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This is rolling over...
Bulls on margin will be torched...
Of this, there is no doubt left in my mind... The major markets have broken and turned down... This is going to painful especially for the Bulls on margin... Lives will be upended.
One word: topping... be careful out there!!!
Asset Prices Are Rolling Over, Despite Massive Money Printing
Friday April 17, 2015 15:51
Jay Taylor
http://www.kitco.com/ind/Taylor/2015-04-17-Asset-Prices-Are-Rolling-Over-Despite-Massive-Money-Printing.html
Charts and commentary that need to be seen and understood...
Weekly closes in the major markets were ugly as anything... Scary!!!
This dog is pukin' sick... more downside coming...
Fresh new all-time highs this week... Santa rally... WOW!!!
Markets set to move ahead along with energy like ERX...
Severe volatility in the $INDU... one of those day with a serious divergence with a rise in the NAZ
WTF Chart Of The Day: Centrally Planned Confidence Edition
Tyler Durden's pictureSubmitted by Tyler Durden on 11/28/2014 13:18 -0500
http://www.zerohedge.com/news/2014-11-28/wtf-chart-day-centrally-planned-confidence-edition
Because nothing says "spend on Black Friday" like a fractionally positive Dow Jones Industrial Average closing in the green with a last minute surge that gets its from red to just barely green... and completely unrigged.
Flow remains up... $INDU
So, go with the flow... Up.
Election day... big down day... funny... NOT!!!
The bull is easily in control right now... crazy...
Are Our Markets Now Beyond Manipulation?
Tuesday October 21, 2014 11:54
http://www.kitco.com/ind/Taylor/2014-10-21-Are-Our-Markets-Now-Beyond-Manipulation.html
What once loomed on the horizon is now underway:
Amazing observation made by Franklin Sanders:
Major Stock Selloff Looms 2
Adam Hamilton - September 26, 2014
http://www.gold-eagle.com/article/major-stock-selloff-looms-2
The internal technicals are very, very weak... Sold all my stocks.
Timber!!! How sad... And profitable...
This is it... Housing is a mess now in the open... R2K already rolled over. Last 2 days in the Dow chart look horrendous... Buy inverse... Betting downward now. Transports must be ugly too... Time to go look... Metals are a safe haven despite objections.
This chart is uglier than last time... Divergences are manifested everywhere like the Russell 2K... What a mess. Puts and bonds... Be careful out there!
All bonds and out of this idiot bubble market...
Lookat that Dow tumble today... Bonds moving huge of late... SOOOOOOOOOO glad I went all bonds in my 401K.
And now, new highs but not confirmed by other indices... I'm staying in bonds. Awesome analysis. TY!!!
Dow futures down this am...
$INDU Chart: Red Alert - the DOW closed below MA(200) @ 15469.68.........
If you've been following my $INDU analysis you were prepared for this drop.........when the DOW closed below MA(100) @ 15790.90 on Fri. I knew MA(200) was on deck........check my analysis.......CALLED IT!.......
OK so now we are here.......the moment of truth for the DOW.........the drop from16600 to 15372 is the type of % drop all the experts were looking for..........well, here we are........and MA(200) support broke.......in a big way........take a look @ the 2nd week of Oct........$INDU hit MA(200) support & bounced.......on Mon. MA(200) support was hit & it broke.........major change in trend........now look @ the Volume.......today's carnage was on Massive Vol.........not a good sign if you are a bull........Mon. was the largest vol. day since Sept. for the DOW........& on Sept. 20th the Massive Vol. day signaled the Start of a major pullback.........
Today's close on the DOW was extremely Bearish.......Fast Sto, Full Sto & RSI are @ Oversold levels........many of the Indicators are signaling Extreme Oversold.........I would expect a bounce.......the key is will it be a short cover rally or sustainable?.........the answer will be found when MA(200) resistance is tested.........that's right, MA(200) was support, but it is now resistance..........& above that MA(100) is resistance.........a ton of overhead resistance for the DOW.......may see a bounce off 15300........solid Market Maker level.......
If the DOW closes above MA(200) the chances are MA(100) will be the selling zone.........the DOW couldn't look more bearish.........remember, there are a ton of Inverse ETF's.......you can play the "dark side" by going long in an INVERSE ETF.............$$$
Is there an etf for that? I like PHK for corp's
A mix of treasuries
Govt or corporate..????
Pulled out of the market... all bonds for now...
HUGE support here! If it breaks lower next week, look out below!
$INDU annotated daily chart including supports and resistances.
Analysis: The DOW is making a strong correction, the run was manipulated, as there was no motives to such a run, it was artificially inflated, and, now the bulb exploded, and, I think the MA200 and the 14444 - 14434 support level will be tested soon.
Daily chart
$INDU Chart: All Time High.......Breakout instead of Breakdown.....No Double Top it's Major Showtime!......CHEERS!.........
HugeTechnical Development.........DOW 17,000 on the Horizon.......DOW 20,000 coming?.......who knows?......but one thing is certain, Sucks to be a Hedge Fund Manager.......Bears Getting Slaughtered!......
Time to seriously look @ lagging Big Board Plays......look for sectors that haven't participated in the rally.......going to be an action packed summer w/ the Bull Rally on Full Steam Ahead........$$$
$INDU Alert: the DOW is breaking out today......need to see a close above the April 11th all time high......that will signal a breakout.......fail to make a new high & the Double Top I've been taking about will form......$INDU @ a crossroads this week......this will set up Sell in May & Go away or RALLY Time like last yr.......last yr. Sell in May didn't work......would love to see DOW @ 15,000..,.....let's make that PAPER!!!!........$$$.
$INDU: the DOW up huge today......running hard......just like I predicted over the weekend & followed through yesterday w/ the $INDU update.......
The Key level to watch is the All Time High created on April 11th.......the DOW needs to break that level to continue the Bull run.......will be looking for either a breakout from that level or a Double Top to form.......$$$
$INDU Chart: Buy Signal confirmed by today's White candle & higher close.......the day started down, but as predicted the Bulls battled back to close up for the day......
Hit the previous post on this thread for in depth DOW analysis.....checkout Accum/Dist & OBV......on the rise......like I said Sat., every pullback has been met by heavy loading.......Accumulation has been rising......until you see a change in the Bullish trend on the Vol. indicators the DOW will head higher.......when you see the Vol. indicators pullback you'll know it's correction time......
As I mentioned over the weekend the DOW will not have a major correction w/ out a Double Top being formed.....that's what to look for now......Keep an EYE on the all time High level....if the DOW fails to break the high created on the 11th it will pullback......until then load the dips........
It won't be SELL in MAY & GO AWAY until investors actually Sell......they're saying that they're selling, but in reality they've been loading the dips......& burning the Bears again & again......Hedge Funds are getting slaughtered.......yeah, Pigs get slaughtered.......but Bears get destroyed in Bull markets.......stocks can only drop to zero, but they can go up to infinity..........
The key for $INDU is to close above the Middle Bollinger Band/MA(20).......when the DOW closes above MA(20) a new uptrend will begin.....That will set up the retest of All time high levels........
$INDU on retest All Time High Levels Radar.........$$$
$INDU Chart: Bullish Harami reversal pattern formed Fri......High Wave also formed......Fri.'s candle was very close to forming either a Doji or a Hammer.......both of those candles are Bullish......
Parabolic SAR flipped to a Sell Signal on Thurs....MA(20)/Middle Bollinger Band @ 14622.96 support broke on Thurs......significant technical development......the last time MA(20) broke w/ a close below that level was on Feb. 25th.......
The same Bullish Harami Reversal pattern formed on the 26th....the DOW broke through Middle BB resistance on the 27th & proceeded to have an historic run.....will history repeat?......wil the DOW bounce from this level & run to all time highs?.......let's look @ the indicators........
MACD had a Bearish Crossover on the 15th.......TRIX has failed to bullish cross the entire month of April....TRIX Bearish crossed the end of March & is signaling more downside risk......checkout UI @ 1.11....Ulcer Index.....@ it's highest level in months.....signaling more downside risk.....
DMI w/ADX had a Bearish Crossover on the 17th......Fast Sto @ 24.96 bounced Fri. off near oversold levels.....below 20 is oversold.....RSI @ 49.98......dropped below 50......above 50 is Bullish & below 50 is Bearish.....RSI needs to get back above 50 for the uptrend to continue.......
As mentioned above SAR (orange dots) just flipped above the share price......SAR means Stop & Reverse....dots above are Bearish & dots below are Bullish.......the last SAR flip was on April 5th......only lasted two days before SAR flipped back below the share price.......
When SAR flipped on the 5th $INDU was still above the Middle BB & in the upper BB Bullish Channel......on the 18th bearish flip the share price was below the Middle BB & $INDU was in the Bearish channel.......this is a very similar set up to the SAR bearish flip on Feb. 21st.......
On the Feb. pullback below the Middle BB $INDU found support @ the Lower Bollinger Band.......on Fri.'s candle the lower tail came close to hitting the lower BB.......I would expect a bounce in the 14354.48 - 14397.19 range if $INDU doesn't bounce on Mon.......MA(50) @ 14354.48 & the Lower BB @ 14397.19 should provide solid support........
If $INDU fails to hold MA(50) support the DOW & the whole market will begin major correction mode......if MA(50) support breaks $INDU should drop to MA(100) @ 13872.63.......as this chart shows $INDU had solid support in the 13800 range the entire month of Feb.....a pullback to that level would satisfy the BEAR correction everyone has been predicting..........
The interesting thing about the $INDU chart is the correction is perfectly timed w/ Sell in May & go away......playing out like a text book for the Bears.......you could see the sentiment change across all the boards last week.......VIX was up.....the Inverse ETF's went up........Gold went up.......& the penny stocks were under Low Vol. selling pressure.......all the tell tale signs the market is tiring.......is this the gloom & doom all the Hedge funds have been so impatiently waiting for?........is this the time to Short the Market?.......
Not so fast........hold on there Yogi & the bear crew looking to steal all those pic nic baskets......the coast isn't clear for a full on Bear Raid.......$INDU made an all time High on April 11th......a Bearish reversal pattern formed & $INDU pulled back......the high has not been tested......there hasn't been a Double Top......
For a true correction to happen & a pullback to MA(100) to follow a Double Top must be made.....No Double Top = No Major Correction......Double Top & it's Timber Time.......that's what I'm looking for......signs of a Double Top......the DOW failing to make a new High will be the Red Flag a major correction is coming......
Not Convinced?.......look @ the Vol. Indicators.......checkout Accum/Dist, OBV & CMF.......they are showing HEAVY loading......the market pulled back, but Accum/Dist is back to the same level as before the drop........what does that tell you?.......they loaded the Dip.......every pull back has been met by heavy Buying.....until this trend ends I expect the pullbacks to be bought......Keep an EYE on the Vol. Indicators.....Vol. precedes price.......we should see a big pullback on these Indicators when the Major Correction comes.....
Think about it......the world is in Chaos......Europe is struggling.....Japan is struggling......China is struggling......Bonds aren't returning decent % gains & the US markets are still the best place to be on our tiny Blue Planet........so, as bad as the Bears & all those struggling Hedge Funds(massive #'s have gone out of business......hard to short a Bull market) want a major corrrection I don't see that happening until a Double Top is formed........We caught the Bad Guys......should see a Patriotic rally on Mon.......GO USA!!!.......
So, to make a long story short, $INDU is @ a precarious spot on the charts......a bounce from this level is of the utmost importance......MA(50) must hold......if MA(50) holds a new All time high must be made.....if the DOW struggles and forms a Double Top it'll be major Showtime for the Bears......
& don't worry, I know many stocks that will do quite well if the market pullbacks......Up.....Down.....No Worries......the Market will alway's give us something.......we bank no matter what......the charts & Indicators alway's lead to the pot of Gold!.......
$INDU on Buy Signal Confirmation Radar......$$$
$INDU Sell-IF: Definition: Bearish Dark Cloud Cover Pattern is a two-candlestick pattern signaling a top reversal after an uptrend or, at times, at the top of a congestion band. We see a strong white real body in the first day. The second day opens strongly above the previous day high (it is above the top of the upper shadow). However, market closes near the low of the day and well within the prior day’s white body at the end of the day.
Recognition Criteria:
1. Market is characterized by an uptrend.
2. We see a long white candlestick in the first day.
3. Then we see a black body characterized by an open above the high of the previous day on the second day.
4. The second black candlestick closes within and below the midpoint of the previous white body.
Explanation:
Market goes up with an uptrend. Then we see a strong white candlestick followed by a gap suggesting that bulls retain the control. However, the rally does not continue. Market suddenly closes at or near the lows of the day so the second day body moving well into the prior day’s real body. Longs are shaken somehow and short sellers now have a benchmark to place a stop, which is at the new high of the second day.
Important Factors:
If the black real body’s close penetrates deeper into the prior white real body, the chance for a top increases. There are some Japanese technicians who require more than a 50% penetration of the black day’s close into the white real body. If the black candlestick does not close below the halfway point of the white candlestick then it is better to wait for confirmation following the dark cloud cover; and even if it does, a confirmation may still be necessary. This confirmation may be in the form of a black candlestick, a large gap down or a lower close on the next trading day.
$INDU Sell-If: DJIND Daily Commentary.....
Our system posted a SELL-IF today. The previous BUY recommendation was issued on 04.04.2013 (1) day ago, when the index value was 14,550.4. Since then DJIND has gained 0.10% .
A bearish pattern has developed and a SELL-IF alert is issued today. The task is now to confirm the validity of this bearish pattern. We ask your effort and time. A good starting point is to keep an eye on after-hours trading and futures trading to get preliminary hints about market direction. Related news, events, economic data, and the outlook of the world markets must be closely followed prior to confirmation session.
There are three possible cases of bearish confirmation. You have to follow the session closely to see if these cases will hold or not.
The market opens with a downward gap, signaling a bearish sentiment in the first case. Your benchmark will be the opening price. If the prices stay below the benchmark, sell your shares. Any black candlestick with a downward gap is a valid bearish confirmation criterion.
In the second case, the market opens at a level, equal to or above the previous day’s close. The benchmark is that closing price. If prices during the session stay below the benchmark, sell your shares. Any black candlestick closing below the previous day’s close is the second confirmation criterion.
If, however, in both cases, the prices during the session start going over the benchmark avoid selling.
The third case of confirmation is rarely observed. The market opens with a big upward gap suggesting a very bullish day, and the day ends with a black candlestick, but still closing above the previous day’s close. Such a day satisfies the third confirmation criterion and the closing price of the black candlestick is the benchmark.
If one of the three confirmation criteria is not fulfilled, or in case of a white candlestick or a doji on the confirmation day, the SELL-IF alert remains valid, however, without confirmation and the three confirmation criteria are then sought in the following day. The only exception is the long white candlestick. Any white candlestick following a SELL-IF alert makes the signal void and invalid.
The market looks strong on the short side. So you may continue to carry the existing short positions. If the SELL-IF is confirmed, new short sale positions may be considered.
Data provided by: End of Day Data
Candlestick Analysis
Today’s Candlestick Patterns:
Black Candlestick
Bearish Dark Cloud Cover
Today a Black Candlestick was formed. This represents normal selling pressure.
For more about this candlestick click here.
The last two candlesticks formed a Bearish Dark Cloud Cover Pattern . This is a bearish reversal pattern that marks a potential change in trend. Though it is highly reliable confirmation is still recommended.
For more about this pattern click here.
$INDU: pretty sweet Bullish Reversal Buy Signal yesterday........you've got to think it's cool that TA & charting works so well......just think how rich you're going to get when you're playing w/ millions of dollars in the future....
Knowledge is the KEY to financial freedom.......penny stocks are just training ground & a way to generate capital for the Big Show.......
Use this knowledge in the future to trade Options and to make Major Bank moving Lg. chunks of Cash around.......
The hard work, learning, training & intense effort will pay off beyond belief.........learn to make money in the market & you will create generations of wealth!.......
This is a marathon....not a sprint,,,,,,,,knowledge lasts a lifetime & beyond if you educate your children!.....$$$
$INDU Chart......Bullish Harami Cross Reversal Pattern formed yesterday & today's white candle is confirming the Buy Signal....
Support was found right @ MA(10)/14455.18.......right where I predicted last Fri. When the Bearish Reversal Patten formed.......
This is the perfect example of how Charting works not only for individual stocks, but for the Indicies as well.......this is very important......in order to make the correct analysis for a stock you need to now how the Overall market is doing.......
Once the market direction is determined you need to determine if the Sector your looking into is Hot.......may be a great individual stock, but if the sector isn't hot & the market is cold it usually won't matter......
Timing is everything......If you're playing the Big Boards trade like a PRO......analyze the entire market.....Aanlyze individual sectors......I recommend doing this 1st "BEFORE" finding individual stocks........
When the overall market is down most stocks won't go up........but, certain sectors do thrive in a down market.......consumer staples for example.......the key is to move money into the correct sector depending on Market conditions........
I'm predicting sideways action from this level on the DOW similar to Feb. trading.........nice Buy signal confirmation today......something to consider is much of today's & yesterday's action is from Short Covering.....
Vol. & Action is leaning more towards a short cover rally than actual longs loading heavy @ this level on the big boards........
Keep an EYE on EOD Vol.......this will give insight into the strength of the Bounce........also, keep an EYE on Parabolic SAR & MACD......both are looking to go Bearish......today's action has prevented the Sell Signals, but the danger is still there......
DJIND is riding a wall of resistance.......until a New High is made sideways to downward action is on the table.....make a new All Time High and it will be Showtime!.......$$$
$INDU....DJIND:.. Today a Long Legged Doji was formed. This implies a loss of sense of direction and that there is a great amount of indecision in the market.
For more about this candlestick click here.
Bullish Long Legged Doji Pattern. This is a bullish reversal pattern that marks a potential change in trend. However, its reliability is not very high and it requires confirmation.
For more about this pattern click here.
The last two candlesticks formed a Bullish Harami Cross Pattern . This is a bullish reversal pattern that marks a potential change in trend. However, its reliability is not very high and it requires confirmation.
For more about this pattern click here.
http://www.americanbulls.com/StockPage.asp?CompanyTicker=DJIND&MarketTicker=NYSE&Typ=I
DJIND....$INDU: BUY IF.....Daily Commentary
Our system posted a BUY-IF today. The previous SELL recommendation was issued on 03.18.2013 (1) day ago, when the index value was 14,514.1. Since then DJIND has fallen -0.40% .
A bullish pattern has developed and a BUY-IF alert is issued today. The task is now to confirm the validity of this bullish pattern. We will guide you through this process but the prime star of this game is nobody but you. First you must do your homework. A good starting point may be to keep an eye on after-hours and futures trading to get preliminary hints about the direction of the market. Related news, events, economic data, and the world stock markets should also be closely followed prior to confirmation session.
There are three possible cases of confirmation. You have to follow the next session carefully to check if these cases will hold or not:
The market opens with an upward gap, signaling a bullish sentiment in the first case. Your benchmark will be the opening price. If the prices stay over the benchmark, go long. Any white candlestick with an upward gap is a valid confirmation criterion.
In the second case, the market opens at a level, equal to or below the previous day’s close. The benchmark is that closing price. If prices during the session stay over the benchmark, go long. Any white candlestick closing above the previous day’s close is the second confirmation criterion.
If, however, in both cases, the prices during the session start coming below the benchmark, avoid buying. Sell if you feel a definite tendency in prices to close the day below the benchmark.
The third case of confirmation is rarely observed. The market opens with a big downward gap suggesting a very bearish day, and the day ends with a long white candlestick, but still closing below the previous day’s close. However, such a day satisfies the third confirmation criterion and in this case the closing price of the long white candlestick will be taken as the price of confirmation.
If one of the three confirmation criteria is not fulfilled, or in case of a black candlestick or a doji on the confirmation day, the BUY-IF alert remains valid, however without confirmation and the three confirmation criteria are then sought in the following day. The only exception is the long black candlestick. Any long black candlestick following a BUY-IF alert makes it (the signal) void and invalid.
We do not suggest any new short positions given the bullish alert. The short sellers should consider covering their positions if the market confirms the BUY-IF signal. Otherwise, existing short positions should be carried.
Data provided by: End of Day Data
$INDU: formed a Bullish Harami Cross reversal pattern today........$$$
Cyprus: is just a bunch of BS.........the markets shrugged off soooo much more during the 10 day run......
Cyprus s nothing more than excuse to take profits........the markets hit an all time high & the Bears were getting restless......
This "Cyprus excuse" is nothing more than that.....an excuse.....an excuse to confuse the late to the party crew that thought the rally was just starting........
When in actuality the correction writing was already on the wall.......Cyprus, $10B - $20B bailout......AAPL has $137B in cash.......
& the talking heads want us to believe the little old Greek Island is to blame.......lol......we're smarter than that......
Use the Charts & Technical Analysis to stay one step ahead of the rest of the world!........(the herd).....$$$
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