40 replies to this topic

[blustar]

Usually, the MOM low comes 4 TD's before the actual low on the SPX and that is due at 1738 next Wed according to my read. If this is true, we could see true waterfall action today and also the SPX 1742/43 zone! I just have to say, the odds are extremely high for this event. In any event, my read is that it must occur no later than Friday this week on the 8/24 TD Gann low combo 13.7 month low +2 weeks, also known as the 14 mo. cycle low---in this case about 14.25 months from the Friday Nov 16, 2012 low. We also have the low of late August 2013 and the 19-22 week cycle due next week that combos with the 45 TD low.

I have posted all this earlier, plus the rising wedge and irregular megaphone pattern that morphs into a regular megaphone pattern, as well as perfect symmetry to the rising trend channel--new moon low. On top of that, the astro suggests extremely volatility this week and a reversal back up starting next week. I have posted E-Waves too and patterns like the double top last week. Yes, and also I must mention the weekly Bisector Low due on the SPX next week and the Bradley Helio major turn due today.

Anybody who is a technical market analyst can see the MOM divergences along with the OBV divergences on the SPX as it has topped. We also have an inter market bearish divergence as the NASDAQ made all time highs, while the Dow, SPX and NYA did not. The Nasdaq and NYA seem to be stronger than the SPX here, and the Dow Indu/OEX, weaker. On the FED low in December, the Dow and NYA did not not make a divergent low, but the SPX and Nasdaq did. This time the SPX looks like it will, but the NYA and Nasdaq will likely not do so. The Dow is a toss up, but perhaps will join the NYA and NASDAQ leading the market higher into Feb, I'm not sure. I believe the NASDAQ will be the place to invest on the next wave up, but this is also an early warning sign that must not be ignored, as the NASDAQ is typically associated with the more speculative side of the market.

I don't understand why some people on the board are ignoring Mark's indicators as they are warning of an impending decline!

Typically, when too many are bullish, the odds tilt the other way and the results can become extreme, like what I am expecting this week. My forecast last week looks to me to be off only about 2-3 TD's.

Here's a link to the charts:

My Charts

Good trading and remember to be kind to those on this board who make mistakes in their forecasts, including moi, cuz your day may be next!

blu

[fib_1618]

Suggest you keep your emotions in check and to not get too greedy...will probably wind up like the 13th, hit and run. That aside, you've aptly made your case which is to be respected regardless of the outcome. Fib

[SemiBizz]

I see it as a big ole battle of the Fibs here... 1812 and 1850. It took 3 tries to bust 1812 We will probably see another run to test this one (attempt # 3) after this pullback. I'm looking for 1810 to be tested. Before we test 1850.

Edited by SemiBizz, 23 January 2014 - 09:26 AM.

[zoropb]

I see it as a big ole battle of the Fibs here...

1812 and 1850.

It took 3 tries to bust 1812

We will probably see another run to test this one (attempt # 3) after this pullback.

I'm looking for 1810 to be tested.

Before we test 1850.

yep on larger level 1809+- area is on deck followed by 1790.25+- if we cannot recover the 1827.75 again on a close.

[blustar]

After looking at the markets today, I see that tomorrow will be the panic/mom low at or near SPX 1743. A VST buy will occur from Mon into Tuesday where the 4/8 TD top is and then down to 1739 by Thursday, not Wed as I had originally thought. This means the final low is reconfigured to Thursday Jan 30, the day after the FED meeting right on the new moon. The astro reversals are also strongest there.

[blustar]

The SPX snapped back perfectly to the broken trend line at close. It also formed a bearish flag in the process. Looks like 85 to 86 SPX points down tomorrow or about 4.6%.

[fib_1618]

The SPX snapped back perfectly to the broken trend line at close. It also formed a bearish flag in the process. Looks like 85 to 86 SPX points down tomorrow or about 4.6%.

Live by the sword...

Fib

[opinionated]

[blustar]

Also, the QQQ is forming an extremely bearish flat and it is in the 'b' wave degree before the 'c' of C of Z of (X) of "B" mini-meltdown. I predict QQQ 84.05 tomorrow, the exact point where the Dec 18 rally began and that folks is a 5% down day for that index! To be forewarned is to be forearmed. And, O, you can faint all you want and theatrics and stuff, but I hope you have nice stops in place: I believe you are going to miss out on a nice opportunity my friend, and Fib, yes I will live by sword, not die. If you all just took a gander at what I brought to you as far evidence, you wouldn't be so skeptical. I did a lot of work to figure this out. blu signing off... for now

[fib_1618]

and Fib, yes I will live by sword, not die. If you all just took a gander at what I brought to you as far evidence, you wouldn't be so skeptical. I did a lot of work to figure this out.

What you're continuing to miss here is that the market is limited by the degree of money that's in the system at any one particular time. If money were leading lower, then you might get these kind of "crash" targets, but it's not. But I do agree with the Elliott flat idea, although we're within hours of completion, and flats are patterns of strength when they occur in strongly advancing trends.

Anyway, another 80-100 SPX points lower from here, even within a week, would need help of a detonation of a nuclear bomb to produce such an result at this time.

As I said this morning, it will pay off later in not getting too greedy, and your opportunity to "hit and run" has probably passed.

Fib

Edited by fib_1618, 23 January 2014 - 07:03 PM.