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The following material is normally limited to paid KRTT customers. We included it here as a sample of our paid services, and also for your educational benefit.
Our recent published KRTT trend and cycle analysis as shown here in our BBTL blog, clearly depict that in the upcoming trading week of October 25th - 29th, 2010 should witness an abrupt change in trend - to down.
Our Elliott Wave labels have consistently shown this for some time, as an upcoming minor wave four down, within the context of a larger and important terminating wave five up.
In essence, after the next corrective minor wave four down, followed by a final minor fifth wave up, within the larger degree five wave, we will eventually terminate this current up trend and experience a far more serious correction. This does not however consider the possibility of fifth wave extensions caused by cycle inversions - our primary topic herein.
We have therefore warned by necessity of the considerable dangers as we near terminating impulsive waves. The end of fifth waves are thus major turning points in past trends. Nonetheless, at least so far, there has been very little sign of any real trend change.
When a market seems to go on and on more than expected, in Elliott Wave (EW) lingo - these are called EW extensions. To a savvy Technical Analyst, Cycle Analyst, or Elliott Wave analyst, this should be recognized as soon as time or price targets are violated.
However, as we have also pointed out here before, the financial markets are ever dynamic, and although they absolutely follow and are ruled and obey Natural Law, and distinct rules of science just as Gann and Elliott predicted, they are also subject to sudden surprises and inputs that are created by Man, and therefore savvy traders and investors always keep an open mind and develop a "what if" plan.
Your "what if" trading plan is essentially your own personal second best market viewpoint, or your next best forecast or perception. Stated differently, it is your best alternative market forecast to your primary forecast.
As our KRTT cycle time is now very near, or essentially virtually at our pre-calculated date for an important time cycle to expire, we noted and are somewhat concerned, given that the SP500 is still below our calculated price target.
This implies for things to work out exactly and according to our past calculated cycle and market geometry TP (time-price) plan, the market must now rally immediately to our price target, and further do it very early this week, preferably within the next two trading sessions, so as not to violate our time target.
Sometimes natural cycles are interfered with and changes or mutations occur. As we have taught here on this blog, when this happens, it is invariably due to big material changes or significant news and events.
Usually, it is also associated with a material event of surprise. Again, we call this KRTT thesis our "Man Made Upset Mechanism" which we consider a proprietary KRTT concept***.
Given the important G20 meeting this weekend, the ongoing global currency wars, and the lunatic rush to have a trade advantage via having the lowest currency, there seemed to be a deliberate and intentional G20 positive message being delivered at the G20 meeting conclusion, in an effort to calm nervous currency traders.
Essentially G20 leaders have announced for all to witness, that they will not attempt a competitive devaluation of their nation's currency, in an effort to appreciate their current account (current account relates to foreign trade and the level of imports versus exports - a lower currency allows your country to have a trade advantage since your exports become cheaper. This strategy is convoluted and extremely dangerous since a lower currency destroys all past wealth accumulated by that nation).
Further, and equally material in nature, the Federal Reserve's upcoming November 02, 2010 meeting, will release the very first details of any definitive plan for additional USA quantitative easing.
Last, and also material in nature, the USA is now rapidly approaching the eve of the important USA mid-term election. The USA mid-terms implies the PPT may well be in secretive action to sustain or stop any market volatility - just before or just after the election. Again, more on the PPT can be downloaded on our Education page.
In summary, any or a combination of these large scale material events, or other surprises could temporarily delay, upset, or subtly impact the planned KRTT Natural Law cycle turn date this week and our former price targets which call for a double top near the April 2010 high.
Knowing of such events, having a sound TP plan, and understanding how events may interact or interfere with our primary plan, we therefore at KRTT had to immediately calculate and discuss an important what if plan. Another way we sometimes express this is; our plan B.
Our current what if plan and our KRTT teachings, suggest that when a cycle turn date does not complete exactly as expected, one may experience a cycle inversion causing a delay of the cycle turn.
This according to our advanced education about cycles and other KRTT thesis implies the cycle will be delayed and most likely mature or terminate on the next following harmonic cycle.
In this case, that next farther-out harmonic cycle date, currently calculated by KRTT for such a delayed inversion turn down from the peak, - which by the way we still expect to be at about the 1220 price level (very near a double top) is approximately November 11-14, 2010.
We have attached a chart normally seen only by our paid clients.
The best approach remains, chart the trend, spot the trend and go with it.
Sincerely,
James Kelly Sr.,
Editor in Chief, BBTL Blog
www.KRTT.com
www.Facebook.com/KRTTcom
***IMPORTANT COPYRIGHT NOTICE
About our KRTT Upset Mechanism Theory...
Our KRTT Upset Mechanism discovery and theory*** also explains via emerging science, why after too much intervention or manipulation by Man himself, (i.e. sub-par interest rates by Central Bankers for too long) financial crashes or even lasting recessions occur. These crashes, are in essence, a summarizing way of essentially Nature putting back into proper order, the proper natural cycle as it was meant to be. Finally this is an extremely important endorsement for laissez-faire economics.
***Should you wish to use, quote, write about, or in any way explain and discuss our herein disclosed Upset Mechanism theory as written, we ask that you please protect our intellectual property rights and ensure that you apply recognition for such theory to Kelly Research Training & Technology (www.KRTT.com) until such time as KRTT publishes such theory, and other material in E-book format. This book will eventually be sold over the internet for a reasonable cost via our web site.
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