WAVE i low at 1069
wave ii now in progress and might complete at OPEN tomrrow morning at 1106
which is the 62% retrace level as shown above
LEI & Fed survey at 10am could act as the trigger
as 10am = 39 hours cycle & a lunar negative with
Uranus which is the master of shock & awe
Jay
Jay,
ReplyDeleteCould an attack by Israel on Iran's nuclear plant (which is set to start on the 21st), be the event that triggers the crash?
I wonder.
I hope the market crashes, but I'm not hoping for war and destruction.
Alesund
ReplyDeleteI agree with you 100%
BUT it does seem like this drop will occur from an international event rather than a market event
the mkt internally is actually more oversold than overbot, but panics dont care about internals
One of the reads for Saturday
intolerant thinking can lead to a BIG MISCALCULATION
And another
a bid for liberation UPSETS others and wont bring what is sought
Monday
Use of Aggressive means to get what you want, and ignore diplomacy
tuesday
CHAOS & CONFUSION
Sounds like we are right at the edge. Today is super quiet
but thats about to change once WAVE iii begins tomrrow at 10am
Jay
whatever causes it is certainly going to be big enuf to create havoc
remember tomorrow is pomo day no shorting on money printing days!
ReplyDeleteHelge says we go down to around midnight then reverse and huge up
he shows tomorrow being higher than todays high
rrman,
ReplyDeleteThey can only hold things up for so long (until the big boys complete their distribution). But at some point, we will just crash and there isn't any amount of $$ or intervention that will be able to stop it.
i agree the weekly stochastic is rolling over on everything but the daily is just turning up.. this matches up with helge's long term that says we make a new top albeit a lower high than april's but it is what it is it is... looks like to me we have a huge downturn all of September but it looks like they will kill the bears first when they take it up to 1120 to 1150 before they let it go down...and this could happen very quickly Helge is showing the top around the end of the month....
ReplyDeletehttp://www.cyclelt.com/SEIR.htm
It is certainly possible rrman.
ReplyDeleteHowever, a lot of Helge's stuff seems to invert in the shorter term. I like his charts more for the longer term picture.
Still, either way, the markets will do what they need to do sooner rather than later.
I would love to comment on the Alesund point of "hoping for crash and NOT hoping for war".
ReplyDeleteHistory tells us that economic crashes of any sort lead to war. No exception. Period. End of story. We are f@cked. The bigger the crash - the bigger the war.
If someone thinks that WWII was started by Hitler - think again. It WAS started by credit contraction and followed depression.
Period, end of Story.
yeah i mainly just use his long term chart as Helge's daily tends to invert which is the problem with everyone's daily charts but you can look at the long term chart and see he has been pretty accurate sometimes early sometime late but usually right I used the weekly and daily stoches to try to tell how close he is going to be on the tops and bottoms
ReplyDeleteOff Aug 9th
ReplyDeletewave 1 lasted 26hrs
wave 2 will be 19.5 hrs tomrrow AM
If im right about wave iii
should be 26 hrs from tomrrow AT 10am till 10am Wed, 25th
wave 4
19.5hrs to Aug 30th at 10 to 11am
wave 5
might go 26 hours to Spt 3rd at the 377 tr day mark at 10am
All we need now is for some one to strike up the band
Im planning some deep in the money puts tomrrow at the open,
especially if spurts higher on employment #s
jay.
Today warned not to take risks
ReplyDeleteTomrrow warns
HOLD OFF on $ deals
EMOTIONAL TRYING DAY
**OVERWHELMING FEAR**
Some one might in the Media say
caught between a ROCK & Hard place
Friday
REPEAT of THSDAY
Jay
Dow Jones Futures before opening bell
ReplyDeletehttp://niftychartsandpatterns.blogspot.com/2010/08/dow-jones-futures-before-opening-bell_19.html