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Just Three Charts
With today's biggest drop in stocks in over 4 months, we are reminded of three recent charts that raise considerable questions as to the path forward. From Mclellan's 1928 analog to Hussman's bubble trajectory and the extremes of bullish sentiment, this week marks a 'line in the sand' for bulls to take this to the Hendry moon or for it not to be different this time...
Mclellan's 1929 Analog...
Hussman's Bubble Trajectory...
Based on the fidelity of the recent advance to this price structure, we estimate the “finite-time singularity” of the present log-periodic bubble to occur (or to have occurred) somewhere between December 31, 2013 and January 13, 2014.
And the Market's Most Bullish Bias On Record...
Is it any wonder there are less BFTATH-ers left?
Charts: John Hussman, John Mclellan, and @Not_Jim_Cramer
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That long term chart should be called "The Recent History of Federal Folly" .... AKA "Bernanke's Morning Wood on Quantitative Viagra"
That S&P chart is one for the ages. Greenspan and Bernanke will be studied by students of economics for decades if not centuries to come.
That chart needs to be engraved on Bernankes head stone.
And future generations will be asking themselves the same thing we are asking, what the hell was the Fed thinking?
I wouldn't touch this bullshit with a ten foot pole.
That last up line, on the first chart, looks like a ten foot pole.
The first meltdown was bad. The second meltdown was worse. And now we are in position for the third and final meltdown. A three year trip down to trend line support at 4800 Dow.
Market action from 2000 is either an expanding diagonal triangle or it is not. So far it looks exactly like one so treat it as such until proven wrong.
Ten percent corection, Ha! I wish we lived in a world where all we had to worry about was a ten percent correction.
Then again if the bottom trend line hplds in 2016 we will be in a world where all we have to worry about are ten percent corrections and "normal" bear markets.
Let's hope this fucker crashes. I bet $100 on the VIX with a 10% trailing stop. Come on, land on red!
Yeah yeah yeah. Still waiting....
They can make this go on for a lot longer. Having said that, the whole point is to save the bankers and they've done that so they can let everything else go to shit any time.
The stock, bond, commodity and currency exchanges have been reduced to gambling dens whereby the more powerful traders with deep pockets move the markets to maximize their own profits at the expense of the remaining not so powerful players. The big boys have enormous money power to move the markets in the direction which results in maximum profits for themselves. They effectively use the media to lure the other players in the market to a position where they would incur maximum loss.
The markets continue to rise till all short positions in the market are covered and the majority of traders move to the long side. Once this is done the market falls till all long positions are closed and short positions undertaken. Then rinse and repeat. The price mechanism has little to do with the actual demand, supply, fundamentals or state of the economy.
www.marketoracle.co.uk/Article40231.html
If you actually understood this you would trade alongside the powerful interests; and soon you would be as rich as you are smart. As it is? you're whinning. Why?
Where are the customer yachts?
[ there aren't any ]
Where are the brokers yachts?
[ there aren't any ... ]
Who has the yachts?
[ goood question, but nobody here ]
***
ZH seems to on ROLL to get people to LOSE as much money as they can,
Let's see the BIG 3 ZH reryligous views
1.) DOW down, nope
2.) USD down? nope
3.) GOLD UP? Nope
3 for 3 ZH is WRONG,
oh and there's one more
4.) BTC to a million, ... in a cold day in hell
Anybody ever did trade, or ever will trade with ZH knowledge, posters, or commenters would lose his fucking financial ass.
The question, begs HOW CAN YOU BE SO FUCKING WRONG?
Will the biggest problem is that ZH prefers to deny reality both yesterday, and today, and is always fixated on the what they want for tomorrow.
There must be a legal view of insanity for this kind of thinking, ... but its certainly insane.
Thank god that the ZH folk don't have any real money, otherwise they would be broke.
Here is the truth about ZH in a nutshell. It shows raw data, info, evidence, and documentation as to the way things really are in regards to finance, economics, and politics.
The lesson learned is that you can't profit from reality, you can only profit from trends (most of which are disconnected from reality.
What goes up eventually comes down. Law of financial gravity.
Crash babby crash!
I want to see jumpers on Wall Street!
Nice Charts, Tyler.
100% bullshit as always, chart's based on chart's ... and chart's mapped to chart's by picking and choosing fits, ... you can scale any data to fit anything,
Why not plot the BTC bubble from 5 years to date, I'm sure the BTC bubble can map to the 1920's DOW bubble, of course it can and does, so fuck what?
The deal the FED is going to keep buying USA debt.
Stock Market loves this shit, and the USD will continue to sky-rocket the MSM will continue to remind the world that last year the DOW went up 20%.
When will this all end? When the FED implodes, and when is that going to happen? When the US-MIL call's it quits, and when? Never
No fucking comparison to today and 1930's USA, back then there were power's that no fucking way would let the FED print to the moon, today everybody in GUBMINT wants the FED to print to the MOON, and they will
FUCK CHARTS and the folks that make them and post them.
Chart's aren't even as good as darts to predict the future, in all of history monkey's throwing darts at the newspaper, is-was a more reliable way to predict market behavior than charts.
Just goes to show you how many MORONS there are on ZH to embrace this dumb shit.
If you were allowed Just Three Holes which would you choose?
Julie Gayet for sure! :-)