18 replies to this topic

[GDA]

oh, so now the 10% drop turned into a 15% drop

[andr99]

blu.....a friendly suggestion, don' t count too much on Elliott and planets, there are other classic weapons of TA that work far better 

[blustar]

Just sent out to my subs:

 

BluStar Market Insights: Morning Coffee 8:30 AM Central, July 26

 

SPX -16, PM's Mixed, Dr. Copper +2%, OIL +2%, $ +0.6%, Bitcoin -4%, Ethereum -9%, Bonds Up

 

Today should finish wave "z" of [a] of (Z) of the irregular topping action from July 20th and then we should enter wave [b] into the FED meeting somewhere around 3975. Wave [c] of (Z) is the devastating wave and is due 7/27- 29.

 

Hadik's 6 month low is from January 28, 2022 when the SPX made a higher low, but many other indexes like the Russell 2000 made a lower low. Also, the cycles needed to move out 1 TD to accommodate the FED cycles. January 26, 2022 was the FED announcement and two days later fell into the January 28 low.

 

Mercury in Leo sq. Mars/Uranus in Taurus creates a cycle band between late tonight and late Thursday and connects with Mars conj. Uranus on August 1. On Thursday, the new moon in Leo squares this band and Rahu in Taurus.

 

From early July 29 to early August 5 should see a strong 5 TD a-b-c rally to near 3755, with resistance into early August 2 ([a]), which should be the strongest part of the rally.

 

The final top of Wave W should occur early on the 12th of August.

 

There are three w-x-y waves (of varying degrees) since the June 17 low and they tell me that 3636 must be broken to the downside by Friday.

 

I will be looking at possible targets today.

 

Also, I had put too much emphasis on R.N. Elliott's Equality of Waves principle(which was really meant for 5 Wave Bull Waves) and not my own work on the Balance of Waves Principle, which works better with A-B-C Waves.

 

X=3 TD's, Y=10 TD's, Z=7 TD's.

 

3(X) + 7(Z) = 10(Y)

 

X June 27-June 30 (3 TD's)

Y June 30-July 20 (10 TD's)

Z July 20-July 29 (7 TD's)

 

Trade Safe,

 

Brad Gudgeon

Editor,

BluStar Market Insights

[blustar]

oh, so now the 10% drop turned into a 15% drop

15% was the NASDAQ

[blustar]

blu.....a friendly suggestion, don' t count too much on Elliott and planets, there are other classic weapons of TA that work far better 

So what is your fearless forecast?

[andr99]

I posted it already......

[GDA]

 

oh, so now the 10% drop turned into a 15% drop

15% was the NASDAQ

 

from 4000 to 3400 it's a 15% drop; either way, bad science fiction.

[blustar]

 

LIKELY OVER 13%

oh, so now the 10% drop turned into a 15% drop

15% was the NASDAQ

 

from 4000 to 3400 it's a 15% drop; either way, bad science fiction.

 

[GDA]

SPX on track for a 10% gain