Friday, June 24, 2016

No, the market top is not in

Stop it.  Just don't even.  Knock it off already.

SPX 06-24


Christian Gustafson said...

/me even turning off comment moderation for this one, so that you mooks can have a free for all.

Let's see how it goes.

Anonymous said...

I'm not totally convinced either. You're going to need breadth to turn around fast to get up there though. Come on Scott, here's your chance to let us have it!!

Bryan Franco said...

Sorcery. Treason. I demand an end to this blog. Is that what you are after CG?

Bicycle said...

I think top's in. Look at the R2K. Through the 50, through the lower BB, through the months old trend, and on volume.

Bulls also only have a few days left to ramp the monthly candle.

But I'm sure as satan hoping for more of a bounce than we got today.

Speaking of Brexit... has anyone heard from the Hugh Hendry lately?

Ken Barrows said...

T. Berry told me that stocks always rise in the long run, so there is no need to sell ever.

Bryan Franco said...

T. Berry obviously doesn't know about Japan or the concept of having an unforseen need for liquidity at the exact wrong time along one's financial path.

TSE said...

"Liquidity describes the degree to which an asset or security can be quickly bought or sold in the market without affecting the asset's price"....

The "Algos" will take care of that: "Algos," as they're called, automatically execute trades based on pre-programmed criteria. They can process millions of trades in seconds, ...

Timing is everything and to those who are outside the inner circle of knowledge and understing, it remains a mystery.

There is a method to the madness of the High Priests of Finance - Only a manipulated system of Fiat Currency could create Industrial Civilization. It is here for us to enjoy, but for a short time, as the rise of Industrial Civilization also marks the end of an epoch - destruction to be followed by Re-Birth - but on a different plane of understanding. A New Age.

Currency is from Current:

1. belonging to the present time; happening or being used or done now.

2. a body of water or air moving in a definite direction, especially through a surrounding body of water or air in which there is less movement.

The Priests of High Finance know that the end is coming - and so it will be a party (Industrial Civilization) until the end of the age.

Gobekli Tepe – Temples Communicating Ancient Cosmic Geography

What is important here is for some unknown reason the builders of Gobekli Tepe constructed a temple apparently highlighting a time 11,600 years in their future. Yet this scene is intentional. The symbolism is clear and in keeping with many mythologies describing this very same event – occurring at the very time we live in today!

Sometime between now and 2040 Earth shall once again encounter the Comet which ended the Golden Age, as described by Plato. See: Younger Dryas event. The age of Aquarius, the Water Bearer, shall bring death, destruction, and re-birth - the Phoenix. At that point, "one's financial path" will mean nothing. What is the state of your spiritual development?

The 5th Dimension Age of Aquarius 1969

Recommended reading:

Rule by Secrecy - Jim Marrs

Hidden Finance, Rogue Networks and Secret Socery - Joseph P. Farrell

Magicians of the Gods - Graham Hancock

Christian Gustafson said...

On Friday's news, neither $DB nor $JWN -- both bellwether stocks at this time IMO -- made new lows.

I think this is significant, and bears careful watching.

TSE said...

They will.

Until they won't.

Gotta believe.... The age of Petroleum is endles.

FIRST - The Earth....

NEXT - The Stars:

In a sense - Numbers are meanlingless - possession is everything. Instant action at a distance.

Team Winning said...

agree with cg...this is a head high coming!

Christian Gustafson said...

Friday's trading-hours low of 2032 SPX is also the .382 retrace of the move from 1891 to 2122.

A sharp W4?

T.Berry said...

ken, the us stock market has always come back. buy & hold while cost averaging in always works if you are in for the long haul. when did the stock market ever not come back?

Depriv said...

"when did the stock market ever not come back?"
When you are out of margin already...

Too many damn variations.
I've always thought that these 4-5 closings are easy, since almost always has that support (this time around 1800) which gives the neckline for first the false, then suddenly for the real H&S patterns. But it's damn hard, actually.
I'm reasonably sure that the third wave is cleared. But will it stop here and stay as a corrective pattern? Or is it really an impulse, and so continue with a fourth wave? Which part of the fourth wave is in play right now? Or is it the fifth already?

Right now I give the highest chance to that it's already the part of the fifth (5/ii/c in play). Second highest chance that it's 4/c, and will fall below 1800 before starts for the fifth.

Christian Gustafson said...

.382 retrace gone ... fresh new lows on $DB ... new lows for $JWN

Only thing bullish at the moment is that now the volatilities don't look all that excited on this latest dive.

john said...

Slip out the back Jack
Make a new plan Stan
No need to be coy Roy
Just listen to me
Hop on the bus Gus
No need to discuss much
Just set yourself free

The best things in life are free

Ken Barrows said...

Yes, T Berry, everyone knows that trend is destiny. Ask the Romans.

Bicycle said...

Brexit is to the EU as Ukraine independence was to the USSR.

USSR collapsed because producer price of oil collapsed in the early 80's. The fringe Baltic republics started to get choked off in an attempt to hold the core together. Little by little, over 6-7 years until 1991, things started to break away and then it all came collapsing down.

The EU has lost the same oil producer price war that the US waged against the USSR in the 70's and 80's. The Petrodollar has "won" again. Little by little over the years things start to break away (Iceland, Greece, etc.), those in the weakest position fall first.

Brexit is to the EU as Ukraine independence was to the USSR. It's dead, Jim. We're just waiting for the deluge at this point. Storm Berlin!

TSE said...

All you need to know:

"More than half of the EU-28’s energy comes from countries outside the EU and this proportion has been generally rising over the last decade. Much of this energy comes from Russia, whose disputes with transit countries have threatened to disrupt supplies in recent years. Concerns about the security of supply from Russia have been further heightened by the conflict in Ukraine."