Graphs above are dated JUNE & JULY 2017 as well as the NOTE UNDERNEATH

Tuesday, May 04, 2010

1938 and NOW

Ive shown chart this before from 1938

It demonstrates what happens AFTER the MKT peaks on its 62.8% TOP coming off a major low

Now we need to identify WHEN the mkt would make its first lower level, etc

You can see clearly 5 waves OFF the 63% top as Ive been projecting
into early August and or late Spt

BUT first we need to ID May's market, and I THINK my graph as posted
shows the potential for the month

The mkt tracks a 4/8 day cycle pivot low, last one on Friday Apr 30-
making May 6th the next suspected low along with negative energy
as Ive posted several times

4/8 day also sets up May 28th along with negative energy that day

ISNT is FIBO coincidence that the GAIN was 63% from the 900 pts lost
& 554 spx pts, also representing a fibo 55 x 10

using the gain of 550 pts - what can we expect to lose in the next few months
heres some math that we can look at as examples to study
none of which is MY {PROJECTION}, JUST THE FACTS , Maam

14.6% drop = 80 = spx 1140

NOW heres something IVE POINTED out several times
the SPX tends to move in 40 pts legs and multiples of it
40 X 14 = 560, ACTUAL was just a bit shy of that level ,
but had been projected by some at 1226 --DAMN close enuf

23.6% = 130 pts = spx @ 1090
38.2 % = 210 pts = spx @ 1010
both fibo #s x 10

and very close to 40 pt multiples
40 x 3 = 120 pts @ 1100
40 x 5 = 200 pts @ 1020

Both of the above math models are very close to each other

What will May 6th bring ??
I cant tell you that, but I feel confident about May 6th as a turn

remember again
monthly turns at or near
the number 5 which numerology represents CHANGE

ISNT it ALSO a COINCIDENCE that 1220 added = 5, CHANGE- hmmmm.

And it all hinged on China & CURRENCY ???

and I wont even apologize for being a day late

more later


ARAK said...

may 5/6 is a gann turn date as well

sirgiyan said...

That's impressive and it makes sense.
You, son of a Daneric, Jay...

Jay Strauss said...

May 5th Gann date seem like the TURN
HIT with a vengeance on the 4th.

Today should just chop around and make a little lower low at 11am, but tomrrow COULD take out another 2 to 3 %

spx 1140-1145 area suspect for support


sirgiyan said...

GDX calls are doing great. We backtested the big triangle which points towards more upside