, fib and numbers are ruling the charts and geometric the world we see - so what are we waiting for?
Time is up!!! I see next week being ugly.
Listen to the songs...then you'll know how to read the chart....
Music at work:
First of all its a logarithmic chart:.
13 years of consolidation before a break out. Is that what we have been waiting for? 13 is also a fib number
Take a fib measure from the dot.com top to bottom and add 13 to your fib... gives 666.80.
There is 391 bars between dotcom - subprime tops and 2751 days. 3+9+1 = 13. Will we see history repeat itself?
I believe in cycles so if we are to see another 2751 days before next major top.... then time is about to be up!
This time around it gives 393 bars for making it the 2751 days. Playing with numbers then: 3+9+3 = 15
and 1+5 = 6 - could mean 6 years of market.
The top might only be a very short spike up and then puff - just like we've seen in the SPY december 18th 2014 (See link to chart right underneath the text here).
I'll be short from 2138 .04 (2+1+3+8+0+4 = 18 ... 1+8 = 9)
Time will tell but Fear not!
BTW: If its all math then for your reflection:
In numerology, the number 13 is considered to be the representation of perfection and completion. It stands to reason, then, that trying to improve upon perfection by adding a digit is a very bad idea indeed — your greed will be rewarded with bad luck.
For the religious or those who believe in other interpretations... I'll leave it up to you in order not to be offensive :
But 13, 6, 7, 9 & 666 all have their meaning.
13 is just a number - the meaning you give it is coming purely from your own beliefs
It is no different from people who think 14 period RSI's work, 14 periods? really? what makes you think that 14 periods is representative of a cycle in a market?
they are all based on assumptions which are tied to beliefs, problem is people don't question the underlying assumptions by validating them first
Well I'm just a normal being... using numbers as my tools. I believe we'll see the 1.618 extension due to the significance of the number being hovering around PHi. So right now I sit and wait for it to happen. Will price surpass it...probably thats the whole reasoning with Phi and fibonacci. By how much. hmm Time will tell. But I do believe we see 2138.04 being hit.
from 1981/2 lows to 1994, about 13 yr period, there is another bull market, with a rising wedge from 1987 low to 1994 high.
And many idicators showed divergence in that period.
BUT this resulted not in a breakdown but a 6 year FASTER rising bull market that turned out to be the dot-com boom.
So need to watch both possibilities.
We are currently a few months in terms of duration off the No.3 position... there were different drivers in 1987 - 2000 the key ones being the major shift in manufacturing centres from west to lower cost centres in the east, improvements in processes due to advances in technology etc and an abundance in credit thanks to Nixon and continual increases in debt.
The current run has been fuelled by one thing and one thing only QE...
The improvements in earnings are only coming after years of QE and ZIRP and now buybacks which has prevented natural price discovery and normal pricing of risk
The whole mechanism for pricing risk has been distorted by Central bank QE, the delusion is that nearly everybody believes right now the market is 'Risk-Free' because the Central banks have got our backs - which in my view is both false and dangerous..!
When the cracks happen and a sharp drop there will be denial first, probably a rally beyond the prior top and everybody will believe it is all ok again... false alarm... and then it will deteriorate from there..
The good thing about pain and losses is that people actually start paying attention to what they are buying again
The politicians are resting on their laurels an letting the central bank give them all a free ride with no stress, but longer term it only increases the risks
Best we can do is trade well and make money!
Things have to add up and a credit crisis need easy money to float in trying to overcome the lack of trust in the system. Kind of rebalancing. But doesn't all man made eventually have built-in flaws? Hmmm... With this one I see some unfortunately ones happen that could result in dire consequences..... The reason for having song number to "The edge of revolution" mentioned above.
and the FED is illegal by the constitution , where by the USA could revoke the charter and print money to pay them off , print money to pay all debt off ,even to all individual usa citizens . then print new denomination bills to avoid a run on wheel barrows and wagons . , new minimium wage [ about a million an hour and walla , the inflation we all worry about ..
Re the fed, central banks etc while we all agree QE distorts the free market and it makes for an interesting discussion the reality is we can only focus on what we can control which is our execution of our plan and adapt to the environment in which we operate
Best of luck to you all and hope all your trades are green!