Friday, January 30, 2015
A Mini Crash wave is on the Horizon
Review: In my 1/12 public post, I was looking for a Jan 14 swing Low.
Forecast #1 from the Raj T&C 1/16 Weekend Report: “Jan 16 is a double bottom with the Jan 14 Low at 1988 SPX and we should see a rally into Monday Jan 26.”
Actual: We made a Jan 14-16 double bottom as expected and rallied a sharp 76 SP’s to a Jan 22-23 High, 1-2 Trading Days from the projected Jan 26 High.
Forecast #2 from the 1/23 Raj T&C Email: “We should decline into 1/28 Low at the 1/27 Solar & 1/28 Apex CIT”
Actual: We declined into 1/29 Low, 1 Trading later
Forecast #3 from the 1/28 evening Raj T&C Email: “Short term, tomorrow, 1/29, after perhaps an early lower low, we will see a retrace rally and see a 1/29 High. The Fed decision was bearish today and suggests lower lows. Today confirms that cycles are lower into 1/30-2/2 Lows at the 2/2 Geometric CIT”
Actual: We made a 1/29 lower Low and saw a 35 SP intraday reversal rally into 1/29 High. We have declined sharply this Friday morning Jan 30.
What’s Next: We should see a Feb 2 swing Low. If we decline below 1988 SPX, we will see a fast drop to test the Dec 16 Low at 1972.85 SPX and this decline below 1988 SPX opens the Trapdoor to Hell for a Mini crash wave in February on the basis of a Crash pattern that is being followed very precisely. First, however, after the 2/2 Low, we should see yet another rally to another swing lower High. It is good to be on the right side of this move at the right time, be prepared.