Black Monday

[clip]

heres updated sp500 chart breaking down of bearish rising wedge chart pattern

Attachment 11373


bear rally was really causing a bad disconnect between reality of earnings to stock prices. the market was more expensive than at the peak

Can we get an updated chart - looks like downtrend broken, to my untrained eye? Have been watching this over past week or so - not sure if lines are in the right place etc? Looks like trading sideways for a while (green lines) but broken up out of that, and broken past 50% fib retrace - next target 61.8?

Attachment 11444

[bull....]

Can we get an updated chart - looks like downtrend broken, to my untrained eye? Have been watching this over past week or so - not sure if lines are in the right place etc? Looks like trading sideways for a while (green lines) but broken up out of that, and broken past 50% fib retrace - next target 61.8?

Attachment 11444

your charts look good to me , failed wedge pattern. did mention it might not pan out so reinforces when chart watching you need to be watching and reviewing your analysis all the time. As for bear market , bull market who knows with any certainty we seem to be in and out of these so quick these days are they even relevant anymore? as long they keep printing money thats all the market seems to care about.

[Balance]

your charts look good to me , failed wedge pattern. did mention it might not pan out so reinforces when chart watching you need to be watching and reviewing your analysis all the time. As for bear market , bull market who knows with any certainty we seem to be in and out of these so quick these days are they even relevant anymore? as long they keep printing money thats all the market seems to care about.

Don't fight the Fed.

Doomsday merchants were warned by all manner of billionaires who have been seizing on these 'once in a decade' opportunities to make serious money by NOT panicking and investing wisely in beaten up stocks.

[macduffy]

As they say, when in doubt, stay out!

Also, be greedy when others are panicking.

Take your pick!

[Balance]

Take your pick!

Exactly - depends on how each individual digest all that conflicting views and news out there.

Stay in cash and stay safe or take the risk of buying beaten up stocks and be ready to stay the distance.

Either way, make sure one can sleep well at nights.

[bull....]

Don't fight the Fed.

Doomsday merchants were warned by all manner of billionaires who have been seizing on these 'once in a decade' opportunities to make serious money by NOT panicking and investing wisely in beaten up stocks.

im still not convinced everything is all rosy (economy reality vrs stockmarket reality) to go long term stock positions so remain mostly cash and just trading in and out short term stuff. the fed can print all the money they like but none of us know what implications this has long term.

[Balance]

im still not convinced everything is all rosy (economy reality vrs stockmarket reality) to go long term stock positions so remain mostly cash and just trading in and out short term stuff. the fed can print all the money they like but none of us know what implications this has long term.

Implications are glaringly clear actually!

Results of the massive money printing during the GFC is there for us all to see, surely!

[Balance]

https://finance.yahoo.com/news/fed-p...213347357.html

“This is the time to use the great fiscal power of the United States to do what we can do to support the economy and try to get through this with as little damage to the longer-run productive capacity of the economy as possible,” Powell said."

Take on the Fed?

I don't think so - it will be like one of our mothballed Skyhawks taking on the Lockheed F35.

[bull....]

Implications are glaringly clear actually!

Results of the massive money printing during the GFC is there for us all to see, surely!

they havnt stopped printing money since GFC , 10 yrs now of money printing and no end in sight

it has driven rates to zero everywhere , ensured that if they ever stop printing now the GFC will look like a walk n the park eg december 2018 rout caused by the fed trying to stop and raise rates.

[Balance]

they havnt stopped printing money since GFC , 10 yrs now of money printing and no end in sight

it has driven rates to zero everywhere , ensured that if they ever stop printing now the GFC will look like a walk n the park eg december 2018 rout caused by the fed trying to stop and raise rates.

Which means they will NEVER stop printing.

So what does do to your money sitting in the bank?