7 replies to this topic

[Rogerdodger]

I'm not sure about this "Ringing cycle" theory of the Late Terry Laundry, but the recent weakness is coming "on time".

He based it's length beginning with a significant low followed by another low sometime later, much like waves in a pool. 

 

Likewise the shorter term VIX correlation chart was screaming days ago.

 

 

Then there is Terry's "Confidence Index" in nose bleed territory, at record highs.

It compares higher yielding bonds to "safer" treasuries.

 

Edited by Rogerdodger, 02 February 2018 - 09:45 AM.

[redfoliage2]

This may morph into a 5 -10% correction.

[Rogerdodger]

"This may morph into a 5 -10% correction."

 

I thought they did away with those. ;-)

[MDurkin]

 http://schrts.co/10YG6r

 

Head and shoulders(TLT) might go down to the lower keltner band.

Edited by MDurkin, 02 February 2018 - 10:37 AM.

[qqqqtrdr]

Take it a day at a time.....   We are not short term oversold yet, or have confirmed a change from the medium/long term bullish trend line....

[kssmibotm]

"This may morph into a 5 -10% correction."

Can't happen.  This is the epicenter of wave 3.

[cycletimer]

Take it a day at a time.....   We are not short term oversold yet, or have confirmed a change from the medium/long term bullish trend line....

 

I agree, it's one day at a time but it's refreshing.... Maybe this is the start of a 5% correction.  This dip will be bought, especially at levels 2% below here, as the screaming heads will proclaim the long-awaited 5% correction (the first in how many years? 3?) has arrived.  I still believe new all-time highs are in the future but only after this little selloff ends.

[melonseed]

 http://schrts.co/10YG6r

 

Head and shoulders(TLT) might go down to the lower keltner band.

Nasdaq has a better formation of this.