"jolly green giant called wednesday", page-9

Well that was interesting.

I had too many bullish signals other than to be modestly short, till they turned again, and they haven't, lol.

I think the only alternative to rallying into August is for a top this weekend.

The chart below is one pattern I have been watching because although it is a weekly from 2007/9 it is a fractal of the daily from April this year. If it follows then we have a few more days up, probably to SPX 1120/30. That is also Sierra's spiral date. The red arrow shows where in the pattern we would be.

It could be this was the "training" exercise for later in the year just like 1987. In 1987 we had a drop into May and recovered. Then in August we had the exact same pattern down and just a day or two before the crash day, it looked like the May bottom, and many would have gone long on that basis.

I keep seeing more and more for Aug 23 as a rally top.

An armstrong cycle is 8.6 years and Gann cycle 360 days. All fractions, such as 1/8 1/12 1/3 1/2 etc are multiples of 1/24.

So Aug 23 is 1/3 Armstrong from 11/10/2007.

1/24 Armstrong from 15/04/2010.

1/3 Gann from 26/04/2010

1/4 Gann from 25/05/2010

Laundry has 26/08/2010, 1987 top 25/08/2010, Sierra spiral 22/08/2010.

Speaking of Laundry, his bearish thoughts would have the SPX go to about 1120ish, but I think we might be making a new T, because his oscillator has gone to the upper bracket and didn't stop at the zero line.