MARKET SIMPLICITY: by Woody Dorsey:
- The 6/22 High was cogent, as expected. The Intermediate term profile is for further declines into the Fall. Focus on that Interim Profile
- The Bounces from Key Support @ 2045 failed. It is possible that Recoveries could result in temporary Ranges.
- Stocks may Recover into Mid-August before the next leg down. But, as I allowed: “Stocks could turn down again much sooner.” As always, “Maintain a flexible Trading Mind.”
MARKET ENERGY: Stocks began last week by being boring but that did not last. There are an extraordinary number and frequency of Timing Nodes over the next 2 months. This augurs for extreme Market Behavior. Buckle your seatbelts. Stocks may stay within ranges for the next few weeks into Mid-August.
MARKET TIMING: The 6/22 High was significant. There has been a potential trading target (or, Sell Zone): 8/14-21ish. I call this set up a “Kill Zone.” During the transition from a Bullish to Bearish market, “it is best not to become anchored on any particular dates.” (If you forced me to tread these dangerous waters, I would look for an uptrade from 8/5-7 into 8/14, 8/19 or 8/21 to set more aggressive shorts.) While all Timing profiles do have an eventual bearish context, Trends are a process and the best declines occur later on not necessarily right here.
The Golden Halo topping process is playing out-which will be followed by a black hole drop. You need to know when this is going to happen-Now-Tap Here to get exact dates
Here is what played out-almost EXACTLY on the date Woody predicted-2 weeks early!!
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Information is for paid customers and may not be copied or distributed Copyright 2015