tag:blogger.com,1999:blog-547276048038789798.post6327734103733690612..comments2024-02-26T10:14:10.039-08:00Comments on Deflation Land: Charts 11-07christiangustafsonhttp://www.blogger.com/profile/07216348353801614419noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-547276048038789798.post-12843138139068046772013-11-09T04:49:06.547-08:002013-11-09T04:49:06.547-08:00We had a terrible unenjoyment report in early 2009...We had a terrible unenjoyment report in early 2009 that marked max capitulation--could this enjoyment on steroids report mark the other bookend to Mania 3.0?<br /><br />Even though IWM joined in Friday, it still looks a bit heavy--not a great sign when the generals start acting like GIs.Johnhttps://www.blogger.com/profile/07905602919957796183noreply@blogger.comtag:blogger.com,1999:blog-547276048038789798.post-62199213792467554382013-11-08T14:06:14.362-08:002013-11-08T14:06:14.362-08:00Urghh
I ain't pleased with what happened toda...Urghh<br /><br />I ain't pleased with what happened today, but really, are we surprised?<br /><br />Heavy QE...the mainstream remains insanely deluded, and besides the hourly chart was vulnerable to a bounce anyway.<br /><br />--<br />sp'2000s next spring....yes..that will be one hell of a more comfortable level for me to start throwing $ at index shorts again.<br /><br />Have a good weekend..Trading Sunsethttps://www.blogger.com/profile/13291647197167518399noreply@blogger.comtag:blogger.com,1999:blog-547276048038789798.post-52068513676675279982013-11-08T12:05:25.441-08:002013-11-08T12:05:25.441-08:00c of 4.c of 4.Bryan Francohttps://www.blogger.com/profile/13490480303778800074noreply@blogger.comtag:blogger.com,1999:blog-547276048038789798.post-62672197703792549722013-11-08T12:00:50.616-08:002013-11-08T12:00:50.616-08:00i still think this is a decent setup for a wave 4 ...i still think this is a decent setup for a wave 4 down to the 1720s. the tape feels like a smaller fractal of the September/October 2012 consolidation. this is my hope anyway, as it would keep you and me 'in sync'. A new right here would be more flustering to me than trying to find something in my wife's purse.Bryan Francohttps://www.blogger.com/profile/13490480303778800074noreply@blogger.comtag:blogger.com,1999:blog-547276048038789798.post-60554253538523512572013-11-08T11:22:33.803-08:002013-11-08T11:22:33.803-08:00Argh! Definitely retracing past the .618 here has...Argh! Definitely retracing past the .618 here has us back looking for one more high, doesn't it?<br /><br />And the drop we had, while nice, was not enough to trigger Bryan's 3% rule.<br /><br />So the idea of an ending-diagonal from the 1627 low is still on the table, with a (my) target up around 1798. <br /><br />I got in a nice scalp on UVXY yesterday, but the entire time, my friend Pieter was commenting that it was not exploding as we would expect to see on a true market top n turn. When UVXY starts putting in 20-30% days, this will help us to call a top.<br /><br />Are we set for another couple of weeks of low-volume crawl?christiangustafsonhttps://www.blogger.com/profile/07216348353801614419noreply@blogger.comtag:blogger.com,1999:blog-547276048038789798.post-61479347379191089532013-11-08T08:08:47.861-08:002013-11-08T08:08:47.861-08:00hmm...I so wish i could believe in that. I'd r...hmm...I so wish i could believe in that. I'd really like to short this market.<br /><br />Yet..sub 1700s just don't look viable. 50 day MA at 1710 will be so difficult to break<br /><br />I just can't see sub 1700s for some months...maybe all the way until late summer/autumn 2014...if we broadly rally into the spring.<br />-<br /><br />huge amount of money sloshing around out there..and it is ALL going to make its way into the equity market.Trading Sunsethttps://www.blogger.com/profile/13291647197167518399noreply@blogger.com