More Big Rally Due Next Week
This is just rough sketch of what I think is happening. (I've adjusted the expanding triangle and target.)
So far the speed and trajectory of the SPX is following this scenario.
In the previous comments section I gave these dates to watch... 7/27, 7/29, 8/1-2....these are noted in the purple vertical lines...and an area to take initial profits.
It the SPX then sells off and builds another base early August....Fib target of SPX 1440 by August 12-15 works for me.
So far the speed and trajectory of the SPX is following this scenario.
In the previous comments section I gave these dates to watch... 7/27, 7/29, 8/1-2....these are noted in the purple vertical lines...and an area to take initial profits.
It the SPX then sells off and builds another base early August....Fib target of SPX 1440 by August 12-15 works for me.
posted by chartblog at
2:17 PM
5 Comments:
I find it so ironic you are bullish and have no comments. It is that way all over the internet.
Bear blogs and threads continue to get all the participation.
Very true. Good blog and I agree with the prognosis
Are there any negative astro events or Hurst cycle lows expected over the couple of weeks?
Friday's after hours trading action seem to suggest the possibility for volatile or panicy markets based on the potential for a U.S. Debt/Tax/Default Crises.
The Chinese have a 9-Day count after Summer Solstice--This 4th one will end on 28th (Hong Kong Time) and the 5th one will start on the 29th
Jil 27 11:04:00 am (Hong Kong Time) will also be the Moon's greatest north declination. The moon will have same declination with Venus first in 25th then on 29th--2011-07-28-09:06am Moon will enter Cancer. On 07/28 Mercury will opposite Neptune--Bet correction by 28/29th
glsgls: This blog is only about 3 months old, comments should increase.
anon 5:59: the negative Hurst event of a 9 year low shouldnt hit until late October/early November. That should be when this debt news is realized by the market. Into August, things should be positive and bullish.
kenhui: July 29 into August 1-2 is a bullish Venus trine Uranus and a bullish Mars trine Neptune. Those should keep the market rallying and afloat here.
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