Congrats Steve. Happy birthday Matt.

I don't think so. There are a couple of versions with demark 13. The more strict is on 11 or 12 count I believe - and that's probably why Tom is looking for one more lower low (closing basis). The simple version has 13 already.

QQQ & SMH weak 

Interesting articles on Market Watch with two most prominent technical analysts:

Ralph Acampora：

https://www.marketwatch.com/story/robinhood-investors-are-going-to-get-their-heads-handed-to-them-as-bear-market-takes-hold-says-godfather-of-chart-analysis-11653072277

Tom Demark:

https://www.marketwatch.com/story/the-technician-who-called-the-2020-market-bottom-says-a-shocking-rally-is-in-store-11653043583 

Ultra bearish - maybe 2 of 3?   

Bear diamond or bull diamond?

Or, the bear market can be worse than the popular view of the most (like 3200 doesn't hold)

Dude is the perfect example that you don't need fundamentals to be successful lol

Personal opinion: Technical analysis measures supply and demand and is a reflection of human nature so should be applicable to anything traded   

Last hour party on

AAPL took out recent low

Wave 3 starting under bearish view?

https://twitter.com/gilmoreport/status/1527065186384760832?s=21&t=B1_3UsYLwE6UgAddpbNxhQ 

One more note is they changed to rally confirmation because yesterday was  a 'follow-through' day. When there is a dirtibution day right after a followthrough day (within a week or so and today is a distribution day), the rally has a 90% failure rate.

Just disregard anything on IBD except David Ryan and a few other (occassional) guests on IBD live... Their call on market is totally useless, even Follow Through days nowadays almost have a 50% failure rate. They are no longer the 'O'neil company'

Dow Theory

Is that positive or negative?

Haha my job restricts me from buy individual stocks (ETFs not included) so that literally saved me from the bear market lol

TLT? Long bonds if you bet on falling yield. IEF also okay

That upcoming drop in TNX may be accompanies with a water fall decline in SPX (inflation fear to recession fear)