We ought to know in a few days, and I'll post the chart. I'm thinking we can get as low as 830 SPX by the end of the year. 830 is the trendline between the 1987 and 2009 crash lows, and we'll get there in a tidy five-wave impulse, IMO.
Manfred Zimmel - Bradley model turns 2016 |
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15 comments:
It seems like everyone took the failed 5th possibility off the table a while back. I realize you didn't of course, but most other blogs I follow dropped the idea. Any of you guys want to go in on one of these beauties? Notice the "trumpocalypse" in the URL.
http://www.hollywoodreporter.com/news/bunker-builders-anticipate-lucrative-trumpocalypse-932748
I am on record early this week proposing failed 5th. May it be so.
Bryan's fault (if it happens).
New Moon tonight.
Not looking likely at this point.
Bryan --
If we gap down Monday, would you call that an island top (with July 8 gap up)?
Yes. And the key thing here is that we don't hover near the highs. We need choppy down or gap down asap
Diamond-top visible on daily /es? Breakdown would be the 5th wave failure to reach a new high.
I had the same thought. FWIW
Or even an island top with symmetry to July 8th.
with earnings coming up, look for new LNSB :) can't see mkt going down during earnings hasn't happened in long time. mkts look like their wanting to go higher possibly much higher . this secular bull market is far from over.doesn't matter who's pres, in a year market is going to be higher than today. : )
OK, you guys are smart. How do you explain todays UVXY action?
We would say that the VOLs are not confirming the price action ... at all.
Essential red pill reading.
http://rexresearch.com/articles/ocultech.htm
mkt gave a taste of what's to come after a hrc victory next month. : )
What do you mean?
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