Yes, we may very well repeat exactly the same pattern, including the FOMC of Jan 31st (and here of Nov 7th) as the trigger for the start of the decline, but unlike then, when I called for the February massacre (and thus new lows under the Jan 3rd lows), I don't expect us to break the September lows. Like then, the top i slightly in advance of the 7th, and one should expect another mini decline here followed by another attempt at 1793 later next week or early in the week after that (which if it happens, will mimic the exactness of the call early this year for "get out by 2:00 PM on January 31st").
As for the nature of the decline, right now I have a first bottom on December 14th, a small rebound and minor retest on Dec 21st, and then, it is "to da moon". Tentatively, I have 1920/40 or so late in January, but it is a little premature to nail that one down. |
