I think we’ve already had the 5th wave down yesterday. Looks like we are bottoming here today. If so we should rally today (Wednesday) and continue probably until Friday of this week.
Now while it’s common to put in the low for the week on the Thursday or Friday prior to options expiration week (which is next Friday August 15th) and then have a bullish opx I get the feeling this time will be different. In fact I think we’ll “flip flop” and put the high in on the Thursday or Friday prior to opx week.
This suggests to me that next week will be a down week and not an up week. The trend appears to have changed from bullish to bearish. It’s not confirmed yet some (most) people out there see 2000 to 2100 yet to come. Then they see a Primary Wave 4 down followed by at Primary Wave 5 up into 2017.
But I have reason to (now) believe otherwise. While trying not to take a side and be a bear or a bull and just look at the facts and evidence to let the market tell us where it’s going I have enough evidence now to stay we’ve topped out for the year and most likely for the next 10-20 years (or more?).
I wrote it all up in a new post a few days ago but haven’t put up that post yet. I want to see evidence that we don’t put in a new high on this rally into the end of this week first. And quite frankly I don’t know if there is anyone out there reading anymore? Anna’s “HotOptionBabe” site seems abandoned too.
I talk to her on the phone several times and week and she’s just tired of it all she told me. Busy with other stuff and has just lost the desire to make new posts on the site. I understand as I myself have went from one post per day to one or two a month now.
It seems like it was all planned that all the “bear blogs” would die out and disappear when the stock market finally topped out and starts it’s crash move down. And here we are topped out and about to see the greatest crash happen in our lifetimes over the next 6 months. Such is the irony for all the big bears to be sleeping.
In my new post I point out a lot of reasons as to “why” we are going to crash this year and hit 666 SPX by December of 2014. It’s going to be a wild ride as it’s just getting started right now. We are going to witness another 1929, only worst this time.
Back to the short term…
If we rally up some today and close positive then “possibly” we have bottomed and will rally up into this Friday. Then if we the downward sloping trendline around 1960 currently I think that’s a “no brainer” short into next week. This should be that 20% of the time where opx week is bearish.
This move up should be a larger wave 2 up (with an ABC pattern inside it) as I think we’ve had a larger wave 1 down complete today. It has a nice 5 wave pattern inside it and the smaller wave 3 also has 5 even smaller waves inside it as well.
This sets up next week to start the larger wave 3 down, and it should be a very big drop I think. Get ready as this bear is just starting…
Looks to me like we are still in some smaller wave 4 up and wave 5 down should come Tuesday I guess. The target I have is 1885 SPX to end the 5th wave.
I now think that we are going down for the next 3 weeks and have begun the stock market crash of 2014. I used too have a FP of 1440 on the SPX but I can’t find it now. However, I have this TVIX FP showing about 36 on it. I think that’s our target before a nice bounce. Until then it’s just small bounces and lower lows. http://reddragonleo.com/wp-content/uploads/2013-12-02_1031.png
Trin was only a measly .92 on such a big down day.
Tomorrow, we have two big squares; a Venus-Uranus square and a Mars-Jupiter square.
Friday will be 4707 (117) days from a certain little event 12 years 10months 21 days ago. Back then Mars was in the third degree of a new house as well with Jupiter just a few ticks away from pulling off an opposition to Mars.
Last Friday looks like it was an occultic pentecost as it has kicked off this nasty little downwave. 4700 days from you know when….2 years 50 days from the grand reunion/ demise of Ray Bradbury or 780 days later..780===13×60 or 13x(20+20+20) 20 and 13 being the prime numbers in the Mayan mathematical system/ calendar.
Bloodbath in many stocks today with many plunging severely beneath lower BBs.
Australian dollar also nosedived below its lower BB.
I’m back to cash… 2-3 bad trades now. Market is now going to bounce since I’m out of it. Figures. I guess after 7 winners in a row I’d have to have a couple of losing trades.
I’m out of all longs… no bounce coming it seems. I’m going to take a short position. Yes, it’s crazy as we are WAY oversold. But this looks really bad right now and I don’t think and bounce is coming for awhile now.
I think we’ve already had the 5th wave down yesterday. Looks like we are bottoming here today. If so we should rally today (Wednesday) and continue probably until Friday of this week.
Now while it’s common to put in the low for the week on the Thursday or Friday prior to options expiration week (which is next Friday August 15th) and then have a bullish opx I get the feeling this time will be different. In fact I think we’ll “flip flop” and put the high in on the Thursday or Friday prior to opx week.
This suggests to me that next week will be a down week and not an up week. The trend appears to have changed from bullish to bearish. It’s not confirmed yet some (most) people out there see 2000 to 2100 yet to come. Then they see a Primary Wave 4 down followed by at Primary Wave 5 up into 2017.
But I have reason to (now) believe otherwise. While trying not to take a side and be a bear or a bull and just look at the facts and evidence to let the market tell us where it’s going I have enough evidence now to stay we’ve topped out for the year and most likely for the next 10-20 years (or more?).
I wrote it all up in a new post a few days ago but haven’t put up that post yet. I want to see evidence that we don’t put in a new high on this rally into the end of this week first. And quite frankly I don’t know if there is anyone out there reading anymore? Anna’s “HotOptionBabe” site seems abandoned too.
I talk to her on the phone several times and week and she’s just tired of it all she told me. Busy with other stuff and has just lost the desire to make new posts on the site. I understand as I myself have went from one post per day to one or two a month now.
It seems like it was all planned that all the “bear blogs” would die out and disappear when the stock market finally topped out and starts it’s crash move down. And here we are topped out and about to see the greatest crash happen in our lifetimes over the next 6 months. Such is the irony for all the big bears to be sleeping.
In my new post I point out a lot of reasons as to “why” we are going to crash this year and hit 666 SPX by December of 2014. It’s going to be a wild ride as it’s just getting started right now. We are going to witness another 1929, only worst this time.
Back to the short term…
If we rally up some today and close positive then “possibly” we have bottomed and will rally up into this Friday. Then if we the downward sloping trendline around 1960 currently I think that’s a “no brainer” short into next week. This should be that 20% of the time where opx week is bearish.
This move up should be a larger wave 2 up (with an ABC pattern inside it) as I think we’ve had a larger wave 1 down complete today. It has a nice 5 wave pattern inside it and the smaller wave 3 also has 5 even smaller waves inside it as well.
This sets up next week to start the larger wave 3 down, and it should be a very big drop I think. Get ready as this bear is just starting…
SPX and SPY update: http://screencast.com/t/Trt92CrRLvym
Looks to me like we are still in some smaller wave 4 up and wave 5 down should come Tuesday I guess. The target I have is 1885 SPX to end the 5th wave.
Today looks like a wave 4 up from the lows. Wave 5 down likely coming Monday…
I now think that we are going down for the next 3 weeks and have begun the stock market crash of 2014. I used too have a FP of 1440 on the SPX but I can’t find it now. However, I have this TVIX FP showing about 36 on it. I think that’s our target before a nice bounce. Until then it’s just small bounces and lower lows. http://reddragonleo.com/wp-content/uploads/2013-12-02_1031.png
It looks like we’ve heard from the losing side of the World Cup final today (winner in 1986)
What does the winning side have in store?
This week is also 1397 weeks from the lesser grand ritual….last Friday was 9776 days later.
Trin was only a measly .92 on such a big down day.
Tomorrow, we have two big squares; a Venus-Uranus square and a Mars-Jupiter square.
Friday will be 4707 (117) days from a certain little event 12 years 10months 21 days ago. Back then Mars was in the third degree of a new house as well with Jupiter just a few ticks away from pulling off an opposition to Mars.
Last Friday looks like it was an occultic pentecost as it has kicked off this nasty little downwave. 4700 days from you know when….2 years 50 days from the grand reunion/ demise of Ray Bradbury or 780 days later..780===13×60 or 13x(20+20+20) 20 and 13 being the prime numbers in the Mayan mathematical system/ calendar.
Bloodbath in many stocks today with many plunging severely beneath lower BBs.
Australian dollar also nosedived below its lower BB.
Well, I guess the gates of hades opened and caused the 300 point drop in the DOW today… LOL!
I’m back to cash… 2-3 bad trades now. Market is now going to bounce since I’m out of it. Figures. I guess after 7 winners in a row I’d have to have a couple of losing trades.
I’m out of all longs… no bounce coming it seems. I’m going to take a short position. Yes, it’s crazy as we are WAY oversold. But this looks really bad right now and I don’t think and bounce is coming for awhile now.