Will Light Volume Keep The Market From Tanking The Week Before Christmas-Part2.mp4

The short term charts say more selling is coming, but with the expected light volume we might not see very much...

You all know by now that the stock market is a rigged game that is manipulated via a super computer (call it "HAL 2000" for you older traders, or "SkyNet" for Terminator fans). This computer has a different setting of trading parameters then what we traders see and trade off using various technical analysis techniques and wave counting methods. But, that doesn't mean that it totally ignores the techniques we sheep us, but it instead simply tries to trick us and do the opposite of what we think and do... and for the most part, it beats us most of the time!

Right now, the charts I'm looking at say that we have more selling coming next week... but will it happen? The light volume will happen because many traders will be taking off for the Christmas holiday, which usually means that the market will float higher... but not always. SkyNet could simply uses this period to slowly walk the market down lower but keep the VIX from rising too much and panicking traders. If this happens then we could see the VIX trade slightly up to sideways putting in a bear flag over this coming week, while at the same time the market works off it's bearish conditions and resets for a move higher the following week.

The question is, how low will they take it? I'd say on the very bearish case that 1150 spx area is a likely target, but a less bearish case could mean only around the area of 1200-1210 spx. This would imply one more drop is coming next week. That drop could come on Monday as the 30 and 60 minute charts have a bear flag on them from last week. While I know that not all bear flags play out (especially during light volume periods) this one has support form the daily and weekly charts too.

http://reddragonleo.com/2011/12/18/will-light-volume-keep-the-market-from-tan...

Category:

News & Politics

Tags:

• SPX
• spy
• stock market
• stock market crash
• dow
• dji
• david wilcock
• christmas

[torkjoy1]

I have been following your predictions for about a month or 2 and you have been perfecly wrong every time. Maybe I should start putting my money where you don't recommend