22 replies to this topic

[blustar]

Why the Stock Market Must Fall Hard Monday

I have been warning for over a week now about a coming waterfall decline.  The wave counts and cycles are at the point where I believe it is a virtual impossibility for the market not to implode Monday for the biggest one day loss of the year.

 

This next chart shows the daily e-wave count: 

 

 

Now when we view the hourly chart (below), we see that we are down to the wire, the 3^rd of the 3^rd so to speak.  Notice also the rising wedge pattern (above) with earlier false break.

 

 

Next we view the daily chart of the GDX and future expectations (change dates 7/31, 8/14, 9/1, 10/9, 11/6, 12/22).

 

 

Next is a daily chart of the Dow Transports, which are breaking down badly and unlikely to recover with the expected new highs on the Indu, SPX and NDX August 14.

 

[da_cheif]

>I have been warning for over a week now about a coming waterfall decline<    ....    a week?

[dasein]

OK with me - but it never seems to happen when I would want it!

[trioderob]

"virtual impossibility" -  then bet the farm on it 

 

your system will never give you better odds than that !

 

could you let us know what your trade is  on this upcoming waterfall move ?

[alexnewbee]

Must? Market must nothing... Just might, but I doubt it.

[opinionated]

The more that think this, position for it the less likely....

[pisces]

The more that think this, position for it the less likely....

 

long ago i learned that i must not tell the market what to do but rather let the market tell me what to do !!

also mr. market is not listening to all those astro signatures laid out for it  ..  How can that be ? 

also i was wrong about s+p 2440 but eventually we might see it

[robo]

GLD/GDX data.....It's been a nice move up, but one should wait before adding now based on my data....

 

Good trading!

 

 

http://www.gold-eagl...price-update-36

 

https://freecotdata.com/commodities-2/

Edited by robo, 31 July 2017 - 08:38 AM.

[blustar]

Juy 31 AM Update

 

SPX futures +4 this morning. The cycles lately have been confusing. That we are about to begin a waterfall decline is not in dispute in my mind.  The cycles we have this week are the 5 week (due Thursday this week) and the 16 TD (due yesterday +/- 4 TD's).  The moon is in full Sagittarius Thursday which often times marks a low.  Counting the 8 TD cycles we have a 3rd one due Thursday this week from the June 29 low.  As far as the QQQ is concerned we have a possible low due as late as Thursday.

 

My initiation signal on Thursday got me all beared up for a 5% decline. It would be natural e-wave to take out a "c" wave by a larger degree B wave and that would be down to around 2352.

Watch for Uranus turning Rx on Aug 2.

[pisces]

Juy 31 AM Update

 

SPX futures +4 this morning. The cycles lately have been confusing. That we are about to begin a waterfall decline is not in dispute in my mind.  The cycles we have this week are the 5 week (due Thursday this week) and the 16 TD (due yesterday +/- 4 TD's).  The moon is in full Sagittarius Thursday which often times marks a low.  Counting the 8 TD cycles we have a 3rd one due Thursday this week from the June 29 low.  As far as the QQQ is concerned we have a possible low due as late as Thursday.

 

My initiation signal on Thursday got me all beared up for a 5% decline. It would be natural e-wave to take out a "c" wave by a larger degree B wave and that would be down to around 2352.

Watch for Uranus turning Rx on Aug 2.

 

 

sticking my neck out : s+p2450-2445 is going to hold today..2500 next maybe TWT..