The thing to consider is the majority of those running this rally are MOMOS, they will push the rally as hard as they can and then flip short.
These biggies LIKE to get as over rally as they can making the flip to shortside all the better.
i also believe that many bigtime institutionals , without saying so, are shifting to swing trade.
Harvard fired their Endowment Managers, it is my bet they have hired those the play an up and down market, short and long.
i feel the momo bail out percentage of sellers will be higher than ever in U.S. Market history, and most will then flip to short-side.
The talking heads on Financial Networks, in the main(not all), remain people to utterly IGNORE.
Most all that will be moving this market up and down DO NOT TALK ,THEY DO, they likely never appear on TV.
But i feel they could drive this rally until something happens to scare the market, and then will bail long/go short.
In their own minds i do not think they have for sure sell point until the 200ema as LONG as the LTBH suckers keep buying(as there are those now painting a fantasy of SPX new highs by next year. Yes, they actually exist, a lot of them. They perist until thy have no money left.As for shorting, they don't even know what it is except that it is unamerican and only evil people short, in their mind.)
i am sure the greatest target for the momo FLIPPERS is 1060, as that would be as great a short one could have since SPX broke 1137.
What i am saying is what Faber is saying, the market has never been more manipulated at anytime in history, it is getting hardfer and harder to make rational calls.
Remember the BIG OPERATORS SEE EVERYTHING, they see by the minute who is shorting what and how many shorts our moving in.
TSR is thinking the Big Boy MOMOS will running this rally until they have annihilated the short side, and THEN they will go short.
But their call remains with a huge spread, it is the top will be anywhere from DOW 9000 to DOW 10000.
Why? They have an historically proven RIGHT to NEVER EVER underestimate a Bear Rally.
And especially now when manipulation is astronomic.
Bottomline this Rally will last as LONG as Big Boys can SQUEEZE SHORTS PLUS see that the sucker crowd are still buying in.
i repeat THEY SEE EVERYTHING, they know who is buying they know who is shorting, so they will KNOW when the the "We never learn" PFs and 401ks and other institutions that have NOT learned have run out of cash, as the buying from them drops off they Big Boys will smash this rally.
TA only reveals the footprints of what's going on, we will NOT know this rally is over until the footprints change direction.
My HAL keeps saying next real resistance is 904(VBG:)--like i say, i don't know HOW HAL works--not at all. Max
For the record HAL resistances on this trip up has been 686/766/848 and for ahead 904 and then 925 and then not to 1006.
HAL has an algorithm known only to HAL(and who ever programmed it)--LOL!. Max
HAL itself has had a continuous buy signal on it's daily since SPY since 3/13/2009(SPY closed at 76.09 that day.
It had a continuous sell signal from 9/4/2008 to 11/25/2008.
And returned to a sell signal 1/16/2009 until 3/13.
So yes it does as a lag time as it awaits confirmatin.
It's MACD slope line actually gives a sell signal on to three trading days earlier.
SO KEEPING THAT IN MIND it's MACD SLOPE line is now JUST 00.10, where -00.01 is when Sell Signal arrives.
But MACD SLOPES do have headfakes. Max
i will be checking what i have found to be oft a very reliable signal, the Rydex Money Fund amount , data exclusive to Carl Swenlin. |
