Thursday, May 14, 2015
Next Major Timing Confluence for a Possible Top in Stocks
So far, my previously-posted price projections have not been hit. I am still waiting on the sidelines for these price targets to be achieved with a rally into one of my timing targets.
My very long-term timing analysis shows a high probability of an important reversal the week of 6/12/15 (+/- a few trading days). This includes a 1713 week cycle and a 2113 week cycle that both converge the second week of June. At this point I'm assuming we will trend up into this timing (zigs and zags notwithstanding), which would be a requirement to mark a top.
Price-wise I have two major targets basis SPX: 2157 and 2200-2210 area. Hitting the 2150 to 2210 area in the above mentioned time window would constitute a mega price and time square in my work.
If this potential setup occurs, I think there is a reasonable chance it could lead to the evasive, long-preempted 20 percentish (or larger) correction in stocks in the second half of 2015. One must keep in mind this would be a bet against sociopaths at central banks who seem hell-bent on keeping this Ponzi Scheme going with liquidity created out of the ether.
Kim Rice 5/14/15
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