ALRIGHT FOLKS -- I'm officially entering accumulation anticipation mode. The third time the Market tries to overcome 4444 level, it WILL succeed! (Meaning each time Mr. Market tries to shoot past 4444 level and fail, that sort of event unfolded over the course of several months at least! So don't take the small daily/weekly fluctuations around 4444 as anything meaningful but background noise...) Anyways, Mr. Market trying to form the bottom right now. This could happen anytime between the next month and next 24 months... Hence the accumulation anticipation mode! When playing the Mr. Market, your wait time for precise professional entry must be exceptionally long up to 2-3 years even! (P.S: Only a Jedi master like me can know exactly when the market has hit the bottom. We Masters expect an accuracy of being wrong on the market bottom of not more than 5%!!)
This whole thing reminds me of the search engine DUCK (1st time tries get past 4444 and fail) DUCK (2nd time tries pass 4444 and fail) GO (3rd time's the charm)!
Remember, Mr. Market has to go above 4444 + 1/8th (= ~4999.5) in order to successfully pass that level on the SP500. Anything less, he's still INSIDE 4444 territory!!
Thought you said 3rd time is the charm. It has been the third time according to you. But now all of a sudden you place a rider on it, and set the goalpost further out with some magical fraction. More Far East majiks? You're a perma-bear that is feeling defeated methinks.
With a 12.5% upper envelope price level and a 12.5% lower envelope price level, it's over 1000 handles ($50,000+ in ES futures) of qualifying range. My guess is your analysis will be right! Someone has been chugging nog! Carry On! Oh wait... I just saw there is 24 month (2 year) time frame on this awesome analysis. Nog + Jack.