tag:blogger.com,1999:blog-547276048038789798.post2963679986324044719..comments2024-02-26T10:14:10.039-08:00Comments on Deflation Land: Charts 01-30: Onward to 1870christiangustafsonhttp://www.blogger.com/profile/07216348353801614419noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-547276048038789798.post-12038968095644262212014-02-02T18:55:52.746-08:002014-02-02T18:55:52.746-08:00looking forward to dumping half this week or next ...looking forward to dumping half this week or next @ CG's 1870. T.Berryhttps://www.blogger.com/profile/06984133082818670078noreply@blogger.comtag:blogger.com,1999:blog-547276048038789798.post-36441473631559267712014-01-30T13:02:45.996-08:002014-01-30T13:02:45.996-08:001810 for sure CG. The annoying "rule" th...1810 for sure CG. The annoying "rule" that I've posted on end about would certainly allow for this... a move down to the low 1700s from 1810, and then STILL make a new all time high later. However, the rule would not allow for anything greater than 20% outright before a new all-time high. Bryan Francohttps://www.blogger.com/profile/13490480303778800074noreply@blogger.comtag:blogger.com,1999:blog-547276048038789798.post-30045890816475041072014-01-30T12:50:16.552-08:002014-01-30T12:50:16.552-08:00To my understanding, Bryan, there are 4 basic poss...To my understanding, Bryan, there are 4 basic possibilities on the table now:<br /><br />1. Higher high ahead, perhaps SPX 1870 (my count).<br /><br />2. Top is in, dive to 1770 was a "wave 1". In correction now.<br /><br />3. The drop to 1770 was actually "A" down of a much larger and scarier correction.<br /><br />4. None of the above! E-W is subjective hocus-pocus and a complete waste of time.<br /><br />I think this about exhausts it. Like I said above, the 1810 area may present an important hurdle for the S-T bullish case, lest a head-and-shoulders top play out here.<br /><br />christiangustafsonhttps://www.blogger.com/profile/07216348353801614419noreply@blogger.comtag:blogger.com,1999:blog-547276048038789798.post-85843510018807551132014-01-30T12:36:22.122-08:002014-01-30T12:36:22.122-08:00... and an outside-ish day like today works too.. ...... and an outside-ish day like today works too.. onward to 1870 in progress i guess!Bryan Francohttps://www.blogger.com/profile/13490480303778800074noreply@blogger.comtag:blogger.com,1999:blog-547276048038789798.post-34571790017932684082014-01-30T11:48:28.329-08:002014-01-30T11:48:28.329-08:00The crucial moment will be when we get back to 181...The crucial moment will be when we get back to 1810 SPX.<br /><br />1810 is both a 50% retrace of the recent decline AND a potential right shoulder for a nasty-bad decline.<br /><br />We either get that decline, or the H&S setup fails, and short-covering helps us up to new highs. <br /><br />It may be a tense moment in the market.christiangustafsonhttps://www.blogger.com/profile/07216348353801614419noreply@blogger.comtag:blogger.com,1999:blog-547276048038789798.post-88229980540136294092014-01-30T10:15:45.390-08:002014-01-30T10:15:45.390-08:00nice GC. I'm along for that ride to 1870 then...nice GC. I'm along for that ride to 1870 then letting half go and waiting for 1629 in march to reloadT.Berryhttps://www.blogger.com/profile/06984133082818670078noreply@blogger.com