Posted by bpozdoll1717 on 13th of Jan 2023 at 08:51 am
Would be interested in Steve and Matt’s opinion on the breadth
thrust. Can one indicator supersede all other TA and signal a
bull market? I was expecting one more push down into
March/April before a rally and some flatlining/consolidation for a
longer period of time after that.
Despite popular propaganda to the contrary, this is still a bear
market rally under more plausible EW wave counts. Until that
changes, it should be treated as a means to sell remaining
positions in order to buy them lower later in the year. The end of
the quarter could be a high or a low based on historical
examples.
Propaganda? Way to keep an open mind there buddy. Ever seen an E
wave count fail...? On the other hand, there can't be another bull
until the yield curve returns back above the zero level.
Beige areas=recessions. Chart: Tony Dwyer.
Posted by kevindeng0727 on 13th of Jan 2023 at 09:21 am
Deemer has 50+ years in technical analysis working under Bob
Farell's TA department so definitely legit analysis. Just every
signal eventually has failures.
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Would be interested in Steve
"The stock market generated Breakaway Momentum today for the 25th ...
Posted by bpozdoll1717 on 13th of Jan 2023 at 08:51 am
Would be interested in Steve and Matt’s opinion on the breadth thrust. Can one indicator supersede all other TA and signal a bull market? I was expecting one more push down into March/April before a rally and some flatlining/consolidation for a longer period of time after that.
Despite popular propaganda to the
Posted by junkie on 13th of Jan 2023 at 08:58 am
Despite popular propaganda to the contrary, this is still a bear market rally under more plausible EW wave counts. Until that changes, it should be treated as a means to sell remaining positions in order to buy them lower later in the year. The end of the quarter could be a high or a low based on historical examples.
Propaganda? Way to keep an
Posted by brophy on 13th of Jan 2023 at 09:27 am
Propaganda? Way to keep an open mind there buddy. Ever seen an E wave count fail...? On the other hand, there can't be another bull until the yield curve returns back above the zero level. Beige areas=recessions. Chart: Tony Dwyer.
I also suggest that you
Posted by brophy on 13th of Jan 2023 at 09:37 am
I also suggest that you remember that there are NO "sure things" regardless of their track record.
Death and taxes use to
Posted by rbreese on 13th of Jan 2023 at 09:40 am
Death and taxes use to be the only guarantees
Actually, most recessions happen after
Posted by jroger on 13th of Jan 2023 at 09:32 am
Actually, most recessions happen after the yield curve goes back positive.
Judging by the direction of
Posted by diabloblanco on 13th of Jan 2023 at 09:37 am
Judging by the direction of most western liberal nations , I'd say we have more to worry about than a recession or even depression .
Larry is a fink I'm sure he has my best interests at heart
Deemer has 50+ years in
Posted by kevindeng0727 on 13th of Jan 2023 at 09:21 am
Deemer has 50+ years in technical analysis working under Bob Farell's TA department so definitely legit analysis. Just every signal eventually has failures.