I’m not seeing anything in the intraday stock model that would require a new high on the year BUT…if the SPX is trading in a large expanding pattern with BAM magnets as the turning points, 1049.30 would be the next Fibonacci target level.

MONSTER SELL SIGNALS ARE TRIGGERING BUT BUYERS CAN CONTINUE THEIR STUBBORN WAYS RIGHT UP UNTIL THE (text withheld/subscribers only) (so we won’t allow ourselves to become discouraged with the model’s call)

WE CONTINUE TO BELIEVE THE STOCK MARKET IS IN A HUGE EXPANDING PATTERN (ELLIOTT WAVE)

That structure would be following an A,B,C,D,E pattern (originating at the Novembver 21, 2008 low) with the BAM 944 SPX cash magnet as the “A” high (actual high was 943.85) the BAM 680 SPX cash magnet as the “B” low (actual was 666.79) ,the BAM 9497 INDU FUTS magnet as the “C” high (and possibly SPX 1049.30) and “D” and “E” yet to unfold.

Assuming the above is true, and it sure looks like it might be, the next leg down (wave “D”) projects down to the (information withheld/subscribers only) Very interesting considering our long-standing BAM SPX magnet target is sitting down at the (information withheld/subscribers onloy) level!

Anyway, it sure looks like this stubborn advance (the heads are calling it “resilient”) is a huge expanding pattern that will end in tears. 

No change.  This is an EPIC short-selling set-up according to our work and stocks should be (subscribers only) toward that BAM (subscribers only) magnet over the coming months. 

(sentence withheld/subscribers only) in either December 2009 or February 2010.

near-term–severe weakness into 9-14 and 9-21ish

SELL, SELL, SELL!!

We think this has everything to do with China and the (information withheld/subscribers only).  The fact that the H1N1 spread as quickly as it did on the Washington State campus–infecting 2500 students (18,000 enrollment) within a two week period–confirms the experts’ view on the highly contagious nature of H1N1.  Again, we’re not calling for mass deaths, we’re simply saying that we think the forecasters and analysts are underestimating the disruptions to the economy/productivity we’ll be seeing over the coming months.

-JGS