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1970's bear market


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#1 CLK

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Posted 05 November 2022 - 12:36 PM

Do people here ignore or forget that
the bear in the 70's was an expanding wedge with new highs and new lows.
This does not have to follow 2007-2009, we could hit 4900 and move to 3k over the next year. It probably won't, but you can't count on that,
2007 was low inflation.

#2 CLK

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Posted 05 November 2022 - 12:44 PM

The whole 2000-2009 was another expanding wedge bear market for that matter.

#3 CLK

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Posted 05 November 2022 - 01:02 PM

On the monthly, this move looks more corrective than anything, there needs to be a crash type month from 4200-4400 area that prints 3200 in one month for this to resolve lower.

#4 CLK

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Posted 05 November 2022 - 01:27 PM

Looks bullish to me on the weekly,
I would expect 4300-4400 by month end.

#5 K Wave

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Posted 06 November 2022 - 02:02 PM

Decision at Rusty 1800 tonight could decide the whole enchilada...

 

Love that close on Friday...1799....:lol:


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#6 K Wave

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Posted 06 November 2022 - 02:05 PM

Meanwhile this is what is actually happening out there...

 

Meta backs out of plan to occupy 589K sf in Austin

 

Good luck with that sublease META...in the imploding Austin RE market.

 

https://therealdeal....k-sf-in-austin/

 


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#7 12SPX

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Posted 07 November 2022 - 08:44 AM

Whew people are predicting some big swings for this week, your way up here, blue and red are way down on another thread.  I'm sticking with my grind grind grind mode till year end with an upward bias....



#8 CLK

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Posted 07 November 2022 - 05:17 PM

The Dow failed at the 200ma and reclaimed it today, SPX ITBM
looks like there is more to go
on the upside instead
of turning down.

#9 CLK

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Posted 08 November 2022 - 12:29 PM

I can see the Dow "leading" this going to 40k and the rest barely new highs except Nasdaq, then the sell to 3k comes.

#10 K Wave

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Posted 08 November 2022 - 12:54 PM

I can see the Dow "leading" this going to 40k and the rest barely new highs except Nasdaq, then the sell to 3k comes.

Has to get past 34K...and MUST hold 32K to have any chance of that.


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy