8 replies to this topic

[Rogerdodger]

Last week's "Best Seasonality of the year" was spot on.

What's next?  Yin Yang

 

Mike Burk:

"The market is overbought.

Seasonally next week is traditionally one of the worst of the year."

 

Shorts just might get "Money up their Ying-Yang"  next week! (Different than Yin Yang)

 

Edited by Rogerdodger, 15 July 2023 - 02:17 PM.

[GDA]

Once again, keep in mind that he uses Years of Presidential cycle as basis for seasonality data.

[Carl]

Years of Presidential cycle as basis for seasonality data or not he was right!

[Rogerdodger]

Years of Presidential cycle as basis for seasonality data.

 

My guess is that some differences could be just by chance. Outliers (wars, etc) can also skew the average of historical statistics.

But it's maybe more likely that the powers that be, manipulate the markets (up or down) in the lead up election season, to influence future election outcomes. Presidential election is every 4 years, Congress every two years.

(Free money schemes, Student Loan forgiveness, or Covid closures with more free money, etc...)

 

Either way, I don't take cruises during hurricane season.

(Unless it's a really good deal! LOL)

Edited by Rogerdodger, 15 July 2023 - 01:31 PM.

[Rogerdodger]

Besides Seasonality, As Mike Burk noted, the market looks overbought s/t:

PS: Thanks Chili for the 2 hour chart!

Edited by Rogerdodger, 15 July 2023 - 01:32 PM.

[Rogerdodger]

PS: I am still curious to see if that huge "T" ending the first of August is valid or not.

I have seen many T's nearing their end with pullbacks, only to rally just in time.

(Similar to Mike Burk's July chart seen above)

Edited by Rogerdodger, 15 July 2023 - 02:24 PM.

[redfoliage2]

Besides Seasonality, As Mike Burk noted, the market looks overbought s/t:

PS: Thanks Chili for the 2 hour chart!

Looking at SPX and NAZ daily charts indicators such as BB, RSI, and CCI are pointing to a near term pullback with a 90% probability.

[blustar]

PS: I am still curious to see if that huge "T" ending the first of August is valid or not.

I have seen many T's nearing their end with pullbacks, only to rally just in time.

(Similar to Mike Burk's July chart seen above)

I looked at Landrey's T to the MC Osc and got July 28 for the next low

[Rogerdodger]

I looked at Landrey's T to the MC Osc and got July 28 for the next low

That's close enough for me.

There are various interpretations and "rules" in T Theory.

Your Guess is as good as mine.

The host of the T Theory website seemed to question a bit the validity of the Early August date.

It would be the first one like this (this long) that I have ever seen.

Another member here pointed it out to me many weeks ago.

My simple "Horseshoes and hand grenades" method looks for extreme highs in the MACD of the NYUD to be followed by an extreme low.

That time frame is then mirrored to possibly locate the end date of that T.

NOTE:(The last extreme low NYUD dot from Friday is not the final from Friday,)

 

T-Theory Thoughts – A place for the old and slow to reach investment decisions, dedicated to the teachings of Terry Laundry

The 2023 T Theory Main Chart has become messy. I may remove some of the notes. Right now, I can’t confirm that we are in a T based on my methods, although some students of T-Theory may have a different opinion. Is it still possible that we are in a longer T which will last until the beginning of August? Possibly:

Edited by Rogerdodger, 16 July 2023 - 10:25 AM.