I wont go into all the reasons why there is a potential for a 10% drop next week, but its out there
From the March 10th low, it does appear the ELLiott wave may have done a 3-3-5 to April-1st high.
If so, then the next wave is a serious decline starting the next downard phase this year.
Most prominent dates for low are April-11th & May 6th
I did mention May 6th b4, but here it is again
its 18 cycles of 8 trade days from oct10-11th last year;
that may not be anywhere near the end of it either.
take a look at April2000 and you will see how the current market looks just like it did then.
Also look at 2001which looks even more similar to 2008, getting ready to take the spring time collapse seriously;
If you think for one minute, the market cares about when the FED has done to prevent further declines, you are sadly mistaken.
Remember when I posted a GOLD TOP, within 3 days the POG fell nearly $100, and is now trading under $900 with a lot lower levels to come. The current rise from 255 to 1015 emulates the rise in 1980 to the first high of 850, and it took 18 years to sort that out at the 1999/2000 low.
329 bar cycle on April2nd @ 3pm
30 B cycle @ 11am on Apr3rd
102 bar cycle on April4th @ 10:30 was right on target
NOW expecting
126 B @ 12;30
156b @3pm or 160B @ 3;30- hard to know which is viable.
Fascinating that the May28th date is 22 x 8 = 176 tr days and is the Bradley date.
best for now
Jay
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