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Mercury Retro lows?


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#1 senorBS

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Posted 28 December 2022 - 12:41 PM

I am no astro guy but I have to ponder with the Merc retro Dec 29 situation and severe tax selling if we might not get a low in many markets, including gen stock mkt. For example, the Semis (SMH)look like a clear 5 up off the years Oct low (A or 1) and now a wave B or 2 retracement may be near completion and it also looks like the potential right shoulder of a large Head and Shoulders bottom. Assuming things like gold/silver/oil may be putting in secondary lows as well? just food for though, we see

 

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#2 tradesurfer

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Posted 28 December 2022 - 01:24 PM

it looks like we are approaching a low but we have *not* seen any big fat finger type of print or price bar or capitulation bar on the downside.

 

You have tesla down day after day and apple chasing it behind... QQQ hovering or dancing near the edge of a cliff....

 

seems like we need a huge fat finger print first to coincide with the 2 day orb of mercury retrograde.

 

Martin A  has next week as a panic cycle week and as a peak in volatiility or turning point...

 

and blustar is saying we are going to get a huge VIX spike which so far is not showing its face



#3 12SPX

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Posted 28 December 2022 - 01:30 PM

I don't know not seeing it exactly, I've been watching Oldsmobile and its saying grind grind grind lol!!!



#4 tradesurfer

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Posted 28 December 2022 - 01:31 PM

But I do see the risk of a fat finger event next two days as fund managers want to LOCK their crappy numbers for the year and not let them slide into even worse closing prints....  could be an avalance....



#5 pdx5

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Posted 28 December 2022 - 01:58 PM

With 5000+ BILLIONS LOST in just 4 stocks in 2022 (Apple, Tesla, Amazon & Meta), tax loss selling should be a factor this week.

Then consider $8+ Trillion lost in SPX stocks in 2022 Santa must be busy fixing flat tire on his sleigh.

Edited by pdx5, 28 December 2022 - 02:02 PM.

"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule

#6 slupert

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Posted 29 December 2022 - 08:43 AM

T plus 2 rule is over, makes  no sense to sell. Settlement date will be next year.



#7 slupert

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Posted 29 December 2022 - 08:47 AM

Also look at the yield curve starting to deinvert, the first glimmer of hope. Might not last but its something better than what we've had. (JMHO)



#8 12SPX

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Posted 29 December 2022 - 09:54 AM

Yup, looks like Buick is confirming it, grind down, grind up and all around lol!!! 



#9 blustar

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Posted 29 December 2022 - 10:07 AM



it looks like we are approaching a low but we have *not* seen any big fat finger type of print or price bar or capitulation bar on the downside.

 

You have tesla down day after day and apple chasing it behind... QQQ hovering or dancing near the edge of a cliff....

 

seems like we need a huge fat finger print first to coincide with the 2 day orb of mercury retrograde.

 

Martin A  has next week as a panic cycle week and as a peak in volatiility or turning point...

 

and blustar is saying we are going to get a huge VIX spike which so far is not showing its face

Yesterday I told you that we had not seen the final move up of this sideways [b] wave and that I was seeing a low transpire late in the day. All my evidence suggested a great possibility of a 29/30th top, but in no case earlier than late Thursday the 29th. We have to take out 3888/89 SPX in my work to take out "w". Watching.



#10 linrom1

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Posted 29 December 2022 - 10:26 AM

Stan Harley bottom 12/30 could be playing out. I am not sure that he has not changed his forecast, but, this was his cycle bottom from several months ago.