10 replies to this topic

[OEXCHAOS]

We got a Relative VIX Buy Friday, and it's still up there in Buy territory. This is a good bottom Spotter, especially with the "Secret Hedge Fund" Buy (also from Friday).

[12SPX]

hmmmmm really what about those 3 massive spikes what were those??

[LMF]

I think the one on the left side is the Fed rate hike policy error, end of 2018 in December. Similar to where the Fed may be right now with inflation. If the small stocks are on life support, theres no rate hike possible. Powell ends up cooked like a goose. The fruitcake mandate threshold would need to be Atleast 10,000 employees. Slightly more than 100.

Edited by LMF, 30 November 2021 - 11:40 AM.

[OEXCHAOS]

hmmmmm really what about those 3 massive spikes what were those??

The last one was the Covid Bear Market. The first one was the blow-up of those VIX etf's. The middle one was a bona fide Bear (as of 12-17-18). Bear Markets are different. Excesses are excessive.

 

Are we going into a Bear Market? I don't think so, but I could be wrong.

I'm not at all surprised by the test/lower low, as we had too many amateurs Bulled up, but if we're not starting a Bear, we're probably near a good low.

[LMF]

This is another stupidity cycle set in motion because the Fed has to run their mouth all the time, when they know nothing most of the time. Brooklyn is not happy below the 200 day. BKLN pointing the finger at the guilty.

[12SPX]

Funny thing is all government officials are idiots and never get anything right yet people continue to go back to them for the answers which I'm shocked about almost everyday lol!  My biggest concern on the market is calls are still overpriced can't believe with a -88 point S&P and they're still hoping for an upside, when they finally flip I might get more bullish otherwise I'm thinking more of a sideways market to say the least.....then there are those gaps around 4480.....hmmmmm

[12SPX]

whoops sorry 4380...

[MikeyG]

The bear case is dying along with oil pushing toward the mid 60's now. 

Edited by MikeyG, 30 November 2021 - 12:17 PM.

[12SPX]

ya seems like it lol!!!    Although I am long now after my shorts made +85 points lol! 

[LMF]

TNA is now running with a falling 200 day MA, thats what I have used to tell me when the canary is on life support. Theres no Fed rate hikes in that configuration. Zero out to 9 decimals. So we see how it plays out.