Price foretells tsunami wave lambda

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Volume in Spy, DIA and Qs ........

vol should go with the trend, and it did this well for the entire crash from Oct 2007 to March 2009 lows.

The March 2009 onward alleged bull is running on fumes to such an extent its a miracle he's gotten this far. Nowhere near the vol of the crash.

And then the last 2 rallies and declines were on low and increasing vol = a bad, bad sign.

Finally, this last rally since Feb 5, 2010 low is on such low vol as to be highly suspect.

It stinks.

But the daily trend is still UP. And TREND can go miles with even a limp dick. :) :D :D

So I wait for the trendline/wavelow break et al

:)
 
Why the Dow Jones is at an ultra-important juncture - explained ...... IMHO of course :)

shown is the wavecount as One, two in black - then One, two in blue. The blue count is clearly steeper, i.e. slopewise - thus implying that BEAR is subdividing and that Wave III will be the extended wave. Current retracement of One down (blue) is 61.8%. Just sheer poetry to me.

This is significant because BEAR is setting up for his majestic power move, his full throttle, maximum thrust aka relentless MOVE in

three down (blue) & it will adhere to Fibonacci in some form or other either in Extension, Expansion or 423.6%

This leg is aka the RECOGNITION phase - all doubters will throw in the towel as the waterfall decline gets going.

I believe BEAR's setups on the ground are complete as I saw this ...

InsiderScore says that corporate insiders are once again selling at a torrid pace - their buy/sell ratio is back to levels seen in spring 2007.

Mutual fund cash levels are at 3.6%, back to the historic 2007 market top level.

There's more evidence but this ought to do, and just like the young boy in "Summer of '42" discovered that the word "foreplay" keeps showing up as a significant sign, so too does reference to 2007 top keep showing up frequently - as a sign. :)




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bonus: :) :D

unless ultra-highend under 10", turn off the subwoofer (to preserve integrity of the upper base) if satellites are fullrange on their own, switch power cables to 8-gauge, plug in some goldmund cones under the pre and power amps, get rid of all furniture except for the listening chair, send the family off someplace else - this appears to be an audiophile, ultradisc recording with a clearly defined soundstage

http://www.youtube.com/watch?v=Q-f4-IeNQ3c
 
Quote from deadbroke:







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The above Dow Jones daily chart is updated below - please note the current perfect hit at the 161.8% target line.

But, will this hold? To answer this, its always best to go to Daily Trend, which clearly shows that its still UPPP and furthermore the Law states that TREND tends to continue until it bends - so let's be patient. The trendline shown is also still intact. What's more is that there is not even more than just a minior infraction on 60-min., and even there the uptrendline of the last upwave on 60 is also still intact.

Thinking ahead, if Jones just blasts thru' this 161.8% level it would suggest that he's either going to 261.8% on the same grid or that the current grid coordinates should be changed to include 11/4/08.
More...
 
Quote from deadbroke:

True, but doesn't count by MY method, which assigns it as an internal wave overlap; if it is the last wave, then lucky, if not, then whipsaw city on closing the Vix short prematurely.

Vix Short ongoing since April 9, 2009.

:)
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Q.E.D.

Why? .... Vix made a new low. Hey, no biggie, just a fluke. :)
 
Quote from deadbroke:

Q.E.D.

Why? .... Vix made a new low. Hey, no biggie, just a fluke. :)
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Just some deeper thought-ing on Vix ...

Vix also has a similar (to Jones) 161.8% hit.

look at the last daily chart mini downwave from Feb 5/2010

see the 2 small subwave humps within this wave?

that means this is an impulse leg down consisting of 5 internal subwaves.

OK then, if we get a close above the March 10/2010 subwave top, that would be quite significant and the new uptrend breakout could start from there - this would be clearly visible on 60-min.
 
The next superpower aborning ........

Some thoughts on the Millenium Wave ....

British stocks history starts from around 1720 and then Dow Jones history takes over from around the 1800s - my data goes back to 1800 but I've seen Bob Prechter's chart starting from 1700s.

The reason this matters very much is because I'd like to be able to determine WHICH upwave is being corrected? I'll be damned if I'm going to take my teacher's (Prechter) word for it. :)


-contd-
 
So if the current anticipated (on page 1) correction is of lesser degree than grand millenium, it could be either supercycle or grand supercycle, in which case, after the collapse is over, we're heading north (=bullmarket continuation on quarterly charts)again for the next 70-150 years - but with a different lead horse.

Prechter is cocksure that China will be entering Wave 3 north after the current crash is over and that it will be the next King.

This seems plausible and almost everything is pointing that way, but personally I'd rather hold back and wait to see what happens with Japan. Why? Because the Jap BEAR started in 1989, well before any trouble was spotted in any other country. It was therefore ORIGINAL aka Original Sin. :)
 
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