%% I seldom vote in polls + capital markets are not a gamble; not enough choices in 95% of polls. SPY, spyg, upro spxl still below 200dma. Longs taking profits or cut a loss is not an end to bear market. NOT a predicition Good question............................................................................................ SH [bear spy] =above 200 dma
Oil market last few days is sure signaling a recession is getting more and more likely. Dropped $30/barrel altogether from recent June peak.
All in line with thread title, BEAR market ............. The backbone of the BEAR is Wave 3 Hence the video and similar ones to show how the energy is getting built up before Wave 3 gets underway. One thing is for sure: Wave 3 willl wait for Wave 2 (ongoing right now in the bear market rally) to complete? why? Because Wave 3 demands that Wave 2 ropes in the maximum number of numbskulls who are calling the BEAR over and are climbing aboard the good-times-are-back-again-complacency-party-train
Some clarification ............... I wanted to see if we could form here at ET somethng similar to the DSI - a sentiment indicator which I can tell is very very good. that is why the owner of the service charges big bucks for it. At ET what if we had an honest survey wherein a trader would just simply vote yes or no for expectations of a bear and of course "don't know" .......... and let's say within 2 weeks we get somethng like 97 (Bear is over) votes versus 6 That 6 would tell me that the vast majority is on one side of the "trade" .... very crowded indeed. NATURE's LAW says that at important junctures these dudes will be wrong as usual Now what if it gets down to a mere 3 from 6. Jesus H Christ youbetter oil your short guns because the odds of short being the wat to go are astronomical indeed A contrarian concept. Works in all aspects of life Forgive incoherency pls
Going with the crowd is always easy. That warm cuddly feeling of togetherness, strength in numbers, safety and security in numbers - there is a lot to be said for this but such a setup is doomed to fail for an alpha. why? Because nobody got the kahunas to diverge and take the initiative. At major junctures, standing ALONE is the way to go. Difficult? You betcha. Incredibly difficult. Your heart will cry in agony. Loneliness will tear you a new one. But if you are truly worth your salt, your SOUL will demand your being a lone operator and facing and handling the pain that is dissuading you.
The Bear is Definitely Over. The Bottom Depths had 666 in it. Same thing with the March 2009 lows, 666 was in there.
200-dma is the King of Kings on my charts - better than the Amex card. I never go into battle without it. Always in GREEN = color of Nature. I use the exponential version.
I like the way you think. 666 has been MY thing for quit a while now. What I love most about your post is your definitive stance, no iffs ands or buts. That is outstanding and much appreciated. A clear statement of your call and bias. No wishy washy stuff in your post. Most others hem and haw and then never make a clear statement of their call but when the move is over they come back and state, "I knew it all along and called it right" The 3666.77 is outstanding. I did not notice it. Hints from BEAR? hey its quite possible. BEAR is a dodgy guy