IF today is another drop and it is controlled odds on we don't get the dramatic finish to this wave structure anytime soon. If we actually hold up and close positive we can see such a dramatic drop starting Friday and ending no later than Wednesday.
The Holiday season implies a good month for the stock market especially when November caused all bears to concede. We do have the PPT and if they can control this next slide we have a longer steady slow drop ahead. If they can't control the drop, or they want it over soon before Christmas, we should have a very tight window for such a crash. It has to occur before next FRIDAY! 3500 on SPX is a given but more likely 3000 will be the lows.
I had hoped we get a good decent rebound today with follow thru on Thursday. We are still hovering at support but the weak attempt to rally so far suggests we might not get that rebound after all. if I was in control of the PPT I would want the dramatic drop to occur BEFORE the 2 biggest holidays. WHY? It would allow for a really dramatic rebound almost equal to the crash. It would put people in a good (greedy) mood. But this is pure speculation on my part and i have no idea if there i a PPT that can orchestrate such an event.
One thought sticks in my mind. If the FED already knows what the November reading on PPI/CPI are they might setting this play up? It can work both ways. if the news is good, slowing inflation, they might just want a controlled slide till the report comes out to allow for a holiday celebration. If the news is bad, accelerating inflation, they might ALREADY be holding back the drop and the result is a constant slide. They might actually want the bulk of the slide to be concentrated in a capitulation style low before the holidays. Keep the pent up demand or capitulation in a coil.
Just my mind wandering and trying to justify the current move that makes sense and more importantly the immediate future.
AI
