12 replies to this topic

[andr99]

climbing with their money the wall of worries......

 

welcome to the world of prestidigitation......the stock market.....moved by few strong hands 

[andr99]

the world of prestidigitation is the world where nothing is what it appears to be. The most obvious pattern is the one that will certainly fail

[andr99]

 

the spider tailed viper is a perfect example, taken from nature, of how the stock market works 

 

they make you watch what they want you to watch and then they trap you with no mercy

[andr99]

so the question is : what are they trying to make you watch right now in the spx ? 

 

the spx is gaining space upside with enormous difficulty little by little everyday so that everyone is waiting for it to crash. But it doesn't.......

 

how long can this thing go on ? a lot of time I guess

Edited by andr99, 09 June 2023 - 06:18 AM.

[steadyquest]

Here's a 9X inverse fang chart of the AI rally.

 

 

Here's a weekly from october.

 

 

On a longer term, it looks as though the market settled into a channel following the dot-com crash, then was derailed by the subprime crime.  With help from QE it regained and held the channel.  Then the covid stimulus drove it through the top and on to the top of the next-level channel.  Along with the stimulus came a large surge of inflation, reducing the value of the dollars that price the market.  It doesn't seems unreasonable to conclude that the top channel could now become the new normal due to the sudden debasement of the dollar.  In that case, the current market level could be the launch pad to much higher prices ahead.  On the other hand, if the original channel remains in force the market could be near a top, and if the economy hits the skids a bear market could ensue.  I'm expecting the former i.e., more free lunches for the gamblers at the expense of the risk-off crowd - retirees and other prudent savers - but you never know...

 

      

[da_cheif]

i c andre knows his stuff about how the boys get from wholesale to retail with as few aboard as possible;;;;;;yes indeed an amazing feat of

prestidigitation........snort

[steadyquest]

The boys are also adept at loading the bus at market tops - we could presently be accelerating toward one of those events.

[andr99]

The boys are also adept at loading the bus at market tops - we could presently be accelerating toward one of those events.

 

at market tops they spread optimism, not fear.......we could be ''accelerating to one of those events'' if they were spreading optimism which has no place on the media in this moment 

Edited by andr99, 12 June 2023 - 12:12 PM.

[steadyquest]

"optimism which has no place on the media in this moment" ???

 

What about AI exuberance - and most of the pundits are already on board regarding a fresh bull market getting underway - Kolanovic and Wilson are about the last of the holdouts - shouldn't take too much more to get them to flip.

[andr99]

wait for spx 4600 and you will see how many ''double top in the making'' calls you get