So far the market action has been fairly transparent. Stocks such as Tesla which have been down during the year got hit hard for tax selling. Tax selling was done yesterday to get settled by Friday. Just as expected market is rising today. Where is the surprise?
Mercury Retro lows?
Started by
senorBS
, Dec 28 2022 12:41 PM
15 replies to this topic
#11
pdx5
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I want return OF my money more than return ON my money
Posted 29 December 2022 - 11:17 AM
"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule
#12
linrom1
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Posted 29 December 2022 - 11:25 AM
So far the market action has been fairly transparent. Stocks such as Tesla which have been down during the year got hit hard for tax selling. Tax selling was done yesterday to get settled by Friday. Just as expected market is rising today. Where is the surprise?
I'd like to see it turn into short covering panic.
#13
bigtrader
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Posted 29 December 2022 - 11:54 AM
Stan Harley bottom 12/30 could be playing out. I am not sure that he has not changed his forecast, but, this was his cycle bottom from several months ago.
He also had Thur of last week for a low.
No longer interested in debating with IGNORANT people.
#14
blustar
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blustar
Posted 29 December 2022 - 12:25 PM
The way this thing is looking to me, I think we go up into the end of day on the 30th, perhaps as high as 3933 SPX. There is the FQ moon tomorrow, and a Helio Bradley. The VIX players are just beginning to capitulate, too. My software program suggests ideally a Jan 12 Impulse Low and to go a step further, a Jan 20 Irregular Low (just before the new moon on the 21st). I'm thinking we go down more than most (including me) are thinking in January. Maximum pain (I think) is in the 2750-2900 range. I'm not making a prediction, only a hunch...also the astro/cycles are, let's say, nasty going all the way into March. I'm thinking we could go into the 1800's SPX, 1810-1865 by March/April? Again not a prediction, just a hunch. IYB posted here recently and he believes what we see soon will be worse than 2000-2022 and 2007-2009. I'm inclined to agree.
#15
senorBS
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Posted 29 December 2022 - 12:41 PM
Like what I see "so far" for a potential low (possibly int term) in gen mkt. Interesting SMH action - did we see a gap fill from Nov 9, a wave v of c to end a correction, AND a right shoulder of a multi-month bottom? Muy interesting action
Senor
#16
blustar
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blustar
Posted 01 January 2023 - 03:08 PM
Looks like the set up for a blow off top on the 3rd of January. I keep thinking 3933 SPX, we'll see. Beware the bull trap! Jan 03-23, 2023 = massive down move in the stock market.
