tag:blogger.com,1999:blog-547276048038789798.post5738188820012948759..comments2024-02-26T10:14:10.039-08:00Comments on Deflation Land: Charts 10-09: 3 optionschristiangustafsonhttp://www.blogger.com/profile/07216348353801614419noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-547276048038789798.post-9115311682691177532012-10-10T21:18:55.084-07:002012-10-10T21:18:55.084-07:00Lately he's been very good, cautious and patie...Lately he's been very good, cautious and patient with these bearish retracements. He sees the internals and can tell that no crash is imminent. <br /><br />Personally, I don't think he gets his final new high, but I will grant that it is possible, sure.christiangustafsonhttps://www.blogger.com/profile/07216348353801614419noreply@blogger.comtag:blogger.com,1999:blog-547276048038789798.post-15052622661259218682012-10-10T18:37:35.259-07:002012-10-10T18:37:35.259-07:00McHugh has had a pretty bad record the past couple...McHugh has had a pretty bad record the past couple of years hasn't he?soonerhttps://www.blogger.com/profile/10901656359031146302noreply@blogger.comtag:blogger.com,1999:blog-547276048038789798.post-65508593990437144442012-10-10T12:34:08.858-07:002012-10-10T12:34:08.858-07:00This comment has been removed by the author.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-547276048038789798.post-43097191622582584462012-10-10T07:55:26.340-07:002012-10-10T07:55:26.340-07:00So far, looking at the tape today, unless we break...So far, looking at the tape today, unless we break down through 1435 and 1430, I have to favor the pink option I sketched last night.<br /><br />SPX 1500 right into Election Day, can you imagine that? My hat will be off to the financial elites for pulling this off, really.<br /><br />McHugh is still talking about his "Jaws of Death" pattern, the giant megaphone running back to 2000, and which he believes can still set new all-time nominal highs on the indexes. His timeline for a top is pretty loose at this point. <br /><br />The neat thing about Dr. McHugh is that he has that whole arsenal of indicators underlying his system, so if the foundation starts to sag from dry rot, he should see signs of it in advance.<br />christiangustafsonhttps://www.blogger.com/profile/07216348353801614419noreply@blogger.com