WE should expect 5 very steep waves to complete (1)
It could happen very quickly by Spt 1st OR get stretched out similar to wave [I] at1370 to 1258
which took a month & half from May 2 to June 16th
wave iii of [III] took out 246pts -- 1346-1101
246 X 50% = 123 + 1101= 1224
Also, IF 1208 is actually wave [IV] then we should consider that wave [V] = wave [I] = 112pts
Thus 1208 - 112= 1096
If not finished till 1224, then 1224 -112 = 1112, giving us a truncated 5th wave
TIME wise, wave i of [III] 1356 to 1296 only took 7 days
7tr days from Aug19th =Aug30 and could linger till the 1st.
More Later
Jay
4 comments:
SO FAR today they are hitting all the strides
10am low @156bars
noon low at 180 bars
204bars at 2pm
NEXT is 228bars at close
PLUS NEG ENERGY & ED cycle all converge
TOMRROW SHOULD OPEN WITH A BURST upward
Jay
BTW,
the RESPONSE to the VPN has been incredible
THANKS to all those who want to
know MORE and get advance updates
VPN members have a clear picture of
balance of August and some prelim data on Spt
UPDATES daily are available at the blog and that will remain the same
Jay
Activity index started the day at 200 , and has slipped lower to 100 at 2pm, and now at 66 @ 3pm
IMPACT stream also on MILDLY lower
heading
Should head lower in the last 30 minutes
Jay
LOWER BUT NOT LOW ENUF
228bars SHOULD HIT AT OPEN On the Trigger of POOR job claims at 8:30am.
Should get to down 1174 or about 150 dow points
within the first 10 minutes
I got in at 1207 earlier today
and closed those out for a gain at 4pm
NOW MY MIND IS CLEAR & ready to catch that open dip
228b @ open
258B 2 noon
Either or should be OK for me.
sometimes when a low has occurred such as the 228 bars pivot,
THEN the 258 bar pivot @ noon acts as a catapult
&
There is HIGH ENERGY AT 1pm to make that happen
__________________
Targeting that 1224 spx high on close Friday offers a lot more gain than 15 to 20 pts down at open
TODAY"S CLOSE puts EVERYONE AT EASE, - GEE NUTTIN HAPPENED today
ARE YOU STILL GIDDY and havent taken steps to protect your portfolio ???
THE MKT HAS GIVEN ONE MORE CHANCE TO do that.
that also fits with a lower open scenario, which is not unusual at all
IT COULD REPEAT that PROCESS in the FIRST 2 weeks of SPT, so they just might give you a third chance
BUT that should end wave {1} and {2}. EVERY technician KNOWS whats next after that
WAVE {3} is the longest and Deepest with some treacherous days ahead from Mid SPT to MID JUNE 2012
the DROP from 1347 to 1101 is just a sample of whats to come
THE KONDRATIEF 70 year LONG wave is IN the DEAD OF WINTER now and the FREEZE is not a pretty site
when ITS YOUR MONEY shrinking.
GOVT DEADLOCK fits right in with its inability to take the correct actions to get the economy moving-
THE DECK IS STACKED very high against the Administration and THE Congressional control doesnt want them to benefit from any solid legislation
THEY SAY, that can ALL wait till they take over the white house.
That way THEY CAN TAKE credit for doing it. THE SAME PROGRAMS that were proposed in years 2000-2008 are now being SHUNNED
as IMPROPER for this administration to promote.
MORE LATER
Jay
Post a Comment