I commence with my gratitude to The Creator.
When Will The Dramatic Drop in The Stock Market Begin?
Since the posting of this forecast, I have received hundred+ emails, of all kinds, good or bad ones.
Most of them asking for more clarification, as my previous post was ambiguous to some. It was correctly pointed out to me that I need to elaborate on the previous post.
I am asked, " Do I see an immediate drop in the stock market.?" Then how long the drop shall last, as I was not very clear?
Let me say something, before I answer the questions. Whenever, I write my posts or alert, I am always in the "state", where I visually see markets reacting in certain fashion, then within the same state, I try to write, what I am looking at. I am trying to look at some event into the future and I am trying to make a note of it. That is the reason, one may find that, some of my posts are not best examples of English writings . Nevertheless, ,my goal, at said juncture, is to caption as soon as I possible, while I am still in y vision.
Of course, I am using my forecasting tools at the same time, while dropping into the said state.
Now coming back to the questions. I was looking at the weekly chart, when I saw and wrote about the drop of the stock markets. Therefore number 34 (or 36) and 45 meant weekly bars, i.e., the drop shall, at least, last for that many weeks. I see another number of 56.60 weeks. Thus, whenever the stock market starts to decline, I shall start counting the weeks and look for the price target of $580.
When to expect the end of the stock market current rally?. As I said in my previous post, certain price cycle targets have not been met, although, time cycles are over-due for the decline. Mathematical and geometrical patterns called for the price targets of 1,662-1,668, which has not achieved. therefore markets may continue to edge higher, though on the borrowed time.