tag:blogger.com,1999:blog-547276048038789798.post3879626207665815438..comments2024-02-26T10:14:10.039-08:00Comments on Deflation Land: Charts 08-01: The big test for next weekchristiangustafsonhttp://www.blogger.com/profile/07216348353801614419noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-547276048038789798.post-24701970652289032142014-08-02T05:46:13.142-07:002014-08-02T05:46:13.142-07:00Those are some incredibly low targets. Kinda hard ...Those are some incredibly low targets. Kinda hard to believe. But the market is all knowing and fortunately money is made on both sides. Like your updates so keep them coming. :-)Phat Repathttps://www.blogger.com/profile/04401209340036026677noreply@blogger.comtag:blogger.com,1999:blog-547276048038789798.post-17704803850159890822014-08-01T21:22:30.182-07:002014-08-01T21:22:30.182-07:00Failing that test would be very very bad.
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Or g...Failing that test would be very very bad.<br />--<br /><br />Or good...depending on trading perspective :)<br />--<br /><br />Seems a fair few are agreed...if market can't break back above 1960/70s..then its done..and a much larger down wave is now underway.<br /><br />I see downside targets of the low 1700s from a fair few people.<br /><br />I would hope we can at least break lower than that...<br />Trading Sunsethttps://www.blogger.com/profile/13291647197167518399noreply@blogger.comtag:blogger.com,1999:blog-547276048038789798.post-75407721879030750092014-08-01T11:13:57.050-07:002014-08-01T11:13:57.050-07:00With the very lower-low this morning, we might not...With the very lower-low this morning, we might not even make it back to the orange line next week.<br /><br />First we have to get over the pink trendline. Failing that test would be very very bad.christiangustafsonhttps://www.blogger.com/profile/07216348353801614419noreply@blogger.comtag:blogger.com,1999:blog-547276048038789798.post-12799645434422164082014-08-01T08:29:43.967-07:002014-08-01T08:29:43.967-07:00And there are our morning margin calls from yester...And there are our morning margin calls from yesterday's waterfall.<br /><br />If the new lower-low (1923 SPX) holds, now the 1957 level also has the virtue of being a 50% retrace of the move off the top.<br />christiangustafsonhttps://www.blogger.com/profile/07216348353801614419noreply@blogger.com