Quote:
Originally Posted by apipintime
Below is a more detailed analysis/modification of the original chart:
I am presentiing both a Daily(more refined) and Weekly view of what I believe to be occuring with the SP500. I believe we have more room to the upside in what I think is a Z leg of a triple three correction from the 666 lows. If you look at the proportions (all on the Daily chart) of the legs so far, they are relatively harmonic. Now, I concede that we could be finished at the 'Y' point, and I will let time prove me wrong, but I am leaning towards this interpretation.
The current structure has the first X wave retracing 30% of W, and the present XX wave retracing 30% of Y. That being said, I don't believe that this XX wave is done yet. In fact, if you look at the Major Trendline that we have corrected against, it stands to reason that we may need a few pokes at it to break on through. This to me, smells of triangle formation - 3 bumps and then through - which would also satisfy the guideline of alternation ('X' was a sharp double zigzag, so 'XX' could be a triangle). Triangles are often the penultimate structure, which would fit nicely with the last Z leg of this correction.
On the Weekly Chart, I have a projected target of 1236ish, which represents a heavy confluence of individual targets and time:
1) Its the 61.8% retracement of the entire drop
2) It's where Z=78.6%Y (notice that Y=78.6%W)
3) It's where the Inverted Head and Shoulders projects to.
4) Its where the 78.6% fib fan resides
5) All of the above intersect the 78.6% Fib Time Projection on April 04,2010
So, I have taken all of the above into account, to go out on limb and say that this rally is not over until the spring. Just some food for thought.
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Its a sensible arguement you came up with.very likely scenario in my mind.
however,to further support your case,I think you should take one more thing into account and that is the number "666" you mentioned in your post.S&P dropped EXACTLY to this point.Why?
have you wondered why 666 and NOT 665 or 667 or less or more? coincidence?
if you google 666 you will discover stuff which explain that and you can conclude many many things.
666 is Sacred number,its Satan number,its unconscious number...
The Wall Street and The While House and the World run by the Vatican.
as I mentioned last week,they delayed the Stock market crash by manipulating the markets.this time crash's shape and its
timing will be different.
they preciously have planned everything in advance.
and other related topic I was stuck with was that I think Elliott Wave Principle can also work by few indivisuals(small crowd)who have access to the BIG money to move the markets,(as long as they maintain their access to the big money).I think EW is about the quality of the crowd,NOT neccessarily the quantity of them!!! (its been a myth.did someone challenge Prechter on this??I'd like to know.)...few Goldmen Sachs and fat boys bankers can set a
direction for the markets.easy!(atleast they did it for 6yrs,from 2002 to 08) then crowd of trend followers and the main crowd will follow their direction,therefor I think,the Elliott Wave patterns created and run by small crowd of people and Goldmen Sachss in our sociaties! in my mind,psychology and behavioral patterns of a small group of bankers and instituations with 80-90% of the market daily transaction
CAN potentialy form the EW patterns, NOT neccassrily the mass with 10% of force and infelunce!! (I know this sounds abit bizzar but this hit me as an ephiphany over this weekend)...
here Dr. Van Tharp article below says Goldmen Sachs and th Elite have made billions and billions in almost all the stock market crashes since 1929)
here that article again:
How to Manipulate a Market
A fund manager from the USVI at the Peak 101 Workshop two weeks ago mentioned that trading for him is especially difficult right now because so many formerly reliable market factors and relationships simply don’t work anymore. The current S&P PE ratio “imbalance” mentioned earlier is but one example. In large part, I believe these effects arise from the government pouring money into the stock market through big money players, especially Goldman Sachs.
In a July feature article in Rolling Stone, Matt Taibbi suggested that Goldman Sachs has manipulated and profited handsomely from eight market bubbles since the Great Depression. These include the energy bubble of 2007-8 and the bailout bubble of 2008-9.
Reported elsewhere in July, a former programmer was accused of stealing some valuable software from Goldman Sachs. Interestingly, the Assistant U.S. Attorney on the case said, “The bank has raised the possibility that there is a danger that somebody who knew how to use this program could use it to manipulate markets in unfair ways.” (emphasis mine).
Here, though, is the best part according to the assistant U.S. Attorney: The proprietary code lets the firm do “sophisticated, high-speed and high-volume trades on various stock and commodities markets,” prosecutors said in court papers. The trades generate “many millions of dollars” each year. (A Bloomberg article on the theft noted that in 2008 Goldman earned $2.3B. In millions, that would be two thousand, three hundred millions.)
YouTube - 666
Jay,I think you are pretty accurate on timing on the next spring.and that call resonates with my monthly USDCHF chart I posted a acouple of weeks ago,that the USD will make multi-decade low and there after,"the end" for the Dollar wont be that far.
S&P fall to
666:
Everything preciously have been planned and IS under control... 
have a good weekend guys.
