5 replies to this topic

[Rogerdodger]

I can't show 2012 like Spielchker can, but how about October 2011?

In this chart, I matched the 2 double tops from 2007 and 2011 rather than matching Terry's date for the T ending.
If we were to repeat from here, we will hold the current price level, and get a dead cat bounce to previous resistance before plunging into Laundry's predicted early October "Ringing Cycle Low".
This would mean that the downgrade was already priced in last week and all we will get is volatility the next few days.
A plunge lower that holds cancels out this scenario, of course.
One thought I have is that the end of Mega T #3 should be worse than #2 IF Laundry's larger picture call for a 2012-2016 depression low has any validity.

Here's Laundry's Link

Edited by Rogerdodger, 07 August 2011 - 10:51 AM.

[zman]

I can't show 2012 like Spielchker can, but how about October 2011?

In this chart, I matched the 2 double tops from 2007 and 2011 rather than matching Terry's date for the T ending.
If we were to repeat from here, we will hold the current price level, and get a dead cat bounce to previous resistance before plunging into Laundry's predicted early October "Ringing Cycle Low".
This would mean that the downgrade was already priced in last week and all we will get is volatility the next few days.
A plunge lower that holds cancels out this scenario, of course.
One thought I have is that the end of Mega T #3 should be worse than #2 IF Laundry's larger picture call for a 2012-2016 depression low has any validity.

Here's Laundry's Link

possible...for ewavers are we currently in wave 3 from the top at 1354?

[thespookyone]

"possible...for ewavers are we currently in wave 3 from the top at 1354?" Of some degree, yes. The better question is-did the 3 stop Friday-and are you now in the 4-or did the 3 of 3 end Friday-and you sill have a 5 of 3 to go (Monday?).

[Rogerdodger]

Daa Boyz are making their plans as we speak.
They just noticed that there are not enough life boats on the Titanic for the men.
Some are putting on lipstick and dresses as we speak.


Finance leaders urgently discuss market stability
Deputies from the Group of 20 advanced and emerging economies talked by telephone Sunday about proposals to minimize market shocks, South Korea's central bank said. And the financial ministers from the Group of Seven economies planned talks before Asian markets open Monday.

Edited by Rogerdodger, 07 August 2011 - 11:23 AM.

[zman]

"possible...for ewavers are we currently in wave 3 from the top at 1354?"

Of some degree, yes. The better question is-did the 3 stop Friday-and are you now in the 4-or did the 3 of 3 end Friday-and you sill have a 5 of 3 to go (Monday?).

thanks spooky...I tend to think our ultimate destination for this decline is 1040 give or take a few points on either side

[Rogerdodger]

"possible...for ewavers are we currently in wave 3 from the top at 1354?"

Of some degree, yes. The better question is-did the 3 stop Friday-and are you now in the 4-or did the 3 of 3 end Friday-and you sill have a 5 of 3 to go (Monday?).

thanks spooky...I tend to think our ultimate destination for this decline is 1040 give or take a few points on either side

See SilentOnes $SPX Hurst Cycles Update
He has a rally first into Labor Day, then a 1050 minimum target.