The Nasdaq has formed a double top and the SPX a powerful running correction. Cycles are down into Friday/Mon with a target of 1604/05 SPX. From there a large rally should ensue, but not so much until after the 16 TD top peaks late next week and the next 8/32 TD cycle low comes in around Oct 16, then a huge rally into the next 32 TD cycle top which is due between Nov 1-4 on the New Moon and new highs, not above 1760. From there, cycles point down into late year or early Jan 2014, so a late year sell-off is looming. Wave analysis suggests a move to 1344 by then and then higher into mid year next year to new highs and terminal. The 4 year cycle suggests a 20%+ bear coming soon and that I believe will be the late year sell-off, so no Santa rally in the offing Virginia, sorry----
8 TD Top In
Started by
blustar
, Oct 02 2013 05:43 AM
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