Busted dates, unbusted EDTs; Updating the throwaway essay

Dates come and go but some things forge on.  I liked March 30 and April 18 weekends for a notable top; 'bugger' as the British say.  But the partial inspiration for those dates, Ending Diagonal Triangles (EDT) in the indices, seem to have endured.  The primary threat to those EDTs is the Grand Cross due tomorrow.  I’ve read newsletters that claim the Grand Cross and soon attendant other maturing astro events will ‘cause’ earthquakes, war in the Ukraine or Middle East, and even…. a truncated fifth wave!!!  Having read up on some Grand Crosses (particularly 1934), I have no doubt consequences of the Grand Cross will occur.  But my experience with large planets is that their time windows for effects are large and, most often, hard to associate with events.  As Bradley Cowan points out in Pentagonal Time Cycle Theory, when you associate the smaller planets and cycles with those of the large planets you greatly shrink the window for projections.  So, I’ve got these EDTs (maybe I should call them just triangles since I’m no longer ‘certified’ in Elliott Wave) and they don’t look busted at all.... as yet.  And I’m thinking maybe they aren’t going to bust despite the Grand Cross.  I’m also noting some new thoughts about them.

Some new developments in the SPX EDT on the larger scale:

You’ll note the ascending Gann zero line 1X1 drawn from the 3/6/2009 bottom.  It perfectly bisects the EDT at the top right of the screen.  The EDT is vibrating around Gann’s 1X1.  At least for now.  In the next chart below I’ve penciled in yet another date but for the above chart note that there is a time period at the bottom of the chart of 1888 calendar days.  Also note just below that time period there is a time period of 944 days which begins at March 6 to the date of the spike low in the middle of the chart.  A time “center of gravity” (COE) of which Gann would consider noteworthy?  Now a drill down on the SPX EDT:

From the point 2 low an ascending 2X1 Gann angle will intersect the similar 4X1 angle drawn from point 4 at point 5 on May 7, 2014 at about 1918.  And it makes that intersection on exactly the upper boundary.  So, that’s where I put point 5.  It creates the 1888 calendar day period noted above which is, in turn, subdivided with a notable spike at the COE.

Now the big picture on QQQs (I’ve done this with NDX but QQQs has more insights):

Three items to note from the QQQs big picture.  First, there’s a grey Gann 1X2 (one cent per 2 days) drawn from the all time high (ATH) on the left of the chart that transits just above the black expanding EDT at the right of the chart.  I consider this a very important angle.  Second, there’s a bolded dark blue 5X1 zero line drawn from the March 6, 2009 secondary low that so happens to perfectly coincide with the black upper boundary of the expanding EDT.  A 5X1 is not a primary Gann angle but it's simply 5 squares of time to 1 square of price.  That it coincides with the upper boundary of the EDT seems meaningful, at least to me.  Finally, I have again, and with great trepidation, picked out a date that I’ll explain later.  That date creates a period of 1892 calendar days for the period at the bottom of the page.  And subdividing that date gives a COE of 896 calendar days that is the low of the 2011 mini panic.  Now drill down again:

Do the pick a date first.  The 1X2 from the ATH meets the 5X1 from the March 6, 2009 zero line at exactly May 11, 2014 and a price of 94.76.  Again, that date creates the 1892 period above that is so notably subdivided and described in the preceding paragraph.  It also sets up some time relationships between the sub-waves of the EDT.  The EDT would span 144 calendar days from the beginning of the first sub-wave.  The time period from point 1 to point 3 equals the time period from point 3 to point 5; 66 CDs.  And 66 CDs is the 5^th Carolan interval based on the Fibonacci number 5.  And then you can look at each wave length of the 144 day span of the EDT.  You’ll find some very very interesting Fibonacci and harmonic relations between those waves.

So, there, yet another set of dates and price levels;  QQQs 94.79 on May 17 and SPX 1918 on May 7.  Many essays earlier I came up with those price levels and then wandered into higher levels of 97 and 2000, respectively, based on historic price intervals.  [Those may still occur but are based on price only but overshooting the upper boundary of an EDT by that much seems a little rich.]  I prefer the above rationale based on both time and price geometry and an Elliott Wave fit.  I wonder what astro things occur near those dates and what the sq of 9 might say.  That should take up the rest of the day.

There's a still intact contracting EDT in DJIA with a very flat top but there's little more to be said than might be said about SPX and QQQs.  So I won't.

Then again, the Grand Cross might truncate it all.  Bugger.

Jim