5 replies to this topic

[andr99]

I was waiting for a bullish reversal to occurr in two or three trading days. Simply because I considered that there will be a nice last rally leading us to a long term top

early next year. The reversal didn' t appear at the start of September as expected, but closer to mid month which was my second favourite option when the first one

decided to fail and on the 10th of September I wrote that the reversal might have occurred at any moment. Well, it's not always easy to have surgical precision and I'm

not desperate if I don't  have it, that's why I avoid futures and trade stocks, however the fact that the reversal occurred, corroborates my idea that this one is the last hurrah

and next year we will start to have big problems. When I say big, I mean BIG.      

Edited by andr99, 14 September 2024 - 12:34 PM.

[Waver]

You have been good from what I have read from your posts

Great Job

When you say early, you are expecting Q1 long term top?

[andr99]

You have been good from what I have read from your posts

Great Job

When you say early, you are expecting Q1 long term top?

 

yes, but this is what I think in this moment and I tend to adapt my thoughts to the market along the way. Market's action from now till early next year will be crucial to confirm or not the suspects I have

about an economy that will fall on its knees. I would like to see a divergence forming in the weekly macd and the stock market in distribution mode for a while before arguing that my suspects have a

good chance to be realistic.   

Edited by andr99, 15 September 2024 - 09:16 AM.

[Waver]

Good approach
Makes sense

[Rogerdodger]

"They" just gotta keep it up before Tuesday, November 5, 2024 smelling like a rose.

 

From https://advisor.morg...ction years.pdf

 

U.S. Presidential Election Results
Average
Return
A Republican was Elected 15.3%
A Democrat was Elected 7.6%
All Election Years 11.28%

 

Observations
There have been 23 elections since the S&P
500 Index began. In these election years:
• 19 of the 23 years (83%) provided positive
performance
• When a Democrat was in office and a new
Democrat was elected, the total return for
the year averaged 11.0%
• When a Democrat was in office and a
Republican was elected, the total return for
the year averaged 12.9%

Edited by Rogerdodger, 15 September 2024 - 02:47 PM.

[da_cheif]

nov 5 2032      ,,,watch the sky