Gordon Long: Ending Diagonal Dead Ahead

Started by CrackSmokeRepublican, February 01, 2011, 11:16:17 PM

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CrackSmokeRepublican

February 01, 2011, 11:16:17 PM
Ending Diagonal Dead Ahead
By: Gordon Long | Mon, Jan 31, 2011


We appear to have a 'rolling top' with broad based weakening analytics and cascading warning signals. This behavior is often seen near major tops. The Friday 01-28-11 sell-off is the initiation of a short term correction and consolidation before we put in a final new high as part of this final topping formation and long term right shoulder construction pattern.

The market action since March 2009 is a bear market counter rally that will end with a classic ending diagonal pattern. The Bear Market which started in 2000 will resume in full force by the spring of 2011.

Highlight examples of weakening analytics and warning signals are as follows:

    * Dow Theory non-confirmation between the Dow Industrials and the Trannies
    * Inter-market Divergence with new highs in the Blue Chip DOW Industrials with lower closes in the S&P 500, Nasdaq, Russell 2000 and Trannies
    * Extreme Bullish Sentiment indicators
    * VIX Sell Signal
    * Confirmed Hindenberg Omen from December
    * Weakening Breadth - 10 DMA A/D Line versus NYSE, NDX and Russell 2000 price.
    * Rising Termination Wedge pattern in the Industrials and S&P 500 since the July 2010 lows.

CURRENT MACRO EXPECTATIONS

OUR CURRENT MACRO EXPECTATIONS FOR FINANCIAL EQUITY MARKETS
The following schematic best represents the US S&P 500 Stock Index



Risk

SIMPLE GANN ANALYSIS



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ELLIOTT WAVE COUNT


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CHANNELS ANALYSIS


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S&P 500 TARGETS

Near Term Support

We see the near term support to be approximately 1230 on the S&P 500. There is a possibility the sell off may gain momentum and find support at the lower end of the band (see bottom chart) at 1169 but we are skeptical of this because it is unsupported by Gann Analysis.

Intermediate Term Top

Our target for an Intermediate top is 1341 on the S&P 500.

Time Frame

We presently see this Bear Market counter rally which started in March 2009 ending 2011.45.

This approximates June 13th, 2011


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http://www.safehaven.com/article/19841/ ... dead-ahead
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Author: Gordon Long

Gordon T Long
Tipping Points

Mr. Long is a former senior group executive with two Fortune 500 international corporations, a principal in a high tech public start-up and founder of a private venture capital fund. He is presently involved in private equity placements internationally along with proprietary trading involving the development & application of Chaos Theory and Mandelbrot Generator algorithms.

Gordon T Long is not a registered advisor and does not give investment advice. His comments are an expression of opinion only and should not be construed in any manner whatsoever as recommendations to buy or sell a stock, option, future, bond, commodity or any other financial instrument at any time. While he believes his statements to be true, they always depend on the reliability of his own credible sources. Of course, he recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction, before making any investment decisions, and barring that, we encourage you confirm the facts on your own before making important investment commitments.

After the Revolution of 1905, the Czar had prudently prepared for further outbreaks by transferring some $400 million in cash to the New York banks, Chase, National City, Guaranty Trust, J.P.Morgan Co., and Hanover Trust. In 1914, these same banks bought the controlling number of shares in the newly organized Federal Reserve Bank of New York, paying for the stock with the Czar\'s sequestered funds. In November 1917,  Red Guards drove a truck to the Imperial Bank and removed the Romanoff gold and jewels. The gold was later shipped directly to Kuhn, Loeb Co. in New York.-- Curse of Canaan

CrackSmokeRepublican

#1
February 05, 2011, 07:20:57 PM
http://www.cnbc.com/id/15840232?video=1780974568&play=1

David Stockman talks about a Bond selloff in June 2011 at 3:00 ...

QuoteUS (Jewish) Fed Reserve buying 8-9$ Billion Bonds a day...

Jewish Madoff Scam and the Mets are mentioned in the headlines...
After the Revolution of 1905, the Czar had prudently prepared for further outbreaks by transferring some $400 million in cash to the New York banks, Chase, National City, Guaranty Trust, J.P.Morgan Co., and Hanover Trust. In 1914, these same banks bought the controlling number of shares in the newly organized Federal Reserve Bank of New York, paying for the stock with the Czar\'s sequestered funds. In November 1917,  Red Guards drove a truck to the Imperial Bank and removed the Romanoff gold and jewels. The gold was later shipped directly to Kuhn, Loeb Co. in New York.-- Curse of Canaan

mchawe

#2
February 07, 2011, 01:01:36 AM
Pity Gordon Long doesn't give some credit to Martin Armstrong (2011.45) currently rotting in jail due to machinations of Jew York judges and Goldman Sachs who stole his computer software !

http://www.martinarmstrong.org/files/Ar ... 5-2011.pdf
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