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Second Warning

Technical Breakdowns Galore

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#1 fib_1618

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Posted 25 May 2023 - 08:04 PM

While the NASDAQ and NDX continue to streak higher, both are doing so with very little underlying support and broader based market weakness.

 

The whole sequence from the beginning of May has the same foul stench of the 2000 top with the same fundamental and sectors driving it.

 

So if you're long here, be mighty careful with solid sell stops highly suggested.

 

And, no, this hasn't been anything near a bull market since the January 21, 2022 top.

 

In fact, things seem to be shaping up to be a more ferocious bear sequence then I originally thought it could be when we had last year's kick off.

 

Have a great weekend!

 

Fib

 

 

 

 

 

 


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#2 slupert

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Posted 26 May 2023 - 06:17 AM

Most stocks are down, as NVDA enters fantasy land. Stocks like AMD will spend some bundle to catch up with NVDA, but where is the revenue for the rest, when???



#3 dTraderB

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Posted 26 May 2023 - 06:52 AM

Agreed, JUNE could be a big DOWN month

https://www.marketin...ce-decline-line



#4 12SPX

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Posted 26 May 2023 - 08:13 AM

Is starting to look very interesting for the summer!!  I'm thinking if we do see a credit downgrade after the whole thing is done that is where we could see a huge sell off...



#5 MDurkin

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Posted 26 May 2023 - 08:23 AM

Thanks Dave.



#6 linrom1

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Posted 26 May 2023 - 02:48 PM

What Is a Crack-Up Boom?

A crack-up boom is an economic crisis that involves a recession in the real economy and a collapse of the monetary system due to continual credit expansion and resulting in unsustainable, rapid price increases. This concept of a crack-up boom was developed by Austrian economist Ludwig von Mises as a part of the Austrian business cycle theory (ABCT).1

 

The crack-up boom is characterized by two key features: 1) excessively expansionary monetary policy that, in addition to the normal consequences described in ABCT, leads to out-of-control inflation expectations and 2) a resulting bout of hyperinflation which ends in the abandonment of the currency by market participants and a simultaneous recession or depression.


Edited by linrom1, 26 May 2023 - 02:49 PM.