12 replies to this topic

[gm_general]

I used to pay for an Arch Crawford subscription but it never did much for me. Occasionally he would get a seasonal gold call correct, not much else. My thought is why is this the third time in recent history that we get essentially the same momentum pattern with the same underlying topping structure? It seems its some essential human nature and sentiment at work, not the maniacal scheming of a Yellen or Kuroda, not particular events playing out moving it either. So this sentiment pattern would jerk the bulls and bears around near its top until they both get tired. The next move in the pattern could be a move up till STO on SP500 hits the resistance line around 90. That's assuming it can get over 58-59 or so when it impacts the resistance line that stopped it last time. When it gets stopped at whichever level that should be the end of the IT bull move for a while. But we'll see I guess.

[SemiBizz]

Bear Trap may morph into the Ultimate Sucker Rally...

 

In fact that's what it has been doing for a long time now...

 

I heard Arch Crawford say this morning... regarding the overall market longer term....

 

"sucks big time" and "keeps on rolling over"

 

 

 

Sucker Rally turned into Bull Trap...

 

One more Bear Trap before the major decline starts?

[OEXCHAOS]

Sure looks like a Bear trap to me. Honestly, I expected them to take it down more and close it, to really suck 'em in...

 

M