Well it seems like this is it...

I wanted to post this, I will try to update this on a weekly basis here and on my little blog. I updated the Hurst setup below;

This setup shows that a Hurst FLD was finally triggered at the Friday's close targeting the 1125 zone. This is a very very dangerous setup as there are several cascading Hurst FLDs targeting to 1050 zone by March. We should see a sell off below 1131 support at this point next week.

If a sell off to 1125 is achieved, it is likely to accelerate lower and below 1100 level. The current pause zone underneath 1100 is a trap door that will not let the prices escape until early March. Hence, the downside target around 1050 is very likely to be achieved by the end of February.

There will be several Hurst FLDs setting up from there for an upward cascade, if such a setup is triggered, we should see a rally to 1200 or so in spring.

Best of luck.

Edited by arbman, 18 January 2010 - 05:32 PM.

I wanted to post this, I will try to update this on a weekly basis here and on my little blog. I updated the Hurst setup below;

This setup shows that a Hurst FLD was finally triggered at the Friday's close targeting the 1125 zone. This is a very very dangerous setup as there are several cascading Hurst FLDs targeting to 1050 zone by March. We should see a sell off below 1131 support at this point next week.

If a sell off to 1125 is achieved, it is likely to accelerate lower and below 1100 level. The current pause zone underneath 1100 is a trap door that will not let the prices escape until early May. Hence, the downside target around 1050 is very likely to be achieved by the end of February.

There will be several Hurst FLDs setting up from there for an upward cascade, if such a setup is triggered, we should see a rally to 1200 or so.

Best of luck.

i wonder how many other mkt participants are looking for this fractal...my money is on it

the pattern you are describing is exactly like the july 07 top and subsequent sell off

Edited by atlasshrugged, 18 January 2010 - 05:31 PM.

Actually the internal setup is similar to Feb 2007 setup though and probably we will see a similar outcome. This decline if it happens will scare a lot of folks and may help the central banks to print more. The Feb 2007 setup was the one that led to the monetary overdrive until summer...

Edited by arbman, 18 January 2010 - 05:37 PM.

Actually the internal setup is similar to Feb 2007 setup though and probably we will see a similar outcome. This decline if it happens will scare a lot of folks and may help the central banks to print more. The Feb 2007 setup was the one that led to the monetary overdrive until summer...

I am seeing the same pattern I think the same over drive will happen like 2007. That's what i am betting now.

I wanted to post this, I will try to update this on a weekly basis here and on my little blog. I updated the Hurst setup below;

Arbman,

what or where is your blog, please?

thanks, gis

I put it in my signature...