Once again the market was manipulated to rally for Obams's needs. They run it down so it will run up when they want it. I am three for three on predicting when they will start the run down and when they will run it up (and I am making a nice profit). They did this for the senate elections, the launch of the GM IPO and for the first sales report of the new GM.
Aug 25th blog:
Gota crash to rally for elections
[ Remember the Augest drop and the September Rally until just after the elections?]
… “So what day do you start the decline and when do you let it bottom?
You would start it buy letting it run way over the 10400, then as it corrects you could use that downward momentum.
For the bottom: it would half to be about 8 weeks before the elections of Nov 2.
You would need 6 weeks to have it rally and not look like a whipsaw. At the bottom of the August run down you need about 2 weeks to define the bottom (old school typical reverse head and shoulders or 2 to 3 stair steps up).
Nov 2, minus 8 weeks. That would be Sept 7. Labor day is Sept 6 (a good day to make a speech.)” [This was exactly what they did.]
Last week:How Timmy will make GM rally.
"...If this scenario is correct then a day and a half before GM announces it’s sells report GM will be very low. If it is moving up ward for a least a half a day to a day and a half before the report, then a good report should catapult the stock."
"...Of course about the same time some news about Europe will change and the dollar will drop sending the market up. Funny how that seems to happen just in time for elections, GM’s IPO launch, and now maybe for their first report"
[ this also was exactly what they did, ]
[GM was at its low a day and a half before the sales report then catapulted from there(yes I bought near its low)]