Most of what I wrote applies to tomorrow is well. The grand reunion carried onto to 6-6 so add 50 days to that then that’s 7-26 or 7-12. 1105 tds (55), 257775 days from the original the Friday 13th and tomorrow is a Friday or 36825 (87) weeks later. 619 weeks 3 days ala 712.
And it is 1 year 6 days from the Dark Knight Rises opening and the concurrent event at the Century 16 theaters. 7761(7) days from the ode to the ’29’92 ritual date.
Whatever happens will carrythrough though…to another 25?
Very important gang… the penny stock mentioned in the newsletter has NOT started yet. It’s going to surprise a lot of people when it makes it’s 3-4 day run up. Don’t know the exact starting date but it’s really close now.
There’s an opportunity to take a short for 20-40 points with the 1653 SPX prior top being the lowest point it should reach but that opportunity isn’t likely today. I think it will arise today with a small rally to the 1690-1695 area for a smaller wave 2 (or B wave) up to complete.
Basically we started the first wave down from around 1698 earlier this week and should bottom today (could have already bottomed?), allowing the wave 2 back up into Friday. This sets up a wave 3 (or C?) down into Monday and/or Tuesday with 1653 area being the worst case deepest wave down.
It can simply be blamed on “uncertainty” about the FOMC meeting on Tuesday and Wednesday. But after it completes (and remember it could only drop to 1670 as there’s hardly any volume in the market right now) there’s still another move back up to hit and slightly pierce the 170.46 SPY print from last week.
So this whole move down (whether it’s a 5 wave pattern or just an ABC) is just a larger wave 4 with the larger wave 1 up starting at the 1560 low, ending at the 1625 high, then down for wave 2 to 1605 and that’s where the wave 3 up started and then later end at 1698.
And this whole 5 wave pattern from the 1560 low makes up a larger 5th wave up. So once it ends (above the 170.46 SPY FP) the larger still (5 wave pattern) from the 1343 low last year should end it’s wave 3 up. The wave 4 down just has to stay above that level to allow for a final 5th wave up into late this year or early next year.
At that point all waves will be completed from the 2009 low then we can start crashing to revisit that low again. So if we drop in August to 1440 area then look to go long into the rest of the year until we top 1800 or so as that area is likely to be the topping zone. Could happen this year or early next year… don’t know yet?
DOJ to finally file criminal charges against SAC (19-1-3) tomorrow. That should help get forced selling going. Futures aren’t reacting too much. Been waiting for this event.
Dow was down 25.5 pts or (-1.6%). FB is up 4.44 pts in afterhours at 26xxx….I saw Apple down 6.66 pts after the close yesterday at around 419 a share. It popped 21.52 pts today. or 5.14% higher to 440 xx.
Best place to short into Monday in my opinion… http://screencast.com/t/IAmafw6K
GOOGLE Negative Divergence: http://niftychartsandpatterns.blogspot.in/2013/07/google-negative-divergence.html
Most of what I wrote applies to tomorrow is well. The grand reunion carried onto to 6-6 so add 50 days to that then that’s 7-26 or 7-12. 1105 tds (55), 257775 days from the original the Friday 13th and tomorrow is a Friday or 36825 (87) weeks later. 619 weeks 3 days ala 712.
And it is 1 year 6 days from the Dark Knight Rises opening and the concurrent event at the Century 16 theaters. 7761(7) days from the ode to the ’29’92 ritual date.
Whatever happens will carrythrough though…to another 25?
CRUDE Oil Charts: http://niftychartsandpatterns.blogspot.in/2013/07/crude-oil-chart-analysis_26.html
Very important gang… the penny stock mentioned in the newsletter has NOT started yet. It’s going to surprise a lot of people when it makes it’s 3-4 day run up. Don’t know the exact starting date but it’s really close now.
There’s an opportunity to take a short for 20-40 points with the 1653 SPX prior top being the lowest point it should reach but that opportunity isn’t likely today. I think it will arise today with a small rally to the 1690-1695 area for a smaller wave 2 (or B wave) up to complete.
Basically we started the first wave down from around 1698 earlier this week and should bottom today (could have already bottomed?), allowing the wave 2 back up into Friday. This sets up a wave 3 (or C?) down into Monday and/or Tuesday with 1653 area being the worst case deepest wave down.
It can simply be blamed on “uncertainty” about the FOMC meeting on Tuesday and Wednesday. But after it completes (and remember it could only drop to 1670 as there’s hardly any volume in the market right now) there’s still another move back up to hit and slightly pierce the 170.46 SPY print from last week.
So this whole move down (whether it’s a 5 wave pattern or just an ABC) is just a larger wave 4 with the larger wave 1 up starting at the 1560 low, ending at the 1625 high, then down for wave 2 to 1605 and that’s where the wave 3 up started and then later end at 1698.
And this whole 5 wave pattern from the 1560 low makes up a larger 5th wave up. So once it ends (above the 170.46 SPY FP) the larger still (5 wave pattern) from the 1343 low last year should end it’s wave 3 up. The wave 4 down just has to stay above that level to allow for a final 5th wave up into late this year or early next year.
At that point all waves will be completed from the 2009 low then we can start crashing to revisit that low again. So if we drop in August to 1440 area then look to go long into the rest of the year until we top 1800 or so as that area is likely to be the topping zone. Could happen this year or early next year… don’t know yet?
CATERPILLAR Chart analysis: http://niftychartsandpatterns.blogspot.in/2013/07/caterpillar-death-cross.html
ES Support and Resistance levels: http://niftychartsandpatterns.blogspot.in/2013/07/es-support-and-resistance-levels.html
Of course 13 months 20 days from the grand reunion…. The two big numbers of the Mayan calendar. ie 2013 also the 42.
DOJ to finally file criminal charges against SAC (19-1-3) tomorrow. That should help get forced selling going. Futures aren’t reacting too much. Been waiting for this event.
Dow was down 25.5 pts or (-1.6%). FB is up 4.44 pts in afterhours at 26xxx….I saw Apple down 6.66 pts after the close yesterday at around 419 a share. It popped 21.52 pts today. or 5.14% higher to 440 xx.