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No Rest For The Weary
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No Rest For The Weary

by The MoleJanuary 11, 2019

There has been no rest for the weary since we embarked into a new market phase back on January 26th of last year. In fact if you look at the tape ahead of that date and what followed then you probably agree that the contrast could not be more stark. On the left we see a low volatility bull market while on the right we have a high volatility bear or sideways market.

Which is nothing unusual per se as bull markets either run out of buyers via an exhaustion spike or just quietly roll over. Either way a lot of participants get caught with their pants down. And that of course is the general idea.

In response we had to adjust our trading activity significantly since this sudden shift and thus far I think we have coped extremely well. Plus may I propose that ripping the bandaid off quickly far outweighs the alternative, as slow roll overs are capable of luring in a large number of (mostly retail) frogs into the boiling pit looming below.

However it took more than eight months for implied volatility to respond in kind, which speaks to the level of complacency that had permeated investor sentiment over the preceding decade.

The median line I drew on the VIX presents us a clear perspective of investor sentiment ahead and after October 4th 2018. It also shows us that a drop < VIX 16 will be required in order for the bulls to avoid the medium term consequence of a secular bear market.

The Fed seems to finally have seen the light and has begun jawboning about the possibility of a rate reduction should their economic projections warrant it. What makes matters worse however is that market participants increasingly view Chairman Jerome Powell as a pragmatist who simply is reactive as opposed to forward planning like his preceding academics like Greenspan, Bernanke, and even Yellen .

There’s nothing necessarily wrong with that approach, in fact on a continuous basis I would prefer it. After all have we not all been complaining about the Fed goosing equity markets since the 2008 crisis? But understand that over the medium term a reactive Fed without a clearly defined outlook will continue to roil equity markets.

I remain highly skeptical as to the medium term viability of my long campaign, but refuse to make any changes to an ongoing campaign. When in doubt turn off your brain and let your winners run.

Crude was another example of just that. That long entry was tough to take but thus far has paid off very well. I continue to trail a respectable distance away a few ticks below the recent spike low.

Gold hasn’t budget since yesterday and my campaign obviously remains as is.

Quite frankly I don’t want to be lead into over thinking matters as the entry was solid and the medium to long term picture is looking supportive of continuation higher. That does of course not mean it’s procedural.

In order to assure survival as a trader it is tantamount to continuously reflect on the realization that we as human beings are incapable of predicting the future, and exponentially less so as we advance our time horizon forward.

Don’t be a sucker – and simply trade the tape in front of you. In fact the less you obsess about future outcome of price action, the better will be your results. That (and the profits you will be collecting) you can take to the bank.

Losing is part of the game and you need to accept this as your daily reality. Soybeans is a textbook example. Everything looked perfect for a push higher, at least via my lens, but it suddenly tripped and fell off the plate.

I don’t know why it did and neither do I care. It’s not something I could have anticipated and it’s going to happen again. Which is why stop orders exist in the first place.

Enjoy your weekend.

It’s not too late – learn how to consistently bank coin without news, drama, and all the misinformation. If you are interested in becoming a subscriber then don’t waste time and sign up here. The Zero indicator service also offers access to all Gold posts, so you actually get double the bang for your buck.


About The Author
The Mole
Mole created Evil Speculator amidst the chaos of the financial crisis in early August of 2008. His vision for Evil Speculator is a refuge of reason, hands-on trading knowledge, and inspiration for traders of all ages and stripes. You can follow him and his nefarious schemes at the usual social media waterholes.
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  • Jason13

    The slow rollover is very psychologically punishing since it prevents panic and lures in bulls thinking the next pop is coming. The slow climb just produces complacency and invincibility til your naked in the streets. Nice post, Mole.

  • http://iberianviews.blogspot.com/ catracho

    CNBC almost ringin the bell that the market has bottomed – read into that what you will

  • http://iberianviews.blogspot.com/ catracho
  • zzezzezz
  • Brishort

    Different day, same playbook so far.
    Gap down at the open, regain VWAP…. then lower VIX to be supportive of rise.

    Just observing action for the moment. Currently not able to decipher the message of market action.

  • TimeToPanic

    Yes, a great short now, RSI divergence, look back to Oct 16th.
    Nice chart.

  • HD

    SPX has got a 20 handle hit everyday this week. 2531 O, 2598 H 25_ _ L

  • zzezzezz

    Taking a little bite out of it now…

  • Jason13

    Unsolicited shameless plug. Zero told me the drop this morning is bullshit. Got out of my short with a small profit….now to reassess and perhaps enter later. Flat now. Power of real time info. Loving the Bollinger Bands btw.

  • ridingwaves

    Oprah investing 101 – WTW weekly….nice 300 million she banked…..thinking of picking it up here for a scalp if it holds the yellow buy-sell line
    https://uploads.disquscdn.com/images/8756d9e4fc82207aa2cdf8577c70a86fc348584e34910567e064a70de5e5a32e.png

  • Ted

    what chart is this?

  • werewolf

    where did you see that on the Zero? genuine question

  • http://iberianviews.blogspot.com/ catracho

    Top is FTSE , Bottom is NDX 100 cash

  • ridingwaves

    went L 1/2 R at 32.59 S31.44
    get busy living or get busy dying…

  • TimeToPanic

    Wonder how GG is getting on with his dental floss study away day? Must be more fun than watching this tape. I could never master flossing myself, just use a tooth pick after food.

  • Jason13

    When I compare the speed of the price drop to the zero lines (red and green) and I don’t see the sellers (red) come in with it, it smells algo bullshit to me to whipsaw everyone into one way or the other. I’d rather get out for my own sanity until I’m sure its going to actually make a directional change. It’s a timing thing for me. I’d rather be a little off in timing and then in a trade that’s whip-sawed the other way against me.

  • HD
  • http://gerb-reloaded.blogspot.com Gold_Gerb
  • Jason13

    This is classic wave 4 action….oops…sorry;)

  • TimeToPanic

    Don’t trust anyone in the medical *business* GG.

    Meanwhile, Return of The Caterpillar:

    https://www.tradingview.com/x/d2Do2Ou2/

  • http://gerb-reloaded.blogspot.com Gold_Gerb
  • TimeToPanic

    Some say wave 4 within a larger wave 4. I tend to agree.

  • http://gerb-reloaded.blogspot.com Gold_Gerb

    setting up for the next action.

  • Mark Shinnick

    Maybe worth mentioning $ just survived 2 very local tests at new breakdown support suggesting failed downside breakout, and short miners arrested downside within in this period.

  • Jason13

    Hoping no one takes this as a prediction but terminal thrust wave 5’s exist to convince the weak minded that you were wrong (those short) and convince those not in that they are missing out. So if there is a new high like a wave 5, the reversal should occur within short order. But you don’t have to pick a top…use your plan, your indicators and get subscribed to zero….another shameless plug. Where’s my commission check, Mole?;)

  • HD

    good eyes! 4 big gaps this week. You may be onto something.

    They’ll still hold long over the weekend. greedy SOB’s

  • HD

    Curious how you count an impulse from the lows? Plenty of chop

  • Jason13

    If you use the 15 min chart from the lows, it can be done. I’m at work so I can’t post yet but later on I’ll try post a chart.

  • Jason13

    Do not use overnight..

  • StockTalker

    One in a lifetime rally, not going down easily:)

  • http://gerb-reloaded.blogspot.com Gold_Gerb

    Contact your physician if…

  • maxcherry
  • Jason13

    Bingo…that’s what I have. The question becomes now, on a larger scale, is this A of an ABC?

  • Jason13

    ….the floss gets stuck up your ass.;)

  • HD

    wow. you guys are good. I guess that is possible.

  • BKXtoZERO

    Where is old “Poop Rally” Julie?

  • TimeToPanic

    In my mind’s eye I assumed she was mid 30s, not old. Heh.

  • BKXtoZERO

    My TVIX stop was hit 51.7 from 54.2. Tired of taking hits. Half out.

  • http://gerb-reloaded.blogspot.com Gold_Gerb

    If schrodinger’s coug shows up.
    INTC
    Earnings JAN24.
    https://stockcharts.com/h-sc/ui?s=INTC&p=D&yr=0&mn=9&dy=0&id=p5152817578c

  • BKXtoZERO

    In my minds eye she looks 25

  • Julie 35 – 25 – 36

    UNG Yes Breaks out above ascending triangle and 25.13 resistance.
    JULIE

  • Julie 35 – 25 – 36

    Hi BK I be here
    JULIE

  • BKXtoZERO

    well stopped out of half TVIX…. someone hates volatility

  • https://evilspeculator.com Sir Mole III

    FYI – a little bird told me that VIXY is not HTB anymore. So the whales who scaled in near the heights of IV are starting to scale out.

  • http://gerb-reloaded.blogspot.com Gold_Gerb
  • https://evilspeculator.com Sir Mole III

    How would I know? See above about predicting the future.

  • Ted

    IWM is going up to it’s 50sma. It’s as simple as that. Bears will likely make an appearance there.

  • https://evilspeculator.com Sir Mole III

    More prediction. Do you have skin in that game?

  • ridingwaves
  • https://evilspeculator.com Sir Mole III

    Check’s in the mail.

  • Ted

    Unfortunately not. It’s almost there, less than a dollar away. Not much of a prediction.

  • http://gerb-reloaded.blogspot.com Gold_Gerb

    Just trying to keep the VIX conversations alive.
    geez.

    “It also shows us that a drop < VIX 16 will be required in order for the bulls to avoid the medium term consequence of a secular bear market."

  • Julie 35 – 25 – 36

    People have targets not necessarily predictions. If I post a number it is a target not a prediction
    JULIE

  • https://evilspeculator.com Sir Mole III

    I know you’re being cynical but I’m actually into that shit. And if you may know about the kaisaku 😉

    Anyway I prefer the Gyuto monks:

    https://www.youtube.com/watch?v=L42AnSAdzXw

  • https://evilspeculator.com Sir Mole III

    Okay I bite. It’s required but honestly I don’t know if it’ll actually go there (remember my ROC chart and Julie’s PPO?).

  • ridingwaves

    not necessarily cynical, both fun and the quest for internal reflection helps feel the force

  • https://evilspeculator.com Sir Mole III

    Targets are actually different and are based on continuation of an ongoing move. I am not trying to split hairs but my general point is that I see increasing attempts to predict the future and it’s concerning me.

    Alright, now I’ll shut up about it and let you guys do your thing.

  • https://evilspeculator.com Sir Mole III

    Ongoing battle. I took a cold shower today for shits and giggles and I almost passed out. Highlight of my day! 😉

  • http://gerb-reloaded.blogspot.com Gold_Gerb

    yes. I almost understood your reply regarding PPO.

  • Ted

    See how close. Seems like a logical place for the bears to attack. Who wins I have no idea. Going to watch. Presently all cash. https://uploads.disquscdn.com/images/2a1833beac63e4c4910f5259b225e256adb96b2beb24adce58bf5e608676eb09.png

  • TimeToPanic

    Isn’t every trade an attempt to predict the future?

  • TimeToPanic

    Hardly, just another bear market rally with divergences galore and massive overhead supply. Don’t leave it too late to cut your losses.

  • HD

    EXACTLY! the second you make a trade you are predicting. Unless you just buy and hold…

  • TimeToPanic

    Even that is an expectation of a rising price.

  • HD

    (sarcasm)

  • Julie 35 – 25 – 36

    Hi Chief I understand your concern completely. A prediction also shows a bias .2597 SPX was a target i had and now tough going at 2597. https://uploads.disquscdn.com/images/db4eaecc28daf5e9d45bddbe63144aedd085c15dcccc26c4f82f4f476eb12d13.png Above 2597 I have additional targets. TA affords traders and investors to compute targets. 2597 is a resistance level from an earlier low – a fib fan line and the 34 ema overbought JULIE

  • http://gerb-reloaded.blogspot.com Gold_Gerb

    2001. yeah – lots of great rallies!

    I was such a babe-in-the-woods.
    https://uploads.disquscdn.com/images/da150ea9e1ea8813c0424b38f58933f11bbd306662ff5664f0de2729329cda1e.png

  • Julie 35 – 25 – 36

    HD I have stated a trade is never wrong if you know why you made the trade. Only wrong if you do not know why. If wrong not wrong long
    JULIE

  • HD

    If its a signal or some highfalutin ratio making a prediction ‘that’s fine’ but if it’s price action making a prediction then…… sheesh what’s left to complain about?

    Just keep doing what you do Julie. You nailed a 500 point hit. Should speak for itself.

  • Ted

    The run up to the initial fall compares very well to the current one.

  • TimeToPanic

    No, genuine comment.

  • TimeToPanic

    These companies in the red today, they’re not really important? Big boyz wouldn’t be quietly leaving through that narrow fire exit would they? https://uploads.disquscdn.com/images/7db4d15efb5f8882b92003f2ee6169d9bcd56e7bdb89c16cf4b94a89e96dc8dd.jpg

  • Jason13

    Great discussion regarding “predictions” and “targets”. I do think we are all somewhat splitting hairs semantically, ie- one man’s “prediction” is another man’s “level” is another man’s “target” etc (or woman). Don’t need to get touchy or defensive about it. Just so I clarify my terminology. I have a “plan”, which is the direction I hope the market will take me to either a) hit me a single for a small profit or b) hit me a home run for a larger profit. That “plan” needs confirmation from all my tools to give me the highest probability of making a successful trade or get me out to live another day. Elliot wave is one of my tools (gasp!), but using EW as a stand alone is a fool’s game and that depends on how correctly you use it. Many, many use it very, very wrong. A few can do it right but even then success rate in nowhere near perfect. Many don’t use it at all. That’s cool too. We are using this board as a sounding board and to help others potentially see the holes in each other’s plan not to compete or be “right”…..hopefully.

  • Julie 35 – 25 – 36

    Our Chief in a post below stated he took a cold shower. All you single guys should take a cold shower before the Friday night “Hunt” for the weekend hook up ! LOL!
    JULIE

  • Julie 35 – 25 – 36

    Great post Jason.
    JULIE

  • Julie 35 – 25 – 36

    TTP An important tenant is to know what the leaders are doing. I read that the FANG stocks accounted for more than 30% of the SPX movement Not sure of the exact figure can’t remember
    JULIE

  • Jason13

    Thank you, Julie. Actually, because you are one of the more active participants, you are one of my sounding boards. I’ve both “agreed” and “disagreed” with your “plans” which is really helpful and, I feel, helps me grow as a better trader. I don’t want to always be “in agreement” with everyone..I develop no confidence, discipline or more importantly humility in myself. No one is always right and no one is always wrong either but we can learn from both.

  • HD

    Nice dude! EW is just 1 layer of probability.

    Price action is king. How many times do you have to see a 17 point move or a 10 point move (both of which we have seen repeatedly this week, and today!) before you just predict that’s a spot to get in or out.

    I only know 1 trader who can run 70 handle stops and hold for days/ weeks. That’s a completely different system.

  • Julie 35 – 25 – 36

    Exactly Jason
    JULIE

  • Ted

    Not much faith in this but here it is. One hour chart. Ironically, it would not allow for a 50 day sma test. LOL The white horizontal line represents where I bailed.https://uploads.disquscdn.com/images/93d8b010c2a69967f32a5c6cc77934e221dd59ebc36c6b7b52e2430e02ced85f.png

  • Julie 35 – 25 – 36

    Guys If you want to improve your tape reading skills I suggest reading a book written in 1931. Yes 1931 and the tenants still apply today Also Volume Spread Analysis in a PDF format on the web (google) I have both memorized JULIE

    Tape Reading and Market Tactics
    Humphrey B. Neill
    1931

  • BKXtoZERO

    1929 was good practice

  • Jason13
  • Wave_surfer

    Bollinger bands are getting Soooo tight!
    I don’t know when or which direction, but it seems like things are coiling up for a bigger move.
    I am especially looking at the 1 hour chart.
    I don’t think I want to have an open position over the weekend.

  • Julie 35 – 25 – 36

    Hi WS My lens it is wedging which could be dangerous for the bulls. RSI(3) above 84 which usually signals a pullback. Also Williams%(14) less than -2 which signals a pullback also. IMO Going to need volume to push higher .If I was long I would definitely take some profits.Again my lens
    JULIE

  • http://gerb-reloaded.blogspot.com Gold_Gerb

    you’ve got more wedges than a Nordstroms.
    😉
    https://www.nordstromrack.com/shop/Women/Shoes/Wedges

  • Julie 35 – 25 – 36

    Hi GG It is Friday and the usual ploy occurring to hold the market up as not to spook the Crowd so they spend over the weekend. Friday’s are usually neutral to positive. So far today neutral
    JULIE

  • ridingwaves

    I think you mean Greg Norman

  • http://gerb-reloaded.blogspot.com Gold_Gerb
  • http://iberianviews.blogspot.com/ catracho

    calm before the storm possibly

  • Julie 35 – 25 – 36

    GG … UMM ! .. “Curves” not Wedges ! LOL!
    JULIE

  • http://gerb-reloaded.blogspot.com Gold_Gerb

    too young.

    Julie might be familiar with jack the golden bear.

    https://www.golfchannel.com/sites/default/files/nicklaus_620x200_usopen80_reax.jpg

  • ridingwaves

    Slow boat to china today with chance of going down to the bottom by looks of this storm
    https://twitter.com/NWSOPC/status/1083296836092350464/photo/1

  • http://iberianviews.blogspot.com/ catracho

    Next week should tell us if this rally has more legs ..if not – new lows ahead ..
    a lot of rising wedges, bear flags as posted earlier in many markets
    Brexit vote parliament Tuesday in the UK

  • Ted

    Hated the guy. I’m a member of Arnie’s Army.

  • ridingwaves

    I had the same forearms and pretty swing, tried to mimic him and Watson..
    Jack was clutch…

  • Julie 35 – 25 – 36

    GG Never much of a golfer. Husband not either.Beginning next week opens Volleyball and we will play volleyball at night on a co men’s women’s team. A lot of fun. In summer I play second base softball. The last two years have led the league in hitting batting average and home runs
    JULIE

  • http://gerb-reloaded.blogspot.com Gold_Gerb

    it’s all about the golden ratio.

    https://i.ytimg.com/vi/Ipe8hayVHlU/maxresdefault.jpg

  • http://gerb-reloaded.blogspot.com Gold_Gerb
  • ridingwaves

    NG could get freaky too, might be a little overbought now, but it could jump that hourly 200 and get to any of those targets….gap close and all..

    plus Mole is chanting a little solar minimum force….

    hope it kills a lot of bark beetles…
    https://uploads.disquscdn.com/images/5b5ccfdc9176d52cbf3f4524b507ee9f8a9e5b3cad2ad52f4c09a308cfe9b53f.png

  • Julie 35 – 25 – 36

    Ted Great hit on your comment on Williams%(14) at -98 and -2 I have incorporated it in my tool chest. Thanks Ted. Jason is correct we all learn from each other.The beauty of this blog. Constructive comments by everyone and not the usual fighting and degradation on other blogs. You would not believe how females are treated on other blogs Thanks Ted – our Chief and everyone for providing a female friendly atmosphere and forum
    JULIE

  • evilasevildoes

    Put/Call ratio 116%

  • http://gerb-reloaded.blogspot.com Gold_Gerb

    snow on the beaches, we’re all Doomed!

    https://www.youtube.com/watch?v=spf-uZw_Y08

  • evilasevildoes

    good hearted dudes here

  • Julie 35 – 25 – 36

    Yup EV !
    JULIE

  • evilasevildoes

    anyone buying vxx calls feb march?

  • Mark Shinnick

    Its a bit too far out for Mar. The best bang for buck sticks with near term with market timing that turns out often not to need be spot-on intraday.

  • Jason13

    I’m gonna see if the opportunity lies for a quick hour long scalp at around 2584-5 for EOD ramp.

  • http://gerb-reloaded.blogspot.com Gold_Gerb
  • Ted

    My goal is to break 70 one day. A tall order for a 64 year old. First played a regulation course at age nine. I’ve shot par numerous times, my lowest score is 71. My putting has never regained my high school form. I consider my finest round to be a 73 shot just this past year at Barnsley Gardens from the back tees, 7189 yards, course rating of 75.3 and a slope of 143. The ground gets hard in Georgia in the summer and it’s about 900 feet above sea level. I’m running out of time and my body barks at me after every round.

  • BKXtoZERO

    The worst that happens here is that someone called you “old” down below but I stuck up for you!

  • strider

    Really squeezing today

  • HD

    when you think peoples S/R levels and price targets are ‘predictions’….

    https://uploads.disquscdn.com/images/bc23ac71cfbd668c6f9f76585521e85489b98d85bf714a713211477b0575e98b.png

  • http://gerb-reloaded.blogspot.com Gold_Gerb

    sure, poke the bear.

    You weren’t here went Captain went insane, set the ship on fire.
    It was that god damned Elliot Wave whiskey, I tell’ya.

  • Julie 35 – 25 – 36

    Guys SPX 2573 is my weekly Ichi Cloud conversion line (8) NOW todays low 2574 and the daily 5 ema is 2574.A bearish close below 2573 is my signal to short . Actually to add to an existing short position
    JULIE

  • Mark Shinnick

    Dig it….focus upon Love wavelengths.

  • Ted

    I’ve found it works better on the bottom than the top. It did not work the week before Christmas because they pushed price up just a little bit before the close. Finally on Christmas Eve price finished rock bottom. Currently, we are at the top on the daily but not the weekly.

  • Julie 35 – 25 – 36

    Miss type 2573 signal not 2754
    JULIE

  • HD

    that’s a great round for a slope of 143! kudos. I have shot +2 before as my best from the tips. And then I shot 91 last week. My form and distance isn’t what it was when I was in my 20’s

  • Mark Shinnick

    Cool….a lot of our phenomena can be handled with these little pics.

  • Ted

    That was yesterday’s low. I mean yesterday’s second dip.

  • Edd

    Mavericks forecast 40-60 by next thursday. See ya in the lineup?

  • Julie 35 – 25 – 36

    Ted I use your Williams % – 2 level with RSI(3) at 84 for an impending pullback . When both agree then higher probability
    JULIE

  • http://www.captainboom.com/ captainboom
  • Ted

    I actually hit it further now, only because the clubs and mostly the ball are so much better today than when I was in my early years. It also flies much straighter. Bubba blows my mind how much he can work the ball.

  • Julie 35 – 25 – 36

    Ted I miss read the low today it is 2577 not 2574. I had 2574 on my mind Does not change anything in regard to 2573 Ted .. I am a blonde ! LOL!
    JULIE

  • TimeToPanic

    My course is a par 70.
    I shot a 67 in 2003, with a double bogey in there, 6 birdies, under par both 9s. Was high pressure, even though not in a comp.
    Then shot a crazy 69 c.7 years ago, with a Seve-like eagle through some trees.
    These days, I’m pleased to break 80, but working on it.

  • HD

    That’s great. I was a long ball player. Lucky to get 270 off the tee now. We have 45 courses here. Desert golf is very tricky with forced carries from the tees and onto greens. Love it.

  • Ted

    I was too as a kid. Now the little I have left is gray. LOL

  • ridingwaves

    I’ll wave from shore, or use PWC to pick u up if needed in the impact zone….

  • http://www.captainboom.com/ captainboom

    I went around Cape Horn between winter storms on an aircraft carrier in the late 80’s, and we had 20 – 25 foot seas. We were rolling 9 degrees to each side. Damn thing is so big that the roll took F. O. R. E. V. E. R. Only time I ever felt a bit woozy on that thing.

  • Edd

    Way to old here. Can barely handle slight overhead these days. The real joy is watching my grandkids just starting to spread their wings.

  • HD

    Ted, the hardest course I’ve played was a Jack N. design. slope of 150!
    https://www.lapalomacc.com/golf/interactive-course-tour

  • ridingwaves

    Nice swinging Ted…I got to even and couldn’t bust it and gave up Golf for 5 years straight….now back playing with these new shafts and heads and enjoying it…lots of nice courses here in the city…get a city card and you get to play Harding Park and Presidio, couple others for $35…the best deal in this expensive city….

  • http://gerb-reloaded.blogspot.com Gold_Gerb

    I got a tour of the Abe Lincoln, while in SanFran. They ARE big.

  • TimeToPanic

    I’ve just realised that the 17th January, a big Bradley turn date, will probably be a top. Look back at the top in February last year, an exact Bradley date.

    Maybe the traitors in the UK parliament back the traitor PM May and vote her crappy deal through, final rally to 17th, then a wobble, then a quick and brutal crash into the end of January.

  • Julie 35 – 25 – 36

    SPX Intraday charts specifically 10 min an ascending triangle from yesterday The top horizontal line of triangle Yup my 2597 target . Now the more hits of 2597 the weaker 2597 is as a resistance. Husband’s notes 4 times a hit is usually the make or break. More than 5 times can be a brick wall then down
    JULIE

  • ridingwaves

    That is a mean ocean down there….

  • Ted

    Wow that’s great. I’ve never had 6 birdies in a single round. I would have to really knock the stick down on nearly every hole to pull that off.

  • BKXtoZERO

    I am out of TVIX…. 4$ loss on 1R that I was calling a daily position. I did a decent job of staying away…. at 85, I figured I would hope to buy 60 on a pullback. I was all happy that the first stabs I took were 58. I kept those to 50 cent stop outs, then stabbed at 56 with minor dings again…. 54 was me thinking I would hold “some”….. after today’s action, I let that go. I often look at ES hitting level X and then buy VIX….. sometimes that is a really bad plan. VIX just gets killed even though nothing much happens at that level. This was another one of those times. I just see the writing on the wall and am staying away from daily positions on this danga-roos turd.

  • evilasevildoes

    yes! been pounding table on Jan 18 convergence

  • Jason13

    This thing is going without me….didn’t come to me so I’ll watch.

  • Julie 35 – 25 – 36
  • http://gerb-reloaded.blogspot.com Gold_Gerb

    Time Check

  • TimeToPanic

    I frequently have sub-30 putt rounds, years of missing greens and working on my short game. Love the game still, but did hate it for a while and gave up a few years ago for 2 years, with no idea if I would go back.

    I got the desire to play again 3 years ago though, Masters was on TV. Took me 3 holes to make a birdie, and I knew the fire was still burning.

    These days I play for fun and to challenge myself, but I am working on Hogan’s five lessons, great book, and plan to get fitted for some new irons this year, so hoping to start shooting sub-80 regularly again.

    Also planning to organise a trip back to St Andrews, a place I love and have visited many time, but not for over 10 years.

  • Ted

    I’ve never played in the desert. I grew up in NJ and have lived in Georgia since 92. I could tell right away that was a Nicklaus design. He loves mounding on both sides of the fairway. It’s tough for me to say which was the hardest course I’ve ever played. Two do come to mind, Winged Foot and Bethpage Black. I’ve played many rounds on the Black but none since they brought her back to life. I use to play there for about $12. Can you believe it? Now it costs more to cross the George Washington bridge. My lone ace came back in 1975 on #14 on the Black.

  • evilasevildoes

    have a great weekend all

  • Ted

    Have a great weekend everybody!

  • Jason13

    I have no idea which direction but i am predicting (hehe) a gap on Monday..I smell weekend news….

  • http://gerb-reloaded.blogspot.com Gold_Gerb

    with what? sign language?
    =P

  • Julie 35 – 25 – 36

    Jason A gap up might be sold into .. like previously on this rally. Anyway is 2597 a brick wall ? We will know Monday Jason Have A Great Weekend
    JULIE

  • Jason13

    You too and everyone else.

  • Ted

    I frequently have 30 plus putting rounds. I like the book Simple Enough.

  • Julie 35 – 25 – 36

    Back to work Everyone Have A Great Weekend . Thanks Everyone for your participation and great comments
    JULIE

  • BKXtoZERO

    See you later you old hen……….

  • http://gerb-reloaded.blogspot.com Gold_Gerb

    Hey! respect your elders.

  • evilasevildoes

    cluck cluck the cuck

  • https://evilspeculator.com Sir Mole III
  • TimeToPanic

    I do find it VERY interesting that in the latter part of January so many items line up:

    1. Just after a Bradley date
    2.Just after a ripping rally/squeeze
    3. Just around a full moon (22nd)
    4. The upward trendline is off the 2009 lows, and it intersects the 0.382 fib at this time at exactly the same level as the big head & shoulders pattern targets (NQ 5160).

    That’s a lot of different fluences conning together!

  • https://evilspeculator.com Sir Mole III

    Try it! Oh wait, you live in Montana. Never mind.

  • https://evilspeculator.com Sir Mole III

    It’s not that some people use EWT wrong. There is no right way of using it as it does not have precise rules and cannot be backtested.

  • https://evilspeculator.com Sir Mole III

    Nope, it’s three layers of bullshit.

  • http://gerb-reloaded.blogspot.com Gold_Gerb
  • http://gerb-reloaded.blogspot.com Gold_Gerb
  • HD

    Mr. Mole. I do that all day everyday. I am not a wave “counter” I trade the probable outcome based on fractals. Been over that 1000 times. But since you ask. The waves did a pretty good job in Oct.

    https://uploads.disquscdn.com/images/e7a77a7b2451b891d9bbc7fef142c1c2f3a5ae0688e7820ae410d4079658178f.png

  • HD

    I don’t know why you’re threatened by EW, almost everyone here uses it to some degree. Patterns or fibs etc.

    You must have missed the EW call for the oil crash too? No need to take it personally. If it doesn’t float your boat that is fine but you are bashing people’s bread and butter set ups, for what reason? We show their success all the time.

    Have a good weekend.

  • Ronebadger

    I’m driving the pros around at the PGA this May at Bethpage Black.

  • evilasevildoes

    EET [NYSE]
    ProShares Ultra MSCI Emerging Markets

  • evilasevildoes
  • Julie 35 – 25 – 36

    UNG A breakout today above ascending triangle and resistance @25.91 Up today 5,41 % and approx 4% for the week I have a target 29 – 31 Going to trail a stop and let that take me out Let er ride
    JULIE

  • strider

    Wishing everyone a relaxing weekend. The system I am working on uses Hull moving average, which is not as lagging as EMA or SMA, and VWAP bands. Big block trades will also figure in. I will share charts/info when I feel it’s useful.

  • Jason13

    Since this a sore spot for you and it is your board, I’ll refrain from bringing up EW again and keep it to myself. Have a good weekend.

  • Ted

    Cool. I love the place. The Red and Blue are very good courses as well. I’m going back there soon. It was not as long back in the day but I plan on attempting it from the championship tees. Faldo says it’s the toughest course the public can play. #5, 10, 11, 12, and 15 will break my ass.

  • Julie 35 – 25 – 36

    Guys Dinner in oven OK Here is a chart and comments that you may want to file and have in your tool box My husband says that following the number of new highs is paramount NYSE needs 100 new highs to sustain a rally A break below 50 is concern 150 new highs is ideal . SO a sustained rally needs between 50 – 100 new highs Below 25 new highs is unhealthy The chart clearly shows this. Currently 29 new highs with current rally — Going to need at least 50 to kick off a sustained rally and then 100 JULIE https://uploads.disquscdn.com/images/49042d25135529fc6878ccd0132f16622a4e744875e2cf44c1e5d28e4ba024a3.png

  • Julie 35 – 25 – 36

    The end of September 2018 if you were watching the number of new highs which fell below 50 and did not recover 50 It would have saved your skin and wallet on an exit The rallies in November and December went above 50 but not to 100 then fell below 50.
    JULIE

  • Julie 35 – 25 – 36

    EV Our BA short setting up .. If a bearish reversal Monday … Curtains BA JULIE https://uploads.disquscdn.com/images/50dfa14097e7a9d19d3d59c907eb08de9b55fdc77daf4d8f8d8abd6bb490bd68.png

  • Julie 35 – 25 – 36

    EV Another chart BA .. If a reversal Monday .. The lower bands have not turned up SO if a pullback looking at the confluense of the rising 21 and 34 sma’s matching a price support and 50% retracement. Now the 13,8,5 STOCH is overboyght as is the 8,5,3 in chart above.Price upper keltner channel in above chart and upper bollinger bands 21 https://uploads.disquscdn.com/images/d21d9c1655f5a42b95c297eeda066ae1bdad912a683f239edc7a5d94f47c3d71.png and 34 on this chart JULIE

  • http://gerb-reloaded.blogspot.com Gold_Gerb

    what? let it Go Coug.

    It’s Friday night, shouldn’t you just relaxx with a glass of red and hunk of meat?
    😉

    https://uploads.disquscdn.com/images/2010999d0d07ad5d2c174abd7b8a1c9542edf2212bbfb72c1cc794d2f81307f2.png

  • http://gerb-reloaded.blogspot.com Gold_Gerb

    interesting. creativity in the works.

  • Julie 35 – 25 – 36

    What are you doing here GG ? LOL! I am relaxing with a glass of wine. I do not watch tv. Grizz doing his chore of cleaning up kitchen. Great guy helps me out with the household chores. Quite often he has dinner ready to cook and then I take over In a little while going to a show up at MSU
    JULIE

  • http://gerb-reloaded.blogspot.com Gold_Gerb

    MSU!?
    are you serious?…it’s cold enough for liquid nitrogen on the road.
    very slick conditions.
    😉

  • Julie 35 – 25 – 36

    Montanans live for the winter.Enjoy winter as much as summer. Winter sports and activities. Can’t beat it GG
    JULIE

  • http://gerb-reloaded.blogspot.com Gold_Gerb

    enjoy the show.

  • Julie 35 – 25 – 36

    What a couple of clowns ! Both married ! Hey Jeff .. It’s cheaper to keep her ! JULIE https://uploads.disquscdn.com/images/1f3a6dcae6a96afd0213b2fef817b694c2fd3713b1d46f8c72e25dd59cad9b6f.png

  • Sp00nman
  • Ivan Hrusovsky
  • https://evilspeculator.com Sir Mole III

    Despicable man for many reasons.

  • https://evilspeculator.com Sir Mole III

    I think I would be happy there then. Love the winter. Remember I grew up in Austria. The nicest thing about where I grew up was that it got damn cold but we had a lot of blue skies. When I went to Germany I hated it because it wasn’t as cold but constantly gray skies during winter and a lot of rain as well.

  • https://evilspeculator.com Sir Mole III

    Okay, do it again! And then again. There’s a reason why quants are anal retentive about sample size and out of sample testing. Keep collecting the stats precisely and we talk.

  • Jason13
  • TimeToPanic

    His kind covet the whole world, so adultery is hardly a surprise.

  • TimeToPanic

    Thanks Julie (and husband). I saw some stats for adv/decline for SPX yesterday, it looked like it was running out of steam fast.

  • Ted

    Too much rain here in Georgia as well during the winter. It’s also to humid in the summer unless one escapes two hours north of Atlanta into the mountains.

  • http://gerb-reloaded.blogspot.com Gold_Gerb
  • Julie 35 – 25 – 36

    Guys AAPL Proper upper and lower trend lines if you draw them properly you can nail and kill it.Heavy green horizontal lines are important resistance and support.Observe the advance to the October high. A warning of negative divergences RSI and MACD Unable to get above an upper trend line and a breakout failure. Then a decline below a lower uptrend line and RSI unable to get above 50 What A Short !

    Now the decline You can see the daily 13 ema contained the bounces.Now AAPL must get above the upper blue dotted down trend line ; 13 ema and upper gap window. The STOCHS 5,3,2 are accurate foe AAPL. Now overbought with volume declining. The last candle print was a doji at resistance and 13 ema Now the RSI and MACD with positive divergences and MACD with a trend line break and above it’s signal line and up trending The bounce off the December 26 low unable to get above the down trend line and 13 ema. It was a high volume low and they are usually retested. Yup sure enough a 2nd test

    Now would I buy AAPL with an upper down trend line break and going above it’s 13 ema and gap window resistance. NO I would wait for price to go above it’s 21 ema with the 5 ema crossing above the 21 ema.Then a pullback to the rising 21 ema and or support Now the daily PMO (not shown) has bottomed and above it’s signal line with a positive divergences Another confirmed entry IMO would be the weekly PMO bottoming and turning up

    Also the 144 ema serves as a trend definer. Price above or below and direction of the 144 ema i.e. risinf or falling — turning up turning down. You can observe when price broke below the 144 ema the 144 ema turned down signalling a new downtrend

    There ya have it Guys ! Tradin… AAPL with Julie OMG ! LOL! !
    JULIE

  • Jason13

    This is great.

  • Julie 35 – 25 – 36
  • Julie 35 – 25 – 36

    AAPL Weekly Chart You can observe the support level where bulls have defended. The weekly 233 ema at a support zone. Weekly oversold and RSI at 30 JULIE https://uploads.disquscdn.com/images/f59358d4e6db1bfcf11063d9e7b421011bfc5b0306d8e68f7fd2017f55c7e543.png

  • http://gerb-reloaded.blogspot.com Gold_Gerb

    I said it 5 years ago, I’ll say it again.

    https://evilspeculator.com/fish-in-a-barrell/#comment-1387625572

  • Ivan Hrusovsky
  • TimeToPanic

    Bit of deja vue reading that old thread!

  • TimeToPanic

    Mole (and others) will enjoy this article:

    https://www.zerohedge.com/news/2019-01-12/chris-cole-coming-2-trillion-short-vol-blowup-could-be-more-devastating-1987

    Interestingly, the last time this guy opined on this subject was one week before the Feb ’18 crash. I wonder if his timing will be as prescient this week?

    I got lucky this week. As Gary Player says, the harder I practice, the luckier I get. Well, the more I read, the more chance I’ll find some nuggets of information that may help to navigate these markets.

    I have been trying to resolve the apparent conflict between the Bradley date on 17th January, and Martin Armstrong’s panic week of 28th January, but not before. Could 17th January be a high? Still possible. But then I saw this in a tweet:

    https://pbs.twimg.com/media/DwtxGJ5WwAATdmz.jpg:large

    Then I remembered that the EW guy I follow is giving the best odds to a diagonal for this latest wave, and the penny dropped.

    So, a potential route map for the next 3 weeks would be:

    1. A swift drop next week, but not to re-test the lows, maybe 5-7%.
    2. A rebound the following week, I’m reluctant to guess levels, but some fibs on SPX suggest it could get to 2630s.
    3. Then w/c 28th the bottom falls out, the head & shoulders patterns play out, taking SPX down to low 2200s, NW down to 5200s.

    Or it could all be a load of bollocks. Heh. We’ll be in that Puetz crash window around the full moon period too, and yet this *crash*, were it to happen, wouldn’t violate any major trendlines off the 2009 low, so the bull could roll on…

  • Jason13
  • Jason13

    TTP, if this helps, here are resistance and support levels I’m watching this week.

    Weekly support is 2545.75-2556.75. A close below this range would be bearish, whereas a trade below and a close back above is a bullish trigger.

    Weekly resistance is 2622-2633. A close above this range would be bullish, whereas a trade above and a close back below is a bearish trigger.

  • TimeToPanic

    Scary, and every dollar of that $9 trillion is held as an investment asset by someone. The currency is bound to be devalued.

  • TimeToPanic

    Thanks Jason.

    I’m watching fibs at 2455-2475 this week. 2638-2643 the following week.

  • BKXtoZERO

    Mole will LOVE it!

  • TimeToPanic

    I did put in the ‘load of bollocks’ disclaimer.

  • TimeToPanic

    My Awesome Oscillator is nearing the point where it has rolled over (and the market too) since

    October:

    https://www.tradingview.com/x/sEwbxOUT/

    https://www.tradingview.com/wiki/Awesome_Oscillator_(AO)

    Enough of this market shit, gym time.

  • http://gerb-reloaded.blogspot.com Gold_Gerb

    THAT’S THE SPIRIT.

    3 weeks to American Superbowl. I look forward to awesome commercials.

    https://www.youtube.com/watch?v=6igElOW4hUA

  • https://evilspeculator.com Sir Mole III

    I did some digging and there are combined 154 Bradley turn dates since the year 1900. Why would anyone trade such low frequency data?

  • TimeToPanic

    I guess because they have a habit of hitting big turns in the market. Here’s 2019’s dates for the crew:

    http://www.amanita.at/images/Interessantes/Artikel/einzelne_Artikel/Bradley-Siderograph_Archiv_seit_2007/file_1384120884-14004392fe5c8f62bb027e8bfb88c7d6.gif

    Also, here’s a model into the 2040s, which interestingly matches my expectations for the 20s and 30s and the crash into the 40s, and WW3 thereafter.

    http://www.amanita.at/images/Interessantes/Artikel/einzelne_Artikel/Bradley-Siderograph_Archiv_seit_2007/file_1248807971-7dea682d8fed551fd6448bb8f359a402.gif

  • Ronebadger

    No problem… “contained for the next 12 to 18 months”

  • TimeToPanic

    Actually, 2019 dates are within this PDF, just page down a bit:

    http://www.amanita.at/docs/open/newsletter-e.pdf

    Interestingly, if it happens (I think it will) Brexit date is due to be 29th March). Two days before a Bradley turn date. Good spot to buy equities I reckon.

  • Ronebadger

    2018 and 2019 “Sell in May”

  • TimeToPanic

    Not in 2018, we’ll see this year.

  • Ronebadger

    May 29th, according to your post

  • TimeToPanic

    A turn date, but we won’t know until we get there if it’s a high or a low. I suspect the low around the Brexit date, then a rally into May, but it could be the opposite.

  • Ronebadger

    Obviously, I don’t know how this thing works. Who is Bradley, and how can he predict this stuff…based on what?

  • http://gerb-reloaded.blogspot.com Gold_Gerb

    I don’t promote it.
    but if someone wants to critic the data.
    😉
    have at it.
    https://bradleysiderograph.com/turn-dates/backtesting/

  • https://evilspeculator.com Sir Mole III

    I don’t operate at these timeframes but best of luck! I hope to be in the ground once WW2 rolls around but the way things are moving we may see a civil war breaking out in Europe by the middle of the next decade.

  • TimeToPanic

    We’re the same age I think, I’m hoping to make my 80s. Mid 2030s are not far off.

  • TimeToPanic

    From memory it’s the planets and the sun and moon. I haven’t researched the man himself.

  • http://gerb-reloaded.blogspot.com Gold_Gerb

    I don’t like straight lines. But when I do..
    😉
    https://uploads.disquscdn.com/images/1281ca4f8d030079de094ab3e5dc787ee3cc1d1219023ffe1b26e54137dfc211.png
    (these channel lines goes back to 2009/2011 base)

  • Darkthirty

    Don’t be a sucker and simply trade the tape in front of you. Edit? Don’t be a sucker, simply trade the tape in front of you.

  • http://gerb-reloaded.blogspot.com Gold_Gerb
  • http://gerb-reloaded.blogspot.com Gold_Gerb

    #JeffBezosPickupLines ?
    no amount of money can buy back your respect
    {face palm}

  • ridingwaves

    /NG, GS, Orly, Wtw, banking coin

    Now if Bdsi gets busy I might just have to spend some cash on a quick strike Costa Rica trip

  • Julie 35 – 25 – 36

    Hi RW I an in natty gas too .. UNG
    JULIE

  • ridingwaves

    I built a good position in boil and ung….
    Thanks for joining u evil cougar
    3.50ish target, think it goes higher and will set up trailing stop from there
    Too many folks shorting it……crowded trade target

  • Julie 35 – 25 – 36

    RW I have a trailing stop and let it ride per post on Friday. Nice bump on Friday up 5.41% I was in before that The chart I showed UNG down to double support i.e. price and a lower trend line Initial target UNG 27 but could go to 29
    JULIE

  • Ronebadger

    If it’s astrology based, then it BS

  • Julie 35 – 25 – 36

    RW You hit Natty Gas on the nose last October COT Commercial net short was extremely low. Good one RW
    JULIE

  • Ronebadger

    “I don’t always talk to Liberal Arts Majors…but when I do, I order large fries”

  • http://gerb-reloaded.blogspot.com Gold_Gerb

    nothing like a Quickie.
    😉

  • Julie 35 – 25 – 36

    GG Especially in the afternoon … yeah !
    JULIE

  • Ronebadger
  • http://gerb-reloaded.blogspot.com Gold_Gerb

    too cold, otherwise.
    (snort)

  • http://gerb-reloaded.blogspot.com Gold_Gerb

    hey now. We’re an equal opportunity Forum here.
    https://i.imgflip.com/uv9ec.jpg

  • Julie 35 – 25 – 36

    GG Getting ready to blast BA south !
    JULIE

  • http://gerb-reloaded.blogspot.com Gold_Gerb

    huh? BAC?

  • http://gerb-reloaded.blogspot.com Gold_Gerb
  • http://gerb-reloaded.blogspot.com Gold_Gerb
  • http://gerb-reloaded.blogspot.com Gold_Gerb
  • Julie 35 – 25 – 36

    Boeing BA GG BAC Gap resistance right at it’s 55 ema setting up also to short BAC has a minor ascending triangle like SPX within a rising wedge also like SPX Breaks below the lower trend line of the ascending triangle could be curtains. Bookies saying a gap down tomorrow and so far futures are confirming. They learned their lesson on gaping it up esp in a bear market. Invariably sold into
    JULIE

  • Julie 35 – 25 – 36

    SPX Below 2573 is bearish then below 2560 OUCH for the bulls
    JULIE

  • http://gerb-reloaded.blogspot.com Gold_Gerb

    imagine a nervous bull the last 3 days..

  • Julie 35 – 25 – 36

    GG I am going to delete this post My levels 2560 – 2573 – 2579 were all supports on pullbacks the last few days My 2595 Yup! There was a poster Were wolf or something like that blasted me
    JULIE

  • http://gerb-reloaded.blogspot.com Gold_Gerb

    welcome to the Big leagues.

  • sutluc

    As if that was the main problem with it,,,

  • Julie 35 – 25 – 36

    Actually GG the level was 2597 not 2595 a miss type 2597 on the nose Captain Boom wanted me to keep posting the levels. He was using them for day trading and wanted to how I did it LOL!
    JULIE

  • http://gerb-reloaded.blogspot.com Gold_Gerb

    Emotionally satisfying, but tricky. The first time a level
    doesn’t work out. Fireworks.

  • Julie 35 – 25 – 36

    GG There is a formula for the ALGOS that they all use. Been in existence since the inception of program trading and has not changed.
    JULIE

  • Julie 35 – 25 – 36

    If I compute level 3 I can be within a penny
    JULIE

  • http://gerb-reloaded.blogspot.com Gold_Gerb

    nice I guess. not like I’m trading millions of shares.

    getting the direction right is hard enough.
    Anyone remember the Friday Jan 04 uppercut??

  • Julie 35 – 25 – 36

    SPX was between the 8 cnversion line and 21 ema’s then broke above on a gap up the following day .I was shorting then and covered if you remember Two 1/2 positions Covered the remaining 1/2 because they gaped it up exactly 1 point above my stop that I posted.So I took myself out if you recall. I made money on both positions
    JULIE

  • Julie 35 – 25 – 36

    Could happen GG If so I have levels above 2597. All set GG Above or below 2597
    JULIE

  • http://gerb-reloaded.blogspot.com Gold_Gerb

    duly noted on my chart.

  • Julie 35 – 25 – 36

    GG I show one more day on my fib time time zone. On the nose fib arc and fib fan line
    JULIE

  • http://gerb-reloaded.blogspot.com Gold_Gerb
  • http://gerb-reloaded.blogspot.com Gold_Gerb
  • Julie 35 – 25 – 36

    GG A rollover tomorrow SPX 2520 and 2516 are important to look for a bounce to a lower high less than 2597. Possibly 2546 intersection will break below the lower upper trend line 60 min chart 60 min 55 ema approx 2556 below the 2560 level Crucial GG as is a lower uptrend line break
    JULIE

  • http://gerb-reloaded.blogspot.com Gold_Gerb

    longest Government shutdown. E-v-e-rrrrrrrr.
    sky is falling kind of stuff.
    😉

  • http://gerb-reloaded.blogspot.com Gold_Gerb

    I’d have a Jeep. just no other way to get to MSU.
    😉

    https://www.youtube.com/watch?v=hwC0p_E73K4

  • Julie 35 – 25 – 36

    GG Many Montanans have snowmobiles We keep em between the ditches ! They can go 100 plus MPH If you have to go there Get There !
    JULIE

  • Julie 35 – 25 – 36

    GG Western Oregon Valleys can get what is called a silver thaw. Rain that freezes when hits the ground or object. Very Wicked Solid ice on everything including roads Power lines come down as well as trees etc. Coupled with a high wind Unbelievable damage
    JULIE

  • http://gerb-reloaded.blogspot.com Gold_Gerb

    I feel better already. Bring on the melting asphalt.

  • http://gerb-reloaded.blogspot.com Gold_Gerb

    High of 63 today. I went out to lunch with ONLY a long sleeve shirt. I’m quite the iceman.
    LOL.

  • Julie 35 – 25 – 36

    A friend of mine worked for the National Park Service and was in Yellowstone NP for 17 years. She requested a transfer to the Everglades as she did not want to go thru another winter.She was back at Yellowstone the next year ! The Insects at the Everglades ! YIPES !
    JULIE

  • Julie 35 – 25 – 36

    GG Americans live paycheck to paycheck. No savings … I read that that 85% of U.S. adults can’t come up with a $1’000 bucks.One family member husband or wife loses their job and it is bad news.We can weather any storm and so can our two children
    JULIE

  • http://gerb-reloaded.blogspot.com Gold_Gerb

    Pride cometh before a fall.
    😉

  • Julie 35 – 25 – 36

    We know people that have two car payments A big mortgage Paying on boats and expensive toys. RV’s Unbelievable
    JULIE

  • http://gerb-reloaded.blogspot.com Gold_Gerb

    I look forward to taking their money.
    Muwahahaha.

  • Julie 35 – 25 – 36

    GG The saying very soon “Cash Is King” will come true again What is really unreal is the advice they get from investment pros.Stay the course .. You are in it for the long haul. Buy now at a cheaper price etc.. My friends and family are out of the market per our 10 / 50 ema weekly chart that I gave them. They were out 3 weeks ago on the cross over and have lost Zero
    JULIE

  • Julie 35 – 25 – 36

    GG if you lose 10 % it must come back 11% for break even. 25% must come back 28% 50% must double to break even 80% loss must come back 400% No reason at all to take a huge loss in the market either young or old
    JULIE

  • https://evilspeculator.com Sir Mole III

    Correct.

  • TimeToPanic

    You know (of course) that the moon’s pull affects the tides?
    Humans are c.85% water.
    Have a look at the market versus full/new moons, it’s clearly not BS.

  • http://www.captainboom.com/ captainboom

    Does anal retentive have a hyphen? 😉

  • Sp00nman

    Worth noting we built an ascending triangle with a top ~2520 and we had that one day strong pullback to suck in bears then had the gap and go friday. Just another possibility.

  • HD
  • http://gerb-reloaded.blogspot.com Gold_Gerb

    You’re funny. You realize I took 3 semesters of University level calculus?..
    😉

  • http://gerb-reloaded.blogspot.com Gold_Gerb
  • http://gerb-reloaded.blogspot.com Gold_Gerb

    that’s the old chart. update, update, update!

  • HD

    you nailed your prediction of the gap down today so kudos!

  • http://gerb-reloaded.blogspot.com Gold_Gerb

    broken clock gets lucky, news at 9.
    but I MUST see the updated chart.

  • http://gerb-reloaded.blogspot.com Gold_Gerb
  • https://evilspeculator.com Sir Mole III
  • https://evilspeculator.com Sir Mole III

    You took calculus just to draw boobs?

  • Mark Shinnick

    Well…according to my own lens this morning is the the first credible bear sign last couple weeks. Still…FWIW.