7 replies to this topic

[OEXCHAOS]

Check it out.

https://schrts.co/CJqPpTBK

[pdx5]

It should be 99%. This bear market has been more obvious than any others in my 60 years trading stocks,

as soon as the inflation numbers became known. I have never seen a bull market with 8% inflation.

Edited by pdx5, 22 September 2022 - 12:15 PM.

[beta]

Check it out.

https://schrts.co/CJqPpTBK

and they’ve been right for the past 600 points.  

 

bullz have forgotten what a two way market looks like. 

[andr99]

the model has two variables, not just one. The first variable is inflation, the second one is time i.e. for how long inflation remains at 8%. If it stays there for a minimal amount of time it will be unable to make important damages to the economic growth. If it is transitory the stock market might have already priced in the whole consequences and might be headed higher. In any case with 60% bears around, at least a short squeeze is due.  

[andr99]

by the way there are three gaps to fill for the spx which lately fills every gap it makes and the last one to close is slightly below the august high

[OEXCHAOS]

Nothing happening yet BUT, AAII hasn't been this Beared up since the 2009 low.

I'm not thinking we are near the ultimate low, but a low of some sort is possible if we can get a speck of good news.

[pdx5]

Edit

Edited by pdx5, 23 September 2022 - 04:31 PM.

[pdx5]

Mark, there is no good news possible until November elections are over. Inflation is not going to drop suddenly. Never dropped in 1970's for many years.
Russia just called up reservists. War will escalate if anything. FED has no choice except keep raising rates. Ok so FED may switch to 1/2 % instead of 3/4 %. That is not good news because interest rates will be higher by 1/2%, not stay same.

Edited by pdx5, 23 September 2022 - 04:33 PM.