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Overview August 9-18

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#1 blustar

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Posted 06 August 2021 - 12:24 PM

  I just sent this out to my subs:


Date: Fri, Aug 6, 2021 at 12:13 PM
Subject: Overview Aug 9-16 Update


The NDX has moved down into a 3 TD (4-1) low today leaving me to believe that the stronger indexes like the SPX and DJI may see a real blow off top Monday.  I have a maximum upside at 4486/87 SPX for Monday. This is not a prediction, just an observation I may explain later. 
 
I have been saying all along that 4469 would be ideal.  4440 SPX was the minimum and we just hit that today with what looks like more to go to the upside (there is talk that Congress may pass the Infrastructure Bill this weekend, which would be both both good news in the short term and bad in the long for various reasons: expanded debt at this juncture is one of them creating even more massive inflation, especially If we go into another lock down!)
 
On the night of the 9th, we have Venus in Virgo opposing Neptune Rx in Pisces. Also, on the night of the 10th we have Mer in Leo opposing Jupiter Rx in Aquarius. Both of these alone are high level reversal signatures, along with last week's Sun T-squaring the Saturn/Uranus square and the new moon in Leo makes Monday suspect to me as the final top, not to leave out the EWP (Equality of Waves Principle in this case "c" = "a" in time but not price, at least in all 4 days combined...).
 
I see why 8/13 is a TLC low on the downside as Monday the 16th (Venus> Libra near the 1st Q phase of the moon) is likely to gap up (TD 4+1 top 'b' wave) and then sell-off into the 18th into 'c' of [a] of A.
 
Early WED has Mars in Virgo sq. Rahu in Gemini, so Wed. should gap down, but WED night has Venus in Virgo trine Pluto in Capricorn revisiting the COVID/Debt theme, which should cause even a bigger gap down Thursday and that should be the final top of the expected strong gold/GDX rally, which I believe begins today and ends early Thursday.
 
I'm better analyzing GDX than the metals themselves, as it trades more like a  stock than commodity. GDX should snap back toward the 37 area I would think.
 
--
Cordially,
 
Brad Gudgeon
Editor,

 


Blessings,

 

blu

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#2 GDA

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Posted 06 August 2021 - 01:48 PM

Is this a final final top or just another one in an endless string of fruitless top calling attempts:

 

I'm calling THE top at least on a closing basis for Friday July 16, 2021

 

Expecting ortho top on the 26th and perhaps irr top on the 29th of July then 41-42% bear into Oct 20th. We are ending Benner's Cycle 2018-22, 34 fib years ago was 1987 which was another ending of Benner's Cycle..  The SUN in Leo activates the Saturn/Uranus square August 2-6.  August is the kick off down about 20% into August 24.

 

Now expecting ortho top on the 29th of July above 4414 and an irr. top on the ndx and spx on AUG 4 (Min High 4424/25, Max high 4469).. A VST top should occur on the 23rd and a VST low on the 27th. This should be the last top before a 41-42% bear market into Oct 24 ~. to about 2600 SPX  Monday was a shot across the bow, IMO.



#3 LMF

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Posted 06 August 2021 - 03:05 PM

UVXY new all time lows at the close today. Looking for a 60 minute diverging high on TQQQ next week at a minimum.

Edited by LMF, 06 August 2021 - 03:07 PM.


#4 blustar

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Posted 06 August 2021 - 07:43 PM

I already said I corrected the top of July 16. We went short on the 16th and long on the 19th. We stayed overall bullish expecting a top around August 4/5. Yesterday I expected that top today but todays action suggested one more day into Monday for THE top. I dont see it going beyond Monday.

Blessings,

 

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#5 gannman

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Posted 08 August 2021 - 10:16 AM

no top any time soon imho just my take i could see gdx bottoming over the next two weeks 

 

have to see how it acts


feeling mellow with the yellow metal


#6 blustar

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Posted 09 August 2021 - 09:36 AM

Looking for an extension for the SPX top to a Tuesday or Wednesday top probability this week, knocking out today. Today looks to be a 4 TD low and late Friday had the Sun sq. Uranus, so this fits. The 11th (A Bradley turn) has Venus in Virgo trine Pluto in Capricorn, revisiting the COVID/DEBT theme. The PM's are creating a POS D this morning and look to rally into the 13/16th.


Blessings,

 

blu

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#7 GDA

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Posted 10 August 2021 - 09:30 AM

Looking for an extension for the SPX top to a Tuesday or Wednesday top probability this week, knocking out today. Today looks to be a 4 TD low and late Friday had the Sun sq. Uranus, so this fits. The 11th (A Bradley turn) has Venus in Virgo trine Pluto in Capricorn, revisiting the COVID/DEBT theme. The PM's are creating a POS D this morning and look to rally into the 13/16th.

you know what they say about housewife astrology ?



#8 12SPX

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Posted 10 August 2021 - 10:22 AM

For some reason it makes me think of the movie Ground hog day lol!