Login | Register

Post Reply 
We are close to a bear market. Triple top
05-30-2019, 08:00 AM
Post: #1
We are close to a bear market. Triple top
https://www.bloomberg.com/news/videos/20...-500-video

Those who know, know! Big Grin
Find all posts by this user
Quote this message in a reply
05-30-2019, 09:04 AM (This post was last modified: 05-30-2019 09:05 AM by karasu.)
Post: #2
RE: We are close to a bear market. Triple top
the bull market has continued to run far longer than I anticipated......but eventually there will come a time when the bears take control
Find all posts by this user
Quote this message in a reply
05-30-2019, 08:38 PM
Post: #3
RE: We are close to a bear market. Triple top
a triple top is usually a sign the market has nowhere to go but down.

I have been unusually quiet about doom and gloom scenarios regarding the stock market, but i think we are ready for a correction at this point.

the market is completely exhausted

we are also below the 200 MA
Find all posts by this user
Quote this message in a reply
06-01-2019, 09:16 AM
Post: #4
We are close to a bear market. Triple top
An observation:

Gold broke 1300 and stuck the landing. It's a Friday, the end of the month, and stocks are down.

Just an observation.
Find all posts by this user
Quote this message in a reply
06-01-2019, 12:27 PM (This post was last modified: 06-01-2019 12:28 PM by Chaos Reigns.)
Post: #5
RE: We are close to a bear market. Triple top
Usually very little happens in the summer months, in terms of changes of direction. Firstly because it is summer and people are naturally optimistic, this time of year (northern hemisphere, ofc).

But secondly, because it is only the junior traders that are in their City of London and Wall St offices. And they have a sort of mandate from the senior traders, to not do anything crazy. So everyone gets sort of the same orders, long Netflix, Facebook, Amazon and Google, but the only difference is some tweaks to the HFT (high freq. trading) algorithms, and how much options exposure they take on, between traders/firms.

So I very much doubt we will have a crash before Sep/October, which is when crashes historically occur.

(Sell in May, and go away, is the saying)
Find all posts by this user
Quote this message in a reply
06-01-2019, 12:34 PM
Post: #6
RE: We are close to a bear market. Triple top




Almost got him!
Find all posts by this user
Quote this message in a reply
06-01-2019, 02:09 PM
Post: #7
RE: We are close to a bear market. Triple top
(06-01-2019 12:27 PM)Chaos Reigns Wrote:  Usually very little happens in the summer months, in terms of changes of direction. Firstly because it is summer and people are naturally optimistic, this time of year (northern hemisphere, ofc).

But secondly, because it is only the junior traders that are in their City of London and Wall St offices. And they have a sort of mandate from the senior traders, to not do anything crazy. So everyone gets sort of the same orders, long Netflix, Facebook, Amazon and Google, but the only difference is some tweaks to the HFT (high freq. trading) algorithms, and how much options exposure they take on, between traders/firms.

So I very much doubt we will have a crash before Sep/October, which is when crashes historically occur.

(Sell in May, and go away, is the saying)

yes but we've also almost never had a bull market last this long

expect the unexpected

very strong resistance at the triple top area, with each successive attempt, peaking lower.

bad bad technicals

Those who know, know! Big Grin
Find all posts by this user
Quote this message in a reply
06-01-2019, 11:54 PM
Post: #8
RE: We are close to a bear market. Triple top
visual representation of triple top. It's simple... you try 3 times to break through , you fail and get demoralized.

[Image: triple-top.jpg]
Find all posts by this user
Quote this message in a reply
Post Reply 


Possibly Related Threads...
Thread: Author Replies: Views: Last Post
  Berkshire Makes a Bet on Gold Market That Buffett Once Mocked SometimesThe Heart of a Turtle 10 324 08-20-2020 06:25 AM
Last Post: Chaos Reigns
  Cass Sunstein's Top 5 Most Dangerous Conspiracy Theories EVILYOSHIDA 44 15,448 08-17-2020 10:36 AM
Last Post: pilgrim
  Top Tik Tok "KAREN" vids EVILYOSHIDA 27 1,582 07-30-2020 08:57 AM
Last Post: EVILYOSHIDA
  TOP GUN 2: Maverick -Trailers & Behind the Scenes pilgrim 17 750 07-09-2020 09:39 AM
Last Post: THE_DEAN

Forum Jump:


User(s) browsing this thread: 1 Guest(s)