Jump to content



Photo

Why the Stock Market Must Fall Hard Monday

SPX GDX Dow Transports

  • Please log in to reply
22 replies to this topic

#21 SilentOne

SilentOne

    Member

  • Traders-Talk User
  • 3,452 posts

Posted 31 July 2017 - 03:36 PM

 

 

There is a 20/40/80 week low due ideally around Aug 11. A new high is possible Tues/Wed this week.

 

While I like the Aug. 11th date and I think it could be a tradeable low I would have to add the following. There is nothing to suggest (breadth etc.) at this point if such a low comes (for US markets), that it would be anything near a synchronized low for the cycles mentioned above. Other global indices have been correcting with that potential, but not US indices. The $RUT just made new highs days ago and the $INDU today. I don't know what type of low forms from a Hurst point of view, but it is very unlikely to form that low in August. JMHO.

 

The one thing I will say is that when such large cycles trade into highs when such important lows are expected, trend changes are developing. And that's all I will say about that. zipped.gif


Edited by SilentOne, 31 July 2017 - 03:38 PM.

"By the Law of Periodical Repetition, everything which has happened once must happen again and again and again-and not capriciously, but at regular periods, and each thing in its own period, not another's, and each obeying its own law ..." - Mark Twain

#22 blustar

blustar

    blustar

  • Traders-Talk User
  • 6,138 posts

Posted 01 August 2017 - 10:29 AM

Correction: GDX low August 4, 22.05, high August 17 23.98 area, next low Sept 7, a lower low


Blessings,

 

blu

BluStar Market Insights Subscriptions

 

 


#23 gameover

gameover

    Member

  • Traders-Talk User
  • 846 posts

Posted 02 August 2017 - 01:40 PM

bluetard,

 

what a disgrace, clueless.  do you really have any subscribers?  must be special needs.

 

only one at this site with a clue is the CHIEF