A Little Shop Of Horrors?
On October 2nd we warned about Red October...
Patterns? Waves? Month end, Q end and Golden Week liquidity hoarding did not slow this down much. Or did it just set the stage?
Where? Retro check a DAILY NAS FUTURES current contract chart.
What? Last peak 08/30, prior 07/25, coincidence? Go back at least 18 months, filter out the small chops and measure the drops and duration.
When? Now look at calendar, notice a more or less steady five week duration between major peak dates. See the pattern for what it is, and know that Thurs Oct 4th is coming up.
At the moment 10/01 new peak 7728, since dropping 100 pts. Couple of days chop and sideways flag wave till Thurs? OR this "cycle" may have started three days early after Italian budget, bond, Euro debacle?
R2K may already be tipping the hand? An overall eight trading day drop would put us on Mon. Oct 16th. Sounds like a familiar date to me, TBD. Watch Bonds and the Dollar for signs.
On October 10th we warned about November 5th, and the Ides of Winter, December 10th and especially January 14th...
Watch for fluctuations around Nov 5th, Dec 10th and especially Jan 14th.
On October 11th we warned about the gates of hell...
"What happens if 6956 does not hold? Could we be at the precipice of something much more ominous?"
Seems we are at the precipice or magic 10% number, if 6950 breaks on high volume, then 6750, then 6500, then, the gates of hell open up wide and.... investors make like those famous birds that migrate every year back to San Juan Capistrano, but hard. Or like Harpies? - Phineus of Thrace
On Oct 20th, NDX Futures bounced off 6449, just 50 below the gates of hell opening.
On the 23rd 2630 SP500 held, and that's what is important near term, because that value somewhat coincides with the aforementioned gates of hell.
Failure there, 2600 awaits, failure there, 2550 awaits, failure there 2150 and then perhaps Saarlacs pit or a little shop of horrors opens? TBD.
Patterns? Waves? Month end, Q end and Golden Week liquidity hoarding did not slow this down much. Or did it just set the stage?
Where? Retro check a DAILY NAS FUTURES current contract chart.
What? Last peak 08/30, prior 07/25, coincidence? Go back at least 18 months, filter out the small chops and measure the drops and duration.
When? Now look at calendar, notice a more or less steady five week duration between major peak dates. See the pattern for what it is, and know that Thurs Oct 4th is coming up.
At the moment 10/01 new peak 7728, since dropping 100 pts. Couple of days chop and sideways flag wave till Thurs? OR this "cycle" may have started three days early after Italian budget, bond, Euro debacle?
R2K may already be tipping the hand? An overall eight trading day drop would put us on Mon. Oct 16th. Sounds like a familiar date to me, TBD. Watch Bonds and the Dollar for signs.
On October 10th we warned about November 5th, and the Ides of Winter, December 10th and especially January 14th...
Watch for fluctuations around Nov 5th, Dec 10th and especially Jan 14th.
On October 11th we warned about the gates of hell...
"What happens if 6956 does not hold? Could we be at the precipice of something much more ominous?"
Seems we are at the precipice or magic 10% number, if 6950 breaks on high volume, then 6750, then 6500, then, the gates of hell open up wide and.... investors make like those famous birds that migrate every year back to San Juan Capistrano, but hard. Or like Harpies? - Phineus of Thrace
On Oct 20th, NDX Futures bounced off 6449, just 50 below the gates of hell opening.
On the 23rd 2630 SP500 held, and that's what is important near term, because that value somewhat coincides with the aforementioned gates of hell.
Failure there, 2600 awaits, failure there, 2550 awaits, failure there 2150 and then perhaps Saarlacs pit or a little shop of horrors opens? TBD.
Comments