Charts SYSTEMS

[gdl]

Stay skeptical if you want but the whole 5 year chart has the same channel and duration before any sizeable correction. March 2009 - April 2010, June 2010 - April 2011, Sept. 2011 - April 2012, Nov 2012 till now.

What am I missing?

In fact we are due soon for another correction. Seasonality is extending this for a little while longer. Absolutely nothing in this recent move that is any different that the ones we had for last 5 years. We are in a 5 year big move, just like the one prior that lasted 5 years, and the one before that. This pattern is consistent. if it follows the last big waves it should fail in another 4 months. I of course expect the unexpected. I wish it follows the prior two 5 year mega moves.

The current support resistance was 1804 on SPX. this could have been the top to this recent rally. It still could but I have my doubts. It is holding above for days now. I expect 1818 to 1820 to be the final move before a correction to perhaps 1775 or a drop lower. I do not expect any worse for now.

Don't get antagonistic towards me if I don't agree with you. Your own assumptions have been underestimating the power of this last move. I admit I have no crystal ball. I say it like I see it, not declaring I have the right formula. Just one mans guess and theory.

NFLX is in a strong upward move. 411 is assumed target to be reached in December. According to the work by Rick Ackerman