Looks like we are going down some more now. I didn’t think 49 points was far enough. I still think around 1315 spx for the bottom of this first wave 1 down. I was incorrect in the chart above. The 40ma on the weekly is at 1323 spx and the 50 ma on the daily is 1332.
But, the 200 ma on the daily chart is at 1315 spx… right where my target is. If we hit that then I think we’ll bounce for about a week for the wave 2 up. The target would likely be around the 1350 spx area from a falling trendline connecting the April high to the May high.
If this does happen then the forecasted zone of 1350 could be hit next week right in front of another ritual “eleven” date on the 7th. I’m not sure how “Gary the Numbers Guy” calculates that a “20” equals “11”, but I think it’s because the 1+1=2… therefore if all the digits add up to 20 then that date is an “11” date.
Well, 0+8+0+7+2+0+1+2=20… so next Thursday is another “eleven” day it seems. Of course we have the 29th (just 2+9=11) of this month on the “daily” eleven rituals and the 28th on the yearly rituals (0+7+2+8+2+0+1+2=22), but they both fall on a weekend when the stock market is closed.
So they could still do the “false flag” on one of those days it not going to line up with the stock market correctly… therefore I don’t think it will happen on either of those dates. In fact the date I’m concerned about it the 9th as it’s a “yearly” eleven date toward the end of the Olympics and the stock market is open that date too.
This means we should continue down to about that 1315 spx level this week and chop around next week to rally back up for the larger wave 2 up. If they drag it out long enough they could chop it the whole next week and into the 2nd week of August too… right in front of the 9th, which could be a significant high (probably higher then 1350 though) and end the larger wave 2 up.
The following wave 3 down should be a multiple wave 3 combination regardless of any false flag event in the Olympics. Of course if something really does happen then it will make an already ugly wave down even uglier!
Almost to the FP now… once it hits that level we should go back down. The question is… will the move down put in a “higher low”, as in a “B” wave down with “C” up yet to come. Or will it continue down to make the 5th wave down assuming this bounce is wave 4 up and the gap down this morning was wave 3 down.
long MCP at 16.82
BIDU Chart analysis:
http://niftychartsandpatterns.blogspot.in/2012/07/bidu-chart-analysis.html
AAPL reports ah, loaded up long on tech stocks , hero or zero, play!
Looks like we are going down some more now. I didn’t think 49 points was far enough. I still think around 1315 spx for the bottom of this first wave 1 down. I was incorrect in the chart above. The 40ma on the weekly is at 1323 spx and the 50 ma on the daily is 1332.
But, the 200 ma on the daily chart is at 1315 spx… right where my target is. If we hit that then I think we’ll bounce for about a week for the wave 2 up. The target would likely be around the 1350 spx area from a falling trendline connecting the April high to the May high.
If this does happen then the forecasted zone of 1350 could be hit next week right in front of another ritual “eleven” date on the 7th. I’m not sure how “Gary the Numbers Guy” calculates that a “20” equals “11”, but I think it’s because the 1+1=2… therefore if all the digits add up to 20 then that date is an “11” date.
Well, 0+8+0+7+2+0+1+2=20… so next Thursday is another “eleven” day it seems. Of course we have the 29th (just 2+9=11) of this month on the “daily” eleven rituals and the 28th on the yearly rituals (0+7+2+8+2+0+1+2=22), but they both fall on a weekend when the stock market is closed.
So they could still do the “false flag” on one of those days it not going to line up with the stock market correctly… therefore I don’t think it will happen on either of those dates. In fact the date I’m concerned about it the 9th as it’s a “yearly” eleven date toward the end of the Olympics and the stock market is open that date too.
This means we should continue down to about that 1315 spx level this week and chop around next week to rally back up for the larger wave 2 up. If they drag it out long enough they could chop it the whole next week and into the 2nd week of August too… right in front of the 9th, which could be a significant high (probably higher then 1350 though) and end the larger wave 2 up.
The following wave 3 down should be a multiple wave 3 combination regardless of any false flag event in the Olympics. Of course if something really does happen then it will make an already ugly wave down even uglier!
Should be getting close to a bottom for this first “wave 1” down from the 1380 spx high…
http://screencast.com/t/Cmt6fExXc
Looks like we are heading there now Anthony…
FP on the SPY…
http://screencast.com/t/qFbEeti5NjXy
See us heading to that 132 level this week?
Is Batman massacre staged terror?
http://www.infowars.com/is-batman-massacre-staged-terror/
http://www.youtube.com/watch?feature=player_embedded&v=NDRdD1yDiR0
http://www.youtube.com/watch?annotation_id=annotation_811734&feature=iv&src_vid=NDRdD1yDiR0&v=sabePxK07Is
Almost to the FP now… once it hits that level we should go back down. The question is… will the move down put in a “higher low”, as in a “B” wave down with “C” up yet to come. Or will it continue down to make the 5th wave down assuming this bounce is wave 4 up and the gap down this morning was wave 3 down.