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T Teory: Signs of weakness
I always enjoyed both of these guys!
Marty Schwartz and Terry Laundry's "MAGIC T Theory"
April 7, 2024
The market is beginning to show signs of weakness
I would expect it to take a fair amount of time to arrive at a bottom, or an end to seeing cash leave the market. Keep in mind that a declining VO represents money being taken out of the market
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283 Views · 2 Replies ( Last reply by Rogerdodger )
the only thing that could make this rally derail
is if those three scientists that are on power in russia, hit a nuclear plant in Ukraine
335 Views · 4 Replies ( Last reply by andr99 )
Another pullback bought, new ATH? FED playing politucs?
The highlights on Monday's Asian calendar are trade and current account figures from Japan, industrial production from Malaysia, and an interest rate decision in the Philippines.
Japan's Nikkei 225 will be looking to bounce back from Friday's 2% slide, which sealed a weekly loss of 3.4%, its biggest decline since December 2022. As ever, the exchange rate and threat of yen-supportive intervention from Tokyo will hold great sway over Japanese stocks." REUTERS
3,868 Views · 338 Replies ( Last reply by redfoliage2 )
Risk Windows for the Week of 8 April and the Eggs That Di...
According to my risk summation system, the days this coming week with the highest risk of seeing a turn in or acceleration of the current trend in the DJIA are Monday April 8th and Friday April 12th with a somewhat elevated risk on Wednesday April 10th (too high to ignore, not high enough of a signal to make the first string).
Last week pretty much the whole week was a risk window, the Thursday March 28th noon thru Tuesday April 2nd risk window caught the top before the plunge. The Thursday the 4th noon thru this coming Monday the 8th risk window looks like it caught a (the) low.
Did one of my cotton picking short term EWave counts actually work out? If the high on the March 28th holds, then yes, if not, then no, but so far so good.
Two amazing black swan eggs got laid on Wall Street's door step last week which did cause a bit of a plunge, not crash mind you. One egg, inflation, raised its ugly head again (which Powell promptly ignored ), and the second egg, Israel bombed the Iranian consulate in Syria, but neither egg hatched, at least not just yet. The crash risk window doesn't close until late Tuesday, but I'm thinking these eggs are probably going to end up scrambled for breakfast, not birthing any evil, black, market-wrecking, winged beast.
Regards,
Douglas
OT : I didn't know New York may have earthquakes
of such degree........they are not uncommon where I live, but we don't have skyscrapers
296 Views · 9 Replies ( Last reply by andr99 )
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