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#1 K Wave

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Posted 22 May 2022 - 09:13 AM

At perhaps one of the most important inflection points in its history...

 

As I like to watch everything I can for clues, THIS ONE could be a big tell....

 

As long as bulls can hold pretty much RIGHT HERE, then possibility a raging long term bear market does not develop.

 

BUT....if it pitches it over the side here...buckle up for perhaps one of the greatest Breakout...oops...Fakeouts ever.

 

Daily

 

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Weekly

 

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The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#2 K Wave

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Posted 22 May 2022 - 09:16 AM

 Still think things look way too much like 1982 IN REVERSE on so many fronts...

 

We may be about to find out for real...


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#3 pdx5

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Posted 22 May 2022 - 09:43 AM

I don't see many parallels between now and 1982. Most important difference we had Volcker in 1982.

In 2022 we have Powell at FED and Yellen at Treasury. YUGE difference.

Another difference, we had Reagan in office in 1982. Now we have Brandon. Another YUGE difference.

In 1982 one could get double digit yield. Now yield rates are 600 basis points below inflation.

 

But I can agree totally we are at an inflection point. My feeling is SPX has to drop around 3500 to find substantial support.


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

#4 K Wave

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Posted 22 May 2022 - 10:42 AM

I don't see many parallels between now and 1982. Most important difference we had Volcker in 1982.

In 2022 we have Powell at FED and Yellen at Treasury. YUGE difference.

Another difference, we had Reagan in office in 1982. Now we have Brandon. Another YUGE difference.

In 1982 one could get double digit yield. Now yield rates are 600 basis points below inflation.

 

But I can agree totally we are at an inflection point. My feeling is SPX has to drop around 3500 to find substantial support.

Someone does not understand the words IN REVERSE laugh.png


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#5 pdx5

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Posted 22 May 2022 - 12:57 PM

Hahaha missed that reverse completely 😂🤣😃
"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule

#6 steadyquest

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Posted 22 May 2022 - 04:09 PM

One should hope it is a successful backtest of the blue cone - our currency wouldn't long survive the printing of $7,000,000,000,000 every 2 years just to keep the bubbles inflated.  10% higher and it bumps up against the pink cone.  But after it climbs on top of that we should be home free ;-)  Those are continuation patterns aren't they?

 

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