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jp6

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jp6 last won the day on September 21

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Bachelor of Stock Proctology

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  1. When the Top came in September. Did not imagine that it will be more like 2007 with Slightly higher high on all indexes. Not only that even BTC did the same. During September top there was no Huge gap up. yesterday was ideal. Is the market going to head south. Yes If one look at all tops they do distribute then it head south. which we will see next week.
  2. It's like 2007 where Most Indexes made slightly higher high to fool everyone. Gap Gap is classic where they clean out shorts and get Bulls to load up. Huge Gap up that got sold is how top are made. Check How the Fib Sq. Plays out if one runs them Backward. There are 2 scenario that can play out SPX heads south to 4555 then head back up and do double top or It head up and do double top. 1st one is how they distribute Look At SPX which has done Perfect ABC and has met all the upside. Today it will do small C wave 4555 then back up again for the final time.
  3. How many were here when in 2007 stocks and inflation were going to the Moon. 2007 Housing collapse everyone ignored it. Now 2021 China has the same problems. One thing for sure excess liquidity from china won't be coming to west. Since CCP is running the show in China. Price of apartment may not go down much and may make it impossible to sell their apartments. there will be no more apartment construction Boom. will they buy more raw material from Australia or Buy real estate in west? Remember what happened to Japan after Bubble deflated. Checkout HYG and Move Index which are linked to Bond Market. https://www.scmp.com/magazines/style/news-trends/article/3091222/japan-1980s-when-tokyos-imperial-palace-was-worth-more https://corporate.nordea.com/article/67806/china-im-forever-blowing-bubbles-how-bad-is-the-situation-in-chinese-real-estate
  4. We did get a huge bounce and was more then ,618. Now we have Double top like 2007 also Have H&S on Dow. NDX is making lower High similar to Dow 2007. Spx is making slightly higher high then September top. Believe that Dow would make it to 36K. should have realise when it wasn't going down according to plan that it will be like 2007. slightly higher high. Not like Y2K or 1929. What we will see a distribution then Plunge. 1974 Bottom to 1987 top was 662 weeks 2007 Bottom to 2021 top if it's 662 weeks would come to 8th November. I believe It will come before 8th November. Here are some charts showing You 2007 top and H&S on Dow. neckline is from 1929 top, 2000 Top. There is a good chance that Dow will hit 36K before it's all over. NDX should not takeout 15510 on closing price then Bearish scenario may begin week commencing 25th October or by 8th November. Most likely it will be over before 8th. November.
  5. E wave on #spx is targeting 4435? D Wave 4375 and close the gap? Will E wave complete today or on Monday? Or there is no D wave if #spx takes out 4350 If #SPX close the gap then goes up today means E wave will complete around 4435.
  6. Little disappointed that we did not get red Close. Then found the triangle like before the 17th September flush out. That lasted 2 days with Huge bounce. Tomorrow we will find out if it's a same setup with 2 days flush out and Huge bounce.
  7. looks like there is a fight between bulls and bears. On one Minutes DOW chart there is Triangle developing.
  8. Most of the downside will be tomorrow and Friday and may close above the low. Be careful that you don't get stuck with the shorts.
  9. What we have is morning Rush to close the Gap. Which isn't going to get filled That will get filled during scam week.
  10. If my dates are right then Bottom will be in on 8th October then Scam week will be up. Most likely it will be a huge gap up on Monday. Scam week will be bad for Bears that will bring 28 days cycle from top will come in play. that will be very bad for bulls. See how it played out last time. 3 red candle is all bears will get until 28/29 days come in play. Dates rules the market. which will be confirm during the scam week. How big the bounce will be? Don't get fooled into believing world is about to end.
  11. 3 Red daily candle is how it play out. rally will get sold and tomorrow we should see another gap down. Don't get fooled Monday will be Big gap up and Bears will get slaughter during Scam week You don't want to be short during Scam week.
  12. Trend change is coming. Instead of red, green, red Green daily candle 3 red candle followed by gap up and retrace .5/.61 and that will be all it wrote. bottom in November
  13. Ideally would prefer for indexes to go up today. line in the sand is 4320. Which I don't think will be taken out. 4385/4397 would be ideal for today then when you wake up in the morning tomorrow market would have gap down.
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