tag:blogger.com,1999:blog-547276048038789798.post7288447236000107714..comments2024-02-26T10:14:10.039-08:00Comments on Deflation Land: Cracking upchristiangustafsonhttp://www.blogger.com/profile/07216348353801614419noreply@blogger.comBlogger50125tag:blogger.com,1999:blog-547276048038789798.post-16144437570312373702018-10-21T06:38:24.825-07:002018-10-21T06:38:24.825-07:00BTC has outperformed SPX for the past year. Let th...BTC has outperformed SPX for the past year. Let that sink in. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-547276048038789798.post-31512694109313206732018-10-19T13:35:06.473-07:002018-10-19T13:35:06.473-07:00I have close today wave B of an A-B-C counter-tren...I have close today wave B of an A-B-C counter-trend rally that targets SP 2850 for the C wave (of either a iv or a larger 2.) After that, watch out below, though the bears will still have a lot of work to do to seal the deal.Kevinhttps://www.blogger.com/profile/04698279995158493856noreply@blogger.comtag:blogger.com,1999:blog-547276048038789798.post-31400409565169997522018-10-19T12:47:53.744-07:002018-10-19T12:47:53.744-07:00A 2784 close here would be a literal cliff-hanger....A 2784 close here would be a literal cliff-hanger. <br /><br />(e of the triangle since 2710 low)christiangustafsonhttps://www.blogger.com/profile/07216348353801614419noreply@blogger.comtag:blogger.com,1999:blog-547276048038789798.post-30522472664426355552018-10-19T11:29:29.959-07:002018-10-19T11:29:29.959-07:00Yep.
Yep. <br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-547276048038789798.post-21756928295160182622018-10-19T11:16:26.741-07:002018-10-19T11:16:26.741-07:00Is long $UVXY ok?
;)Is long $UVXY ok?<br /><br />;)christiangustafsonhttps://www.blogger.com/profile/07216348353801614419noreply@blogger.comtag:blogger.com,1999:blog-547276048038789798.post-40673089308881308802018-10-19T10:55:10.540-07:002018-10-19T10:55:10.540-07:00SPX now has some catching up to do.
https://stock...SPX now has some catching up to do.<br /><br />https://stockcharts.com/freecharts/gallery.html?$BPSPX<br /><br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-547276048038789798.post-64958141063123393992018-10-19T10:53:06.655-07:002018-10-19T10:53:06.655-07:00Aaaaaaand it's gone. I'm out, good luck if...Aaaaaaand it's gone. I'm out, good luck if you still have any longs. Monday has the potential to be a crash day. <br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-547276048038789798.post-34975603098309315862018-10-19T09:47:05.610-07:002018-10-19T09:47:05.610-07:00New Moons are tops
Bottom of my channel is ~2600 ...New Moons are tops<br /><br />Bottom of my channel is ~2600 by Wednesday -- McHugh's original target for the decline.<br /><br />16TDs from the top. 10 TDs (.618) after that until the Election -- AND the FOMC. $IRX this morning is above 225 ... surprise hike on 11/7? (since there is no press conference)<br /><br />So this could still get VERY spicy.christiangustafsonhttps://www.blogger.com/profile/07216348353801614419noreply@blogger.comtag:blogger.com,1999:blog-547276048038789798.post-46881697598249236512018-10-19T09:38:50.164-07:002018-10-19T09:38:50.164-07:00This comment has been removed by the author.Kevinhttps://www.blogger.com/profile/04698279995158493856noreply@blogger.comtag:blogger.com,1999:blog-547276048038789798.post-85278354774886928472018-10-19T07:21:15.392-07:002018-10-19T07:21:15.392-07:00Probably. So we're in a 5th wave? the middle...Probably. So we're in a 5th wave? the middle of the channel is ~2670 on Wednesday -- Full Moon. <br /><br />That would be 16 days down from the 10/3 failed 5th high. The Election is 10 days after that, with a New Moon on the day after.<br /><br />Anyone interested in the long on Wednesday, flipping into a Thanksgiving short on Election Day?christiangustafsonhttps://www.blogger.com/profile/07216348353801614419noreply@blogger.comtag:blogger.com,1999:blog-547276048038789798.post-80713096793313032792018-10-19T07:09:26.813-07:002018-10-19T07:09:26.813-07:00Was that all of the retrace or nah? Was that all of the retrace or nah? Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-547276048038789798.post-78872159234879466822018-10-19T06:27:28.327-07:002018-10-19T06:27:28.327-07:00Remember, earnings are directly correlated with st...Remember, earnings are directly correlated with stock prices! Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-547276048038789798.post-35485356489880851262018-10-18T08:07:33.552-07:002018-10-18T08:07:33.552-07:00The big boys are parked in cash, and not buying a ...The big boys are parked in cash, and not buying a SINGLE thing. Is there an asset class that's not down? Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-547276048038789798.post-73624938669456010172018-10-17T08:10:27.792-07:002018-10-17T08:10:27.792-07:00From a wave count perspective, we are either just ...From a wave count perspective, we are either just completing wave a of an a-b-c wave 2 that tarets Dow 26K, Sp 2850, QQQ 180, or wave iv that needs a hard break of last week's lows to complete the first wave down (then comes back to the targets as laid out above.)<br /><br />Both suggest we will see much lower prices before all this is over, and then we will see whether 2019 starts in outright bear mode, or outright melt-up mode.<br /><br />Next MAJOR turn of Armstrong cycle is November 21, and he sees this as a major political turn event, with Merkel and Brexit in trouble, as well as reaction following the US election, where the dems have threaten to riot if they lose. Either way, volatility should stay extraordingly highKevinhttps://www.blogger.com/profile/04698279995158493856noreply@blogger.comtag:blogger.com,1999:blog-547276048038789798.post-72950324368746318512018-10-17T08:08:35.652-07:002018-10-17T08:08:35.652-07:00This comment has been removed by the author.Kevinhttps://www.blogger.com/profile/04698279995158493856noreply@blogger.comtag:blogger.com,1999:blog-547276048038789798.post-67760092201161109012018-10-16T15:14:36.347-07:002018-10-16T15:14:36.347-07:00not gloating jeff, my position is the same as it w...not gloating jeff, my position is the same as it was 4-5 years ago---the stock market is in the strongest & longest bull market in history and will continue to rise with occasional 5-7% pullbacks along the way and an occasional 10% every 3-4 years. <br /><br />i did buy on margin jeff as i post all my buys in real time----i've averaged in as i always preach----made purchases on 9/24, 10/4, 10/8 & 10/10. <br /><br />i'm not concerned as we are just at the start of earnings season and the s&p is already up 3%<br /><br />fundamentals will continue to drive stock prices higher. remember zero has changed since the week before last. if anything, the economy has become stronger. <br /><br />#nevar2800 lolT.Berryhttps://www.blogger.com/profile/06984133082818670078noreply@blogger.comtag:blogger.com,1999:blog-547276048038789798.post-61230948482118485112018-10-16T12:24:06.270-07:002018-10-16T12:24:06.270-07:00Need a close under 2790 here.Need a close under 2790 here.christiangustafsonhttps://www.blogger.com/profile/07216348353801614419noreply@blogger.comtag:blogger.com,1999:blog-547276048038789798.post-60105073763485920752018-10-16T12:21:50.000-07:002018-10-16T12:21:50.000-07:00The problem for the bulls is the technical damage ...The problem for the bulls is the technical damage that is being led by the majority of stocks. McClellan Summation is close to triggering a bear confirming drop. If we get that - which will likely happen if we revisit last week's lows - that will stay in effect for a year or more. All if good if Summation rockets when stocks do the partial rebound thing, and bulls b dead if Summation lags.<br /><br />My target remains Dow 26,000, Sp 2850, QQQ 179-180, which is where my QLD/SVXY/TNA becomes QID/UVXY/TZA. Hopefully we get there tomorrow...Kevinhttps://www.blogger.com/profile/04698279995158493856noreply@blogger.comtag:blogger.com,1999:blog-547276048038789798.post-15812028736414214502018-10-16T10:57:40.200-07:002018-10-16T10:57:40.200-07:00One difficulty for the bears (and fuel for the bul...One difficulty for the bears (and fuel for the bulls) is bearish sentiment. Inverse etf volume as a percentage of total etf volume hit a record high (by far) last Thursday. T Berry, please don't gloat. We all make mistakes. You said in late September that you bought on margin when the S&P was at 2919. Jeffhttps://www.blogger.com/profile/11292839902397920934noreply@blogger.comtag:blogger.com,1999:blog-547276048038789798.post-34050955384280555492018-10-16T09:13:47.468-07:002018-10-16T09:13:47.468-07:00hugh earnings just kicked off friday
you have som...hugh earnings just kicked off friday <br />you have some time ---besides everyone is a bear now after last week's mini correction --- they're gonna need a bigher slaughterhouse lol<br /><br />what they don't realize is nothing fundamentally changed last week---- the economy is still as strong as it was the week before and getting stronger<br /><br /><br />s&p heading for 3kT.Berryhttps://www.blogger.com/profile/06984133082818670078noreply@blogger.comtag:blogger.com,1999:blog-547276048038789798.post-20742536090927743702018-10-16T08:24:16.662-07:002018-10-16T08:24:16.662-07:00I don't think most of these fools see the tren...I don't think most of these fools see the trendline we are visiting this morning.<br /><br />You are about to get what you deserve.christiangustafsonhttps://www.blogger.com/profile/07216348353801614419noreply@blogger.comtag:blogger.com,1999:blog-547276048038789798.post-14273555965573663712018-10-16T08:19:04.275-07:002018-10-16T08:19:04.275-07:00I'm looking to bail on a couple of recent posi...I'm looking to bail on a couple of recent positions in the next week or so. How high are we headed, before the next leg down? 2850/2900? Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-547276048038789798.post-16650746774984947272018-10-15T12:12:42.592-07:002018-10-15T12:12:42.592-07:00"I would go short at Dow 23K."
August 4..."I would go short at Dow 23K."<br /><br />August 4, 2017 at 7:27 AM<br /><br /><br />that one left a mark lol. <br /><br /><br />the dow jones hasn't been below 23,000 since. T.Berryhttps://www.blogger.com/profile/06984133082818670078noreply@blogger.comtag:blogger.com,1999:blog-547276048038789798.post-13554855133680862122018-10-15T08:57:49.569-07:002018-10-15T08:57:49.569-07:00Scenario 3 -- S&P sells off to close @ 2594 on...Scenario 3 -- S&P sells off to close @ 2594 on Tuesday. Someone says something nice overnight.<br /><br />Then market rally to the 2803 old channel resistance about 10/26.christiangustafsonhttps://www.blogger.com/profile/07216348353801614419noreply@blogger.comtag:blogger.com,1999:blog-547276048038789798.post-55489524161956140452018-10-15T08:55:55.979-07:002018-10-15T08:55:55.979-07:00Tom DeMark was looking for a late October peak. Se...Tom DeMark was looking for a late October peak. See video:<br /><br />https://www.bing.com/videos/search?q=bloomberg+Tom+Demark&&view=detail&mid=F8DF4C6B32764B84E773F8DF4C6B32764B84E773&&FORM=VRDGARKevinhttps://www.blogger.com/profile/04698279995158493856noreply@blogger.com