5 replies to this topic

[blustar]

I'm not saying for sure SPX 1536, I'm saying possible. Otherwise, 1604/05 is my target. If we can't get to 1536 on this cycle low, we will go even lower later this year in early Dec to perhaps 1475, but meanwhile a bounce to new highs is in the cards after low this either way by early Nov. Today I'm looking for 1693 SPX. Today will finish a B Wave bounce of unknown degree.

Today is TD 8 after the 32 TD cycle top of Sept 19; late Friday is TD lo 8/24, the 55 mo. cycle low and a new moon in Libra. If it can go to 1536, the condition is ripe right here. Again, not saying for sure, just saying maybe. I'm not sure what degree we are in as far as e-wave count. My preferred count is finishing b of Z of a B WAVE irregular, strong flat, of an ABC larger Y Wave going to c of Z of a B WAVE by Fri/Mon. However, the other count has us finishing Wave Y on Sept 18/19 and we are currently in Wave Z. Either way, a big drop coming this week after the early day rally Tuesday.

In my opinion, the correct position is to short the expected opening rally Tuesday.

[blustar]

Today's move to 1696/97 SPX finishes a B Wave running correction, which has powerful down side implications for a low somewhere between Fri/Mon into the low 1600's. The QQQ made a double top today suggesting a move back to it's prior low of late August as a minimum, breaking it's rising wedge. Once resolved, this pattern is very bullish suggesting a move back at least into the 1740's if not higher by early Nov. So far I'm off, three points in my earlier prediction today. Yesterday, I became very bullish suggesting a fast short covering rally into day's end or early Tuesday and we seemed to have gotten that.

[NAV]

finishing b of Z of a B WAVE irregular, strong flat, of an ABC larger Y Wave going to c of Z of a B WAVE

[The End]

Blu, ********* bless ya. I bet $1000 vs your $50 that we don't get within 5% of 1536 SPX in the next few days. WTF are you smoking? These very large moves you have prognosticated and posted about all these years happen at a rate of perhaps 1 in 50. I don't know how you keep your faith.

[The End]

In the above post I typed G dash D and I got all those asterics. I never take the lords name in vain and typing it with a dash in between the G and the D should have been fine. It says A LOT about who runs this joint.

[blustar]

In the above post I typed G dash D and I got all those asterics. I never take the lords name in vain and typing it with a dash in between the G and the D should have been fine. It says A LOT about who runs this joint.

I'm thinking 1604/05 by Friday. That was my alternative count. The 8 TD top can run 9 and looks to rise on the open Wed to above Tuesday's high. 1612 is 5% above 1536.