7 replies to this topic

[Frac_Man]

The fractal structure for the last 60 days is aligned for a significant decline. Perhaps the largest of the year. The current rally has nearly completed on iteration from a fractal generator that started in Jan. The last 4 weeks has produced another iteration for a near term top. The decline from the top has produced another generator that is pointing to the end of this rally. All the fractals are poised for a large drop ................ The Hankster Expect the Unexpected ....

[claire]

The fractal structure for the last 60 days is aligned for a significant decline. Perhaps the largest of the year.

The current rally has nearly completed on iteration from a fractal generator that started in Jan.

The last 4 weeks has produced another iteration for a near term top.

The decline from the top has produced another generator that is pointing to the end of this rally.

All the fractals are poised for a large drop ................


The Hankster

Expect the Unexpected ....

Thanks for the update Hank. Question: On your blog, it looks like you expect the DOW to be under 12000 on or about 4/16. Is that your timing for this low? TIA

[nimblebear]

Ok hank. Does that include gold and gold stocks?

[Frac_Man]

It looks that way .. yes

The fractal structure for the last 60 days is aligned for a significant decline. Perhaps the largest of the year.

The current rally has nearly completed on iteration from a fractal generator that started in Jan.

The last 4 weeks has produced another iteration for a near term top.

The decline from the top has produced another generator that is pointing to the end of this rally.

All the fractals are poised for a large drop ................


The Hankster

Expect the Unexpected ....

Thanks for the update Hank. Question: On your blog, it looks like you expect the DOW to be under 12000 on or about 4/16. Is that your timing for this low? TIA

the gold shares will probably sell off a bit ........... but gold should go to $800.00 first for the top

Ok hank. Does that include gold and gold stocks?

[jmicou]

The fractal structure for the last 60 days is aligned for a significant decline. Perhaps the largest of the year.

The current rally has nearly completed on iteration from a fractal generator that started in Jan.

The last 4 weeks has produced another iteration for a near term top.

The decline from the top has produced another generator that is pointing to the end of this rally.

All the fractals are poised for a large drop ................


The Hankster

Expect the Unexpected ....

Many are expecting a pullback in this area, so may not be so unexpected. I got a daily sell this AM, but let's see how it turns out. Max downside risk seems to be contained in the 2 to 2.5% range, for now. And that is if the pullback is that significant.

If the market were to make lower lows, given the current internal configurations, it would represent a significant buying opportunity.

[raleigh]

Expect the Unexpected .... That would be a vigorous rally of course.

[Islander]

The fractal structure for the last 60 days is aligned for a significant decline. Perhaps the largest of the year.

The current rally has nearly completed on iteration from a fractal generator that started in Jan.

The last 4 weeks has produced another iteration for a near term top.

The decline from the top has produced another generator that is pointing to the end of this rally.

All the fractals are poised for a large drop ................


The Hankster

Expect the Unexpected ....

--------------------------------------------A/D and Vol data suggest no decline in view except maybe for gold.
The setup for a decline is not pressent in the broad market. Adv leads Declines, and Up Vol over Dw is positive and increasing. No declines have occured under these conditions.

On the other hand XAU is stretched at 150 and I will hedge my positions for a decline.

[jmicou]

The fractal structure for the last 60 days is aligned for a significant decline. Perhaps the largest of the year.

The current rally has nearly completed on iteration from a fractal generator that started in Jan.

The last 4 weeks has produced another iteration for a near term top.

The decline from the top has produced another generator that is pointing to the end of this rally.

All the fractals are poised for a large drop ................


The Hankster

Expect the Unexpected ....

Many are expecting a pullback in this area, so may not be so unexpected. I got a daily sell this AM, but let's see how it turns out. Max downside risk seems to be contained in the 2 to 2.5% range, for now. And that is if the pullback is that significant.

If the market were to make lower lows, given the current internal configurations, it would represent a significant buying opportunity.

On a closing basis, sell signal was reversed. Have to see what tomorrow brings for the daily signals. Internals improved and there are some ST overbought conditions. OB does not mean sell. At this juncture, it would appear retracements, when they occur, would likely result in higher lows.

Edited by jmicou, 10 April 2007 - 06:40 PM.