... futures are already up a few points.. I have a turn on Tues.  If you have a 401K I have a few suggestions to possibly trade.. these are just suggestions you trade at your own risk.  Pro-funds has a few really lucious trades setting up..  You have to go to at least a 1yr chart to bring these up..  UFPIX   is the best right now, It should turn to buy in a few days.. I give it less than a wk but again you check it out.. URPIX  is next.. check them out.. the next is gold, and natural gas.. I have a few trades but these trusts have to be held for I think 6mos. before you can sell.. but the dividends are paid monthly..PBT, PGH, SJT. Gas storage is Hot right now. new on the block is PNG.. Its been a very busy few wks with volitility going in every direction.. be careful, check out every trade you have everyday, be prepared to hit the trigger if you have profits.. Hindenburg has been announced by McHugh.. I will give further updates as it goes. >L

The Fourth Coming..

One of my favorite past times is reading history and the social and psychological effects it has on people in america or other parts of the world. I just ran  into this, how I ever missed it I do not know.. but very interesting if you like history and how it tends to repeat itself. enjoy>L    http://www.youtube.com/watch?v=KXcDiGpVtbc                                                                                                                                                                                

http://www.timepage.org/cyc/future.html

Fib Levels

Toaday's mkt action took us to level 1 in my Fibonacci retracement levels. 1070.55 sat at 261.8%  we hit 1070.66..  We did a very nice 5 waves down and need to go into a 2nd wave or we do a continuation of the possible 3rd wave we could be in with a quick a,b,c pattern. We are a little oversold, but I was really looking for a larger sell off, I am patient though my next fib level is around 1034 area.. but the key here is we need to break 1069 now.. I will post some of my charts and if you have any you want posted just e-mail them too me. and I will post them.  Again, we need to see some selling in the Apple area, GE, had just incredible volume today, Apple very little.. we get the Apple to fall, we get this ball rolling faster.. good night.>L

VOLUME~~~No not again today?

As usual the Bulls pulled off a fabulous day on light Volume...well, maybe not~~ The buying only seemed to be located from what I can tell as the ticker floats past me.. in the Ag and oil industries as they go hand and hand.  To really say that the Bulls are back, I say they need to play catch-up with the Dow, and they are still 500 pts behind in that Index.  Do we go higher...gosh I have a possible 3rd wave finish but remember my old saying.. even though she looks like she needs a 4 and 5 all of that is inbedded in that 3rd wave..and corrective patterns are 1-2-3 or better known as A>B>C  one of my first lessons learned from EWT..because Hotchberg can't count... he'd just say we still have not confirmed a 4 and 5 in that move.. and we would just go higher and he was scatching his head back in 03-7..no really we have to have those moves..LOL!  That was a terrible lesson for me everyone.. corrective Bull or Bear is 3 moves.. the Futures after hrs where down, but now back to $SPX levels.. early morning trade is going to be interesting.. we did Breech 1100 on the $SPX and that is not good for the Bears.. In Two weeks if your an options trader I would be shorting POT, unless the Aussies are going to plant their little hearts out!... POT is a potential take-over..but not this time.. IPI is another fertilizer play, not as good a co. as POT, who dominates.. so maybe POT takes out someone else to keep from being bought out???  I will have to look into that.  I had sent most of U E-mails on a certain stock I had found this morning.. I noticed our old friend PCLN kicking butt as usual.. over $300 today.. China... what do they have thats like a Priceline  CTRIP..  CTRP... look and research that one.. its interesting for the future...or if you have a babies portfolio.. nice buy on the dips.. look how many times it has split.. they want to get rich fast and they have.. reminds me of the old MSFT days.. I miss those.. If I had only known...what I know now!  anyway we can't turn back the TECH BUBBLE or CAN WE!(CHINA will have one too!) #2 economy in the world now...Yummy.. keep that in mind too! 

Food is on the Rise.. I was hinting that with my Wheat update.. but some of you did not understand that, If you do not have 6mos worth of food to feed your family, you really should.. along with water and dry goods... time to start that rotational stock.. canned goods..so on.. think like the pioneers, beans, rice.. that kind of stuff,, they preserve for ages.. ask the egyptians.. they recently opend a clay pot, and the corn was still perfect...  simply amazing!  They where Aliens wheren't they!  we could not do half what they did today. We have let our sites and our sense's get away from us. Be Prepared. Droughts happen and we could have another one soon. OK gotts to run.. I am not done.. will continue hopefully in the morning.. 1100 is now set  and it will be retested.. later>L

$TRAN ?????

Todays action was interesting, ashame I slept thru it all.. but back to the grind tonight..uggg.. so here we go.. I truely feel that we might have finished a Subminuette to Minuette wave 1 down at 1069.49 on $SPX..the 50dy ma held the end of day but I think it breaks that and moves into the area of 1085ish... there is heavy resistance there, if it breaks heading to 200 dy ma.. and that is around 1090.. there are two scenerios running thru my head  1) did we just finish wave 3 of 1 and going into a larger degree wave 4 to the 1085-1090 ish area or
                      2) did we just finish wave Wave 1 and we are going up into an A>B>C pattern and that could take us into the same general area but higher to 1100-1110 area?

I took a look at the $TRAN index.. it is getting interesting.. a little Divergence possibly? taking place.. Now that is on a 5yr daily chart but Trans did break the 200 day mv ave. but just something to keep your eye on.
Volume was recorded today as the lightest of the entire yr. I thought that was interesting and could be another Bull fake out.. while the big boys try to make up their minds on what they are going to do next?????  I am holding the positions I am in.. and will add to my 'Bear' positions if we go higher... If I am awake..LOL!  ugg I wish I could retire..alas I am not given that luxory. I hope all of you enjoyed the Tony Robbins video.. His show did not go so well, and it has already been cancelled.  take a look at the $RUT, and Nasdaq, both lead in the push up, as they lead the push down.. again.. more to watch. Have a great night..later>L  I am sorry about the chart.. I have no idea why it is so blurry.. just pull up your own $TRAN chart and look sorry >L

Morning! Futures moving down and up..?

Morning all, It has been a rocky road, and I don't mean Ice Cream, Futures made a new low this morning 1068.50 bounced right off a channel line I set and headed right back up over 10 pts... currently 1078.50.. I know that some of you fight your gut feelings on things.. so I found this video that might help you realize what is coming in the near and distant future..  good luck today.. >L  http://www.metatube.com/en/videos/37911/An-Important-Note-Of-Caution-By-Tony-Robbins/

Play Video

Michigan Sentiment up a few % pts. OK, good bad or what-ever... How about the Jobs? we are only 20K jobs away from a half million people sucking off the gov't. but thats the way it goes.. saw a video this morning over 13K people trying to get subsidized housing in Atlanta Ga.  It looked like a Mob.  and Now,  listen to the God of EWT..   usually a bit early on calls but 80% of the time right on his calls....   http://www.bloomberg.com/video/62152902/          Have a wonderful wkend.. I am going away, so I might or might not get the chance to post a wkend update..  You guys probably need a break from me anyway..later  short side  1065, 1050, 1035     long side  1080-1090.. supports and resis.  OK.. >L

More Downside?

After the Bell the Bears kept pounding forcing Futures as low as 1073, currently they are at 1079.75.

EWT- The C wave rally has ended.. wave 3 is on.  Trader Psychology is the shift into 3rd gear.. ending diagonal was the bearish sign. Expecting powerful decline to take place 87' style to below July's low, do not overtrade this first move down, we are in a smaller degree. Silv and gld to start lower.

$SPX we are looking for 1070,1055, and 1040 is what I have at the current moment.. $SPX ended the day at 1089.47  I did not have a chance to add on.. I was really looking for a larger retracement today, and EW, is saying it looks like we may not get that yet.. so OK, I am just playing catch up. Good luck tomorrow, and Thanks R, RK. >L

Calling all Bears! 10-33 in progress!!!

As I sit and type this out.. my 401K might be looking good, well very good by 9:30's opening Bell. The E-mini's are down Big..well for after the bell that is.. and they are treading on thin ice if you ask me.  King-Richard is one hell of a trader that I follow alot over at HOBS, he has been posting this stockcharts  fella for a while now, and let me tell ya,,, he has been doing a very good job, as good as our friend PUG.  Anthony Allyn seems to be on a mission and his charts show it... http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID3779195             So to all of you out there Anthony's brother seems to have fallen on some bad times financially, lets reach in our pockets and send Jay a few bucks if you can spare them, every little bit will help. He has a site to donate.. and a regular blog to boot..  http://tonyspublicchartsblog.blogspot.com/     Good luck today.. R,RK, looks like someones thoughts are coming to be true.. Nice call "R"!  Thanks..>L

Correlation Between Wheat and the $SPX

Now some of you know that I am an old farm girl.. I was over at HOBS several months ago, telling a few traders over there how I tend to watch the weather charts and had noticed how all the rain was effecting the farming industry, notably Wheat and Corn. I had read several urgent articles from farmers magazine that the corn industry would suffer severe Root Rot... basically that means that corn stalk still grows, but the roots begin to surface to get out of the water... this is not good... because when the rain halts the roots are now exposed, and dry and rot.. so loss of corn on the ear and possible loss of the whole stalk of corn.  Wheat on the other hand  will just lay down from all the rain and wind.. it is very good at standing back up..but like a weed it grow fast with alot of moisture making a thin stalk to stand up with, so with heavy rains and wind it breaks or bends, again this makes the moisture build up under the wheat making it rot and wilt. Now the farmer will still combine these plants.. but the seed that they collect will most likely never make it to the store shelves as your favorite Bread, or cereal. Those grains get used as feed to animals most of the time. There are different classifications of grains of course because shit happens like this, but the farmer who is able to leave their crop in the field to dry out the most will get a better price. Grains are sold by bushels not by weight for that reason, but the less moisture in the seed the farmer gets a better price by its grade usually. It cost General Mills alot of $$ to dry out the seed so they can grind it into flour to make then turn around and add water to make crereal.. seems silly but thats how it goes, because you still have to store the grain and the moisture inside the kernel will still make it rot.  Popcorn for instance.. to Pop it has to have moisture, did you know that... but it has to be the perfect moisture content to pop.. I don't remember the % of moisture needed but thats an example of what makes Popcorn different from field corn that we use everyday. OK, now that you have learned about wheat and corn, who cares right......WRONG, there is a strong correlation betw Grains and the stock market that I have found.. I am sure someone else out there has written a book on it for all that I know.. I have never looked for one let me put it that way... but

I had mentioned to all of them at the time that corn and wheat should shoot thru the roof... I myself being a real dumb ass at times like right now.. just forgot about the research that I had done, but I also did not realize how many ETF's there are right now for Corn, wheat, rice, you name it its there including cattle... I just found them today.. anyway.. RK had given me Carl Futia's site and just a few min's ago I went over to see his end of day post.. and I found the yearly Wheat chart up he had.. at the same time I am looking at the $SPX and thought I would post and show all of you the correlation....Now if you can post your own chart then bring up the wheat it works better of course but notice how wheat spiked and the market fell... we are very close to that same scenerio again... very close... my stochastics are mixed as you can see on my 5yr chart... the volume is weak..but again.. back in 07 volume was even weaker and we rose to all new Highs. This is also one of the things that is bugging me right now... weak volume does not mean we are going down... as per my post this afternoon on Apple.. up  $1.66  GE was pretty much flat in my opinion... and TZA started sliding into a possible 3rd wave down... We really could go to 1250 and it would not surprise me at all. So, I will try to update as soon as the post is up.. but I do not expect much out of it as usual..>L

A touch of Gann..

I find things and forget about them.. I am cleaning my desk off and getting rid of saved files and ran into this..   http://www.sacredscience.com/ferrera/mathformula.htm

McLaren update

http://www.safehaven.com/article/17756/squawk-box-europe  have a nice Fri. night.. update over wkend. >L

Classic Yamada :))))

As most of you know one of my favorite Technical Research advisors is Louise Yamada, so before the #'s are announced you have 9 min. to read Barron's latest article with her.  http://online.barrons.com/article/SB50001424052970204391004575384702488502236.html

Volume..weak..weaker..butttttt

Don't cha know that the Volume has about died off... everyone is on their last minute vacations.. butttt there is one lesson that I have learned and forgot to mention about LOW Volume.... Yes, you can have it, and it can get weaker and weaker... and you say to yourself... what the He--... how are we climbing up this ending diagonal triangle... well, everyone, there are no SELLERS!!!   this scenerio took place back in the 03-07 run up.. on more than one occasion.. I was deep in  Bear Shit..and yes got it smearrrrrred in my face... because of this same scenerio.. but the Tide is different here... we had jobs, we all had houses, cars, and $$.  Today no houses, no jobs, no $$ freely to spend.. and your frustrated angry and want to kick ass all the time.. they call that stress... because you do not want to  a) loose your house b) loose your job c) or loose your $$ even in this bear mkt... so the Tide is pulling at you.. back and forth, and you are tired... you see what I mean.. You have got to Hang in there.. remember you can always wear a life jacket when entering the water...it helps when you get tired.. just try to hedge this market the best you can.. to stay with the ebb and tide.. OK>. gotts to run..>L

Dollar

$USD  dollar is loosing ground...continued weakness... rising diagonal or ending diagonal is still in trade, If the dollar turns.. to the upside.. we will start our Possible Spike down in stocks... Looking for dollar to go as low as $80... If it breaks that .. the ending diagonal is going to finish its move to the upside heading to 1150... The other bull working hard is the Crude oil boys.. not too many sessions that I have traded that If oil is up equities are usually following to the upside... so my count on this move at the moment... Yes we could be finished butttt the 4th wave could be getting ready to trade out...with final 5th to go... or like "R" has stated in the comments we could try to retest the JULY LOWS....another look at these move's brings in a possible decending triangle... or also know as expanding tri. too.  so if that is the case. we are in only wave c on a minute scale... we would still have D and E to do... if we are in that scenerio... we actually could go to March OF 2011... before really falling hard.. my time series ...ugggg... OK, will update later just wanted to go over a few things before the bell hope you see this...>L

Premature...who knows?

OK, this is what I was trying to say.. even though this is Springhill Jacks chart of Oil it looks very very similar to the S&P  chart, to the right.. Now the PUG call is not cool with me, I prefer the EWT call on the rising wedge or ending diagonal, but as you can see in both charts we could go back to 1105 on S&P then shoot back up, that is our first line of resistance.. if it breaks then If you draw a Fork in the road the next resistance lies in or around 1085 ish.. and so on as all of you can see from the drawings that the game plan is pretty much laid out right in front of us.. this  really is a day traders dream in a way.. hedging and then taking small profits or better known as Scalping.. its alot of what I do with stocks.. but as "R", can tell all of you , that if I was in a gun fight I can pull the trigger faster than all of you..LOL!!!  I am done tonight... go study.. give yourselves some comments to help each other.. Oh and R, RK said yes on the E-mail.. let me know if its OK with you...later >L

We are There~~~

According to the EWT Gods, we have reached the alotted  upside targets, yes we could still go higher, but we have met all criteria to resume the fall....  You know they are right, we have, and the way things are going, we really could just switch gears from forward to Reverse just as fast, this is the kind of stuff that puts traders on their knees praying, and crying like a baby. My count is very close.. the spike up yesterday could have been enough.. I just do not think so..but we are close.I still like 1150 but and  so to be on the safe side everyone, be ready to pull the trigger on any gains if you have gone long  on stocks, you might want to consider taking the profit, even though the futures are down, its my 30 day turn date that sticks in my head.. we have 2 days left but really only till today!.. I forgot that July has 31 days.. so, no I choked again, it was Yesterday... uggg...remind me to look at my calendar sometimes will ya guys. Thanks. So, get out as soon as possible.. OK. the worst is that I am wrong and you have your $$.. I have to get out of some of mine as soon as the bell hits..I know we where just talking stocks to buy yesterday so doesn't that make sense now?  Bears to Bulls and we are falling for the bullshit..I feel like a sucker uggg. so if yesterday was the final move of Minor wave 2 then the rest of this week could be very very interesting.. later>L  Oh and another thing.. PUG on his previous charts has an inverted H&S pattern.. that is going to be incorrect in the end, but he could be right that  we pick up momentum here.. because we could be in an extended 3rd wave... soooo.. maybe be ready to sell, but only if we break 1120 area.. OK. >L

Bullish BIDU Looks SWEET! Bearish TZA Looks like Honey! Yummy:)

Wow,  Fridays action was great!.. I am in the bullish mode.. How about you all?  We really could have finished wave 4 and have a small quick and to the point wave 5 to go.. all we have to do is make a new High... in your e mail you should have found some interesting things... Maybe Thing 1 or Thing 2, Dr. Suess has some interesting characters these days.. LOL.. for some of you that is an inside Joke.. so ignore it.

Now, come on You all Know I am a BEAR!!! and I am very Bearish at this point and time, but we really could go do that 5th wave that sometimes does not exist in my opinion.  but as alot of other updates currently have we could really be done. Its funny 50% of them are Bullish and 50% are Bearish. That is how nutty this mkt is right now. The only thing that the Bears have going for them is the Volume..but the volume has been low and we have still gone Higher!  so in a way that really sucks to be frank. Something out there in wall street land is buying it up and pushing hard to get the little guy to panic and dive in.. and when it does we really could be going to the 1150-1250 area... that is what worries me..but.. There are some good things going for us:
1) The Dollar looks to be finishing a correction... when it finishes of course the market will resume the downtrend "Normally".
2)  GDP's # was just magnificent!! 
3)  Psychology is cautious again and turning bearish as seen by the Volume ....

If you like to buy stocks like some of us do..Bidu, RTP, AWK, and a long shot that had a terrible accident happen at its sugar plant earlier this year IPSU, are looking good in my opinion.. I have them in the order that I like them.. but like I said Imperial sugar is a long shot.. its about the recovery from the fire, deaths, and OSHA fines.. that need to be seen on the bottom line.. I have 3 waves down with a 4th in progress.. ? is what will the #'s be.. she's at $12 , I would wait for Earnings.. I think she might fall a bit, then turn up.. They have built a new plant and its at full capacity running.. so wait for the bait...then buy.. this could be a long and its the only sugar stock.. and bad times people love their sugar even more... Bidu, well, google has made it a long again.. and I actually feel really stupid for not mentioning this when google got in trouble again with China the other day.. this stock is a long term HOLD! no matter what happens with our economy.. China's will continue to grow.. even though most people would not agree with me even the U.S. will continue to grow.. just not at light speed.. but China , India and Africa are the HOT mkts of tomorrow.. its the good starters like Bidu that will pay off like an Apple or goog.. has done for alot of investors. I hate to say that I personally was caught in a time warp when these stocks came to light.. being at the end of the Baby boomers..(giving away my age now),  My mentality really sucked thinking of Internet and all the stuff people would do and have done with it.. I did buy MSFT though.. because it was hot and I took the advice of a guy who was starting out as a financial advisor, but he told me to sell it and buy up all kinds of tech stocks.. see where this is going guys and gals..I lost it all..and I will never reveal how much that was...you can guess??? I salvaged some, but stocks like Lucent tech are well long gone with my $$.. the tech bubble givith and took it away... but the new stuff called Cloud is interesting..but will it bubble too..???  Lets chat about that soon.. OK.. I do not understand it all.. so hopefull some of you can give your views.. EWT has called the top in this move.. they say we are starting the 3rd wave down.. its sometime this week. So, If I find some other wonderful update I will add it on to this one.. so check back before the bell..>L