By: Jeff Cooper
Hit and Run Morning Stock Report: June 21, 2023
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You Can’t Make This Stuff Up
Yesterday’s report highlighted the synergy pointing to July 13, 2023.
In addition to what we already presented, July 13 is 180 degrees straight across and opposite 349 (3490) the October 13th, 2022 low for the decline.
Said another way, July 13th, 2023 is 9 months or 270 degrees the October 13, 2022 low.
We noted yesterday that July 13th, 1990 was a top that was followed by a crash into October.
That was 33 years ago.
33 aligns/vibrates off July 13th.
Likewise 1929 was 94 years ago and 94 and 33 align both vectoring July 13th.
Allow me to blow your mind.
In April 1990, I was shown a pamphlet by a famous technician about the secret trading methods of WD Gann.
In the last chapter, it said an age or an eon is 22,228 years.
I had always heard an age tied to the procession of the equinoxes and was around 25,000 years.
I divided 22,228 by 360, a circle or a cycle, and got 61.744.
Rounding, it’s a Fibonacci 61.8.
So I figured this is a good number.
Instinctively, I took a day for a year and calculated 22,228 days from the historic September 3rd, 1929 high.
It comes out to July 13th, 1990.
Remember it was April 1990 when these pieces presented.
I shorted heavily in July as the market rallied sharply into this unique cycle.
As it happens the market topped on July 13th 1990.
The DJIA struck a high of 3010 and dropped to 2344 by early October.
What’s also interesting is that on July 13th, 1990 Jupiter and Saturn were opposition.
The Jupiter/Saturn conjunction, 20 years, is part of Gann’s Time Factor.
Reading across the top of the Ephemeris for July 13th, 1990 the big planets
Are at 22 degrees, 22 degrees and 8 degrees: 22,228.
You can’t make this stuff up.
The last Jupiter/Saturn conjunction occurred on the Winter Solstice on December 21st, 2020.
Today is the Summer Solstice and we are opposite December 21st, 2020
In fact we are 900 degrees from the Dec 21, 2020 conjunction.
Obviously, that wasn’t just a market top in July 1990.
Two weeks later on August 2, Iraq invaded Kuwait and the seeds for the modern age of terrorism were sown.
So we know what happened 33 years ago in the summer of 1990.
How about 33 years before that in the summer of 1957?
Well, the market topped in MID-JULY at DJIA 523 dropping to 416 in October.
A 20% fall in the SPX from current prices is 880 points taking the SPX back to the region of the October 2022 low at 3480.
You can’t make this stuff up.
A weekly SPX shows support at the bottom rail of a channel at 4000---apx 10% down.
Breakage below this channel opens the door to a drop to the October 2022 lows.
An hourly SPX shows a Rule of 4 sell will be triggered on a break of the blue channel.
Breakage below the blue channel opens the door to the bottom of the green channel (from March 13th). The bottom of the green channel is in the 4260 region.
Breakage below 4260 should be a blaring siren of lower prices and we will position accordingly.