Just crash charts here, nothing to it, draw some steep lines.
But there is always the theory that the decline everyone knows is coming, happens much faster and more violently than everyone realizes. This kind of sustained epic chart violence may be unprecedented ... but look at what it is following.
Most of these turns are based on simple Bradley turns and obvious support/resistance lines.
All I am really proposing is that we will see a crisis of confidence where the entire market goes no-bid, for 3 down cycles.
Charts like this may seem like pure fantasy, but I see them otherwise. They're like Pentagon wargaming, the various scenarios of the USSR invading the Ruhr and points beyond.
If this should happen, we may be able to anticipate (front-run) a leg or two.
It's certainly possible CG so I'm not discounting the post or the chart.
I believe this drop is the market rattling the cage of the Fed. Hike the rates or use aggressive language and say Sayonara, Ms. Yellen. And that's pretty much what you depict.
After that upper target is when the fun begins. History speaks to higher highs if you believe the sadistics as T.Berry (or was it PBD) pointed out. Time tells all and I'm in no hurry. It all ends too soon anyhow. ;-)
And, keeping with this gloomy day, Bicycle doesn't disappoint. lol
Of course, as we know, "That which you OWN will go down in value while that which you NEED will go up."
Has Putin surfaced yet? No worries, he's locked away with his gymnast girlie friend having a baby (or so Business Insider is speculating; said rumor has been denied). ;-)
Good start to opex week here. You know, we have the March New Moon right on the quad-witching March opex. The upper TL for the ending-diagonal is at 2130 SPX then.
We would certainly smack the weekly SPX upper Bollinger, and quite likely the daily as well.
8 comments:
2138 SPX as a proposed / speculative / "candidate" top here is a perfect 1.618x fib extension of the 910pt drop in the Lehman Bear cycle.
Okay, so WWIII starts this summer?
Breathtaking stuff CG.
Just crash charts here, nothing to it, draw some steep lines.
But there is always the theory that the decline everyone knows is coming, happens much faster and more violently than everyone realizes. This kind of sustained epic chart violence may be unprecedented ... but look at what it is following.
Most of these turns are based on simple Bradley turns and obvious support/resistance lines.
All I am really proposing is that we will see a crisis of confidence where the entire market goes no-bid, for 3 down cycles.
Charts like this may seem like pure fantasy, but I see them otherwise. They're like Pentagon wargaming, the various scenarios of the USSR invading the Ruhr and points beyond.
If this should happen, we may be able to anticipate (front-run) a leg or two.
It's certainly possible CG so I'm not discounting the post or the chart.
I believe this drop is the market rattling the cage of the Fed. Hike the rates or use aggressive language and say Sayonara, Ms. Yellen. And that's pretty much what you depict.
After that upper target is when the fun begins. History speaks to higher highs if you believe the sadistics as T.Berry (or was it PBD) pointed out. Time tells all and I'm in no hurry. It all ends too soon anyhow. ;-)
Over at Caldaro's site, the following interview was shared: Milton Berg says.... Sounds scary... ;-)
Rainy east coast day...
And, keeping with this gloomy day, Bicycle doesn't disappoint. lol
Of course, as we know, "That which you OWN will go down in value while that which you NEED will go up."
Has Putin surfaced yet? No worries, he's locked away with his gymnast girlie friend having a baby (or so Business Insider is speculating; said rumor has been denied). ;-)
Good start to opex week here. You know, we have the March New Moon right on the quad-witching March opex. The upper TL for the ending-diagonal is at 2130 SPX then.
We would certainly smack the weekly SPX upper Bollinger, and quite likely the daily as well.
Bravo bicycle!!!!
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