15 replies to this topic

[Dex]

"If we assume that the 2014 pattern is going to continue driving stock prices in late 2018, then that should mean a dramatic rebound continuing through the end of 2018 and into 2019, without looking back. Thinking that the price pattern of 4 years ago should determine what happens now is a hard case to make. Except that for the past 3+ years, it has been working way better than all of the things which should matter. Knowing what the exact explanation is for this behavior is far less important than recognizing that the behavior happens for different reasons (obviously) than what the experts tell us about why stock prices move"

 

 

 

https://stockcharts....gain-today.html

 

If the Republicans get a majority in both houses - possible.  If they lose the majority in both - unlikely.

[Data]

A 98% correlation of two periods generally will not hold up unless there's some central banking policies which is missing from the annotations on both periods (QE2. OT2, QE3, ECB QE, BOJ QE, etc. to name a few).

 

https://www.mrci.com...al/wspi2015.php

[K Wave]

Still all about NQ 7160...back test held

[K Wave]

Another test of 7100.....one more between now and end of day and it likely won't hold....

 

now or never for the bulls....as QQQ sits pretty much right on the 200 day MA...with a massive "crash window" air gap just below....

[PrintFaster]

One of the huge FAANG stocks needs to report a big miss, that will create the QQQ "Air Gap"

[Data]

Defensive stocks are holding up the market currently.   Consumer staples (XLP), Utilities, Telecom, etc.   They have more representation in the Dow.  XLP is up 7% in the last week.  There is also the return of the different indexes rising and falling in opposition to each other, such as Nasdaq-Dow, Russell-SPX, and so on, which indicate liquidity is diminishing.  Share buyback blackout period will be over in a couple of weeks.  We'll see.