Daneric's Elliott Waves

Again, I’ll say there are enough waves in place to consider the count over.

Ezekial 45:12 is linked to Daniel 5:25 numerically giving strength to the idea that the number 2520 – God’s prophetic supernumber – is how we solve for Armageddon Day. I always wanted to numerically link that the only two mentions of “maneh” (in Ezekial) and “mene” (in Daniel) – were linked. Also otherwise known as “mina”, an ancient unit of weight. Mina (unit) – Wikipedia

“Writings from Ugarit give the value of a mina as equivalent to fifty shekels.^[9] The prophet Ezekiel refers to a mina (maneh in the King James Version) also as 60 shekels“

The premise is that the “Handwriting on the Wall” of Daniel 5 is a dual prophecy. The immediate prophecy was fulfilled that night. The dual fulfillment points to Armageddon Day, 21 Sep 2028 based on the numeric value of 2520 of Daniel 5:25.

See my links to the left to understand more.

Age of earth 6300 / 2520 = 2.5
at 2028

2520 / 1 = 2520
2520 / 2 = 1260
2520 / 3 = 840
2520 / 4 = 630
2520 / 5 = 504
2520 / 6 = 420
2520 / 7 = 360
2520 / 8 = 315
2520 / 9 = 280
2520 / 10 = 252
2520 / 12 = 210
2520 / 14 = 180
2520 / 15 = 168
2520 / 18 = 140
2520 / 20 = 126
2520 / 21 = 120
2520 / 24 = 105
2520 / 28 = 90
2520 / 30 = 84
2520 / 35 = 72
2520 / 36 = 70
2520 / 40 = 63
2520 / 42 = 60
2520 / 45 = 56

THE COUNTS:

A 5-wave impulse down from the peak, a 3-wave gap-covering move up, and then another 5-wave smaller impulse move lower the rest of the day. It was across the board on all indexes of importance so that is something. I’m too lazy to label it.

Probably the market will crash soon. Can’t wait!

END OF THE WORLD – REVELATION – UPDATE

I have been predicting global war before the year 2022 is out. So far it appears on track. China has been very aggressive over the last many weeks and even the last year. This level of aggressiveness only brings hubris to the Chinese rulers. Eventually all the war talk will manifest itself into real warfare. And once the first shot is fired in earnest, there is no turning back to the old-world way of doing things.

Is it any wonder the U.S., after having sold out to China for the past 30+ years in sending all our manufacturing over to China and also Taiwan, that the U.S. has just passed the Chips and Science Act of 2022? Do you think the powers to be that run the world don’t know that a war between the U.S. and China is on the cusp of breakout? Of course, they do.

On the other side of the world, Zelenskyy – our real-world Antichrist (or at the least, the Antichrist prototype foreshadow) is gaining political and military power worldwide. Almost all world leaders have gone and pledged fealty to him. Biden (possessed by high level demons) and the Pope (also possessed) have yet to go and pledge “fealty” to the “Jew” of the Ukraine. But when they do, you know it will be “game on” for Revelation playing out in earnest.

At any rate, my timeline for Daniel’s 70th week is still on target. I have suggested recently that August would be the “last hurrah” of the old-world system before the takedown in earnest. And it seems to be so tracing out an Intermediate wave (2) that will peak when it is damn well ready. The only “rule” is that the Wilshire 5000 will not see new All-time highs.

My timeline suggests something will happen on or about after the first week of September. And it could be that the Chinese are just waiting for the calmest time of the year to conduct amphibious operations across the Taiwan strait which is September through November. This is another strong reason why I think they will attack before the year is out – they will lose the weather initiative for another whole year. And Xi wants greatness – I am sure Satan is putting that in his heart to attack.

So, enjoy the relative “peace” (unless of course you are in Ukraine) while it lasts.

Again, there exists enough squiggles in place to consider the count over. If this is the case, the preferred count is below. VIX is diverging a bit.

Next best squiggle I suppose.

Yesterday’s CPCE data. This is one I am watching closely as there seems to be an observable pattern in place. The 10-day moving average (green) should move down to the green trendline as well as the peak daily moving average (purple) should make a max low near the purple trendline. Keep an eye on this.

VIX in slight divergence, CPCE moving to an aggressive position, and JUNK is in slight divergence no new high today.

Wilshire overall volume does not reflect a move to a new high. It is subdued. I don’t have today’s data yet though. The 61.8% Fib – well within “normal” for a wave (2) retrace – is also horizontal resistance. Being that the market is now overbought for the first time since the November peak, it should stiffen up.

I’m still counting on the NYSE to NOT regain the Minor 4 of (1) price peak pivot. We shall see, I guess. This is the point where intense selling began the last time prices were this high. I suspect that previous sentiment still exists at these levels. People have been handed a “gift” of getting out at very good prices.

The dog days of August continue with the market oblivious to anything outside of its own momentum. Which is how waves work to begin with.

The squiggle count was slightly reconfigured to account better for the latest wave moves. It allows for wave [v] of C of (2) to advance as high as it needs and is not price constrained by making the third wave the “shortest”. This is on a smaller scale the count had at since the 2020 low… which is why the Wilshire is counted the way it is overall since March 2020.

The SPX closed the gap where prices “broke” away 3 times previously in late April/early May. We have a slight negative divergence with the VIX occurring today. Higher prices, but not lower VIX.

Coming up on the 200 DMA.

The weekly is very interesting. Let’s see if these trendlines mean anything.

Things are getting exciting. VIX sub-20. Overall market overbought.

More “three” wave structures.

Or:

An example of bull market arrogance. Everyone wants to know if the bear market is “over” or if there is another “technical” price dip to test some magical support line. Or whatever. The entire thing is predicated on “the market always goes up”.

There is a complete disconnect with reality. The ironic part is that Elliott Wave theory has always taught that stock prices move not on any external event, but rather on social mood waves of either expanding good mood or contracting bad mood. Today’s market has again discounted valid EW theory and have embraced “market flow” theory. Or FOMO (fear of missing out).

How about fear of being trapped? Hardly. But that is where the market is eventually heading.

So, have stocks “bottomed”? That is not the relevant question. The relevant question is: Is the world ending as we know it?

Yes, it is, and stock prices will eventually reflect that reality.

Why stop there? Why not a couple of more huge gap up openings? The squiggle count surely supports the notion.

Not yet at the 50% retrace spot.

Zero hedge declared the NASDAQ Composite is now in a bull market being above 20% from the low. The dichotomy is amusing as it is still a bit more than 20% from the highs. Both a bull and bear market all at the same time.

Yesterday’s CPCE data. 1.75 calls for every 1 put. This is of course deemed “normal”, but is it? Is it not a reflection of an extremely overleveraged market?

At the very least, to claim that people are still “too bearish” does not reflect in the actual data of what they do. Which is bullishness all the time, every time. Despite a 35% pullback in the Composite, there never was any real panic to speak of.

Primary count is that Minute [iv] is finally finishing up for good. Any price break of Minute [i] peak would be very bearish and indicate this wave structure as labeled is finished.

NYSE still struggling to get above things and make a move. This was predicted because of the previous negative Zweig Breadth thrust event as outlined by the red arrow down. I am very fascinated if this extremely bearish event will hold true in the long run. 8 days so far struggling with the 38.2% Fib retrace line.

NYSE poke above and beaten down. I still have respect in the negative Zweig breadth thrust event that had previously occurred at these levels. It can be postulated that this negative rush out of stocks at these prices (see red arrow down) is still in effect sentiment-wise.

Today was a thrust out of our proposed triangle giving us enough waves in place to consider the count complete. However, if not presenting the squiggle count:

Everything has been choppy a-b-c “threes” even in the positive direction. It has an ending diagonal triangle “feel” about things.

Yet for a wave (2), the overall market has yet to rally to its 50% Fib retrace. Sentiment is starting to get perky bullish a bit again. More advances will strengthen this sentiment.

Best count has the market either finishing Minute [iv] already or about to early next week in some kind of running (b) wave contracting triangle. There are enough waves in place to consider the count complete.

Could be as simple as a rally to the lines near the 50 weekly moving average. 15 – 22 Aug time frame.

It is always preferable to see a visible Intermediate (2) on the monthly. Gives confidence to the overall count.

Junk curiously couldn’t close its gap down today.

9-month trendline on the VIX broke under today and even closed under. “All is well.”