Tuesday, November 12, 2013

Is the S+P about to roll over?

The technical setup has been forming for several weeks now.  The chart now appears to be in the final stages of an ending diagonal which contains a throw over.  I think we are looking at the final 5 waves as documented below.  This seems like a pretty standard 5 wave motive move: 1 and 3 are parallel to 2 and 4, there is alternation, and now we are working on the 5th and last rail bump of an expanding triangle (wizard's sleeve). 

This expanding triangle could end with a throw over and I would not be a bit surprised to see it touch exactly 1777 as its ultimate peak.  Of course, the Illuminati also like 1776 so maybe that will be the peak. 

There is a small outside chance that this is really only 1 of 5 and that the fed tries to inflate this pig with 2 more waves that are about the size of the 1-5 sequence shown here.  But I give that a low probability, perhaps as low as 20%.  I think we are looking at the very end of the bull run that started in 2009.   The con men, I think, are seeing that all this pumping really isn't taking the country anywhere except down.  After 30 years of watching Japan founder it has to be clear that the best bet for the financial scammers is to let the deflation happen quickly, bear the pain, and then restart the Ponzi.  The federal reserve is running out of games to play.


No comments:

Twitter Delicious Facebook Digg Stumbleupon Favorites More