Price foretells tsunami wave lambda

[deadbroke]

Nikkei is not that far from zero in this long, 20-yr correction - of course in % terms we could easily drop another 40-80% from current levels. In any event I wouldn't rule out Japan just yet.

BEAR, by definition will test alliances that almost nobody could have thought of in advance ....

the Israeli - US relationship already tested

the UK - US relationship will be severely tested

Russia/China/India .. a possible alliance or perhaps in a BEAR war, China conquers all including Japan and then Asia becomes a China?

The loose end right now for me is Japan's lack of weaponry.

So its all still fuzzy, but sooner or later solid evidence will show up in some form or another as to who is the next empire.

 

[deadbroke]

Next time we look at my favorite indexes, ^SSEC (China), N_225 (Japan), HSI (Hong Kong), TWII (Taiwan), STI (Singapore) and KS11 (Korea) - for clues.

 

[deadbroke]

Quote from deadbroke:

For my Call to be correct, Dow Jones must do the following ....

(1) Trendline thru' Feb 5, 2010 low must break on strong volume

(2) Wave closing low of Feb 8 must crack

(3) 200 m.a. then acts as resistance to a rally attempt.

(4) Confirmation must come from Nas, S&P & Trannies.

(5) Vix must confirm

only then is my CALL in motion.

Staggering is the insouciance of the Brits - empire crashing, their currency in freefall, but London Footsie (FTSE) powering northbound alongside Jones guarantees continued Lalaland.

So adding this to the conditions noted for Jones above - as together, the UK and US are really the very same empire ...

FTSE as of friday at Fibonacci confluence

261.8%

261.8% of last subwave/wave

78.6% retracement of May 23-08 coordinate.

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Break of steep trendline + take out March 15 closing low and we're off to the 3rd world.

 

[deadbroke]

IBM

 

[deadbroke]

IBM daily chart





Is the Jan 19 top THE TOP?

5 waves up from Nov 20-08 low completed

upper trendline broken

but is the drop from the top, impulsive? Looks that way, but not sure.

So, what to do?

Let the 2nd trendline be the arbiter. Break that convincingly and its a solid shorty.

 

[deadbroke]

60-min. timeframe SHORT (DIA or Qs or your choice)

entry if and only if Dow Jones 60-min. close below 10,835 occurs.

cover @ approx. 10,528 = Fib 38.2% (Feb5 - Mar 25 grid)

then likely reverse and go Long opportunity will be provided later.

 

[deadbroke]

How the above 60-min. potential shorty fits in with my overall Daily chart (& beyond) view ......

when wave 5 up completes in the 60-min. chart, it would also be the end of the entire Daily upleg from the March 2009 lows.

Massive short opportunity to follow this upwave 5 completion will be called then - with reference to page 1 of this thread as bear cub's pappy aka BEAR exits hibernation #2.

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a learning and test of theory realtime opportunity has been presented by Mr. Jones himself .....

see the 60-min. chart drop from March 25 top to the 26th low? Its a 3-legged move = countertrend. Therefore the larger trend is still up. That's what the Theory says.

Let's see if it works?

 

[talebi818]

With the availability of credit, America would never experience a Great Depression like society.

The closest thing we had to a "Depression" was 2008-2009 and I dont recall people not having enough money to buy an apple. Nobody was jumping out of buildings no long lines at soup kitchens in fact everything seem pretty normal. For almost 80 years a development of a new kind of class, the middle class, is what kept us from getting to a Depression.

There are plateaus in the economy and society, created by our government and American people, and a Depression like world is not even possible to reach as long as people have the willingness to survive in their Middle Class way of living.

 

[nickdes]

I think the middle class will soon be "a thing of the past"

 

[deadbroke]

Quote from deadbroke:

60-min. timeframe SHORT (DIA or Qs or your choice)

entry if and only if Dow Jones 60-min. close below 10,835 occurs.

cover @ approx. 10,528 = Fib 38.2% (Feb5 - Mar 25 grid)

then likely reverse and go Long opportunity will be provided later.

---------------------------------------------------

60-min. chart updated. No Short entry yet as per my guidelines.

If short does occur, then here is an additional watchout re:cover

cover @ approx. 10,662 = Fib 38.2% (Feb 25 - March 25 grid)

so now you have 2 "cover" levels to be extra cautious at.