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#1 nimblebear

nimblebear

    Welcome to the Dark Side !

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Posted 05 February 2014 - 09:14 PM

http://www.zerohedge...until-september

Not only the long term analogue but also the short term 23 day analogue is right on cue....

"23 days aligns with the low end on Monday. And subsequent to that, we had a four-day rally, and then the market unraveled — went down 48%. We are currently at that inflection point. Like I said, so far, everything is aligned. We think the next two to three days are extremely critical." T.D.

then BOFA adds its own twist....

BofAML notes,

Presidential Cycle Year 2 weaker into the mid-term election ahead

2014 is the second year of the Presidential Cycle. Year 2 is the second weakest year of the cycle and is up on average 4.5% (1.1% median return) for the year and up 57% of the time. If the US equity market follows the Presidential Cycle in 2014, there is a potential selling opportunity in April/May and a potential buying opportunity in September/October.

(looks like the 'typical sell in May, go away.' But maybe it should have been, 'sell yesterday or you'll be in the way' ? That is of the onslaught of sellers about to hit the exits. )
OTIS.