Next Monday (November 2nd) is where I’d be “likely” looking to average into a short position. Of course it depends on the charts but I think we top on November 3rd… the debt ceiling day. Again, from a TA point of view and EW count point of view this rally should end around then.
Throw in the debt ceiling deadline and the Economist 2015 cover with a “possible” coded message taking about November 3rd and the 5th, I’d say we have good evidence to support a top and drop.
From a technical point of view (and Elliottwave) we should pullback a little after the FOMC meeting today (probably top and drop on Thursday) and then rally back up Friday and into early next week to top out in the 2100 SPX area (+/- 10 points?).
Funny how well this technical analysis lines up with the government running out of money. Is everyone just expecting that the debt ceiling will be raised again just because it has been raised 74 times since 1962?
Cubs were eliminated by the Mets so no World Series for them. In the first Back to the Future flick, they depart for the past (11-5-55) on October 26, 1985.
Well, the dollar needed to start rallying to get the next leg down going ie overseas corporate earnings getting hammered.
It looks like we should spike up to the 200 day average tomorrow. The 200 day average was a potential target for this rally and the B wave topped in June 2008 at the 200 day average.
Also having been comparing the recent activity to the 1937 action and the B wave then did rally for 2 months into August of that year for something around 42 trading days. So far this counter-trend rally has done an initial 17 day bounce followed by an 8? day decline followed by a second bounce of 17 tds into today for a 42 day pop. Tomorrow also is the 708 year anniversary of a certain little event if measured by the Gregorian calendar.
I do see an astro-catalyst now in the offing.
The Steve Jobs movie is now out. Officialy, it was scheduled for release tomorrow Oct. 23 but it has already had a limited release. A nice harbinger of the upcoming tech bubble bust. Its the second JOBS movie now; they seem to have some fascination with him. This one, though, was penned by the Social Network writer so it should have some nice occultic tidbits. It was also the flick that was predominately referenced in the hacked Sony emails last December. Also directed by the director of 127 Hours and who later was responsible for the controversial London Olympics Opening Ceremonies so that should give it an extra occultic punch.
Next Monday (November 2nd) is where I’d be “likely” looking to average into a short position. Of course it depends on the charts but I think we top on November 3rd… the debt ceiling day. Again, from a TA point of view and EW count point of view this rally should end around then.
Throw in the debt ceiling deadline and the Economist 2015 cover with a “possible” coded message taking about November 3rd and the 5th, I’d say we have good evidence to support a top and drop.
http://vigilantcitizen.com/vigilantreport/economist-2015-cover-filled-cryptic-symbols-dire-predictions/
From a technical point of view (and Elliottwave) we should pullback a little after the FOMC meeting today (probably top and drop on Thursday) and then rally back up Friday and into early next week to top out in the 2100 SPX area (+/- 10 points?).
Funny how well this technical analysis lines up with the government running out of money. Is everyone just expecting that the debt ceiling will be raised again just because it has been raised 74 times since 1962?
http://z3news.com/w/treasury-secretary-lew-strange-warning-terrible-accident/
ES Futures Morning Update October 27th, 2015 – http://screencast.com/t/uriOJvwAcz
It’s in the trailer….as the destination date.(a quick shot) They also show a newspaper dated November 5,1955.
How do you get 11-5-55 from October 26th, 1985?
SPX Morning Update October 23rd, 2015 – http://screencast.com/t/K0eSuccI5r
ES Futures Morning Update October 23rd, 2015 – http://screencast.com/t/HLitC3vUVOnX
Cubs were eliminated by the Mets so no World Series for them. In the first Back to the Future flick, they depart for the past (11-5-55) on October 26, 1985.
Well, the dollar needed to start rallying to get the next leg down going ie overseas corporate earnings getting hammered.
It looks like we should spike up to the 200 day average tomorrow. The 200 day average was a potential target for this rally and the B wave topped in June 2008 at the 200 day average.
Also having been comparing the recent activity to the 1937 action and the B wave then did rally for 2 months into August of that year for something around 42 trading days. So far this counter-trend rally has done an initial 17 day bounce followed by an 8? day decline followed by a second bounce of 17 tds into today for a 42 day pop. Tomorrow also is the 708 year anniversary of a certain little event if measured by the Gregorian calendar.
I do see an astro-catalyst now in the offing.
The Steve Jobs movie is now out. Officialy, it was scheduled for release tomorrow Oct. 23 but it has already had a limited release. A nice harbinger of the upcoming tech bubble bust. Its the second JOBS movie now; they seem to have some fascination with him. This one, though, was penned by the Social Network writer so it should have some nice occultic tidbits. It was also the flick that was predominately referenced in the hacked Sony emails last December. Also directed by the director of 127 Hours and who later was responsible for the controversial London Olympics Opening Ceremonies so that should give it an extra occultic punch.
SPX Late Day Update October 22nd, 2015 – http://screencast.com/t/Pw3Oycy0