The first is, the market is so jacked-up here that we actually could have TWO 2008-style episodes ahead of us. I had sketched out yesterday how a Fall 2014 could break down a few chart supports and return us to the starting point of SPX 1040 this fall. The magnitude of such a move is comparable to the entire 2008 cycle.
After the crash, we still have time and room to retrace and crash again! Maybe a giant zig-zag to finish the Jaws of Death:
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| SPX twin-crashes concept car |
OX finally fixed their historical DJIA chart data, so I can now do a long-term log chart of the Jaws of Death, like so.
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| DJIA Jaws of Death, log scale |
Remember, each leg of this monster is a three-wave sequence. In Bulkowski we trust!
Here's the VIX, a few trendlines pointing to 5/20 and a sub-12 VIX.
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| VIX daily |
That's it. I'll post some bubble RE pix over the weekend. While I was away in the Arizona, I think I may have found this cycle's Queen Creek. No, really.
Hmm, I'm sure I annoy you, not least with the notion that we'll push back upward into 2015.
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Anyway, the Bradley dates are still a mystery to me.
Are they published anywhere, with the basis for 'why' those dates?
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As for 20/th May turn...that'd certainly be a prime one for me...I'll be mindful at that time.
faber out today calling for another crash (lost track of how many he called since 2010),,,,bicycle's 2200-2300 a lock,,,not till 15' tho
ReplyDelete^vix sickly,,,,07' lows ahead? smells like 10.42,,,,cg your lows will come someday! not for a while tho----17' maybe?
ReplyDelete^vix single digits, anyone? nothing can stop this market. gonna let longs ride for 2250
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