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.
Posted by Raj Time and Cycles at 9:33 AM