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   Strategies & Market TrendsWaiting for the big Kahuna


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To: freelyhovering who wrote (94595)7/6/2017 4:47:53 PM
From: Bull RidaH
   of 94614
 
Here are excerpts from a private message I shared with a comrade on 7/3 with regards to how this crash/correction proceeds from here in light of the 39 day crash of '87. This scenario suggests a much more dangerous wave count allowing a much deeper decline is operative than what I originally suggested, as recently summarized on Zmans forum...

"In comparing the 2 charts, it's obvious the current chart is proceeding at between 1/5th to 1/6th the speed. Thus, with this past week being the 2nd full week since the top, it should be and indeed is comparable in price action with the 2nd day after the final '87 top.

Looks like the first 5 weeks of this correction will proceed very slowly, only progressing down about 1% further each week. Then a strong rally proceeds that takes the market back near 2400 spx, or only 2% from the all-time high, before a sharper slide begins that over the following 4 weeks takes it down to 2200 spx. This decline should be followed by a 50% retrace of the entire move lower that takes it back to 2325 spx. These preliminary sell-offs and rallies may not be the kind of moves we can make a fortune on, but could help accumulate more capital to deploy at the opportune moment when all hell breaks loose much later on.

The total corrective move from the 2746.7 high to the 1616.2 low in '87 was 41.15%. As I indicated on Zman's thread (with an assist from him), based on the size of corrective activity off the Spring of 2015 highs, this correction could see a move from the 2453.82 high to absolutely no lower than 1480 SPX, or 39.69%. I do believe the full correction to near 1480 SPX will happen, and in a manner that rhymes with '87, but at the slower pace mentioned above. The '87 correction took 39 trading days after the topping day to the final low. With last week being week 1, this decline will probably take roughly 38 more weeks, with the last several weeks of it (March 5-23rd, 2018), like the last several days in '87, seeing the precipitous portion of the drop and more than 65% of the total decline."

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To: Bull RidaH who wrote (94596)7/17/2017 8:54:28 AM
From: freelyhovering
   of 94614
 
When do we drop? Looks like rally to new high happened Friday.

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From: blitzfund8/20/2017 10:40:46 AM
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Geez, we didn't close on the low last TGIF but close enough.

Surf be breaking on Monday.........................................



Blitz

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From: blitzfund9/25/2017 9:43:04 PM
   of 94614
 
Three Peaks and Doooooooomed House, just maybe...................................

thepatternsite.com

bigcharts.marketwatch.com

Just maybe if $TRAN stays below 9763.66, we are at point 25 IMHO...........................

Surfs up
Blitz

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From: blitzfund10/15/2017 12:16:33 AM
   of 94614
 
Another 50 cents and what 4% could do............

ruffer.co.uk

file:///C:/Users/athroughz/Desktop/hedge%20fund/Convexity_Maven_-_Rambling_near_the_Edge.pdf

Surfs up,
Blitz

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To: freelyhovering who wrote (94597)10/16/2017 3:54:10 PM
From: Bull RidaH
   of 94614
 
10 week symmetrical triangle in S&P Futures broke out higher September 7th at 2475 and targets 2559.50 for neck-snapping reversal lower. All upward action since Sep 7 has been a classic "bull-trap", and we should see a correction begin from here and take the S&P to 2200 minimum / 2050 maximum before year-end. Duh Chef is about to have his kitchen re-arranged!! :)


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To: Bull RidaH who wrote (94601)10/16/2017 4:21:31 PM
From: Fintas
   of 94614
 
Heck that downside would just be the move towards the election eve results.

Then it will get interesting to watch how the cookie crumbles.

However I must note that there are many suggesting 2700/3000 without any retrace. UP UP and away.

I disagree and nice to see you put up an objective post. Thanks.

Fintas

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To: Bull RidaH who wrote (94601)10/17/2017 6:38:40 PM
From: da_cheif™
   of 94614
 
clown gathering Message 31308398

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From: blitzfund11/19/2017 10:35:37 AM
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pop quiz
Who said this? No using surf engines allowed
"I'm sorry that a light bulbs didn't go off in my head a couple of years before they really did, but there was no question. I was hearing stuff that was scary. And I wouldn't have seen it in the data. Because contacts said that people were trying to give them (versus now days money that was created out of thin air) money to invest without asking questions about what they were going to do with it.
I absolutely did not see it as something that could take the financial system down... (aka better known today as the global enchilada).....
Will the light bulb go off this time? with the surf ooooh soooo high...
Blitz

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To: blitzfund who wrote (94604)11/19/2017 1:39:26 PM
From: Fintas
   of 94614
 
Jamie Dimon? Mozilla? Fuhd? OR..

Fintas

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