The cash levels are very low, typically seem at the inception of a bear market. Time will tell of course.

    bear markets start when the

    Posted by matt on 1st of Feb 2018 at 06:14 pm

    bear markets start when the moving average configuration of daily charts has flattened out and has been going sideways to down, 50, 100, 200 MA's, the slope is typically flat to negative on those MA's.  Not when they are all pointed up like they are now.  Go back and look at 100 plus years on a chart and you will see what I mean.  Again when MA's are all very bullishly stacked you can get sharp fast corrections however bear markets don't start from those conditions 

    To me it looks like

    Posted by torvix on 2nd of Feb 2018 at 04:44 am

    To me it looks like top is in.  Call it what you want. Anyway is just an opinion. This is pig market.

    It couldnt even bounce on a 1% down day. Its a piggie market if I  right.

    matt, is this a rule

    Posted by zwyss on 2nd of Feb 2018 at 02:43 am

    matt, is this a rule only for stock market inidices? There are several chart examples when price just drop after going almost vertical. Silver in 2011 or..... Bitcoin in december (see chart gbtc).  Of course there is a bounce around the MA's and price is waiting for a proper MA-configuration before falling further.  To me it seems that stock indices are quite vertical, so why not fall now 10 or 15 % with a shallow recovery/going sideways for a couple of weeks for a nice MA-configuration and after that more selling?

    That would mean the bear market starts now and we won't see those Levels for many years to come....

    So my question: Why are you so confident that stock markets will make new highs? Are the charts not vertical enough yet? is there a missing divergence?

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