Alternative Reality

[gdl]

TODAY just determined for me the sequence of immediate events to unfold. Obviously i could be wrong.

here goes: GDP minus 1.4 last quarter as Prices YoY up 8%. Deep recession is on it's way.

Market implication: Because we stalled at 4170 MY original fast drop is delayed and the next fast drop will be even steeper to perhaps 3700 on SPX. This current rally should last between one day and three but not reach my original 4750 area. that target will be assumed if/once we get the capitulation at 3700 area.