Sic transit gloria mundi
If we're done selling off for now, the .618 retrace of the drop from 2020 SPX is around 1977.
FWIW, The /ES (hourly chart) stopped at the -23.6 extension of the 1963 to 1910 drop at 1898 after having hit a 50% retrace at 1936, so I would not be surprised to see it head back up here. Yellen will provide CNBC, et al, an explanation for whatever happens, no matter what it does, or what she says.
i'm going to will it into being...whatever it takes
Thanks, George. And welcome.BTW, if you have any recipes for tasty long pig or innovative techniques for man-traps and punji sticks, please do share.Meanwhile Bicycle is focusing all his psychic energy on lifting the tape, like a psionic attack from a mind-flayer.If the Bear really is coming, a good bounce would be great.
Mind-flayer reference material.
Bicycle -- since the lows this morning. A up, a B-wave triangle over the last hour of trading, C up tomorrow?
Sure, that fits, especially with Janet speaking soon. Man, if we can get a hyper-ramp tomorrow....The caution is that a number of individual names I watch (all associated with China) broke significant resistance today and DID NOT regain in that ramp into the close... but those could simply be early warning signs.Now check out The Panic In Peoria...
and lest ye forget... the Supermoon Blood Red Moon Total Lunar Eclipse is this weekend. Not to be seen again until 2033, long after the conclusion of the robot drone wars
Is Rock River Arms hiring?
CG- I don't know anything about guns. Perhaps I better learn. What do you recommend? Just want to protect my daughter from all that is evil. Would love for her to embrace Ronda Rousey as a role model.
Can we fill the gap @ 1990 SPX today?Such a move would clear the field of bears.Bryan, I have a CCW issued by the State of Washington, but I'm not your source for real firearms info. I suppose you need a rifle, as well as a pistol so that you can get to your rifle. Then you can be an armed free citizen of the republic like me and the Swiss.Go to a range that lets you try out a variety of guns, find something you like, lock it up securely. There are also mobs of tasty deer in your neck of the woods; the top predator is either you or the hood of your neighbor's Buick.
Although I would love for us to complete the triangle in time for the lunar eclipse... I think it will take a few more days.... DJIA 16700-750, no higher.
BBRY about to set a new 52 wk low lol
Hello, would you care to update your post "Does 1987 have any lessons for today?"? As it looks to be following your A-B-C moves pretty closely, and we're getting close to the interim top before your big break down.Would love to hear an update on that one.Thanks
Yeah, Steven, good idea, I'll do that. If these legs are ABCs, then we get caught off-guard waiting for 5th wave lows below 1867 and unpleasant things like that. By the time we figure that out -- whoa -- there's our next C wave down.Bicycle, I don't know if it's sporting to make fun of BBRY any more. How much of the S&P 500 will suffer a similar fate?
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