Sideways Move From 15 to 20 Has Begun

It appears that we have finally reached point 15 and have begun the move down to point 16, starting a sideways move where we'll go down until we have sufficient fear as we reach point 16, which will result in a strong move up, getting people to jump back on the bandwagon just in time to reach the top at point 17, then down, then up, then down to point 20, leading to the breakthrough move up to point 21 as this time on the move up people go, no, no, I've seen this three times now, it's just going to go back down, then down to point 22, then up to the final high at point 23, which I'm still saying, more than ever, will occur around July 6 or 9.

Who knows what the positive to negative ratio in the Nasdaq will be at point 23. We had a new record positive/negative number on February 22 of an incredible 8.08 times the money on the positive side versus money on the negative side. Please remember the whole point of this blog is that it's this massive jumping on the bandwagon that is going to lead to the crash, not current events like Israel maybe attacking Iran or the price of gas or the spending of Obama. We're just following a pattern of greed that must play out, unfortunately. And remember too that all hell will not break loose until we reach point 27, which will probably be several months after that early July final high, just in time for the election. I wouldn't be surprised at all if all hell starts breaking loose right on election day, no matter who wins.

It appears that point 16 is right in line with the top of the three peaks. That number in the Rydex Nasdaq 100 double fund was a value of about $140. It's now at $154.61. So that would be about a drop of about 9.4% in the Rydex Nasdaq 100 double fund, which would mean a drop of about 4.7% in the regular Nasdaq index. The Nasdaq closed today at 2910. 4.7% of that is about 136 points. So I'm looking for this decline from point 15 to point 16 to take us to approximately 2774 in the Nasdaq, or down another 136 points. That doesn't have to be straight down at all. Tomorrow could be an up day, maybe a large up day. This paragraph is definitely a bit speculative. The above paragraphs I don't think are speculative. I recommend stocking up on food while things are good. I think the biggest problem with the coming crash will be paying for things. I think you'll have people lined up trying to get their money out of the banks, the banks falling like dominos, and credit cards not working, at least for a while. I do believe we will work through all this eventually. See, I'm being positive. Positive Rob.