Will the DOW hit 21,600?
For a couple of years I said it may hit 19,235 but never really thought it would, however Fibonacci levels said it would using the basic points of support and resistance.
I also drew out rising trend lines when the DOW reached Rhythm 7 and thought no way…. I have been wrong many times, am I wrong this time?
Using the power of 3, I notice various commentators use this and therefore cannot credit the first person to discover it. Applying power of 3 to the DOW we see below in the first chart the DOW has exceeded the power of 3.
We can see that this is wrong as the market has already exceeded the power of 3. However if we increase the size to take into account the Rhythms of 1,2,3,4,5 and 6 we have a different outcome. See below. Rhythms 1,2,3,4 not shown
Now the trend line is important it is how I was able in May 2011 call the High in the Mining industry Gold and Silver Markets. The Vertical intersecting line provides a probable date and that date is 25/07/2017.
We are in Rhythm 9 and within that Rhythm we are in Rhythm 7(s) (may be more than one). Number 9 is the top of the Humanistic Behavioural Model of 12 rhythms. The Gumm Rhythm. It is commonly known as Triangulation. But not known as that in Financial Markets until I discovered it. Elliot Wave is incorrect by 29%! Once the market gets to the top of 9 it will complete three rhythms down, of which will consist of 9 Rhythms. Hence a overlapping interlocking mathematical system that blinds our whole universe together – not just the markets. Triangulation!
However I have seen many of these fail. I.e. the 9th Rhythm does not get to the upper edge of the rising trend line. There are many reasons for this. So let look at Gann’s Square of Nine Chart. Something I am still figuring out how to use properly.
Starting at 6469 the Low of the Dow on the 6th March 2009 and using increments of 39, i.e. each square has a value of 39 points.
Now that is hard to see so we will zoom in a couple of times
Zoom1 – click on a chart to zoom in as well.
The Date at the top is the 26th July and the square is 21600
The Dates down the bottom here are 6 March 2009 and 23rd of January.
So we could be looking for a top at any time, but probably between 23rd of January 2017 and 26th July 2017. And possibly at 21600 points using Fibonacci tool and the Power of three overlapping at the retrace-ment areas.
But if a very unstable world then it may fall short of the target and or dates.
We shall see!
2 Reasons the “Talking Heads” have not considered will kill the markets for good!
The First one is Project Blue Beam go here to my Revamp Your Mind Christian Site to see why and two:
The result of that will mean there will be massive amount of home loans unpayable and on top of that the Insurance Claims will be very large for Death and Suicidal!
That’s it fear of what is coming and 2 the result and damage as the insurance people call it. Its not the 2000 foot in land level its the result and damage of the same will cause Banks to be Bankrupted immediately! Come October and banks will not be getting paid, guess what they won’t let you take your money out!
Bang down goes the markets, hey make a billion it don’t matter they wont’ have the money to pay you!
That also means they will not have any money to buy your gold & Silver either!
Who you gonna Call? Ghostbusters! No go to this page instead if you want the truth to set you free http://revampyourmind.com/salvation-massage/
The Ghosts of Derivatives and Bonds have taken your Money just you watch and see very soon
Barry Gumm Bonds BSESN BVSP CAC Commodities COMPX DAXX DJI Elliot Forex FTSE Futures Gann GOLD HOLY GRAIL of TRADING HSI indexes JKSE KS11 Market Markets MERV mini’s MXX NCM NDY NI NO:1 NZ250 Options Securities SP500 SPI SPY SSEC STII StockMarkets Stocks Top Top Secret TSX VIX XAO XJO
Uncommon Wisdom = 5 Stars
Its not very often I receive great comments. I am not a writer. I just discovered the NO:1 Secret to the Financial Markets. This comment “Uncommon Wisdom” is worthy of mention, it is exceptional!
Thank you Varun very much appreciated.
To purchase a copy of this book click here or on the cover below.
Thank you once again Varun, for an exceptional comment. much appreciated.
One of the people who have brought my Ebook, have worked out what GOLD is going down to.
He was correct on his calculations, he worked it out to be the same price I did a few months ago. I may state the price here at a later date. I will not tell you the price or how it is calculated because that would be unfair to those who are buying the book.
If you would like to know what GOLD is going to then you can simply work it out by buying my book. I would like to even put a range on here but then why do that. Struggling here to find the words and not tell you the price target.
I can tell you though it is much lower than the break even point of $1,100 AUD that the miners must make to make it profitable to mine the Gold in the first place.
Many of the Gold miners will go broke or just stop production, Seems like a very good SHORTING play/trade to me although I thought that when NCM reached $40.00.
Back 2.5 years ago in April 2011 I said to one of my clients the Mining boom is over. He laughed at me, then come back to me at a later date a couple of weeks and said all his mates down the pub/club say I am a nutter for saying the mining boom was over.
Who was right in the end…….. I was precise April 2011 was when the Mining boom was over
Yes GOLD is going much lower, you watch and see……