This week I managed to get 15 miles out of them over two days. They were real troopers. Groves of tasty thimbleberries at their peak didn't hurt at all, either. We ate six different kinds of wild berries over the weekend.
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| Contouring above Ross Lake, North Cascades |
For tomorrow, many are looking for a 5th wave up, to complete the larger set of waves since 1560. I am still interested in the ending-diagonal count into September, which would have us sell off pretty hard into the end of this week. The .618 retrace is all the way down there at 1613, and this channel allows for that.
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| SPX 07-30 |
11 comments:
Dare I say, you're being overly doomy about the QE-fuelled equity market.
We'll be lucky to the see the low sp'1600s in late August, never mind end of this week.
I seen this picture before, and it feels like we'll rally into the jobs data, maybe then we'll get stuck around 1710/20.
Good hiking!
if the leg up on the 29th remains less in distance than the leg up starting yesterday, any chance this IS the ending expanding wedge.. a tiny one, and somewhat out of proportion with the other waves. it would imply a 5th wave failure.
and.. that idea was just blown
my idea, blown, not yours
CG - 5th wave failure today of some kind? please oh please?
Gah! It looks like the Doomster is right ... but ... pay attention here.
Tuesday, August 6, is a New Moon.
So was October 11, 2007.
The middle of the channel is ~1730 on Tuesday, so I'm definitely interested in a touch of and rejection off of that line.
We won't make it all the way back up to the top of the 2009 channel, but maybe this is "close enough" this time.
If you take the 2008 tape and timeline, expand it out in price a little bit, but keep time constant, we arrive at a final bottom at SPX 571 precisely on 1/2/2015.
This is no coincidence.
2015 begins the collapse of the U.S. Dollar and the End of Life As We Know It.
Good luck to all...
.. and the 5th wave failure blown. now looking like nested 1s and 2s. yikes!
Gonna set **1720** SPX as the ideal supercool place for this to top and reverse next week.
I'll explain in full gory detail why after it confirms. It's simply amazing.
1720 on the 8/6 New Moon and JonBenet Ramsey's 23rd birthday!
..awaiting new post..
Get back from that mountain!
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sp'1715/25 prime target zone remains very viable on Tuesday..when there is a big QE of $5bn.
So..Monday I will NOT be getting involved.
Tuesday though...oh yes.
Ending Diagonals on the daily in XOM and CVX ?
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