The final upthrust is that in this cycle count I have, the 4 year Kitchin, we have 9 Wall Cycles.
We have finished Wall 8 and are now entering Wall 9. Cycle Wall 9 should see a rise into the final break and excert itself to the upside in some way. (Of note, 1929 and 1987 both ended in Wall 9 counts).
Listen folks, once this last thrust is over, we are talking a crash, like 1929 and 1987.
Just be warned. There is no way it can be avoided. We should see a drop of 40 to 49% and it will happen in only 12 weeks! And again I have October 2006 for this low to happen.
Will post again once it seems the top has shown itself. The plan for me is to hold a core short into this final upthrust and build into it.
If your short this down move with a large part of your capital you should survive the money printing the FED may attempt. We know they are using the Carib. banks to buy their own debt to support the dollar. They may attempt to support the DOW the same way - and I feel the reason they brought in a Goldman boy is for this reason, Goldman is a big player on the PPT team.
I feel they will not print to the level of destroying the dollar, they are not stupid enough to lose control of the system they have built. But lets not kid ourselves, we are in one heck of a mess here.
It seems the only policy they have right now is to control oil and try to maintain the dollar standard. Without the dollar standard and all this debt, can you say we are backed into a corner of pain.
---As for Real Estate not deflating, do you think a 45% drop in stocks will not effect price. Seems to me, markets are bloated around the globe.
---As for being wrong in the past......long term, survive and trade another day. There is no wrong, I teach my kids that, there is only learning and growing - AND SURVIVAL.
Good Luck.
West |
