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Complex Bottoming, Part 2: Nearer to a sustainable LOW


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#1 dTraderB

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Posted 09 October 2022 - 09:34 AM

This bottoming process could go on for another few weeks BUT MY FF is this will be the final attempt at 

a NEW LOW In 2022 and markets will rally afterwards.

But, difficult to see this as a V-shaped rally going above ES 4250-4300

 

I am building a VERY BIG LONG POSITION. I could wait to try to predict the LOW but 

my 35 years of trading warns me against that. 

 

I have a small HEDGE short  - 1 each ES & NQ and will try not to add to this unless 

the LONG position gets much larger. 

 

As always, geopolitical issues & events can smash all predictions etc



#2 andr99

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Posted 09 October 2022 - 09:49 AM

less than another week, by next Friday 


forever and only a V-E-N-E-T-K-E-N - langbard


#3 dTraderB

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Posted 09 October 2022 - 09:50 AM

Have a great weekend! Back to square 1. Last week #ES_F lost Junes low then reclaimed it triggering a 250 point squeeze. On Friday, we re-tested it. Decision time Plan: 3630=support. Looking to 3730. It clears, Oct rally survives to 3770+. 3630 fails, we see 3595, gate to 3475

 



#4 dTraderB

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Posted 09 October 2022 - 09:51 AM

 
 
 
 
 
hN65_xGU_normal.jpg
 
It also should have been seen back then, by the honchos at Treasury, that borrowing at that rate for 30 years would have been a great deal for taxpayers. But pols are too shortsighted.
Quote Tweet
 
 
 
 
 
 
d4436398764886721d406c526e910d94_mini.jp
 
Jay Kaeppel
 
@jaykaeppel
·
Oct 8
Why have bonds been hammered? Look at the logarithmic chart of yield on 30-yr treasuries. In retrospect, it should have been obvious in March 2020 that locking in a return of 0.84% for 30 years was a bad idea. Since the peak, ticker ZROZ is down -55%. A painful for too many.
 
 
 
 
 
hN65_xGU_normal.jpg
 
It also should have been seen back then, by the honchos at Treasury, that borrowing at that rate for 30 years would have been a great deal for taxpayers. But pols are too shortsighted.
Quote Tweet
 
 
 
 
 
 
d4436398764886721d406c526e910d94_mini.jp
 
Jay Kaeppel
 
@jaykaeppel
·
Oct 8
Why have bonds been hammered? Look at the logarithmic chart of yield on 30-yr treasuries. In retrospect, it should have been obvious in March 2020 that locking in a return of 0.84% for 30 years was a bad idea. Since the peak, ticker ZROZ is down -55%. A painful for too many.


#5 dTraderB

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Posted 09 October 2022 - 09:53 AM

Who is/are propping up BITCOIN?

 

 
My latest Chart In Focus article, "COT Report Data Work Backwards in Bitcoin", is posted at https://mcoscillator.com/learning_center/weekly_chart/cot_report_data_work_backwards_in_bitcoin/.
 

 


 

 
 
 
 
 
hN65_xGU_normal.jpg
 
It also should have been seen back then, by the honchos at Treasury, that borrowing at that rate for 30 years would have been a great deal for taxpayers. But pols are too shortsighted.
Quote Tweet
 


#6 dTraderB

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Posted 09 October 2022 - 09:54 AM

Down by less than 100, higher low - so far.... one final plunge will do it

Looking for ES 3540-50

 

McClellanOsc_1401.gif



#7 dTraderB

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Posted 09 October 2022 - 09:56 AM

Interesting....  

 
Replying to
Here's a 10 year perspective of $CPCE


#8 dTraderB

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Posted 09 October 2022 - 09:57 AM

Getting there, should get to extreme bearishness soon

 

 
Saturday Poll. The next 100 points for the S&P?
  •  
    UP
    42.9%
  •  
    DOWN
    57.1%
4,450 votes·Final results
 
 
 
 

 

Interesting....  

 
Replying to
Here's a 10 year perspective of $CPCE

 



#9 dTraderB

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Posted 09 October 2022 - 10:00 AM

Callum Thomas

 
Your equities view/positioning is (primary reason in brackets):
  •  
    Bullish (Fundamentals)
    15.6%
  •  
    Bullish (Technicals)
    14.8%
  •  
    Bearish (Fundamentals)
    55.6%
  •  
    Bearish (Technicals)
    13.9%
1,206 votes·6 hours left


#10 dTraderB

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Posted 09 October 2022 - 10:01 AM

Your *bonds* view/positioning is (primary reason in brackets): [Bearish = rising yields] [Bullish = falling yields]
  •  
    Bullish (Fundamentals)
    27.1%
  •  
    Bullish (Technicals)
    13.3%
  •  
    Bearish (Fundamentals)
    51.2%
  •  
    Bearish (Technicals)
    8.4%
737 votes·6 hours left
Your *bonds* view/positioning is (primary reason in brackets): [Bearish = rising yields] [Bullish = falling yields]
  •  
    Bullish (Fundamentals)
    27.1%
  •  
    Bullish (Technicals)
    13.3%
  •  
    Bearish (Fundamentals)
    51.2%
  •  
    Bearish (Technicals)
    8.4%
737 votes·6 hours left