Monday, October 24, 2016

Guess where stocks maxed today?

Should it be spelled maxed, or maxxed?  most consonants would double in this situation, but aparently not x.

That top blue line, which I believe is inpenetrable (on a clasing basis) resistance.  It's formed by the magic hidden dates I posted about earlier.  No false flag happened, but it was a market top. Additionally, "The Money Monster" had a hidden date for the 23rd, which was another market top.  This blue line connects both those dates! And the 8-15 all time high.

And, don't forget, it's OCTOBER!  However a market crash favors Trump I think, so maybe they will keep it up for Hillary? 

the most recent weekly timing array we have said last week was a turning point.  It closed above the previous week, meaning this week should close lower despite starting out higher.

I've had a lot of good trades and bad trades since sept 7.  The good ones are all bounces off this line. 

I'm also cautioning you to not pay any attention to the buy signal on evolution.  It's been too choppy of late for these signals to have meaning.  If you don't believe me, look at the signals the last few times the price hit this resistance line. 

Of note, we've had a number of consecutive lower highs, and the recent low was lower than the one before.

From the quarterly timing array, this quarter is a turning point, but I don't know what that means.  I think it will be a low, and a continuation of where we have been headed since the panic cycle last quarter.

1 comment:

  1. I appreciate this blog.
    haven't been posting recently but I've been here.
    Thank you Joe!