Wednesday, October 26, 2016
I am just throwing out a pattern here. The market has neither been impulsing up nor down. Therefore we can assume perhaps Minor 4 is not quite yet over. But sooner or later it will be confirmed to be over one way or the other.
I generally do not like descending triangle patterns with a downward tilt because that can often suggest failing price action on a major support level. Price action would be "hammering"support until it eventually fails. But we'll stick with the minor 4 count for now because that is the best count and we require one more market high to complete the wave count on many wave degree levels.
Will a final move coincide with post election results in some way? Timing and pattern suggest yes. Post election rally, then the all-time high sets in, then depressionary collapse. Gee we have a lot to look forward to huh?
Posted by Daneric at 8:00 PM
Tuesday, October 25, 2016
No matter who wins the election, the market is due to peak and reverse hard. Social mood will deteriorate at a rapid pace.
Big divergence still.
6 month yield count. Which implies 3 month yield will go up also. Which means the FED will be forced to raise short term rates. Which of course means trillions of dollars in losses as interest becomes to much to bear on the extreme leverage in the entire system. Which means bankruptcy and deflation (major asset deflation - the little guy will still be squeezed by every day expenses which will be the last prices to drop. By then 50% or more will be unemployed anyway.)
Posted by Daneric at 7:24 PM