If I were SkyNet I’d gap it up Friday morning to take out the bears and then immediately reverse and go down all day to take out the low which would then panic the bulls. Of course if there’s not many bears still short then I’d just gap it down tomorrow the take out the bulls. Since I’m already short I’d be happy either way as “if” they gap it up I’ll get another short position. If not then I’m happy with the shorts I have.
If yesterdays low of 1983 to yesterdays high of 1996 was wave A up then the move down to today’s low of 1985 was likely the B wave down. Then we are in the C wave up but it’s very weak. If it just equals the length of the A wave then it should go up 13 points from 1985, or 1998 to end the ABC move up that I think makes up a wave 2 up, which leaves wave 3 down to start into the close today or Friday.
Don’t know the label of it? But I’d suspect that Primary Wave 4 down would end at the October low. Then Primary Wave 5 up should start. However, it should fail after the first week, and then we crash.
We “appear” to be in a larger wave 2 up now with the move from 2011 to 1982 being the larger wave 1 down. There were 5 waves inside that first wave down and I’m expect 3 waves inside this wave 2 up. So far I can see what appears to be a completed wave A up, a slightly down (almost sideways) B wave and the start of a weak C wave up. If it doesn’t rollover today it should end tomorrow morning… probably at the open.
That could happen from some economic news or jobs report, etc… as the “why it went up” but after it ends early in the first part of the day the first wave 1 down inside the larger wave 3 down should start. This should take out today’s low and continue down the rest of the day and into Friday.
Considering that the first larger wave 1 down was 29 points (2011-1982) I’d expect a multiple either 1.618% or 2.618% of that amount to make up wave 3 down. So if it’s 1.618% then it’s about 49 points down from whatever tomorrows high is at. If we assume they will touch 2000 again then 49 points down from that is 1951 to end the wave 3 down.
I’d expect it to end early Friday and bounce some into the rest of the day to make the wave 4 up, which leaves the wave 5 down to happen Monday morning. After that I’d expect another ABC up into Wednesday for the FOMC meeting (possibly Thursday). It “should” be a nice move up to squeeze out the bears I’d think.
These larger 5 waves from 2011 top to possibly 1930-1935 Monday morning will of course make up an even larger wave 1 down. If we keep it simple and just put the low at 1931 (guessing here, just makes it easier to calculate) we’d have 80 points in total from 2011 to 1931 to make up those 5 larger waves down, which make an even bigger wave 1 down.
If we just do a 50% retracement of that (40 points up) we’d have a move back up to 1971 into the FOMC meeting (or possibly Thursday morning). Maybe we do 61.l8% retracement? i don’t the amount but the time period should put us either on Wednesday or Thursday the 17th/18th for this bigger wave 2 (meaning 3 larger waves up…ABC) up to end.
Then we should start the bigger wave 3 down, which should again be a multiple of that estimated 80 points from 2011 to whatever Monday’s low is. It will either be 1.618% of that or possibly 2.618% of it. Either way I’m expect a nasty move down to start right around next Wednesday or Thursday that should last for 2-3 weeks and put us well below 1800, and probably just below 1700 by the time the 4th and 5th wave end. Estimated completion of entire move is the end of the first week of October.
I see a little more on the upside today… possibly a hit of 199.9128 SPY as it might be a FP from yesterday. While I’ll already short I’ll take another short should that be hit. I’m looking for Thursday and Friday to be down quite a bit, closing the week below 1970 minimum and probably below 1950 SPX.
Thanks, but I must give credit and say that I’ve got help on the calls. Should bottom short term this Thursday or Friday, bounce some early next week going into the FOMC meeting and then start the big nose dive by the 18th. The following 2-3 weeks are going to be ugly for the bulls.
Don’t know but we should bottom in 2016/2017 on the larger picture. Short term we should bottom this Thursday/Friday and then bounce some next Monday-Wednesday for the FOMC meeting. After that I’m expecting a cliff dive to start.
Legend or fool… LOL
That is really putting it out there my man. We get even half of that by Oct..and you will be a legend.
If I were SkyNet I’d gap it up Friday morning to take out the bears and then immediately reverse and go down all day to take out the low which would then panic the bulls. Of course if there’s not many bears still short then I’d just gap it down tomorrow the take out the bulls. Since I’m already short I’d be happy either way as “if” they gap it up I’ll get another short position. If not then I’m happy with the shorts I have.
If yesterdays low of 1983 to yesterdays high of 1996 was wave A up then the move down to today’s low of 1985 was likely the B wave down. Then we are in the C wave up but it’s very weak. If it just equals the length of the A wave then it should go up 13 points from 1985, or 1998 to end the ABC move up that I think makes up a wave 2 up, which leaves wave 3 down to start into the close today or Friday.
Don’t know the label of it? But I’d suspect that Primary Wave 4 down would end at the October low. Then Primary Wave 5 up should start. However, it should fail after the first week, and then we crash.
Would move to first week of October be Major A or all of Primary 4 in your opinion? Thank you
We “appear” to be in a larger wave 2 up now with the move from 2011 to 1982 being the larger wave 1 down. There were 5 waves inside that first wave down and I’m expect 3 waves inside this wave 2 up. So far I can see what appears to be a completed wave A up, a slightly down (almost sideways) B wave and the start of a weak C wave up. If it doesn’t rollover today it should end tomorrow morning… probably at the open.
That could happen from some economic news or jobs report, etc… as the “why it went up” but after it ends early in the first part of the day the first wave 1 down inside the larger wave 3 down should start. This should take out today’s low and continue down the rest of the day and into Friday.
Considering that the first larger wave 1 down was 29 points (2011-1982) I’d expect a multiple either 1.618% or 2.618% of that amount to make up wave 3 down. So if it’s 1.618% then it’s about 49 points down from whatever tomorrows high is at. If we assume they will touch 2000 again then 49 points down from that is 1951 to end the wave 3 down.
I’d expect it to end early Friday and bounce some into the rest of the day to make the wave 4 up, which leaves the wave 5 down to happen Monday morning. After that I’d expect another ABC up into Wednesday for the FOMC meeting (possibly Thursday). It “should” be a nice move up to squeeze out the bears I’d think.
These larger 5 waves from 2011 top to possibly 1930-1935 Monday morning will of course make up an even larger wave 1 down. If we keep it simple and just put the low at 1931 (guessing here, just makes it easier to calculate) we’d have 80 points in total from 2011 to 1931 to make up those 5 larger waves down, which make an even bigger wave 1 down.
If we just do a 50% retracement of that (40 points up) we’d have a move back up to 1971 into the FOMC meeting (or possibly Thursday morning). Maybe we do 61.l8% retracement? i don’t the amount but the time period should put us either on Wednesday or Thursday the 17th/18th for this bigger wave 2 (meaning 3 larger waves up…ABC) up to end.
Then we should start the bigger wave 3 down, which should again be a multiple of that estimated 80 points from 2011 to whatever Monday’s low is. It will either be 1.618% of that or possibly 2.618% of it. Either way I’m expect a nasty move down to start right around next Wednesday or Thursday that should last for 2-3 weeks and put us well below 1800, and probably just below 1700 by the time the 4th and 5th wave end. Estimated completion of entire move is the end of the first week of October.
I see a little more on the upside today… possibly a hit of 199.9128 SPY as it might be a FP from yesterday. While I’ll already short I’ll take another short should that be hit. I’m looking for Thursday and Friday to be down quite a bit, closing the week below 1970 minimum and probably below 1950 SPX.
Thanks, but I must give credit and say that I’ve got help on the calls. Should bottom short term this Thursday or Friday, bounce some early next week going into the FOMC meeting and then start the big nose dive by the 18th. The following 2-3 weeks are going to be ugly for the bulls.
Don’t know but we should bottom in 2016/2017 on the larger picture. Short term we should bottom this Thursday/Friday and then bounce some next Monday-Wednesday for the FOMC meeting. After that I’m expecting a cliff dive to start.