Market Timing-Whats Next -July 31st- Weekend Commentary

Market Timing-Whats Next -July 24th - Weekend Commentary

Today's TALKS WILL NOT GO ANYWHERE
and Monday's market is already setup for a fall
but today sets the stage for the MEDIA to CROON about impending DOOM

Today's PSYCH READ calls for high hopes & big expectations Evaporate ,
moodiness & impatience deter completion
KEEP in MIND, I DONT MAKE THIS UP& it was WRITTEN MONTHS AGO for publication this month

THE ABOVE was published on JULY 24th and the week that followed watched the DOW
LOSE 533 points
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SO NOW WHATS NEXT

As previously mentioned in case you didnt read it here,

FRIDAY July 29th -THE DAY improves as it progresses

Saturday July 30th - Enjoyable & energetic

Sunday - look for exciting, surprising & liberating experiences

ITS SUNDAY AM And the MEDIA is reporting the HOUSE & DEMS are close to making a deal

with compromises from both parties. HOWEVER, FOX is reporting the Republicans are getting the better part of the deal, and they are laughing at Senator Reid, and the PRES.

NEAL CAVUTO just said, He doesnt think this deal will cut it, and I AGREE.

August 1st Monday, as PREVIOUSLY mentioned, calls for
EARLY POSITIVES
BUT easy come- easy go
Expect INTENSE encounters 
OVER REACHING leads to CRASH & BURN


SO, as far as the MKT is concerned, we can expect the indeces to complete a 4th wave
that began off the 1282 open low, then rebounding 20 points to 1304 at 11am, but closing at 1292.
THUS the ELLIOTT FORMATION appears to have completed wv a & b of [IV]- whats left now is wv c of [IV].
thus
WITH a HIGH ENERGY open now expected Monday as per the above readings for JULY 31st, and Aug 1st, we can expect that wave [IV] to run up Friday's equal of 20pts now to SPX 1312, THUS COMPLETING wave [IV] of E ,but then what? WAVE [V] of E, of course.
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IMV
That open high Monday AM WILL offer one of the best shorting opps since Oct1,2008
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MOST TECHS seem to have spx 1260 to  SPX 1220 as a target PIVOT low this week.

That would = 400 to 700 Dow points to finish an [E]-4th wave low & pivot for 
YES, 
A WAVE 5 THRUST from that low to a possible high of 1381, on or before August 8th, 
a date that I projected weeks ago for an important TOP & High of the year.


More Later
Jay