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Bear Update


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#1 RagingSpartan

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Posted 03 December 2018 - 11:21 AM

Small and midcaps are speaking loudly.

#2 MikeyG

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Posted 03 December 2018 - 11:25 AM

NYUD is on the verge of making new highs...


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#3 kaiser soze

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Posted 03 December 2018 - 11:31 AM

Spartan, 

 

Previously I disagreed with you and called a bottom at SPX 2603.

 

But price action in large cap tech is horrible since QQQ=157 in spite of the rally.  I'm with you now in the bear camp, and think Tech will break the November lows soon, likely before the end of January 2019 taking the market down with it.  They might try to get marginal new highs in SPX in the mean time, but even that looks increasingly difficult.

 

-KS



#4 RagingSpartan

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Posted 03 December 2018 - 01:55 PM

All rallies should be sold.

#5 MikeyG

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Posted 03 December 2018 - 02:40 PM

Vix is going to 13-14 in the IT...


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#6 redfoliage2

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Posted 03 December 2018 - 11:40 PM

All rallies should be sold.

True only if it's a bear market ......................


Edited by redfoliage2, 03 December 2018 - 11:50 PM.


#7 kaiser soze

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Posted 04 December 2018 - 01:11 PM

Spartan, 

 

Previously I disagreed with you and called a bottom at SPX 2603.

 

But price action in large cap tech is horrible since QQQ=157 in spite of the rally.  I'm with you now in the bear camp, and think Tech will break the November lows soon, likely before the end of January 2019 taking the market down with it.  They might try to get marginal new highs in SPX in the mean time, but even that looks increasingly difficult.

 

-KS

 

 

TOLD YA' SO.  Cyclical stocks getting taken to the woodshed.  Recession trade.


Edited by kaiser soze, 04 December 2018 - 01:12 PM.