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Pop and Drop Monday?

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#11 beta



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Posted 11 July 2022 - 03:41 PM

Debt bubble implosion, dries up liquidity and it deflates assets. My downside target is 3466-70 by July 18, 3810ish by Sept 20 and then down to 2863 by January 6, which finishes a Triple Three A wave of [X] of {Z} of Wave IV (Wave III 1974-1999), a huge B wave rally into early/Mid Feb to near 3290 then crash-ola into March 17 to near 1865 SPX. [Y] of IV finished on Nov 5, 2021. There have been no true 5 wave advances since 1999.


Needless to say I'm bearish into July 18 (looking for a gap up 7/11)


He does not even need paper and ink any more to create Billions of dollars.

Since nothing much has been done (except timid interest rate increases), why should inflation reduce on it's own?

In previous times of high inflation, it continued on for many years. 



My count: 


W3 targets around 3200

W4 up to 3800

W5 down to 2200

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#12 MDurkin



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Posted 11 July 2022 - 04:05 PM

So hard to go that far in the future. My main long term indicator(monthly UTIL 10/12 Expo) has not triggered yet  If it does I say the top of 2009 might be a target to watch. Timewise the spring of 2024. Of course if it does not trigger than you know- watch the sky 

#13 GDA



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Posted 11 July 2022 - 05:58 PM

We obviously are not going to have a gap up today.


I sent this out to my subs this morning:


If you stop casually making references to imaginary subs, somebody may take you seriously.