20 replies to this topic

[gannman]

exactly where i dont know but the market will tell us

[fib_1618]

exactly where i don't know but the market will tell us

 

As always, it all depends on the degree of trend....minute, minor, intermediate, primary...etc etc (said in my best Yul Brynner impersonation)

 

Fib

[gannman]

i think we are in a supercycle dating back to the 1932 bottom this is either a wave 4 correction or the end of the bull imo

 

either way i believe we see a severe decline. monday will be interesting no doubt . whatever it is i believe this correction

 

lasts into march 

[kaiser soze]

Reviewing the charts this weekend, there are many, many signals indicating a bottom. In a NORMAL market correction, Monday-Jan 24 should be either be a large Gap Up and Go, or a capitulatory Gap Down that is bought to mark a multi-week low.

 

If on the other hand, there is a Gap Down that continues to drop after the Open, it would offer a solid signal that something is ABNORMAL about this market action.

[pdx5]

What is abnormal about this market? It is perfect result of Trillions of dollars printed and spent.

Not only there is  waterfall spending, but also ridiculously low interest rates compared to 7% inflation just recorded.

Money can not stay ahead of inflation in Bonds, CD's, saving accounts. So it all has been channeled into stocks and housing.

But now besides the 7% inflation, there is another problem showing up, which is slowing economies all over the world, especially China which just LOWERED interest rate. Very interesting times are straight ahead. Buckle up. 

 

I am not saying market will go straight down. It will have several rallies on the way down.

[MDurkin]

What is abnormal about this market? It is perfect result of Trillions of dollars printed and spent.

Not only there is  waterfall spending, but also ridiculously low interest rates compared to 7% inflation just recorded.

Money can not stay ahead of inflation in Bonds, CD's, saving accounts. So it all has been channeled into stocks and housing.

But now besides the 7% inflation, there is another problem showing up, which is slowing economies all over the world, especially China which just LOWERED interest rate. Very interesting times are straight ahead. Buckle up. 

 

I am not saying market will go straight down. It will have several rallies on the way down.

Yep.

[brucekeller]

Nah, we're going to da moon! lol. I do think we'll get a bounce this Wed after Fed meeting and probably the real bottom in mid March after that meeting which also coincides with quad witch. CPI or something will probably come in much lower and give the Fed a reason to not totally stop QE yet. Some people think for some reason we'll get a rate increase this Wednesday, but that seems kind of impossible since QE is still going on and more stuff needs to be wound down first.

[linrom1]

 

It's seems that 4200 is too easy, but we're getting a bounce followed by some kind final wave down.

[tradesurfer]

Good summary regarding the next THREE trading days price action.

 

The trading setup here the next three days only is very interesting.

 

Can anyone here calculate what price level is needed on sp500 to reach an RSI (14)  value of 23 and 12 ?

 

I want to know what spx500 price we need that equates to an RSI value of 23 and 12 which are the similar values of the 1987 CRASH

 

 

Reviewing the charts this weekend, there are many, many signals indicating a bottom. In a NORMAL market correction, Monday-Jan 24 should be either be a large Gap Up and Go, or a capitulatory Gap Down that is bought to mark a multi-week low.

 

If on the other hand, there is a Gap Down that continues to drop after the Open, it would offer a solid signal that something is ABNORMAL about this market action.

[tradesurfer]

Ok well I figured it out sort of

 

We get and SP500 price of 4000 to reach an RSI value of about 14.

 

I guess that RSI 14 value is only feasible if we close on the lows again Monday, then the Tuesday dump and then maybe fed meeting wednesday spike north.