Elliott Wave Update ~ 2 Aug 2022

All the videos I have seen today it appears China is preparing to invade Taiwan under the guise of “military” exercises. They are deploying their forces to attack positions and curiously all western intelligence seems to be saying it’s just an intimidation tactic. We gave them a reason to move their forces into attack position without alerting the media as compared to the media blowing the horn on the Ukraine war.

We actually gave them the “excuse” to move into attack positions is it not obvious?

World braces for response? That is admitting that what we did deserves response and thus China has been given a free pass to move their attack forces into position to attack. Pelosi’s trip actually gave them cover to do so!

And if they do not immediately attack, the buildup of forces over the next few weeks will be a curiosity for sure. Will the media report as fervently as on Ukraine?

But Dan, you’re not making sense! Oh? Well, just suppose there was no “provocation” by Babylon USA, and we see a buildup of forces, what would the media be saying? Would we be getting honest reporting?

But now, we have given them a “valid” excuse to build up their attack forces and put them into a position to do just that. We gave them media cover!

The usual commenters (almost all non-Christians) at Zero Hedge “upvoted” the most popular post today saying it was “all bluff” 334 to 80. I’ll take the contrarian play on that! Zero Hedge commenters, although astute in observations of many things in this world, refused to admit that Russia was going to invade Ukraine. They blame everything on the “MIC” (military industrial complex). But they are just as short-sighted as the rest of the world and why? Because very few are actually bible believing Christians that‘s why!

But when one views all this through the lens of bible prophecy it all makes sense. Global war is being fomented by the dark forces of Satan who, in effect, has the Ring of Power and controls them all. He is putting it into the world leaders’ hearts to go to war. To start a global war to tear down the rotting old system so they can build up the New World Order.

Is Xi and Biden in on it? Does it matter? Most readers would probably agree the regime in power of the USA is purposely destroying the country from within for the purposes of Klaus Schwab and the NWO. So why is it so hard to think that Putin and XI are not doing the same to their countries? Subduing their populations and militaries from within. But again, does it matter if Satan is in control anyway?

Regardless, Satan controls them all you can be sure. The world leaders are almost to the last one possessed of high-level demons putting it into their hearts to start wars just as the bible prophesizes will occur in the end times. Matthew 24:

6 And ye shall hear of wars and rumours of wars: see that ye be not troubled: for all these things must come to pass, but the end is not yet.

7 For nation shall rise against nation, and kingdom against kingdom: and there shall be famines, and pestilences, and earthquakes, in divers places.

8 All these are the beginning of sorrows.

I have proposed we have started the beginning of sorrows. Wars and certainly rumors of wars is rampant. Soon to be famine (2023), pestilences, and I wonder when the earthquakes in diverse places will begin.

That is my take. When commenters vote 334 – 80 that it is all “bluff” then I’ll take the other side of that bet this time around.

And any kind of war action will not be bullish. China/Taiwan ARE the world markets as concerning all things manufactured on a global scale. Even a “dust-up” that interrupts the markets in any significant way is a death blow for the financial Ponzi scheme that is just waiting to be popped.

Waking up with “down limit” is a predicted event to happen of wave 3 of (3) down. So even if the market hangs around for some more “cheap gains”, the forces of evil have been unleashed on this world. Xi will not back down.

THE COUNTS

The (1) – (2), 1 – 2, [i] – [ii] count is still actually valid on the Wilshire 5000 as long as “2” is not breached in price.

The DJIA is sufficiently labeled as (2). And we are back at the very spot where the previous “breakaway” gap occurred. Will it happen again?

10 Year yield, wave (4) peak?

Best count for the COMP for now:

We have a very plausible count on the Wilshire labeled as a double zigzag.

Again, I am giving a lot of respect for the “negative” Zweig Breadth Thrust” which is still in effect. The NYSE hasn’t made another new high over the last 2 sessions. Diverging.

If the overall market hangs out for another week or so, this is the best count. Wave C would be either 1.5 or 1.618 times the length of wave A.

VIX uptrend line. It means something, at least until it doesn’t.