Our missive is short and to the point this evening. We are near an important equity market inflection point for the SP 500 Index.
In our view, the coming equity market top will be highly tradable and profitable, by those whom have the know how and discipline. We also expect global equity indices such as the TSX, FTSE, DAX, Nikkei, and Shanghai will correlate closely and correct simultaneously.
In the SP 500 assuming our wave count holds up - it will involve an Elliott Wave Four Down - within the context of a larger degree five wave up that we have previously discussed in considerable detail, complete with many of the coming characteristics to expect.
However, as many of you probably noticed by the low equity market volatility today, the SP 500 Index and several other global indices are acting as if they were fixed in cement. Every rally sells off, and equally every sell-off rallies back. Low volatility and range contraction bars invariably precede higher volatility.
In fact, this is the major premise of Bollinger Bands as well as trading systems used by several market wizards.
It is as if the PPT is now protecting the overall USA equity market stability, until after the USA mid-term elections.
As a result, our latest calculated cycle target for the rapid change in trends that are coming (from past up - to future down) are about the middle of next week. Our chart exhibits below discuss exact dates that we believe are now "in play".
Remember, any catalyst or trigger mechanism could start the sell-off sooner.
Only a massive planned capital injection such as that of the PPT could hold the markets steady - once that process begins. Therefore, we recommend that you now have your stops fully in place.
The most logical time for the upcoming sell-off to begin, in view of the probable PPT scenario, or alternatively, for one last sucker rally (sheep for the Wall Street Pros to fleece) is immediately following the Quantitative Easing (QE2) announcement expected by turbo-money-printing Ben Bernanke and the FED on November 03, 2010.
However, if you are new to this blog, please read several of our recent messages regarding the SP500 Index, or otherwise, you may miss the mosaic of important financial information.
So in a nutshell, the vibration has started.
The vibration that I am referring to is the law of vibration as expressed by the great W. D. Gann.
KRTT a tiny unknown company to the world has fully confirmed after thousands of hours of research that the Law of Vibration fully exists as Gann stated. In fact, we believe Gann actually discovered exactly how the financial markets operate in prefect Synchronicity.
Had Gan not fully discovered the exact process, we believe he never would have used the word vibration.
Vibration, a term to describe particles or waves in physics is indeed the correct word.
In the end, we believe Gann never fully disclosed to the world, all of his incredible secret(s). Frankly, as we have also confirmed, he was probably correct to assume that the world was not ready for his science discovery, nor was it respectful of his genius and unprecedented work ethic.
Expressed simply, there are many cycles that inter-operate and impact each other.
Cycles are nested and essentially they vibrate, sum and interact, and exactly, which cycle ultimately becomes the dominant one or catalyst, and then sets into motion the impending change can vary - but only to a degree. These are the trigger mechanisms or "upset mechanism".
Trigger mechanisms or upset mechanisms in these cycles can also be introduced by Man. Thus Nature and Man are invariably inter-twined. What we see daily on technical charts is both, but the dominant cycles of Nature - are without any challenge and appear over and over, just as the great W.D. Gann and a small select few others after him, have stated.
Yet, who would believe or understand this blog, if we simply stated; "Let's get ready to vibrate?" I am sure the great W.D. Gann would be smiling, and had a great sense of humor.
BTW - There are still a way too few whom have signed up to follow this blog. Also, we do not have the time and resources to promote it, nor should we given the material we can present. We respectfully suggest that you follow this blog, and tell your peers.
We say and believe without reservation, it has the potential to become known as - the most accurate source of free financial equity and commodity information (based on the financial truth) available anywhere on the planet.
Respectfully,
James Kelly Sr.,
Editor in Chief, BBTL Blog
www.KRTT.com
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