Three Peaks and Domed House Still Looks Good

I'm not at my computer that has the photo of three peaks and domed house, so I can't stick it in here right now. But if you go back to my post of August 18 and scroll down, you'll see a picture of it. I still believe we are playing out the pattern perfectly. However, where it's playing out perfectly is in the Nasdaq 100, not the market as a whole. Parts of the market, specifically the Dow and the small caps, did go to lower lows last week, which is not what the pattern would suggest.

I believe we are on our way up from point 12 to point 13 in the pattern. Point 13 will be approximately equaling the high we had a couple weeks ago. Then it will be down to point 14, which will be approximately equaling the low we just had late last week. I would not be surprised, in fact I expect it, that parts of the market will again go to still lower lows at point 14, while the Nasdaq 100 will just go down to approximately the recent low. You can see the psychology. As the Dow goes to lower and lower lows, it's freaking out a lot of people into thinking this is it. One more time down ought to do it, to where things are so negative that we have plenty of gas to push up from point 14 to point 15, which will be a higher high than we had last April.

KJ has been all in on the negative side since the day after the low of last week. The Nasdaq 100 isn't far from that high it should reach at point 13, where KJ will I'm sure give in and get out of his negative position, and then we'll have a solid move down to point 14, where he will probably get in on the negative side again and stay there a long time.

Note the incredibly specific time line on that picture of the pattern from point 14 to the final high -- 7 months and 10 days. I believe that will happen. So we have about eight months for you to save every penny you can and prepare for the crash to follow.

Please be advised I could be wrong. I sure hope I'm right though. It will be a pleasure listening to all the hate radio people, Rush, Beck, Hannity, Levin, as they try and make Obama look bad as the market climbs up and up. They've all been pushing gold because they have advertisers selling gold on their shows. If the market climbs like the pattern suggests, gold is going to really get killed, and they will all look very stupid, which they are.

It would appear that whoever gets elected in the next election will be stuck holding the bag.

I'll try to keep up on this blog, but I'm going to do as I suggested and work as hard as I can this coming eight months to save every penny I can. So I may not have time for many posts. If something happens to make me think the pattern is broken, I'll let you know.

Rob

Blogger Break

I think I'm going to take a blogger break. Just too busy these days, which is good. I still think we'll be going up for a while. Unfortunately, I still think the crash is coming, although hopefully not for a while, like maybe after the 2012 election. If we start going down to new lows in the near future, I may return to blogging. If that happens, I would be looking for the Nasdaq 100 to go negative before we reach some sort of bottom.

Rob