An Update On The August 10-12 Call from Larry
Posted by commoditywatch on July 28th, 2010
Larry Pesavento , pattern recognition expert , returns to discuss his call for big falls into the August 10-12 timeframe
Larry still sees trouble ahead for the stock market, but for his August 10-12 call to be right, we should see a turn by July 31st.
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July 28th, 2010 at 3:47 am
Here’s FIVE stocks that are breaking out now or have currently broken out: JNN.V, MGA.TO, XE.V, QRM.V, and DNN. Does this look like a bearish indicator for the markets to have these resource stocks both preceding and now spearheading what has clearly been a powerful rally? Most, if not all, are likely headed much higher. Ten grand in each could yield a fortune regardless of Larry Pesterdominic’s stupid scaremongering with 17 planets or Fibonacci retracement nonsense.
Do resource stock breakouts and a powerful across-the-board market rally indicate concern about some vague impending catastrophe? This fool and Arch Crawford are lunatic fringe clowns. After all, “luna” translated means the moon to which Larry often refers, while a tick is a blood sucking parasite. That’s quite fitting.
July 28th, 2010 at 4:10 am
D Bizzle, you are an idiot
July 28th, 2010 at 9:35 am
Either 17 planet Larry will be wrong, and look very foolish, or he’ll be right and D Bizzle will be looking to the stars counting his losses.
This should be interesting…watch this space.
July 28th, 2010 at 12:22 pm
he’s been wrong a lot - why should we believe him now?
July 28th, 2010 at 12:40 pm
Hey give the guy a chance we still have another week to go, but can’t see what the major event is going to be (north Korea related may be?). The markets are up on good earnings and look fairly valued to me even though the macro situation stinks. Feel sorry for anyone short on this market, they must have lost a packet based on all the negative tea leaves readings of Larry P & Arch Crawford.
July 28th, 2010 at 12:45 pm
I wouldn’t mess with Larry this time, he will prevail. He’s still making lots of money making predicitons. This market is going up on air, there’s nothing there. The 17 Planets are just waiting for a few more suckers to jump in before the August 10-12 timeframe, so the Bears can deflate that hot air balloon! Speckle
July 28th, 2010 at 6:09 pm
Speckle the market is going up because of great earnings and future guidance. Larry has been calling for a market fall every day from June, guess he will be right ultimately but his bearish calls in the last few weeks have lost people a lot of money and I think Dominic should give this guy one last chance to prove himself before. All market fundamentals say we’re about to go higher still. I agree that we can have a pull back but could this then be a buying opportunity? State of California finances about to blow up may be a trigger to dampen bulls from August onwards - either way we’re on for a big move very soon.
July 28th, 2010 at 8:00 pm
It is interesting that Larry and Arch Crawford are saying similar things about late July thru August.
July 28th, 2010 at 10:06 pm
I can’t believe someone is so fool as to believe the planets have anything to do with the stock market, what a moron! One can make all sorts of predictions, but based one the planets, please!! Friday we see GDP, this may or may not be good for the markets, perhaps Larry is counting on it. I don’t know why he can’t just say, I am looking at GDP or at some other economic number instead of blaming the planets for his predictions.
July 29th, 2010 at 2:38 am
There are only 9 planets. What an idiot.
July 29th, 2010 at 3:34 am
Personally, I consider using astrology for investing/trading to be nonsense. I look at the silver-gold ratio (thanks to Bob Hoye) and that already has proved to be a reliable indicator.
July 29th, 2010 at 3:43 am
I DO believe the second half of 2010 will be a bloodbath, a disaster. The (weekly) silver-gold ratio peaked in september 2009 and went on average down ever since. And the silver-gold ratio is a indicator for financial stress in the markets.
Even the XAU, HUI, GDX and GDXJ are showing weakness.
July 29th, 2010 at 6:11 am
The US GDP, PMI & jobs numbers together may be enough to start the fall in equities so Larry may just be right this time on his timing but that’s to do with poor macro rather than any planetary alignments. Market is still up today but I’m expecting a reversal once weekly job numbers are out. Nothing to do with planets mind you!
July 29th, 2010 at 8:01 am
Frankie B, trust me the planets are ready to do a can of woop-ass on all of us shortly. Check out the term “Cardinal Climax. I agree we may head up to 1140 on the S&P but lights out after that. I wouldn’t risk it 2 or 3 percent upside for a large downside.. CNBC continues to put the spin on states close to bankruptcy, nations close to bankruptcy, major unemployment, rising defaults on residential and commericial properties, you name it, they can spin it. So buckle down, coming to a theater near you, a major can of woop-ass of big proportions! Speckle
July 29th, 2010 at 8:22 am
Can_Slimguy says planets have nothing to do with stockmarkets. Really?
He needs to print off say the S&P chart and plot full and new moon dates. He will find the vast majority of major turning or continuation points occure within a window of a couple of days or so either side of moon dates.
Why? The moon creates the tides on our planet and the human body is made up of a significant amount of water therefor it is not unreasonable to expect the moon to have a powerfull influence over us and our collective trading (and other) decisions.
If this one planet has a powerfull influence what will happen as Larry’s number of planets line up?
Perhaps nothing, but there again……..
July 29th, 2010 at 6:29 pm
I’m still not convinced by Larry’s planetary thesis. Check out his predictions here and on tfnn he’s been wrong, dead wrong, far more times than he’s been right and yet Dominic keeps bringing this guy back on Larry’s constant pleading - probably to get noticed more and flog his seminars, books etc. The fight now is between the macro and earnings info. A poor GDP number tomorrow will lead to a massive sell-off - also it’s a Friday and even if the GDP figure exceeds expectations we may still see a sell off later. Forget planetary alignments concentrate on what’s driving the markets.
July 30th, 2010 at 5:54 am
well if today is the cardinal climax then it’s pretty much a non event so far - let’s see what the afternoon brings!!
July 30th, 2010 at 8:21 am
gdp at 2.4% is bad but not a disaster - futures took a tumble but now recovering. Doesn’t feel like a massive sell-off will happen today as Arch Crawford’s been predicting. May be Larry’s 10th Aug date will bring the big waterfall event?!
July 30th, 2010 at 9:34 am
The reason the moon has an effect on the seas is not because they are made of water, it is a Mass effect. As the moon gets close to the earth, we have a gravitational force on the mass of the sea, so it is a gravitational force making tides, like the one that exists between all bodies… nothing to do with the water.
July 31st, 2010 at 2:53 am
Good ‘ole “17 Planet Larry” said in this interview:
“There’s a chance that I could be 100% wrong and we go straight up into August, and I’d be the most shocked person on the planet if that happens because I’ve studied this stuff for years…“
Gee, why am I not shocked, maybe 17 Planet Larry is off somewhere on any one of his other 16 planets which must include Bizarro World. Friday, 7/30, XE.V up an additional 20%, recommended the day after its confirmed breakout. Traders, it looks like ‘ole 17 Planet Larry has used his Astroglide to go 90 degrees conjunct uranus. Maybe he and Arch Crawford (200% short on margin!) are going to have their Cardinal Climaxes together on Fire Island.
July 31st, 2010 at 3:41 pm
I come to find quite a discussion with most punters here indicating Larry P and Arch C are more incorrect ( much more ) than correct.
Arch C has been around late 70’s or early 80’s. Larry P got into Astrology after Dr. Ruth Miller ran many successful corn or wheat predictions back in 1976 or in that time frame.
If these guys were any good or “great” they would have had 10 or 20 or 50 million in the bank from trading after 30 years and been on “Easy and Carefree Island.” But there are not!!! They still need to pitch and that should tell YOU all.
Yes, Astrology does have merit and so does new moon. But most 98% of astrologers are wrong as they are NOT good in their craft, just like 98% of money managers and hedge funds are wrong even with all their gadgets, educated degress etc.
Fundamental analysis, news, economists, state of the economy etc has no BEARING on where the market is going. Its a “Game” controlled by the same “lot.” However, you can make a lot of money if you can read a chart and it can tell YOU the future as I have come to know.
Furthermore, the New Testament has math in there which can help you with your trading. Algebra and geometry are prescient in this but most is the “eye.”
At the end of the day you must fail to succed. Its all in the chart and in the “spiritual” world.
Predictions below:
July 31st, 2010 at 3:51 pm
Predictions:
90% of my predictions have come to pass. My April 16, 2010 top which I predicted in Jan2, 2010 on the financial markets has been spot on. Sugar, OJ, Coffee, CAD, USD etc all proceeding as planned.
USD:
The timing on the USD ( US index) has been off. I was expecting a low in April 16 area of 78/76 or a high of 95 cents and this did not come to pass. I did mention June 9 as a turning date and now we have to wait till 78/76 area to come…maybe by Aug 10 or Sept. Nonetheless, 95 is the target by Jan 14, 2011. From here the US index will drop to 41 into 2012 ( May -July 2012).
ES: The S&P 500 emini futures will get to 1307 max by Jan 17, 2011. It will then drop to 940 area by June-Oct 2011 and test this in 2012. From here the ES will get to a max of 3,600 by early 2016 or before. It will then drop drastically. How low??? Well I can tell all.
Gold: Should make a high by Oct 14/24 or before at 1320 area and then drop to 750-640 area into 2011. It will travel sideways with an upward trajection and slowly climb. The big move will come in 2013 into 2014 with a test in 2016 and gold will get to a minimum of $2,400 to a max of price below $5,000. It will then drop sharply in 2016 and into 2019.
More predictions:
July 31st, 2010 at 4:13 pm
cont’d
Silver: The price will get to 21.50 and then down to a low of $10-8. From here silver will get to $120-180 by 2016. Sharp drop after into 2019.
DX/USD: After the 41 is reach it will move in a low range till 2014 and test this 41-50 area 2 more times for a total of 3 times including the intital. After this in 2014 final 3 test it will move to 123/164 and finally to 205 and all time high by 2019.
” So it is written so shall it be done.” ” Trust in the RebEL Jesus and all will become clear.” ” Your friend on TV, media, hollywood, wall street, Fed Reserve, IMF, World BAnk, Banksters, radio, congress, wars, Republicans, Democrats etc. is REALLY YOUR ENEMY and YOUR ENEMY ( poor, good minimum wage, morals, virute, charity, no wars, peace, less work more family and fun time, good pensions, etc really your Friend.”
So find out who are controlling all YOUR FRIENDly industries, their names and religion and it should tell you why YOU along with all the other Christian folk (lLatino, white and black) are poor.
Example: Louis Farrakhan….enemy. David Duke….enemy. Fed Reserve…friend. Wall Street friend. Hollywood….friend. TV…friend. Porn ( who controls this…2 people)…friend.
Christians…..enemy. Muslim….enemy. Khazars…supposed ‘Jews’…..friend.
Christians armies fighting wars with Muslims….dying for nothing. “Think” it aint illegal yet.
Rebel Jesus continues.
Coffee: Will reach 275-375 and possibly over $4.00 by latest July 2011.
Yen/BP/Euro/CAD/AUD/SF: will make all time highs in 2012…3 test highs with downward slope into 2014..then down. CAD to 1.29-1.59 and BP to 2.20 minimum.
“Trust in the RebeL Jesus” for he is great. Remember the Pharisees killed him….”Christ killers” will be slaughtered and they know it but on earth they do “devils’ work as their father told them to-Japheth..the devil.
Lastly…”Gods” children would never be for wars, control of the world through banking, gov’t, globalization. Jesus died on the cross so they would not WIN. The devil and Jesus came from god, but the devil became the devil because he diverted….money, porn, control, wars, destroy, plunder, ruin.
The goal of this “Lot” is to make all Christian countries poor (destroy the white race through inter marrying, wars etc.), then bring China and India to zero via a war and when all is lost come up with a plan….one world currency and Jerusalem the capital. This is not a good thing.
Have no fear….when the Rebel does come…no one will believe it…but he will come and destroy all, for the 99% of church goers are not following Jesus. Usury..a sin. Greed a sin. Who loves money…not a Christian….but who worships money…not a Christian….Make money and do good…that’s a Christian. Wall Street are not Christian??? Make money and come of the Billionaire list….control, control, control.
2032 and latest 2062 the bull mkt ends. Its all in the chart.
Bless you my saviour…RebeL “Jesus.”
July 31st, 2010 at 4:41 pm
Socrates you’re getting too deep into religion my friend… chill out. I think we can all make predictions like yours, may be it’s best you keep these to yourself. By the way 95 on the dollar index by Jan 2011 no ways correlates to an s&p 500 high of over 1300.
July 31st, 2010 at 6:14 pm
Hang on D Bizzle, it’s too early to take a pop at 17 Planet Larry just yet, he still has time on his side.
However, the bulls best set their stops just in case cause things could be reaching a head with or without the planets help.
Prices are nearing a break out point from a bearish rising wedge formation on the 60 min S&P chart started from beginning of July and the 200 day MA is now starting to roll over with prices still below.
There’s still time to maybe see the S&P reach the 1130 resistance mark before Larry’s prediction date. Between now and then though anything can happen, and probably will.
July 31st, 2010 at 7:09 pm
Hey Bronco Bill, Dominic said in the header, “Larry still sees trouble ahead for the stock market, but for his August 10-12 call to be right, we should see a turn by July 31st.” It’s confirmed that 17 Planet Larry laid another stinker. Surprise, surprise.
He’s probably out on the 18th planet by now visiting Flash Gordon or Dr. Frankenfurter.
August 3rd, 2010 at 11:44 am
Which day is the cardinal climax due to occur? I thought it was 1st August but now seen it as 6th August. So far all the stock markets have done is go up. May be a perfect set up for a big fall later this week??
August 4th, 2010 at 4:43 pm
Im skeptical about using astrology to trade with outright, however Larry is not doing that, nor pretending too from what I heard. He is combining it with chart analysis. Even so, without any other analysis and just using the ’stars’, if you see what you believe is a tradeable correlation in planetary alignments, surely it should be considered. After all, the moon’s position in relation to the earth has a direct effect on the ocean and many species of animal. Arguably, us included. So, although Im skeptical about a trading method based on astrology, I can see how the alignment of planets in relation to each other may also have an effect on human behaviour.
August 4th, 2010 at 9:19 pm
Aug 10 is the cardinal climax. D. Bizzle….correlations do not stay the same, the always change and yes the DX will get to 95 and the ES ( S& P emini) will get to 1307- 1325 range. Then it will go down to 939-900 and maybe slightly lower.
Remember my friend, this is a game…controlled by the ‘lot.’ You may not appreciate my religious bantering and that is fine, I’m not racist, but a proud Christian like my saviour ReBel Jesus.
D. Bizzle you should check out what the past Israeli Prime minister Menachem Begin said about other people and religions back in 1982 or prior. It could have been quoted in Newsw**K. Basically Begin stated ” we are all parasites, who will serve them and we ( Begins ( people) are the masters and rulers of the world and will one day bow down to us and we will have the capital in Jerusalem.
Please check it out. But I find this a very racist comment. Of course you would have never heard of this in America or Britain….as who controls the media….what religion?
Read Haaretz newspaper…you will find about the “jews who fought for Hitler.”
I think D.Bizzle you should go check out what I have to say and not believe what you hear, read or are told. “Facts” are not promulgated by “Friends” from the media, tv, newspapers, hollywood etc.
Just like the stock market. For some people to become billionaires they have to have millions upon millions lose money. Why the same people and the same religion? They are no smarter than you but when you ‘RIG’ THE GAME my friend its very easy to make money. Apparetly John Paulson made $ 2 billion shorting the market in 2007 but he and Gold*** s*ch* were in chaoots with each other. I could easily make a billion this way.
I can assure you those billionaires are dummies…they do not know how to trade..but they do know how to cheat, lie, rig the game as they set up the scam as they control Wall Street, the newspapers, hollywood, TV, etc. Check it out.
You may not like what I have to say…but its YOUR FUTURE. Remember most history is a bunch of ‘LIES’ REPEATED over and over again till it becomes or seem like the truth.
Who ran black and Indian ( west indies) Slavery…not white Christian people…..the real runners making the big dinero were…check it out my man.
Astrology is a craft and this chap Markus Rose over at Rosecast has apparently become good. I subscribed to him in 2007 and he was so-so with his intraday times and price points. I think he has got better.
Dominic you should have him on.
Wheat turned around June 6 and my USD and related currency pair turnaround was June 9. Wheat has given me a lot of $$$$$ I’m holding on till $8 and change and then I will by some puts….as it is quasi parabolic. It will falter into 2011 but wheat should make a big move into 2013.
Copper should fall after mid august, but it will make a good high in 2012. Cotton is a good high in 2012.
The punters here do not think you can know the future in trading nor history. YOU can….the Rebel Jesus will tell you after you have failed miserably trading but realize what ‘Life” is all about.
cont’d
August 4th, 2010 at 9:27 pm
trading is an easy art.
Tip: I do not believe anything I read, hear on TV, newspaper etc. Its all a LIE. I do not trade on any fundamentals or technicals. The books out there…check the names and religion of the books put out are just for you to lose some more money and for them to make more.
People lose money in the stock market for 2 reasons. They take advice from the wrong people and they give their money to the people from the WRONG religion.
So the Euro crisis was just a way for the IMF and World Bank…(IMF head is Mr. Kahn…Khan is muslim, Kahn is jewish) do bankrupct a few more Christian countries.
Look no debt is going to be paid off….this is a game where the “lot” want to bankrucpt all nations…..and get China and India to a war. China and India are going to zero, but first India BSE will get to 100,000 in due course…when….ask the ReBel Jesus. Yes he’s coming back to slaughter the “devil.’
Trust in the ReBel Jesus……like the movie 2012…very few will survive.
Yes, its proud to say your are a Christian and stand up….or are you a wimp.
August 5th, 2010 at 2:41 am
It’s now August 5th and as expected absolutely *nothing* has happened of any significance or consequence anywhere. The market is consolidating in bull mode and 17 Planet Larry Pessimisto has vanished into obscurity only temporarily but should resurface soon and predictably with a flippant dismissal of his latest crappy prognostication only to make another “222″ or “butterfly” call that will most likely flop. And if he appears right, it’s probably for the wrong reasons. He must have his broken clock on military time to be right only once a day.
In the meantime, the true gold bug lunatic fringe religiosity freaks come out to spam the message board with the most kooky veiled antisemitic rants that one couldn’t invent and only the real deal can cook up. Classic. Just classic.
Oh, how I look forward to the next podcast. Keep ‘em coming, Dominic! And where’s that old nutcase Arch Crawdad? I was under the impression the world would have ended by now but before it does, let’s have one more spectacular flameout from 17 Planet Larry. Please?
August 5th, 2010 at 11:29 am
when is Larry due to give an update - can’t wait!!
August 5th, 2010 at 4:02 pm
Poor ol’ Larry must be holed up somewhere poking his head out watching the sky with a worried look, clutching at any bits of news such as the floods in Pakistan, unusually large explosions on the suns surface and the Northern lights to be seen from Great Britain.
He’s probably wondering if these unusual happenings are due to his planet alignment prophecy, and if so, why isn’t the stock market going to plan.
But all may not be lost for Larry just yet, he still has a few days left, and yes, yes, I know he got his July 31st bit wrong but the S&P has traced out a perfect “bearish” rising wedge formation since beginning of July on the 60 min chart on lower and lower volume. It is overbought and near to the about 1130 resistance.
It clearly is decision time for the markets over the next few days the question is will 17 Planet Larry be breathing a sigh of relief or will we hear Dominic say….. “So Larry, what went wrong”.
August 6th, 2010 at 12:05 am
Make it clear that to understand a person like Larry and few other people who look into future, requires some understanding and basic knowledge of serious astrology.
It is not a joke and any of you commentators need to decipher his comments properly, you can not take it literally.
Now read the latest August 2010 events forecasting that possibly will help you perceive more of what he and few others are saying: http://astral-guide.blogspot.com
August 6th, 2010 at 6:16 am
I enjoy all these podcasts. How about interviewing John J. Xenakis at Generational Dynamics?
Re. a post above: there are actually only 8 objects considered “planets” now. Pluto is not considered a planet anymore. Planets don’t influence the Earth? Yes, the gravity is microscopic. Maybe there is more that we don’t understand.
Ann. Geophysicae 18, 399-405 (2000); They predicted the current low sun spot cycle many years ahead of time based on solar initial motion (influence of the planets). The universe is more complex than we know.
Sun spots influence weather, crops, and markets. And we really don’t know what causes them.
August 6th, 2010 at 12:19 pm
B. Dizzle no offense but Larry P. is on the cusp of calling this one right! If today is any indication of what’s to come, watch out below. Even President Obama put a few spikes in our (economic) coffin today, informing the public how bad off we really are. I wouldn’t hold nothing over the weekend. I like Socrates numbers on everything he has mentioned except silver. Sorry Socrates, but anything over a $100 is a little too much for me. I am not anti-jewish but your argument does make a lot of sense, by the way I am proud to be a Christian! Go Larry Go!!! Speckle
August 6th, 2010 at 3:22 pm
Well well this corrupt market just doesn’t want to go down - a big turn around today means more shorts being burnt next week. If and it’s a big IF, the Fed does not do a QE2 next Tuesday (let’s face it why waste bullets!)then Larry’s prediction will come right - we’ll probably have a 300 point plus fall in the Dow on the day. This though will have nothing to do with star gazing just hard economic reality. My bet is for a small short on the Dow next Monday - can’t see this rally going much longer.
August 6th, 2010 at 3:29 pm
I agree with Speckle that Larry is on the cusp of calling this one right.
The S&P has (at time of writing) broken thru the lower support line of the bearish rising wedge on the 60 min chart and then poked back up above again. A warning has been posted.
It would be of no surprise to see the market thinking about things on Monday even going up some to lead into Larry’s window of despair on Tuesday thru Thursday.
Will the planets be kind to him?…….the charts say YES!
By the way, is it ok to be a proud Christian and a wimp at the same time…just wondering.
August 6th, 2010 at 8:48 pm
I have been waitin’ since Memorial Day weekend. ???¿¿¿??? I had my crash helmet & goggles on. I should’ve wore a catchers cup instead!!!¡¡ OUCH That hurt ….$ ¢ € £. I wish I went to the soccer game for a month. I would of saved money.
August 7th, 2010 at 1:42 am
Just heard the latest tfnn interview with Larry. “We’ve never had 5 P (?) index dates in one month… going back 500 years.. (he’s talking about August…expect huge volatility… major dates 11/8 and 26/8″. Decoding this as follows: The Fed in my books will NOT do a QE2 next Tues (see my comments above). If so, this will mean markets have a big sell-off Tues & Wed. Thursday’s job report and consumer sentiment on Friday will top a really poor week - we may fall below 1100 on S&P. After next week most of the reporting season will be over together with any “good news” for the markets to grab onto. The macro info will just keep getting worse. Looks like next week Monday and early part of Tuesday will be the last gasp for the bulls before the bears take over if this scenario plays out.
August 7th, 2010 at 6:12 am
Yes Frank B, measuring the move from a downside breakout of the rising wedge pattern on the 60 min chart could see an S&P 1010 target to the level of where it began 1st July. How long would this take? could be a couple of days or months, impossible to know.
This is not to say it will happen, but the odds favour it, and your comments add weight so I’ve put my money where my mouth is.
Oh, and not to forget 17 Planet Larry, if his predictions come to pass this would be the icing on the cake…..well for the bears at least.
August 9th, 2010 at 3:50 pm
A head and shoulders formation is now definitely in for the Dow. Some more bull tomorrow morning before a sell-off post Fed… we shall see.
August 10th, 2010 at 7:50 am
Larry P, it’s time, must start sell off today! Expect gold and stocks big, starting today. Dollar is ready for blastoff, we are within hours of the turn. There are 8 bearish gartleys versus the dollar. Gold will be at 1170 by Thursday. Stocks down hard to the 12th of August. Either the 12th or 26th of August should be big historical event. Magnitude is about 4X, August 16, 2007. That was a major low. If Larry is wrong, I will eat crow with him. Socrates, I checked out the Rosecast website. Pretty Good! Speckle
August 10th, 2010 at 7:52 am
Correction: Expect gold and stocks down big starting today! Speckle
August 10th, 2010 at 10:53 am
If the S&P closes below the 200 day MA @ 1115.5 today it will not be good news for the bulls. O la la Larry.
August 10th, 2010 at 2:04 pm
Great BIG NOTHING today. What does he have to say for himself? Gotcha again, Bears? Oh, we’re supposed to wait a few more days for it to really happen.
August 10th, 2010 at 2:11 pm
well QE2 did happen after all & the market’s spiked yet again as I write. Sell off though is still likely. My hunch is for end of this week. Larry will keep saying big fall to happen - guess he’s bound to be right one day.
August 10th, 2010 at 4:50 pm
The S&P chart shows Larry is still in with a good chance of being right.
There is a real struggle going on between the bulls and bears as recent news is mulled over. Prices are moving in and out of the 60min rising wedge pattern formed since July 1st while toying with the 200day MA. The 1130 resistance has not been taken out.
I’m still confident to stay short, but if the market does power ahead and takes out my stops I have one thing to look forward too…..17 Planet Larry’s update and the kind comments to follow.
August 11th, 2010 at 3:46 pm
My congratulations to Larry for a great call. I told you he was bound to be right some time. Markets sold off hard today - though no crash yet. The right shoulder is now in for the markets and we should have a decent few days of sell-off with poor macro info Thurs & Fri. I think any rallies will now be sold - we shall see! Dow at 9000 by October…may be fat fingers II will get us there this month!!
August 11th, 2010 at 4:36 pm
Now I don’t know whether it was due to Larry’s planets malign influence or not but smack on in the middle of Larry’s prediction dates the markets have taken a fall. What I do know is the charts gave a warning, and the S&P has once again dropped thru the 200 day MA @ 1115.57 and is now resting just above the 50 day MA @ 1087.97. However, good call Larry.
Hopefully when Larry has finished mopping his brow he can step out and give us another update.
August 12th, 2010 at 5:28 am
You guys may be interested in a related podcast. Michael Hampton, a regular on FBB talks with two experts, Dave Skarica and Erik Townsend, about the state of the markets. He goes into some areas that may appeal to those with an interest in Astro-Cycles. He talks about the recent Cardinal Climax, and technical and fundamental factors that may drive the markets lower in August, which is often a quiet month : http://globaledge.podbean.com/2010/08/09/summer-doldrums-or-the-eve-of-disaster/
August 12th, 2010 at 11:10 am
It’s August 12 and it’s safe to say this Arch eats Crowford/17 Planet Larry nonsense is probably one of the biggest laughable duds ever and just below the scale of Y2K a decade ago. There has been no big event, or for that matter not even a little one to make this kooky astrological stuff even ponderable. Markets have pulled back to the 200 MA which is hardly a shocker.
May I suggest the next interview with a market expert’s interpretation of mouse bones in owl droppings? Ah, the inception of a new market newsletter! Bird poop indicator predicts huge market crash! LMAO!!
http://www.carolina.com/category/teacher+resources/owl+resources/owl+pellets.do
August 12th, 2010 at 4:18 pm
Sorry to disappoint you D Bizzle but at the close today the S&P was 32.04 points below the 200 day MA and the Dow 118.3.
More or less the same pattern was developing around the Dow 200 day MA at the end of 2007 and then went on to shed about 7000 points in just over a year. Forget about planets, mouse bones and owl droppings watch this MA.
Is that damp squib all from the planets or are they just warming up for something spectacular……perhaps Larry can tell us.
August 12th, 2010 at 8:05 pm
If not tommorrow, I truly believe the Chinese will bail out our Treasuries by the 26th of August. This could very well be the catalyst that craps the market. TLT should have closed up today not down. Gold is still showing strength. If Friday the 13th won’t take the market down then they will hold it up until options expiration so they can take both sides (puts and calls), then lights out. B Dizzle I will eat crow with Larry after the close tommorrow if were not down 200 points by the end of day. How do you cook crow?
August 13th, 2010 at 1:17 am
Despite the fact that overnight futures are up a bit, there is a strong possibility of a flash crash tomorrow (08-13-10). The fractal pattern the last two days is almost identical to the chart patterns on May 4 and May 5 for all stock indices. Crude oil has the ugliest chart pattern and looks to be in utter freefall (along with the euro). Crude oil and basic materials were the leaders on the way up in July and that leadership looks to have been eviscerated. Last Saturday was 666 calendar days from the October 10,2008 financial crisis orthodox low. August 6 was the anniversary of the lunar eclipse following the Saros 136 solar eclipse of economic destruction (check out its 19 year cycle of destruction going back to the South Sea Bubble bursting—-Jan 1721 B wave high—1721 being its first year as total solar eclipse)(Puetz crash signal–lunar eclipse following solar eclipse)—Shanghai topped out on this last year. We all know the Cardinal Climax stuff going on right now but the market topped out on 08-09-10, a date I have been looking at for a while based on its strong numeroligical value (an intermediate bottom was formed on 07-08-09). Tuesday 08-10 was a new moon and also 66 trading days from the May 6 flash crash. (there has been a strong 67 trading day cycle in the markets going back to the March 2009 low ie March low to June 11 high,July 2009 low to Jan 2010 high (67×2)and Jan 2010 high to April 26 high. All markets except the DOW did not exceed their Summer Solstice highs. They have broken below their rising wedges and all key moving averages as well as making an island top reversal. There might be a gap up at the open to fill today’s gap but watch out below afterwards.
August 13th, 2010 at 6:24 am
Good stuff from Mr Panic. One thing that hasn’t been mentioned in comments is Kress Cycles. They are 2, 4, 6, 8, 12, 24, 30, 60 and the real big one 120 years.
We are now in the “hard down phase” between now and October 2014 when all cycles will bottom out together. This hard down phase can be the most dangerous not only for stock markets but can bring about civil unrest, wars, etc and turn everything that we have been used too on its head. World events unfolding right now politically, financially, are all text book symptoms of the hard down phase.
Obviously not every generation gets to witness this once every 120 year event and whether it’s painful or not it’s going to be interesting.
I wonder if Larry’s planets fit into this scheme of things…..perhaps Dominic can ask him.
August 13th, 2010 at 8:51 am
D.Bizzle, You understand NOTHING. The Cardinal Climax has worked brilliantly, but you need to understand how to use it. It trigger a 7-day pause. Dr.Bubb on GlobalEdge calls it a “Grace Windox” or “Grace Box”, and he says the market completed that that “Box” on August 10th, a Bradley Turn day. The next day, the big slide started.
Have we seen this before? Yes, we have. At the Peak of 2010, at the end of April, there waa another Grace Box. It started on a Pesevento day, and finished a few days later, and then the market quickly fell into the flash crash.
History may now be repeating itself, with timing precisely controlled by astro-cycles.
August 13th, 2010 at 10:07 am
Excuse me GER Admin, A SEVEN DAY PAUSE? 17 Planet Larry never said anything about “a seven day pause”, didn’t mention the phrase at all, now you reference a completely different show with a completely different guest and you have the audacity to tell me *I* was wrong? In addition to the market turn having been called wrong, 17 Planet Larry’s gold call of $960 was blown as well as it had its low on July 26 at $1,162.70 and its been moving steadily up from there to $1,214 today.
Now you’re telling me this dud was *my* fault for pointing out the obvious failure of this nonsense and it is *I* who just doesn’t understand the astrocycles? Are you kidding me? Perhaps GER Admin, you can discern for me and everyone else what event was “the event of the decade, perhaps the century… that will be in the news for many, many years” that just happened over August 10-12. That’s what 17 Planet Larry said would indicate that his call was right so I’d like to hear it.
Oh and your “Grace Box”? Wasn’t even mentioned. The real brilliance of these astronuts is that when they bomb they make their ideas so cryptic with mumbo jumbo that they leave themselves such a wide window of time that if anything at all happens that is newsworthy over the next six months, they will take credit for having called it… whatever it is. I’m starting to think that astrokooks like you and 17 Planet Larry are actually living on another planet.
August 13th, 2010 at 10:39 am
Bizzle, Astro-cycles are a useful tool, and there value increases, if you learn to use them alongside other technical tools.
Have you listened to the Podacast at GER yet?: http://tinyurl.com/GER-Doldrums
Maybe that will help to illustrate what I am talking about.
August 13th, 2010 at 7:44 pm
Hindenburg Omen confirmed on Friday the 13th, suitably. Doesn’t take an event of the century to get one of these.
http://blogs.marketwatch.com/etfblog/2010/08/13/freaky-friday/
August 15th, 2010 at 12:34 pm
Larry and I ate Crow the other evening. It taste a little like Chicken. Looking forward to eating more Crow on the 26th of August. Speckle
August 15th, 2010 at 6:34 pm
Crawford sticks with ‘Cardinal Climax’ EXCERPT Crawford was defensive but defiant, writing “IT AIN’T OVER ‘TIL IT’S OVER!” He noted, correctly, that he had allowed for some corrections for very short-term oversoldness. He added: “At NO TIME have we written that the expected Crash would be at ANY particular time along the May-November horizon.” / http://www.marketwatch.com/story/crawford-sticks-with-cardinal-climax-2010-08-12
August 23rd, 2010 at 3:54 pm
August 25 is 18 days (666) from August 7 which was 666 calendar days from the October 10,2008 financial crisis lows. It will be 55 calendar days from the July 1 low. the 55 calendar cycle was a key cycle in 1987 and 1929. August 25 also was the date the market topped in 1987. Today August 23 is 369 calendar days from the 3-6-9 low and we did get a sort of daily reversal which would project selling over the next 3 days. There was a similar two day pattern (to the last 2 days) on May 17,18 with a daily reversal bar following a hanging man/hammer candle but the reversal bar did not complete until after hours. May 17,18 are also the key 67 trading days (cycle) from August 20,23. July 1 was also 333 trading days from the 3-6-9 low. Thus we get 36-39 trading day cycles from that low over the next four days. And here is an even more esoteric cycle. August 25 will be 111 calendar days from the May 6 flash crash lows. 05-06-10 (or 111). It’s also basically 2 (55) calendar days cycles to August 25 although the first 55 days works connected to the secondary May 7 low. There is also plenty of data pinpointing to a final low on Sept 3 but we’ll look at that later.
August 27th, 2010 at 3:34 am
It’s August 27 and nothing happened. Was this a set up?
August 28th, 2010 at 12:29 pm
Well, August is about over and not much has happened. Considering that Larry said this is about the strongest planetary line-up he’s ever seen or has happenedd in 200 years…..I’d say it’s debunked itself about completely.
September 12th, 2010 at 12:09 pm
Still wainting!!!