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Massive Decline Ahead Update #1


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#1 Spectacular Bid

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Posted 23 August 2021 - 12:40 PM

On July 12th I posted that there would be no massive decline until one began sometime before December and ended by the middle of 2022. Nothing has changed regarding that, but I also wrote that I thought we would have a 5% to 7% correction before the end of August and other than a 3% correction in July and an even smaller correction in August we have fallen far short of my prediction and went almost 2% higher than what I thought the high would be in August which was 1% higher than 3380 which is around 4425. The summation indexes on both the NYSE and the NASDAQ have had quite a bit of weakness and in most cases this type of weakness has been associated with a 5% correction or more, but the rotation while taking one sector to the woodshed and buying another has been something to behold. I'll defer to Fib if this is not that unusual.  August isn't finished yet but that's where we stand so far. Unless something crazy happens I still believe we will be higher after whatever short term correction we do have and then sometime before December we start the massive decline. I'll be back with update #2 sometime later.

 

In the meantime I can't resist making a comment about blustar.  It's amazing that blustar posts so many different scenarios after one of his original posts, with many of these posts being wrong, but it's even more amazing that no matter how many different scenarios blustar posts he always has an Astrological alignment that corresponds to his new and improved scenario. I have always respected those who were able to use Astro with T.A. Arch Crawford being probably the best example. With that in mind I offer the following advice to blustar in case he runs out of Astrological formations.  Get in front of a full length mirror and turn around and then bend over and close your eyes and stay in that position until you are really dizzy. Then open your eyes while bent over and you should be able to see many different stars aligned with Uranus. Hope that helps.  

yes.gif



#2 andr99

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Posted 23 August 2021 - 01:24 PM

ancient Romans looked at the interiors of animals to forecast who would win battles, others look at stars and their alignements to forecast the stock markets, someone else ask to their priest if they are destined to heaven. The world is very strange......but surely funny. 


forever and only a V-E-N-E-T-K-E-N - langbard


#3 LMF

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Posted 23 August 2021 - 01:27 PM

I got my screenshot of this just in case it disappears later.

#4 Iblayz

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Posted 23 August 2021 - 01:49 PM

Literally laughed out loud at that one.



#5 andr99

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Posted 23 August 2021 - 02:09 PM

and what about elliott experts who change their count everytime it proves wrong and turn from bearish to bullish in a blink of an eye ? In 21 years I' ve seen so many funny situations that I' ve lost the count. 


forever and only a V-E-N-E-T-K-E-N - langbard


#6 Spectacular Bid

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Posted 23 August 2021 - 02:21 PM

I wrote this all in good fun. I've been wrong so I'm fair game if anyone wants to make fun of me. I do think that when one is making lot's of predictions and trying to sell a subscription service at the same time, that they have to expect some type of response to their public prognostications when they don't work out. Best of luck to all, including blustar and may every future prediction of his come true.



#7 pdx5

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Posted 23 August 2021 - 02:32 PM

Any massive decline will need a massive change in FED's easy money policy. Just my honest opinion without knowing anything about formations of the planets. I am shocked the far distant planet Uranus has so much influence on the markets. 


Edited by pdx5, 23 August 2021 - 02:35 PM.

"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule

#8 Spectacular Bid

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Posted 23 August 2021 - 02:43 PM

Any massive decline will need a massive change in FED's easy money policy. 

Totally agree. I believe it will happen slowly at first, then speed up.



#9 da_cheif

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Posted 23 August 2021 - 03:43 PM

watch the sky



#10 andr99

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Posted 23 August 2021 - 03:45 PM

the spx in the last 21 years entered a bear market only in 2000-2002 and 2008, so it counts for three years out of 21. But in those three years and in the month of February 2020 it lost a lot. That's the problem.....you have to avoid to be caught in a wrong short position in a bull market, but you also have to pay attention at when the bear market starts, because it's fast and furious and to recover the losses you need years. So definitely, top calling is a losing game, but also being too optimistic will put you in troubles. That's why trading is not easy......and that's why you need a proven technique which in my case is not based on astros nor elliott.....     


forever and only a V-E-N-E-T-K-E-N - langbard