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Just a Quick Update

bear market continues

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#1 fib_1618

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Posted 12 October 2023 - 07:56 PM

The global and US sector charts continue to be very weak after this past week's relief rally with technical snapbacks now complete. Much of this past week's buying imbalance has been inspired by the tech sector as those who missed the rally in these areas of investment in the first half of the year believe that this is a golden opportunity to participate. Next couple of sessions will tell the tale of what to expect for the rest of October, but my "spidey sense" is tingling that there's much more downside still yet to come.

 

FWIW

 

Fib


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#2 pdx5

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Posted 12 October 2023 - 08:11 PM

I remember posters said many moons ago inflation is over. I am not feeling that while shopping. 

Some items which cost less than $3 couple of years ago are now  $5.45 as of yesterday.

Inflation does not affect my lifestyle coz I have no debts, but I can imagine how ordinary people must be feeling the squeeze.

The 2 hot wars will not help inflation go away. Trade safely. This is not a good time to thump your chest. 


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#3 Rogerdodger

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Posted 12 October 2023 - 10:10 PM

Mortgage rates hit 23-year high and home prices show few signs of cooling...  

affordability hit a 38-year low in September.

 

Consumer prices rose 0.4% in September, more than expected

 

The Federal Deficit Is Even Bigger Than It Looks


Edited by Rogerdodger, 12 October 2023 - 10:12 PM.


#4 K Wave

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Posted 13 October 2023 - 06:24 AM

Only thing holding up the Housing ponzi at this point is trapped sellers and artificially lower inventory due to it.

 

No one can afford to sell their house with its 3% mortgage and move to another one at 8%...

 

This is likely to be a long slow malaise ...but Homebuilder stocks look like they are now finished with the echo bubble run.. so early warning there...

 


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#5 OEXCHAOS

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Posted 13 October 2023 - 08:53 AM

Nothing is linear these days.


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#6 blustar

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Posted 13 October 2023 - 10:13 AM

The global and US sector charts continue to be very weak after this past week's relief rally with technical snapbacks now complete. Much of this past week's buying imbalance has been inspired by the tech sector as those who missed the rally in these areas of investment in the first half of the year believe that this is a golden opportunity to participate. Next couple of sessions will tell the tale of what to expect for the rest of October, but my "spidey sense" is tingling that there's much more downside still yet to come.

 

FWIW

 

Fib

I still think we see higher prices next week, at least that is what the astro/cycle/wave pattern tells me, but then we may have the drop you and I are looking for into November. Thanks for the update.


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#7 MDurkin

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Posted 13 October 2023 - 12:39 PM

Thanks for the update.



#8 Rogerdodger

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Posted 13 October 2023 - 02:33 PM

Home owners

 

Zillow stock needs a pillow!

 

$212 to $41 and falling

 

https://schrts.co/MNvpkrvu


Edited by Rogerdodger, 13 October 2023 - 02:37 PM.


#9 pdx5

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Posted 13 October 2023 - 09:15 PM

Home owners

 

Zillow stock needs a pillow!

 

$212 to $41 and falling

 

https://schrts.co/MNvpkrvu

damm damm Zillow has such a nice high estimate for my abode, in case I decide to downsize into a high HOA condo or sumting.


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

#10 MDurkin

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Posted 20 October 2023 - 05:37 PM

Good call  spidey ...







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