The predictions for January 2011 made on December 29th showed several peaks including two major ones. The market high on Friday January 28th, 2011 coincides perfectly with the latter of the two predictions and the other peaks correspond well with minor highs and lows during what may be the final fifth wave of a fifth wave rally of primary wave 2 from March 2009 to the present. As the charts show, January 28th shows many good alignments with past highs and lows in stocks and may well prove to be a major top.
Both the US Dollar and Gold had lows a day earlier on the 27th, showing all the markets are interlinked.
I recommend clicking on each chart to see the enlarged version as browsers tend to do awful things to shrunken images, such as remove price bars entirely.
DJIA has clear spiral calendar alignments for F6, F9, F10, F12 as well as MACD and RSI on sell signals.
Spiral Calendar Turn Dates Chart For Dow Jones Industrial Average for January 28th, 2011 – click to enlarge
S&P 500 shows F11, F9 from April 26th, 2010 and August 9th 2010 highs respectively as well as several other alignments similar to the Dow. Various technical indicators are on sell signals – here we show stochastics.
Spiral Calendar Turn Dates Chart For S&P 500 for January 28th, 2011 – click to enlarge
Nasdaq 100 shows an amazing range of both long and short term spiral calendar alignments: F17, F16, F14, F13, F12, F11, F10, F9 and F1! This chart also shows the automated spiral plots (highs and lows detected by software instead of by hand) as the short red and green bars above and below individual price bars. The next 10 trading days are clear of any spiral alignments as would be expected for a significant top.
Spiral Calendar Turn Dates Chart For Nasdaq-100 for January 28th, 2011 – click to enlarge
Gold – GLD
Gold seems to have formed a low with good spiral calendar alignments on 1/27/11 in sync with the US Dollar low. It is an open question whether this signals that gold will rally to new highs or if this simply marks the start of a corrective rally.
Spiral Calendar Turn Dates Chart For Gold (GLD) for January 28th, 2011 – click to enlarge
UUP – US Dollar
The US Dollar has turned high on 1/27/11 showing good spiral calendar alignments, and if the low marks a wave 2, should be followed by a significant rally coinciding with a significant decline in stocks.
Spiral Calendar Turn Dates Chart For UUP – US Dollar for January 28th, 2011 – click to enlarge
New visitors: please see this post for a brief explanation of the spiral calendar.