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HAVING PLASTIC SURGERY
YOU HATE YOURSELF AND GOD. NO? GOD MADE YOU THE WAY YOU WAS TO CHANGE BECAUSE YOU DON'T LIKE THE WAY YOU LOOK IS SICK! IF FOR A MEDICAL REASON PURPOSE YES. LOOK AT THEM THAT GET PLASTIC SURGERY!
When we look at the weekly level, here too we have exceeded the top of the upward channel which stood at 23486.89 for this week. A Phase Transition target resistance for 2018 will stand at 28641 level whereas a Plateau Move would be 55,794. So hold on to your hats and grip the chair tightly. The future is being revealed to us little by little. DO NOT short this market until we at least elect a Daily Bearish Reversal and even then I would not look at it without a Weekly Bearish Reversal being elected. The risk is on the upside until we see how 2018 opens
The Dow Jones has backed off penetrating yesterday's low. If we close below that level today, then we may have the high in place for the week. We should expect a retest of the technical support at 23190 and at the time of this post it is trading at 23327. A closing below 23050 will signal that a pullback is likely, but note that we have support in the 22945 to 22970 area. A closing below this level of 22945 will imply a correction for now. The Weekly support lies at 22415 so only a closing beneath that area will signal a more sustained decline. Keep in mind that this market is still capable of turning back up for three days if we closed above yesterday's low of 23,343.23. From a timing perspective, an October high would imply a 2 month correction into December. So how October finishes will be important if we will see a continued cycle in version meaning a rally into December if we exceed the October high next month.
The market held 23050 for the close so we still have no sell signal. Keep in mind that we are probably in the middle of a cycle inversion and the leading cause of the rally remains professional with vertigo who keep trying to sell the high. Their short are constantly getting stopped out. We are above the top of the channel on the monthly level, and this is a warning that we may be in the preparatory stages for at least a Phase Transition that could carry the market up for 103 weeks into 2020, or we may even be in the preliminary stages of a Plateau Move that is rare, but took place last when the Economic Confidence Model turned in 1985. From the 1982 low, the Dow rallied from 769.98 to 11750.28 in 2000 of two 8.6 year waves back-to-back producing a 1428% advance. They thought we were nuts forecasting the Dow would rally to 10,000 back then. Keep in mind that the original 1982 Plateau Projection for 2017 was the minimum of 22120.56. We have exceeded that number warning we are dealing with something far more major than anyone suspects.
