Spiral Calendar targeting August 13-15, 2011
We are currently sitting in the F5 window lows. (66 days)
Todays scare tactics by "Da Boyz" are providing what should be one last bargain opportunity before this up swing into August.
Accumulating more stocks for a potential T3 August blowoff run above SPX 1400...August 13 is a Saturday, so any high may come in that Friday/Monday.
Todays scare tactics by "Da Boyz" are providing what should be one last bargain opportunity before this up swing into August.
Accumulating more stocks for a potential T3 August blowoff run above SPX 1400...August 13 is a Saturday, so any high may come in that Friday/Monday.
posted by chartblog at
1:09 PM
3 Comments:
WHY are you always BULLISH? NO BEARISH views at all? What if you are wrong?
The 60 year cycle virtually guarantees that 2009 will be a `generational` low, the same that 1949 was a generational low. Off the 1949 low saw a steady advance into 1962, 1966, 1969, 1972 peaks. If you look at how bearish people are about the future, it almost guarantees this run off the 20009 low has a long way to go to get people bullish.
Market Timer Don Wolanchuk tells a story of how he was charting the Dow by hand (back in 1998?) and a pattern occurred to him he calls the `epicenter of wave 3` up. He was clearly early, but if you look at wave structure of the 2008-2010 lows, that epicenter of wave 3 revealed itself.
In a massive bull market, the surprises will be to the upside and traders should be positioned accordingly to catch these upside moves. Read my post on EV.
You ask "what if I am wrong?" If you read about Livermore, he used a system called Pivotal Point Theory.
So far all of the Livermore Pivot Points have been bullish. If I get a bearish pivot, I`ll turn bearish. But according to the 4 and 6 year cycles, that bearish Pivot shouldnt come in until 2013-2014.
-Dave
Remember, the 4 year cycle only just bottomed in late 2010. Typically 4 year cycles dont peak in year one.
There is a 9 year low due this Fall to watch. I dont think it will be too severe, but off the August Spiral date (if it is a speculative high volume top) we may get a 1-2 month short window.
-Dave
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