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.
Tomorrow is 257,774 days from the original Friday the 13th episode.
1104(44) trading days from 3-6-9 and 1456 tds from 10-11-07.
9411 calendar days from the lesser grand ritual double five years ago or 25years9months6days or 1344 weeks 3days later.
619 weeks (another 79/ 61-16#)2 days from you know when or 11 years 10months14days later.
168 weeks from 5-6-10. Another 16/61 number……Flash crash week was 61 weeks from the 3-6-9 low…
5years9months14days (1414 or 55) from the 10-11-07 high. 14==27 and adds up to 5.
There’s more and these numbers are hinting at more than tomorrow. But crude oil, $rut, all sorts of bonds and utilities, lumber, gold started heading down today with many already producing TD daily bear flips.
12,12 or 24 (2013?) another major seasonal number…..DOLL theater…24also===44? There are some big 44 year anniversaries occurring now. Here’s a nice one: original True Grit release date on 6-11-69, the only movie that gave John Wayne an Oscar. Tomorrow is 44 years 44 days later. Today was 44 years 4 days from the moon landing and 44 years 8 days from the rocket launching (Appollo 11 rocket seen on the kids sweater in the Shining–and rocket motifs/ images adorning the walls of the Overlook hotel–rockets also seen 2010)
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.
S&P 500 Analysis after close: http://niftychartsandpatterns.blogspot.in/2013/07/s-500-analysis-after-closing-bell_25.html
Oh. I see the BAM and BAMA in there.
I did hear Air’s Surfing on the Rocket over the weekend. Reminded me of the new grand ritual anthem, Daft Punk’s Get Lucky.
I am not going to provide a link to the video. It’s just too weird but it does conjure up the Dr. Strangelove imagery (another Kubrick flick).
5 4 3 2 1 0
You won’t see me anymore
Surfin’ on a rocket etc. etc. etc.
Tomorrow is 257,774 days from the original Friday the 13th episode.
1104(44) trading days from 3-6-9 and 1456 tds from 10-11-07.
9411 calendar days from the lesser grand ritual double five years ago or 25years9months6days or 1344 weeks 3days later.
619 weeks (another 79/ 61-16#)2 days from you know when or 11 years 10months14days later.
168 weeks from 5-6-10. Another 16/61 number……Flash crash week was 61 weeks from the 3-6-9 low…
5years9months14days (1414 or 55) from the 10-11-07 high. 14==27 and adds up to 5.
There’s more and these numbers are hinting at more than tomorrow. But crude oil, $rut, all sorts of bonds and utilities, lumber, gold started heading down today with many already producing TD daily bear flips.
12,12 or 24 (2013?) another major seasonal number…..DOLL theater…24also===44? There are some big 44 year anniversaries occurring now. Here’s a nice one: original True Grit release date on 6-11-69, the only movie that gave John Wayne an Oscar. Tomorrow is 44 years 44 days later. Today was 44 years 4 days from the moon landing and 44 years 8 days from the rocket launching (Appollo 11 rocket seen on the kids sweater in the Shining–and rocket motifs/ images adorning the walls of the Overlook hotel–rockets also seen 2010)