Thats RIGHT, JUST BECAUSE we had 14 days in a row with BEARISH PC ratios
and an INTERNAL TECH SELL SIGNAL does NOT mean an immediate demise for stocks.
WHATS THIS??_ JAYWIZ IS NOT A BEAR AND NOT CALLING FOR A CRASH !!!
HOLY Crap -- MAYBE IT REALLY IS TIME FOR A CRASH ???
HAHA- VERY FUNNY
FOR REAL NOW- CAN the SPX break into the 1700 realm & taking the Dow to 16,000 ??
AND WHEN will that be most likely to occur??
STAY TUNED TO FIND OUT !!!
BUT FOR NOW, lets STAY GROUNDED and LOOK BACK at May 2013--
Here is the GRAPHIC projection that hundreds of you asked for the last two months-
of which MANY became VPN Members--
Members come from ALL OVER THE GLOBE,
from Russia to London to Hong Kong and every where in between.
AMAZING place this internet thing-- brings us together as ONE --
NOTE that the GRAPH was first produced PRIOR TO May2013, and updated twice.
ALSO NOTE that the PEAK was expected on May15th actually occurred on MAY 22nd.
and did exceed the projected thinking of 1650, but not by much-1687.
THE ACTUAL high was 1412 trade days from October 10th 2007- 5 days after the intrday high
but the Dow did stay at the 14K level for a few more days after the 10th giving us a small range of days. GANN 67 tr days X 21 = 1407 which was the 15th.
ALSO NOTE that it also infers the time period AFTER a short term peak would NOT BE GREAT TO TRADE, at least not good for bears to trade.
We have seen the mkt has held up quite well, even though we did get a 52pt SPX
decline and the dow fell from 15,542 to as low as 15,200,
THUS FULFILLING my call for a 300 pt drop.
WILL THERE BE MORE TO GET TO a 700 pt loss ??- STAY TUNED FOR UPDATES.
ONE OTHER THING that stands out - the BULLS are HOLDING ONTO their positive views and positions. EVEN THO, we may NOT SEE A CRASH in June, there is still a PROPENSITY for the market to make MID JUNE LOWS.
ENUF JIBBER JABBER- here's the graph.
JUNE projection is in the works and will be ready shortly.