I believe Reinhardt thinks it’s going to be about a 5%-8% correction, but Ali doesn’t know about the depth as only the turns are told with his octave periods (as far as I can tell?). He has told me that the August turn (down of course) will be “the big one” as I’m assuming that’s based on which octave periods line up for that date range.
Meaning that the larger one’s (like the larger chart time periods) carry more weight and therefore mean that the sell off will be much larger. I see the August one as a “crash” and it should be bigger then the 2008 one.
That was a great video Red.Does Ali have any idea on the depth of the correction into Feb 25 th area? I am now long from approx 1455 level. I sold my shorts a little to early at 1457 level. I will be scaling out of my longs within the next two or three days. The vix is in uncharted territory.
As for the Feb 25th time frame, I see no more than a 9%-11% correction.
I see 4 wave from the 1467 spx high, with this move up being the wave 4 of those possible 5 waves. Looking at the charts tells me we could still move down one more time for a 5th wave to possibly the “gap window” level of 1448.55 from 1/2/13 to complete this move.
If so, then I’d expect them to turn the market back up and rally to breakthrough the 1470-1474 resistance zone. Possible high is the 1500 level of course but knowing how these gangsters think I’d really expect them to either fall short around 1490-1495 to not allow the bears waiting at 1500 to get short… or go through 1500 by 10-20 points to squeeze out those bears that do attack at 1500.
But, since they seem to be running dry on bears to squeeze at this current level and on manufactured news to get something started (not much important news all week) I’m leaning toward “not piercing” the 1500 zone and falling short.
This market isn’t just about price levels but also about time. When you fail to hit a price level by and certain time you have too drop back a bit to regroup (allow the charts to work off the overbought conditions) before another attempt back up. This is whats happening right now. The bulls were too extended to pierce the 1470-1474 zone on the first attempt so they are setting themselves up to try again.
The key is to hold the “gap window” level and not let it fall to “gap fill” (1426.40 spx)… which I think they will be able to do. But, the daily chart is getting a little too far up in the “overbought” area to keep this rally going much more then another 2-3 days I think. That means they are running short on time to make this last move up.
If they had more time then they could do a move above 1500 by 10-20 points or so, but it’s just not looking likely too me right now. Not only are they running out of time but they are out of buyers too. And, they don’t have many bears to squeeze because they aren’t letting a far enough move down to happen for the bears to get onboard.
It’s a “no win” situation as if they sold off to “gap fill” to get more bears onboard to squeeze they would still need some big news event to justify the gap up squeeze to get the rally started… which they don’t have as the Fiscal Cliff non-sense is over with until March it seems.
And by not pulling back deep enough to get the bears onboard they don’t have anyone to squeeze even if they did have some important news event this week. For these reasons I’m beginning to think the best they will get is a 10-20 move above the 1470-1474 zone that doesn’t even hold up for that one day that it happens.
We should see this last push up starting tomorrow after a possibly move down first to complete the 5th wave and hit the 1448.55 gap window area. The top should come on Friday if I’m reading the charts correctly (I am, but the gangsters manipulate them all the time to make me look like a fool I think).
Of course if we don’t have that 5th wave down tomorrow then we could just start the move back up at the open, but it makes more sense to go down first. Anyway, that’s what I see in the charts for now. Good Luck…
Why that area Dave? Not that I don’t like it as I really do LOVE it! 🙂
I will go on record, and say we will see 1310-1320 level in the later part of Feb.
I believe Reinhardt thinks it’s going to be about a 5%-8% correction, but Ali doesn’t know about the depth as only the turns are told with his octave periods (as far as I can tell?). He has told me that the August turn (down of course) will be “the big one” as I’m assuming that’s based on which octave periods line up for that date range.
Meaning that the larger one’s (like the larger chart time periods) carry more weight and therefore mean that the sell off will be much larger. I see the August one as a “crash” and it should be bigger then the 2008 one.
That was a great video Red.Does Ali have any idea on the depth of the correction into Feb 25 th area? I am now long from approx 1455 level. I sold my shorts a little to early at 1457 level. I will be scaling out of my longs within the next two or three days. The vix is in uncharted territory.
As for the Feb 25th time frame, I see no more than a 9%-11% correction.
YAHOO Chart analysis: http://niftychartsandpatterns.blogspot.in/2013/01/yahoo-chart-analysis.html
New post everyone…
http://reddragonleo.com/2013/01/08/the-study-of-the-human-consciousness-and-how-the-stock-market-works-with-it/#disqus_thread
ALEX JONES blowin up Pierce Morgan and I LOVE IT!!!!
http://conservativevideos.com/2013/01/alex-jones-goes-ballistic-on-piers-morgan-1776-will-commence-again-if-you-try-to-take-our-firearms/
AA up 2% in AH. in line earnings
I see 4 wave from the 1467 spx high, with this move up being the wave 4 of those possible 5 waves. Looking at the charts tells me we could still move down one more time for a 5th wave to possibly the “gap window” level of 1448.55 from 1/2/13 to complete this move.
If so, then I’d expect them to turn the market back up and rally to breakthrough the 1470-1474 resistance zone. Possible high is the 1500 level of course but knowing how these gangsters think I’d really expect them to either fall short around 1490-1495 to not allow the bears waiting at 1500 to get short… or go through 1500 by 10-20 points to squeeze out those bears that do attack at 1500.
But, since they seem to be running dry on bears to squeeze at this current level and on manufactured news to get something started (not much important news all week) I’m leaning toward “not piercing” the 1500 zone and falling short.
This market isn’t just about price levels but also about time. When you fail to hit a price level by and certain time you have too drop back a bit to regroup (allow the charts to work off the overbought conditions) before another attempt back up. This is whats happening right now. The bulls were too extended to pierce the 1470-1474 zone on the first attempt so they are setting themselves up to try again.
The key is to hold the “gap window” level and not let it fall to “gap fill” (1426.40 spx)… which I think they will be able to do. But, the daily chart is getting a little too far up in the “overbought” area to keep this rally going much more then another 2-3 days I think. That means they are running short on time to make this last move up.
If they had more time then they could do a move above 1500 by 10-20 points or so, but it’s just not looking likely too me right now. Not only are they running out of time but they are out of buyers too. And, they don’t have many bears to squeeze because they aren’t letting a far enough move down to happen for the bears to get onboard.
It’s a “no win” situation as if they sold off to “gap fill” to get more bears onboard to squeeze they would still need some big news event to justify the gap up squeeze to get the rally started… which they don’t have as the Fiscal Cliff non-sense is over with until March it seems.
And by not pulling back deep enough to get the bears onboard they don’t have anyone to squeeze even if they did have some important news event this week. For these reasons I’m beginning to think the best they will get is a 10-20 move above the 1470-1474 zone that doesn’t even hold up for that one day that it happens.
We should see this last push up starting tomorrow after a possibly move down first to complete the 5th wave and hit the 1448.55 gap window area. The top should come on Friday if I’m reading the charts correctly (I am, but the gangsters manipulate them all the time to make me look like a fool I think).
Of course if we don’t have that 5th wave down tomorrow then we could just start the move back up at the open, but it makes more sense to go down first. Anyway, that’s what I see in the charts for now. Good Luck…
Facebook Hour chart: http://niftychartsandpatterns.blogspot.in/2013/01/facebook-intraday-update.html