At least that low David as wave 3’s or C’s are longer then wave 1’s or A’s. So if wave 1 was from 1709 to 1693 on the SPX then that’s 16 points. If you multiple 16 times 1.786 you get 28 points. So we should drop 28 points from 1699 or around 1671 spx.
Yes, they have something up their sleeve and it’s not good for the sheep I bet. We should have rallied more today with the light volume so they are about to trick us I think. Look at this chart and tell what will happen when the blue rising trendline breaks (inside the 2 black trendlines that make up the channel)?
Market looks like it’s trying to rally here but appears too weak to do so. With such extremely light volume today you’d think they would have rallied by now? The short term oversold charts have worked off most of that condition and are move up steadily on their histogram bars but the market chops sideways.
Obviously that’s called a bear flag. So unless there’s some huge rally in the last half hour to close the market green I’m going to think that SkyNet wants to keep the market down here as it’s planning on moving lower again tomorrow.
Gang, Ali hasn’t had time to do another update by after speaking with him a few days ago he stated very clearly that August 7th the market should be down. Something he see’s in the harmonics. Since we appear to be in some type of wave 2 up right now the charts support a wave 3 down tomorrow… which aid’s in what Ali see’s happening on the 7th.
S&P 500 Analysis After Closing bell: http://niftychartsandpatterns.blogspot.in/2013/08/s-500-analysis-after-closing-bell_7.html
At least that low David as wave 3’s or C’s are longer then wave 1’s or A’s. So if wave 1 was from 1709 to 1693 on the SPX then that’s 16 points. If you multiple 16 times 1.786 you get 28 points. So we should drop 28 points from 1699 or around 1671 spx.
Yes, they have something up their sleeve and it’s not good for the sheep I bet. We should have rallied more today with the light volume so they are about to trick us I think. Look at this chart and tell what will happen when the blue rising trendline breaks (inside the 2 black trendlines that make up the channel)?
http://stockcharts.com/public/1092905/chartbook/254097560;
bankers waiting to screw dip buyers with a sell into any rally but dip buyers didnt show up today
Market looks like it’s trying to rally here but appears too weak to do so. With such extremely light volume today you’d think they would have rallied by now? The short term oversold charts have worked off most of that condition and are move up steadily on their histogram bars but the market chops sideways.
Obviously that’s called a bear flag. So unless there’s some huge rally in the last half hour to close the market green I’m going to think that SkyNet wants to keep the market down here as it’s planning on moving lower again tomorrow.
Update opinion on FP on the SPY… http://screencast.com/t/O88M1924F
SPX trendline supports the “possible” FP’s on the SPY…
http://screencast.com/t/NHU1dmMfeoEm
ES Support levels: http://niftychartsandpatterns.blogspot.in/2013/08/es-chart-analysis_6.html
Gang, Ali hasn’t had time to do another update by after speaking with him a few days ago he stated very clearly that August 7th the market should be down. Something he see’s in the harmonics. Since we appear to be in some type of wave 2 up right now the charts support a wave 3 down tomorrow… which aid’s in what Ali see’s happening on the 7th.
New FP on the SPY of 170.74… http://screencast.com/t/lJBh2xCT