There is no real market collapse until defense stocks collapse. [LMT]

The elite love their little war making industry which goes by the name "defense".  Everyone knows this which is why they have bought into "big war" stocks.  They believe that everything else can go down but that the government will create endless prosperity for the war makers like Lockheed Martin (ticker LMT).  Today's is my first post ever on LMT and I am calling a top in the shares based on nothing more than the wave count below.



Most people and stock analysts will think this is insanity.  After all, the US is currently antagonizing Russia and China and both are putting up an increasingly large display of disrespect toward US military hegemony.  China has turned its manufacturing might into building military installations in the middle of the south China sea with clear intent to rule that part of the world militarily.  China, which is unlike N. Korea who threatens war every other week, has warned the US that interference in these operations will trigger WW3.   Of  course what is really going on is that China wants a seat at the adult's table, one that they have absolutely earned by the patient sweat of its labor force IMO.

With global moods souring in the face of collapsing global economies, now is the best shot at WW3 that the war mongers have had for quite some time.  Again, it seems another reason why war stocks should head for the stars.  But my interpretation of the wave count is that the opposite will happen.  This doesn't mean that there won't be war, it simply means that the military industrial complex will not see rising share prices into it.

The blue arrows point out where I have set my alerts.  Once this falls back into the body of that giant expanding wedge we should see a 5 wave collapse that occurs fairly rapidly.  Again, nobody can know the future in advance for sure and this pattern has not been confirmed yet.  The blue arrows point to the confirmation points.  And so I don't know with a certainty that this is going to transpire.  But I reckon the odds are very high at this point and will get much higher as soon as we see some confirmation breakdowns occur.

Future readers, know this:  there are NO current indications whatsoever that the chart is going to behave as described.  There is no fundamental reason for this to happen.  Yet I strongly believe it will in fact transpire based on the only thing that I have ever seen to be reliable in trading stocks which is the Elliott wave count.  Everything else is just noise.  Nobody else is predicting what my wave count is telling us.  This is leadership class vision, not running with the herd or coat tail riding.