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#11 fib_1618

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Posted 10 October 2018 - 10:22 AM

I posted all three weekly majors in Europe yesterday on my insta... the point of recognition still has not arrived, and I do believe there will be a bounce when the DAX hits the neckline, but once it breaks, it will likely be the point of recognition for Europe...

 

Here are some longer term breadth charts that may be of interest for an intermediate term perspective.

 

Not a lot of 5th wave divergence at this stage...probably more corrective than anything else.

 

Good to see you posting again Timothy!

 

Fib

 

breadthdaxit100518.png

 

breadthcacit100518.png

 

breadthftseit100518.png


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#12 OEXCHAOS

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Posted 10 October 2018 - 10:48 AM

Good stuff.

FWIW, my work says that we're some way from the market acting like a Bear Market. I suspect that the primary low for this move was just made or will be made today. Secondary low maybe near Thanksgiving (?), but we'll see.

 

I would not get too Beared up here.

 

M


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#13 PrintFaster

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Posted 10 October 2018 - 11:26 AM

CNN Fear/Greed now down to 12

 

https://money.cnn.co...fear-and-greed/



#14 bighouse1006

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Posted 10 October 2018 - 11:32 AM

Thanks for the charts Fib!

#15 CLK

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Posted 10 October 2018 - 02:48 PM

Good stuff.

FWIW, my work says that we're some way from the market acting like a Bear Market. I suspect that the primary low for this move was just made or will be made today. Secondary low maybe near Thanksgiving (?), but we'll see.

 

I would not get too Beared up here.

 

M

 

 

I don't think commercial paper is involved this time. It's going to get even uglier. This is 87 style right here not normal bear market.



#16 OEXCHAOS

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Posted 10 October 2018 - 03:50 PM

Relative VIX Buy today. Secret Hedgefund Buy.

 

M


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#17 CLK

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Posted 10 October 2018 - 04:56 PM