tag:blogger.com,1999:blog-547276048038789798.post8591961559897309656..comments2024-02-26T10:14:10.039-08:00Comments on Deflation Land: Charts 11-22: Another POMO calendar approacheschristiangustafsonhttp://www.blogger.com/profile/07216348353801614419noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-547276048038789798.post-53515081193419472742013-11-24T19:07:25.491-08:002013-11-24T19:07:25.491-08:00One reason I was kind of quiet last week, Bicycle,...One reason I was kind of quiet last week, Bicycle, was that McHugh had one of his "phi mate" turns scheduled for 11/20, and I didn't want to mention it. It is his work, after all, based on his own structural analysis of market cycles.<br /><br />11/20 may have marked a minor low and turn north, hopefully into a final high. The indexes are certainly giving clues for some kind of turn.<br /><br />Everyone expects a "pullback" now, OK, fine. Where it gets interesting is when the bounce from that "pullback" rolls over into a "wave 3". That will be a doozy.<br /><br />The POMO schedule announcement this week is again exactly the sort of event that may give us a final top and end to this ZIRP/QE rally, and the start of something <i>very very bad</i>.<br /><br />Or the bears are wrong again, and the economy really can run on QE, unpayable student debt, and subprime 7-year car loans.christiangustafsonhttps://www.blogger.com/profile/07216348353801614419noreply@blogger.com