Spirit Of Truth
Inactive
My latest blog:
MONDAY, AUGUST 30, 2010
Stock Market Crash Alert
As warned about in my August 11th blog, "WARNING: Crash of Western Civilization may lie dead ahead...", a significant reversal in stock prices and associate mass mood took hold. Today, the DJIA fell 141 points closing nine points above the psychologically important 10,000 mark. As overviewed in my thesis, reversals below psychologically important thousand marks in the DJIA are often associated with sharp drops, sometimes in association with geopolitical shocks.
Just as the DJIA looks set to decisively break below the 10,000 benchmark, the Elliott Wave pattern has traced to a wave-3 of multiple degrees of trend at the current juncture. Here's the wave count according to Elliott Wave International's short-term update:
This suggests a crash of some sort could lie immediately ahead.
These developments, on top of the recent Hindenburg Omen signal and the fact that we are entering the "Fall" season when a series of Spiral Anniversaries will occur, indicate the potential for a stock market crash, possibly in association with a historical shock, in the days ahead.
MONDAY, AUGUST 30, 2010
Stock Market Crash Alert
As warned about in my August 11th blog, "WARNING: Crash of Western Civilization may lie dead ahead...", a significant reversal in stock prices and associate mass mood took hold. Today, the DJIA fell 141 points closing nine points above the psychologically important 10,000 mark. As overviewed in my thesis, reversals below psychologically important thousand marks in the DJIA are often associated with sharp drops, sometimes in association with geopolitical shocks.
Just as the DJIA looks set to decisively break below the 10,000 benchmark, the Elliott Wave pattern has traced to a wave-3 of multiple degrees of trend at the current juncture. Here's the wave count according to Elliott Wave International's short-term update:
This suggests a crash of some sort could lie immediately ahead.
These developments, on top of the recent Hindenburg Omen signal and the fact that we are entering the "Fall" season when a series of Spiral Anniversaries will occur, indicate the potential for a stock market crash, possibly in association with a historical shock, in the days ahead.



Thee is still time. The so-called Hindenburg Omen says we still have a few weeks. There is another about Israel attacking Iran or Lebanon or both within two weeks. That one is drawing quickly to being another failure.

