Have been an ardent follower for over 2+ years now. However this is the very first time we have a contradiction. :-) I see a massive crash coming to the tune of nearly 150-200 points on the S&P. Upside, may be a few points, but downside risk is way too high right now. Any ideas on that side of the trade? Also, i noticed you have stopped covering Bradley dates/waves. That too is indicative of a downtick and then massive rally.
I share your view, but the facts are not there yet. My objective is to assess Mr. Market without a bias and at this stage I see the cyclical bull in the longer term Bear is mature and once it has peaked we will see some more dramatic downside. This leaves us with the question whether X-Mas is the time for the peak or the time for another try before the good will end. At this stage I believe that we are not there yet, we are very close, but have to be patient.
Bradley has shown some amamzing correlations to the market action, but at some point in time it has just stopped. I find it hard to use a tool that has lost its touch. This is exactly why I love my VixOsc and TREND indicator so much because they are exclusively based on peoples real trading positions - no bias! Do I struggle to make sense of some the finding in a fundamental kind of way? All the time! I have accepted that the ALGOS and the Centralbanks control/rig the game.
Give Santa the benefit of the doubt for another week or weeks, let him enjoy the coming fiscal cliff rally and look out for what happens next.
Have been an ardent follower for over 2+ years now. However this is the very first time we have a contradiction. :-) I see a massive crash coming to the tune of nearly 150-200 points on the S&P. Upside, may be a few points, but downside risk is way too high right now.
ReplyDeleteAny ideas on that side of the trade?
Also, i noticed you have stopped covering Bradley dates/waves. That too is indicative of a downtick and then massive rally.
Thots?
Jason_70
I share your view, but the facts are not there yet. My objective is to assess Mr. Market without a bias and at this stage I see the cyclical bull in the longer term Bear is mature and once it has peaked we will see some more dramatic downside. This leaves us with the question whether X-Mas is the time for the peak or the time for another try before the good will end. At this stage I believe that we are not there yet, we are very close, but have to be patient.
DeleteBradley has shown some amamzing correlations to the market action, but at some point in time it has just stopped. I find it hard to use a tool that has lost its touch.
This is exactly why I love my VixOsc and TREND indicator so much because they are exclusively based on peoples real trading positions - no bias! Do I struggle to make sense of some the finding in a fundamental kind of way? All the time! I have accepted that the ALGOS and the Centralbanks control/rig the game.
Give Santa the benefit of the doubt for another week or weeks, let him enjoy the coming fiscal cliff rally and look out for what happens next.