I get the feeling that they will not go up to hit the FP (http://reddragonleo.com/wp-content/uploads/spy-fp-with-final-high-for-2013-showing-164-30.png) until next week. If we close down today by 10 points or more (on the SPX) then we could continue into Friday morning to put in the low. Then back up next week to hit the FP and end this bull market for this year, leaving only one more final high around 1700 SPX set for February 2014 around the Legatus meeting set for then. After that we should start the 1,000 point drop into the end of the year.
It’s taken me the last 4 years to learn what I’ve learned John, and I’m just scratching the surface right now. I share all I know on the blog freely presently so I don’t know what more I could offer you? You probably know more about it then I do. But I’ll let you (and everyone) know when I go short for my “wildcard” option play around Legatus.
Nice Zstock… your 152 DIA (about 15200 DOW) lines up with the FP from yesterday of 164.3 SPY (about 1643 SPX). Looks like we know the target just not the date yet. It might drop back 20-40 points first and then go back up next week? Hard to say at this point but I’ll be waiting patiently.
not much movement, we could still hit it today
I get the feeling that they will not go up to hit the FP (http://reddragonleo.com/wp-content/uploads/spy-fp-with-final-high-for-2013-showing-164-30.png) until next week. If we close down today by 10 points or more (on the SPX) then we could continue into Friday morning to put in the low. Then back up next week to hit the FP and end this bull market for this year, leaving only one more final high around 1700 SPX set for February 2014 around the Legatus meeting set for then. After that we should start the 1,000 point drop into the end of the year.
chartwise
http://www.stocktiming.com/Wednesday-DailyMarketUpdate.htm
Don’t talk like that… I’ve already made up my mind that 15,200 is the topping area.
Z, what are the possibility of 15600dow, some numbers are coming like that. possible bubble top
It’s taken me the last 4 years to learn what I’ve learned John, and I’m just scratching the surface right now. I share all I know on the blog freely presently so I don’t know what more I could offer you? You probably know more about it then I do. But I’ll let you (and everyone) know when I go short for my “wildcard” option play around Legatus.
Nice Zstock… your 152 DIA (about 15200 DOW) lines up with the FP from yesterday of 164.3 SPY (about 1643 SPX). Looks like we know the target just not the date yet. It might drop back 20-40 points first and then go back up next week? Hard to say at this point but I’ll be waiting patiently.
Silver triangle pattern: http://niftychartsandpatterns.blogspot.in/2013/05/silver-triangle-pattern.html
the plan
http://zstock7.com/wp-content/uploads/2013/04/dia-4-28aa.jpg
i agree with this print. that might very well be the top for may.
1620 eps top, 1635-1645 stock buyback top.