At the bottom of this post I show a chart that sets forth a projection for the end of the current market decline which began May 2, 2011. Now if anything goes wrong,
IT’S NOT MY FAULT.
I have nothing to do with this.
Well ok, a little, but mostly it’s
Scaby, after all, is an arrogant insect who claims to be the real discoverer of Jung’s synchronicity. Now of course I have free will. I don’t have to post this chart if I don’t want to.
But I want to.
I’m not going into the whys and wherefores of the chart and why I think it will show the end of the current down move, but I will explain a little of it. The end can occur either at the red vertical line toward the end of 2011, which is the horizontal time extremity of the second smallest circle at the top. Or it could occur at the perimeters of any of three larger circles. Since those are perimeters, the market could in effect dump down to one of them tomorrow, and the move could qualify as over.
Now prediction, as we all know, is a funny business. It is much much easier to be wrong than to be right. So I am not going to say that this absolutely has to happen. It is what I think the market will tend toward. If I were to be really bold, idiotically bold, based on prodding by that useless bug Scaby, I would say the down move CAN’T be over unless a turn occurs at one of these junctures (or a further juncture which would be even more dramatic and isn’t shown on the chart because it won’t fit.)
Now you can fool around with circles at home if you want. With parental supervision. But years of thought and experimentation and learning how to properly scale the chart and being wrong when I thought I knew everything has preceded this rendering, and I am quite sure the market has more to teach me with a wrap or two on the knuckles.
So, of course…
It goes without saying…
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