tag:blogger.com,1999:blog-8084606426992105990.post9174030703472537197..comments2023-10-29T06:32:19.009-04:00Comments on The Keystone Speculator™: Keystone's Midday Market Action 7/15/13Keystone Speculatorhttp://www.blogger.com/profile/15343512310307344717noreply@blogger.comBlogger9125tag:blogger.com,1999:blog-8084606426992105990.post-91703215530706810912013-07-15T17:12:01.066-04:002013-07-15T17:12:01.066-04:00No, after that it's a little cliff for bears b...No, after that it's a little cliff for bears between wave 4 and final wave 5 if you know what I mean. <br /><br />It's a matter of pivots right now. If this wave 3 (now rolling) reach the 1699 pivot (1695-1705 area) a pullback of 25-35 points will excite all bears still alive that will put their farm on shorting bets. <br /><br />But surprise! <br />A fast and furious (as time) climb to 1779 pivot (1772-1785) might appear. If last wave truncates it still will reach 1740-1750's. <br />Never short unconfirmed downtrends! It's basic this thing! ...or I'll take it from you and you will bark at me :) ... <br /><br />Another possibility is a potential head 'n' shoulders now having under construction the head. But I wouldn't bet my money on that - too obvious. <br /><br />Until the pivots at 1680 and 1699 show us the way, everything is possible. <br />Tomorrow or the day after tomorrow when Ben will speak, extending the up move beyond the 1680 maximum limit (1687 in cash) and entering in 1699 pivot area (1692-1706 area) to end this wave 3 allows after a shallow pullback (25-35 points) a violent move to 1770's in 10-15 days.<br /><br />Until mid-August (10-15?) the cascade will begin. Watching the trine Jupiter-Uranus-Pluto (7-21 August 2013)... last time when it appeared Lehman Brothers crumbled.<br /><br />Keep you powder dry, you'll thank me in a few weeks!<br /><br />GS guy <br /> Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8084606426992105990.post-26237239253804749862013-07-15T15:40:00.200-04:002013-07-15T15:40:00.200-04:00You sure bout that GS Guy? 1695-1705 I agree with,...You sure bout that GS Guy? 1695-1705 I agree with, but after that is the cliff if you know what I mean. <br /><br /><br />F.BarkMehttps://www.blogger.com/profile/08947011534983876364noreply@blogger.comtag:blogger.com,1999:blog-8084606426992105990.post-54932610442998904872013-07-15T14:02:34.847-04:002013-07-15T14:02:34.847-04:00That is funny, yep, like watching porch and floor ...That is funny, yep, like watching porch and floor enamel dry. LOL That would take a couple days. Markets are at an interesting juncture, the expectation is for a pull back but the VIX and TRIN will not move higher. It may be an interesting finish today. Early in the week, right now, is the best chance for bears this week since the OpEx lift and congressional testimony bullishness should help the bulls. You never know what is coming at you in these markets.Keystone Speculatorhttps://www.blogger.com/profile/15343512310307344717noreply@blogger.comtag:blogger.com,1999:blog-8084606426992105990.post-42926178166387819132013-07-15T13:38:45.523-04:002013-07-15T13:38:45.523-04:00Thanks, GS Guy. In the meantime, today's acti...Thanks, GS Guy. In the meantime, today's action is like watching paint dry... the old kind that dried slowly.Charles Hugh Smithhttps://www.blogger.com/profile/12991955853189070212noreply@blogger.comtag:blogger.com,1999:blog-8084606426992105990.post-61752141433208117862013-07-15T12:40:42.090-04:002013-07-15T12:40:42.090-04:00Look, I'm a good guy, I'll tell you the ta...Look, I'm a good guy, I'll tell you the targets: <br />- 1695-1705, than 1680's, than 1770's (more or less 10 points).<br /><br />GS guyAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-8084606426992105990.post-15604680051175522442013-07-15T12:30:31.718-04:002013-07-15T12:30:31.718-04:00Looks like they are going to start a selloff soon....Looks like they are going to start a selloff soon... and trap more bears when ben testimoney is released before trading starts on wed with a gap up...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8084606426992105990.post-24922307184465973412013-07-15T12:13:05.447-04:002013-07-15T12:13:05.447-04:00Yep, just like you said Weaver, so it was an origi...Yep, just like you said Weaver, so it was an original 10 AM release. It is funny where they say it is a heads up for the committee, it is more like a heads up for markets. http://www.marketwatch.com/story/bernanke-testimony-to-be-released-830-am-wed-2013-07-15Keystone Speculatorhttps://www.blogger.com/profile/15343512310307344717noreply@blogger.comtag:blogger.com,1999:blog-8084606426992105990.post-41880642439284212712013-07-15T12:01:03.115-04:002013-07-15T12:01:03.115-04:00That may be a release of his opening comments ahea...That may be a release of his opening comments ahead of time (in written form) and then he repeats them at 10 AM or they just commit them to the Minutes and then at 10 AM begins a question and answer period??Keystone Speculatorhttps://www.blogger.com/profile/15343512310307344717noreply@blogger.comtag:blogger.com,1999:blog-8084606426992105990.post-76072405486287873112013-07-15T10:43:38.818-04:002013-07-15T10:43:38.818-04:00Interesting. Why would Bernanke move up the releas...Interesting. Why would Bernanke move up the release of his Wednesday Congressional comments to 8:30 (Eastern) instead of within market hours at 10?Weavernoreply@blogger.com