Re: Financial topics
Posted: Tue Jan 10, 2023 8:32 am
If we are going to keep following 2008 then it should be down soon. Hum.

Generational theory, international history and current events
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From a generational dynamics perspective you were absolutely right to publish this chart, and I have no doubt that the market will soundly correct at some point.John wrote: Mon Jan 09, 2023 2:27 pmaeden wrote: Mon Jan 09, 2023 2:13 pm I agree as the carnage of working class now being crushing as productivity divided annually to absorb the current global usury charges.
Like a can that meets a vacuum in plain sight. Early but game on.
https://www.advisorperspectives.com/dsh ... n-december
Validating the S&P Composite Stock Price Index, or let's say rope burn we discussed some time back H.
Some concerned of that other frog near the blender switch.
that's my kind of graph!
I'm starting to short again around 3950. Very slowly. I will be doing less than 2 days ago on this second trip up to this level. If the market rises on tomorrow morning's CPI, I will add more.Higgenbotham wrote: Mon Jan 09, 2023 2:02 pmI covered shorts on this 15 point dip. I'm leaning toward the market being in a holding pattern until Thursday at which point I will be a little more inclined to hold shorts longer on a move lower.Higgenbotham wrote: Mon Jan 09, 2023 11:49 am I'm starting to short again just now. Slowly.
If the December high near 4100 was an important top, the market is at about the 50% retrace now, so another leg down could start here. Another interpretation commonly used is that the breakout out of the long range from mid-December to early January will carry to the width of the range, targeting 4000+. Finally, if the market gets really carried away but is still a bear market, it could carry as high as 4200.
Brought it to about 1/3 position on the further move up into the close. I will not be moving to 2/3 if there is a move into the second target zone of 4000+.Higgenbotham wrote: Wed Jan 11, 2023 3:33 pmI'm starting to short again around 3950. Very slowly. I will be doing less than 2 days ago on this second trip up to this level. If the market rises on tomorrow morning's CPI, I will add more.Higgenbotham wrote: Mon Jan 09, 2023 2:02 pmI covered shorts on this 15 point dip. I'm leaning toward the market being in a holding pattern until Thursday at which point I will be a little more inclined to hold shorts longer on a move lower.Higgenbotham wrote: Mon Jan 09, 2023 11:49 am I'm starting to short again just now. Slowly.
If the December high near 4100 was an important top, the market is at about the 50% retrace now, so another leg down could start here. Another interpretation commonly used is that the breakout out of the long range from mid-December to early January will carry to the width of the range, targeting 4000+. Finally, if the market gets really carried away but is still a bear market, it could carry as high as 4200.
I suspect that 2023 is a choppy, short term trend year, rather than a year that has a direction as predicted by generational dynamics. I am seeing the 3900 to 4050 points as key to a year that will girate between 3240 and 4250. It may well be below the 3900 level for much of the year but should end at around 3900 to 4000. It could be a year of very profitable trading or a year of big losses, depending upon how one trades the price action. I have no doubt that earnings will be under pressure and will pave the way for the longer term fall in PE ratios. So lets see what happens.Higgenbotham wrote: Wed Jan 11, 2023 8:53 pmBrought it to about 1/3 position on the further move up into the close. I will not be moving to 2/3 if there is a move into the second target zone of 4000+.Higgenbotham wrote: Wed Jan 11, 2023 3:33 pmI'm starting to short again around 3950. Very slowly. I will be doing less than 2 days ago on this second trip up to this level. If the market rises on tomorrow morning's CPI, I will add more.Higgenbotham wrote: Mon Jan 09, 2023 2:02 pm
I covered shorts on this 15 point dip. I'm leaning toward the market being in a holding pattern until Thursday at which point I will be a little more inclined to hold shorts longer on a move lower.