14 replies to this topic

[andr99]

we will be gapping up to mark the start of the rise to 4400 spx

[linrom1]

So, not before Cheif's WWW OpEX selloff tomorrow.

[andr99]

I'm not such a sophisticated expert to be able to find out an answer to such a question, but I noticed that those who drive markets as they want, tend to repeat their behavior and so I believe we're going to gap up soon. That makes sense because if you set up a bearish trap, you need a quick huge rise in order to let no one get out of your trap

[steadyquest]

Likewise, if you set a bull trap (Jan. breakout and recent successful backtest) you need a quick huge decline to close the trap and catch the greedy bulls.

 

relevant video from this morning:  https://www.youtube....h?v=sgn-7DELXts

 

homepage:  https://rightsideofthechart.com/

[andr99]

the true pattern which is not a fake is visible on nasdaq

 

https://i.postimg.cc...J/nasdaqinv.jpg

 

that is how I believe this pattern will evolve and how dow and spx will evolve as well

 

my point of view obviously

Edited by andr99, 07 March 2023 - 02:12 PM.

[andr99]

i already said in previous posts that the October low represents the market bottom and now I want to add that we will hear of inflation danger along the whole rise to new highs because the wall of worries is needed to keep the little investors out of the long side. And at every market pause in the rise they will repeat that the market has run too much too fast and a deep correction is necessary. Mothe@@@@@@@s at the n-th exponential   

[pdx5]

My cash is going into 6 month & 1 rear Treasuries on next day after FED announces rate hike in last week of March. I expect market to make new low for 2023 in October. I may buy longs in October-November time frame. But will keep 50% cash for the real bargains coming up in 2024.

Edited by pdx5, 07 March 2023 - 04:45 PM.

[MDurkin]

My cash is going into 6 month & 1 rear Treasuries on next day after FED announces rate hike in last week of March. I expect market to make new low for 2023 in October. I may buy longs in October-November time frame. But will keep 50% cash for the real bargains coming up in 2024.

Smart man.

[fib_1618]

Personally, I see zero reason to park my money into anything that locks me in for any length of time...especially when there are savings rates currently at 75 basis points below 3, 6 and 12 month T-Bills and 1 year CD rates - with no minimum investment and same day liquidity - and especially with the boys and girls in the bond pits still expecting another 1% rise in the Fed Funds rate over the next 3 months.

 

Look for a 1/2% increase in rates at the next Fed meeting in two weeks...this will likely kill off an further bullish tendencies as we go into the second quarter as companies continue to choke on a failed monetary policy that is meant to destroy our capitalistic society.

 

Fib

 

Edit: just noticed that the 2 year note also hit 5% today...that's not a good thing at all.

Edited by fib_1618, 07 March 2023 - 08:55 PM.

[pdx5]

At near 5% the 6 month & 1 year notes will yield 3 times income than my current living expenses. I see no reason to take on risk of capital loss over and above inflation tax. I should not be growing my capital nearing age nearing 83. May be I need a mistress haha.