It hasn't been posted here.
I have more to add so will repeat earlier info plus new thoughts and trust it might be displayed.
Here goes.
I mentioned recently that this latest rally action was reminiscent of previous blow-offs, characterised by a straight up move with gaps unfilled.
I could have given many examples but used one from Australian market in 1989 as a classic example.
I suggested this may be the fate of US indices.
Not so far but what happened to MFST ?
Almost an exact repeat after the last session.
Does this guarantee that US indices follow? No, but there are often precursors.
What about timing ? Here are some thoughts re 1987.
I believe Armstrong cycles are best used dynamically (from major turns) but his static dates often are significant.
The left shoulder of Armstrong's H&S 8.6 year pattern was due Oct 20 1987 and though it had been climbing for years and expected to be a top it was in fact the CRASH low.
The left shoulder of Armstrong's H&S 8.6 year pattern is due Aug 8 2013. Could it too be a crash low.
So patterns are similar and timing is similar but what else?
Sep 1987 was a monthly TDSEQH (DeMark sell signal).
Jun 2013 was a monthly TDSEQH sell.
Oct 2 1987 was the rally high and a TDSEQH daily sell signal.
Jul 16/17 2013 are daily TDSEQH sell signals.
I did mention that for July, any SPX close above 1683 is high risk and poor odds.
Just food for thought.
