Jump to content



Photo

Looks Like a Sucker's Play to Me!

SPX

  • Please log in to reply
12 replies to this topic

#11 blustar

blustar

    blustar

  • Traders-Talk User
  • 6,137 posts

Posted 25 January 2023 - 03:50 PM

My bet on the short side was initially good. My problem often repeated is taking too large a position. Because of the size I'll likely exit very soon. Extremely distressing health situation doesn't help. Believe me, I pray. Always do.

 

Anyway Brad, can you at least admit you were wrong? so many collapse predictions by such a date. I still think it's a bear but it can go higher even more. UVIX 4.15

This market has many irregular tops here lately caused by irrationality. Case in point is this week where the Dow 30 and NYSE fails and money flows into tech. This is not a good sign my friend. I may be wrong in the VST but ST, IT and LT I am not wrong. Watch for a big drop on Thursday and the idiots buy it again into Friday. Monday should even get bigger on downside and then Feb 1 into Feb 3 even bigger!


Blessings,

 

blu

BluStar Market Insights Subscriptions

 

 


#12 blustar

blustar

    blustar

  • Traders-Talk User
  • 6,137 posts

Posted 26 January 2023 - 09:31 AM

SPX + 25, Dow +97 (they are shooting the generals again!)

 

Today marks an important Astro/Gann cycle! There have been many overlays since the Dow 30 made its top 8 TD's ago. There is an is  4.5 mo. cycle working here (1/2 of a 9 month), plus the Annual (running about 54 weeks) and the 3 Year (4x9) Running 2 weeks ahead of where it was concerning the Covid top.

 

 The VIX is barely down here and also today represents Thursday Jan 13, 2022 on the fractal (the Dow topped on Jan 13 this year!).

 

These cross currents are coming together to form and important low in Volatility today! This means that an important reversal top is due today (8-2 on the NDX, 8-1 on the SPX and 8 on the Dow 30)!.

 

The Transports are not confirming here and neither is the Dow 30. This looks like a blow off top and yesterday was the 4 TD low which easily can only command 1 TD, we are 5 TD's up off the 16+1 low last week. 

 

The astro aspect today is Venus semi-sextile Pluto, warning of a debt bomb about to go off as the tech trading public are throwing everything they can at these beaten down stocks. Next week on FED day, we have both the FED announcement and a certain cycle rhyming to the day Putin announced his intention to invade the Ukraine.

 

So we have both issues. Germany is sending over Leopard 2 tanks and Biden is sending over Abrams tanks as Germany, France & Porshenko (of Ukraine) all but admits that the Minsk Accord with Russia in 2014 was all a ruse to arm the Ukraine against Russia!

 

Watch for a hard move down a-b-c into my next series of TLC lows due Monday and Tuesday next week. This weekend we have the Sun trine Mars, while it semi-squares Neptune and a hard square to Rahu (activates Uranus again, expect more surprises ahead!). Manic Blow Off to Panic Selling!

 

2da08fba91d048f4aa6e06422b729235.jpeg?t=  
Brad Gudgeon

Blessings,

 

blu

BluStar Market Insights Subscriptions

 

 


#13 skott

skott

    Member

  • Traders-Talk User
  • 4,712 posts

Posted 26 January 2023 - 09:51 AM

 

My bet on the short side was initially good. My problem often repeated is taking too large a position. Because of the size I'll likely exit very soon. Extremely distressing health situation doesn't help. Believe me, I pray. Always do.

 

Anyway Brad, can you at least admit you were wrong? so many collapse predictions by such a date. I still think it's a bear but it can go higher even more. UVIX 4.15

This market has many irregular tops here lately caused by irrationality. Case in point is this week where the Dow 30 and NYSE fails and money flows into tech. This is not a good sign my friend. I may be wrong in the VST but ST, IT and LT I am not wrong. Watch for a big drop on Thursday and the idiots buy it again into Friday. Monday should even get bigger on downside and then Feb 1 into Feb 3 even bigger!

 







Also tagged with one or more of these keywords: SPX