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This chart NAILED IT!


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#1 Rogerdodger

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Posted 24 January 2022 - 01:56 PM

Hat's off to Terry Laundry's idea of a "ringing cycle".

I posted this many months ago and several times.

I thought I would wait for the bottom to drop out of the "box" before getting excited about any serious shorting.

Seasonal strength is just ahead of us.

Mike Burk "Seasonality indicates this decline has another week or two to go followed by a nice rally into mid April."

Can price get back into the box before a real plunge?

It seems like the NYA gives a more complete market picture than the 30 stock  INDU or Spx 500.

 

Will Armstrong be right again?

Gold and The Great Depression of 2022. Martin Armstrong - Nov. 20, 2020

 

NYA-NAILED-IT.jpg


Edited by Rogerdodger, 24 January 2022 - 02:33 PM.


#2 brucekeller

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Posted 26 January 2022 - 01:48 AM

Kinda crazy how symmetrical that MACD histogram was for the last part of the cycle. Totally normal and not manipulated by buybacks and QE or anything.