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It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning. Henry Ford


Those who surrender freedom for security will not have, nor do they deserve, either one. Benjamin Franklin
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The idea that you know what is true is dangerous, for it keeps you imprisoned in the mind. It is when you do not know, that you are free to investigate. ~ Nisargadatta Maharaj

Friday 18 October 2013

S&P has reached my 1743 fib/Gann target from a few weeks ago . Chart is Coolbizone's (ignore notation which I think is outdated )


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2 comments:

  1. Chartrambler18 October 2013 at 19:53

    For GNugs fans (thanks to SDMooks)
    Nugz: If this pattern is a die tri, it will be complete near 1744. If this is a die tri pattern that started at 1560, ( it could have also started at 1627ish spx low), then this leg should NOT go above 1749. For if it does, that will make wave 3 the smallest leg.
    If it is a die tri that started at the 1627 low, then the 1749 rule doesn't exist. But the best fit for a die tri here is that it started at 1560 low. ALSO, if we read the Puetz study, they are looking for a swish of a sell off lasting for weeks, exactly the same kind of sell off that follows the die tri pattern.
    THUS, A VERY DANGEROUS PERIOD IS ABOUT TO UNFOLD RUNNING FROM
    MONDAY, OCTOBER 14TH TO FRIDAY, NOVEMBER 1ST THAT COULD POTENTIALLY
    INVOLVE ONE OF THE WORST "PANICS" IN HUMAN HISTORY.
    This panic could take the form of a global financial meltdown and/or even a nuclear third world war.
    Once the panic starts, Puetz notes, it
    generally lasts from two to four weeks.

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  2. Anonymous18 October 2013 at 21:24

    Surprised to see this active of a pop today, singeing my TZA. However VIX and UVXY almost unaffected hinting they have bottomed and are basing for a huge pop. This move is likely some kind of throw-over, with the RUT in a quasi-hanging man candle over the 200,2 BB. "Cap'n she can't take anymore!" lol W

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