imo
around 15th of May the start of the new leg down
Started by
andr99
, May 12 2020 10:43 AM
10 replies to this topic
#1
andr99
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Posted 12 May 2020 - 10:43 AM
forever and only a V-E-N-E-T-K-E-N - langbard
#2
andr99
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Posted 12 May 2020 - 12:05 PM
in other words there's no manipulation by any central bank and its friends and friends of the friends that can save this market from another low
forever and only a V-E-N-E-T-K-E-N - langbard
#3
tommyt
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Posted 12 May 2020 - 12:29 PM
A corrective phase had started a few days ago. Breadth started slipping away, getting worse each day...price will follow next. It will accelerate
after expo is over this Friday.
#4
Russ
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Posted 12 May 2020 - 06:06 PM
It has started already after 5 waves up on the retracement rally, then a double top, this things going down again.
"Nulla tenaci invia est via" - Latin for "For the tenacious, no road is impossible".
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
#6
Ken
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Posted 12 May 2020 - 08:00 PM
I don't know what will happen but I'm heavily short the stock market.
Does anyone here follow Raymond Merriman? There is something he wrote a few weeks ago that really stuck in my mind. He basically stated that around May 15th (Venus, Jupiter and Pluto all turn retrograde May 10-14, so allow a week) there would likely be a major market reversal. The stock market has been moving up for the last 8 weeks so obviously the reversal would be back down. Why would this occur? According to Merriman, this major market reversal around May 15th will be "related to announcements by central bank and/or government leaders involving fiscal and/or monetary policies."
#7
Russ
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Posted 12 May 2020 - 08:34 PM
Advance Decline does not look strong... 
Edited by Russ, 12 May 2020 - 08:39 PM.
"Nulla tenaci invia est via" - Latin for "For the tenacious, no road is impossible".
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
#8
tradesurfer
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Posted 12 May 2020 - 09:28 PM
Saturn might be retrograde too.
Powell is speaking tomorrow morning at 9am. I think he will say something that pisses markets off.
Armstrong is also saying that next week we retest support.
I don't know what will happen but I'm heavily short the stock market.
Does anyone here follow Raymond Merriman? There is something he wrote a few weeks ago that really stuck in my mind. He basically stated that around May 15th (Venus, Jupiter and Pluto all turn retrograde May 10-14, so allow a week) there would likely be a major market reversal. The stock market has been moving up for the last 8 weeks so obviously the reversal would be back down. Why would this occur? According to Merriman, this major market reversal around May 15th will be "related to announcements by central bank and/or government leaders involving fiscal and/or monetary policies."
Edited by tradesurfer, 12 May 2020 - 09:33 PM.
#9
K Wave
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Posted 12 May 2020 - 10:14 PM
This Dow chart suggests possibly otherwise...big rejection at 900 day along with MACD crossover...
Now if Dow were to climb out over 900 day along with MACD turn back up, then bulls might have some talking points near term....
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#10
diogenes227
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Posted 13 May 2020 - 10:55 AM
What's the NYMO/NYSI doing?
Posted Monday:
"If you've heard this story before, don't stop me because I'd like to hear it again," Groucho Marx (on market history?).
“I've learned in options trading simple is best and the obvious is often the most elusive to recognize.”
"The god of trading rewards persistence, experience and discipline, and absolutely nothing else."
