This chart was posted on another site, but since its just a pic of the dow, Im sure the presenter wont mind if I use it to show point
This Head & Shoulders formation DOESNT occur very often and since its so rare, I wanted to show it so YOU can take advantage of it also.
The lower channel line the dow is sitting at is 12,800 which was Jan 4th close
The next level in such a formation would be the next level lower at dow 12,000
Is such cases, these events occur very quickly, and since the first week of Jan was off 565dow pts, it represnets the worst openning week in 100 yrs. Whats that mean ? You ask.= TROUBLE
Ive mentioned the 9 month and 22/44wk cycle OFF last March 14, previously, and it strikes on Jan 14th. There is also a hard aspect astro cluster this weekend.
Everything POINTS to a severe SELL off this week probably starting on the 10th.
Gravitational levels are at 500 today, and same for tomorrow, then drops to 400 thru Friday.
The Arms index of 4.09 on last Friday might usually be viewed as an exhaustion LOW, but since it ocurred when it did, and taking all the other factors into account, then it actually portends severe danger just ahead.
Interesting dates of the H&S
July 16 High-------Oct 10 high ------- Dec 10th high
Aug 16 low -------Nov 12 low ------- Dec 17 low ----- Now expecting Jan 14/15 lows
Best to All, & comments welcome
Jay
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