I commence with my gratitude to The Creator.
When Will The Dramatic Drop in The Stock Market Begin?
That is the question, or something similar, I receive emails sent over to me, some with anguish why markets are not dropping like waterfall (it seems, some people got in with short with both feet, without getting the technical confirmation.).
Well, That is the reason is this post.
Let me just say this, price has fallen behind from the time cycle or in other words, the price cycles are delaying the time cycle trigger. According to my calculation, S&P-500 should have reached $1,662-1,668 level by today (May 3/6, 2013), if the market were to continue keep going higher beyond April 15th turn date, and til today. My price/time cycle squaring model called for a price level of $1,660-1,662 by April 15th. Which we did not receive. Market did stalled around/on said date (which was my time cycle turn date) and market chart made a inverted hammer (on weekly time frame).
Let me add that big time cycle was triggered on April 15th and May 3-6th date is (medium/small weight) time cycle. Today is the date (May 3-6) , when stock markets are making big headlines.
Are These Headlines are the the Last Happy News Headlines or One of the Last Ones?
Time Will Tell, however, more delay in the market's drop is created by manipulation, more fierce shall be the drop, and then the target for the bear market shall keep on increasing by "TWO S&P points per month. My price target for S&P will blow the bulls' minds away.