Thursday, February 2, 2017

Coupla' weeks

... until the next window for the market to get interesting again.


The next 4 years are going to see so much crazy winning with the Donald Trump.  Ronald Wilson who?  And then 4 more.

Well, here's the plan for 2017 at any rate, sort of a silhouette of Mt. Redoubt in the North Cascades.

SPX 2017 support & resistance & doom

10 comments:

Christian Gustafson said...

If I've got 2 weeks to kill, I should pull together some pulp for a book thread.

I got a copy of Spengler's The Hour of Decision for Christmas, and I need to show it off.

Hugh Jazole said...

A short story from uncle Ted.

http://www.counter-currents.com/2010/10/ted-kaczynski-ship-of-fools/

Bicycle said...

Saudi Arabia Crude Oil Production

T.Berry said...

feb picking up where jan left off---biggest rally of the year today. dji already up 1% mtd. going on a limb, the trump bottom snp 2030 will never get touched in '17. less than 5% till 21k :)

Christian Gustafson said...

Some PizzaGate rumors, specific and detailed enough that we should know if they are credible very soon.

Hugh Jazole said...

There was a time when I would have outright rejected the PizzaGate thing immediately. I've lived long enough now, to realize just how terribly common this sort of thing is, and just how SICK so many people are. Everything changed for me when I read about the Larry Brinkin case in SF. It's this sort of thing that makes me thankful I don't have access to the nuclear codes.

http://archives.sfweekly.com/thesnitch/2012/06/25/larry-brinkin-sf-gay-rights-icon-arrested-on-child-porn-charges

"The warrant claims these e-mails contained images of children as young as perhaps a year old being sodomized by and performing oral sex on adult men. Zack3737@aol.com -- whom the police allege is Brinkin -- provided graphic commentary on the photos of interracial adult-child sex. Comments included "I loved especially the nigger 2 year old getting nailed. Hope you'll continue so I can see what the little blond bitch is going to get. White Power! White Supremacy! White Dick Rules!""

Hugh Jazole said...

He plead guilty BTW. Comments on this article are worth a look.

http://www.cnsnews.com/news/article/michael-w-chapman/san-francisco-s-gay-icon-larry-brinkin-guilty-felony-child-porn


Stockboom said...

I think T.BERRY is right...dont think how market can fall to 10% let alone your crazy targets!

sorry not trying to insult you but looking at the market one could sense that your targets are just in fancy land...not reality...

Christian Gustafson said...

Stockboom, those are the supports as I see them in the near future, the Brexit lows and the boundary of the rally channel drawn since 2009. The initial drop to that isn't much more dramatic than the drop in early 2016 (SPX 1810 low), and the year before that.

What I'm proposing is that we roll over at last on real deflationary pain, and that the tape that results from it has both sharp drops and rip-your-face-off rallies. I'm talking about 5 waves down to that 1615-ish low, and nailing every single turn with a spec trade along the way.

These will be immensely profitable for those who are prepared for them. These are the supports in the chart, IMO.

T. Berry is right that the trend is still up, and I don't begrudge anyone who still wants to chase the dragon a little further. All the best to you.

All that matters for me personally is how and when the next Bear arrives. This has always been my position.

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