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I am a bull, but I don't feel good so far ... this picture is from Tom McClellan


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#1 q4wer

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Posted 16 April 2018 - 12:21 PM

1522962222137776884001.jpg



#2 Chilidawgz

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Posted 16 April 2018 - 12:52 PM

Feeling not so good is exactly what you want :)

 

Stop looking at all those time comparisons, they mean nothing IMO.

 

spx.jpg


Anything can happen...what's happening now?
No one can forecast the future. No one.

"Again, this is all based on some trivial elementary school arithmetic."
(The individual in the quote was giving his opinion on TA...way too funny smile.png
That comment made me smile and spit out my coffee)
 
“To speak out against the madness may be to ruin those who have succumbed to it.
So the wise on Wall Street nearly always remain silent.
The foolish have the field to themselves, and none rebukes them.” (J.K. Galbraith).
 
 

#3 da_cheif

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Posted 16 April 2018 - 12:58 PM

good ewavers ignore the mclellan stuff



#4 Chilidawgz

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Posted 16 April 2018 - 01:22 PM

ummm, lower lows (above statement) 

 

must get coffee


Anything can happen...what's happening now?
No one can forecast the future. No one.

"Again, this is all based on some trivial elementary school arithmetic."
(The individual in the quote was giving his opinion on TA...way too funny smile.png
That comment made me smile and spit out my coffee)
 
“To speak out against the madness may be to ruin those who have succumbed to it.
So the wise on Wall Street nearly always remain silent.
The foolish have the field to themselves, and none rebukes them.” (J.K. Galbraith).
 
 

#5 cycletimer

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Posted 16 April 2018 - 03:14 PM

Scary chart comparison for sure but I’m nor confident in analogs. They coincide for awhile until they don’t....
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#6 LarryT

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Posted 16 April 2018 - 03:48 PM

Well, nothing has changed since the January high, SP-1500 remains on a buy signal, odds are the wave pattern is a wave four off the 1810 low and 3200 is still a solid wave five target. Wave "D" window at 2707 to 2750 remains my focus.

 

LT...d:^)


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d:^)

#7 Data

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Posted 16 April 2018 - 04:40 PM

The best bet for something like that would be in 2019.   The FRB+ECB+BOJ net injections will turn negative in Q1..  Meanwhile, it took 6 months of teasing the 200-day moving average in 2000 and 2007 to build a top.  It's not there yet.



#8 OEXCHAOS

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Posted 16 April 2018 - 05:10 PM

It is just as likely that we follow a 1998-2000 pattern.


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#9 Chilidawgz

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Posted 17 April 2018 - 05:10 AM

down Tuesday?

 

pause.jpg


Anything can happen...what's happening now?
No one can forecast the future. No one.

"Again, this is all based on some trivial elementary school arithmetic."
(The individual in the quote was giving his opinion on TA...way too funny smile.png
That comment made me smile and spit out my coffee)
 
“To speak out against the madness may be to ruin those who have succumbed to it.
So the wise on Wall Street nearly always remain silent.
The foolish have the field to themselves, and none rebukes them.” (J.K. Galbraith).
 
 

#10 cycletimer

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Posted 17 April 2018 - 05:53 AM

down Tuesday?

 

pause.jpg

 

Maybe after a Gap UP opening that is faded.  We have two cycle turns over the next week, TODAY, 4/17 and next week 4/27....afterwards are turns on 5/7 and 5/27 (direction of turns is left up to the trader, I don't forecast turns, however I will fade the market at the turn.  This two-day rally I'll fade with tight stops.


My early retirement journey (blog): https://firechecklist.net/

Twitter: @MrFireby2023