A PART OF NY A Macro View on the minutiae

This chart may look silly on Tuesday morning however I like its elegance as a pseudo fractal pattern replay.  If there is a Primary 3 about to hit us the intermediate 1 should look something like this.

Also a closer view on the recent history of the same chart…

Quick update at 8.30am Monday – I am adding a daily chart to this:

Summary

Friday was interesting because it wasn’t up. Friday was both a pre-holiday trading session and the day after there had been a neckline break of an Inverse H&S. Both of these factors are generally bullish. On a low volume pre-holiday session the black boxes normally switch into pyramid-scheme mode, where they just buy and sell to each other at slightly higher prices. That neckline break was also a pretty obvious pattern and should have brought lots of dip-buyers in. It didn’t which, for the Bulls, should be both perplexing and of concern.

My Primary Count is that we have traced out a series of 1-2′s and are now about to enter a cascade of wave 3′s Downwards. This should be bloody, vicious, relentless and leave no prisoners. With all that said when the action starts next week then it should also be pretty obvious if it is wrong. Any break above Fridays highs, likely due to Central Bank shenanigans, and something else is afoot.

Time for a chart dump of the Synth, Bull and Bear counts as I have not done a post with them all in for a while. As several of you are aware I prepare a number of counts. I ad-hoc post the top Bull and Bear Counts and regularly post my synth count – which is a kind of an amalgamation of all the various patterns I see.

The Synth Counts

Synth 30 Min

Synth Hourly

Synth Daily

The Bull Wave Counts

Bull Hourly

Bull Daily

The Bear Counts

Bear Hourly

Bear Daily

The Bigger Picture

A Bullish View

A Bearish View

Bonus Charts

An Alternative Count

A Count with MA’s

When I said yesterday that it was going to get scary, I didn’t realize that it would be for the bears.  It looks like we completed a ‘B’ wave yesterday and are now in a ‘C’ wave up.  This either completed at the close, or will do so sometime tomorrow.  Count update below.

[Update at 18:39 - I am also adding my bear Hourly Count.  I am currently not sure which of these I prefer so would give each equal probability.  I am also adding a futures chart with some stuff I am watching]

30 Minute Synth Count

Hourly Bear Count

Futures Chart

If this count is right then we are about to enter the scariest part of this decline.  Count below

30 Min

Hourly

Daily

See below – should be self evident on where we are going next…

Based on the nested 1-2′s option I am adding a 15 minute count chart and a 2 minute chart.  Should we actually be in a wave 4 (as per bear count) then the 2 minute count is still valid as I have labelled the waves of a larger degree as a ?.  Again any significant push through 1095 would make these counts invalid.

2 Minute Synth/Bear Count

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15 minute Synth Count

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Hourly Synth Count

http://www.apartofny.com

Hourly Bear Count

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I have 2 counts that are both pretty valid and I can’t figure out which one is the better.  I will therefore share both with you.   The Synth Count is a series of nested 1-2′s and implies a Black Monday.  The bear count is that we are in a wave 4 of [iii] which would imply some boring sideways action followed by another major leg down.  If, for any reason, we move above 1095 on the SPX then they are both wrong and something else is afoot.  Both Counts are shown in the charts below.

Synth Count – Hourly

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Bear Count Hourly

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And, as TheAlchemist says,  It Could be just another manic Monday so I have added the Bull daily count.

http://www.apartofny.com