Then a mean regression can occur because it will be well below average.
Mixing thoughts with the SPX forward projections, notice forward is a scattered chaos.
If the decline is substantial enough, alot of this noise can clean up and a longer
smoother slower recovery. Monthly is similar being flatish, one cycle offering a
secondary high in about t2-3 months before the monthly collapses.
The major decline should begin about late feb.
Thus I will be looking to cover short within the next week and partially long in
2 weeks.
Way down there is really best for the bulls timewise for a 2 month recovery.
We are mostly likely only seeing the momentum low next week with more emotion
and the long entry in the first week of Dec.
The good news going down hard with a reason to buy is looming daily up cycles, 61 and 142 week bounce.
Where to buy is harder, probably on 2nd daily vix close above the upper 20 day BB, or listen to CHE,
he is on the case.
I do think it is worth taking some short profit and hedging the short for a Nov 30
one day wonder.
Chart is dated wrong, should be 11/23 close.
Oh, weekly %R just passed through 50 with Weds failure, failures stacking up,
can W%R get to -100 in three days, is it 55% of the way through?
