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Univ Michigan Consumer Confidence BROKEN


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#1 SemiBizz

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Posted 12 November 2021 - 10:15 AM

Welp... here is the projection I made on 8/13/21 chart.

 

Now there's NO DOUBT about this...

 

CONFIRMED BY A BREAK OF THE 2020 "B" POINT at 67

 

TODAY'S READING 66.8

 

DOWN WE GO !!

 

1432013416_consumersentimentbreakdown081


Edited by SemiBizz, 12 November 2021 - 10:15 AM.

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Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"

Volume is the only vote that matters... the ultimate sentiment poll.

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#2 12SPX

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Posted 12 November 2021 - 10:24 AM

Wow, really understandable when you have to fight the government for everything!! 



#3 da_cheif

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Posted 12 November 2021 - 11:06 AM

justa nuther brick in the wonderful wall of worry......watch the sky...snort



#4 linrom1

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Posted 14 November 2021 - 11:02 AM

Welp... here is the projection I made on 8/13/21 chart.

 

Now there's NO DOUBT about this...

 

CONFIRMED BY A BREAK OF THE 2020 "B" POINT at 67

 

TODAY'S READING 66.8

 

DOWN WE GO !!

 

1432013416_consumersentimentbreakdown081

I haven't looked at this chart since 2009.....but May 2021 was the orthodox market peak even though it was not peak for Fed's liquidity.



#5 Darris

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Posted 15 November 2021 - 11:33 PM

Interesting comparison by Thrasher.  https://stockcharts....93257&listNum=1



#6 SemiBizz

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Posted 28 November 2021 - 11:44 AM

Looks like 55 will be here by January...


Price and Volume Forensics Specialist

Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"

Volume is the only vote that matters... the ultimate sentiment poll.

http://twitter.com/VolumeDynamics  http://parler.com/Volumedynamics