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aussiebear

World Stock Markets Trading Discussion - Carousel cruising

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THOUGHTS ON THE BEAR

Why there was no Christmas rally?

Too much Bear....in such a market all news (including good news) is bad news

Thats why Mnuchin's attempt at a good news story about calling the PPT.

Turned into a bad news story.

The Trump bump and corporate tax cut was the final overvaluation push that set the market up for the bear market.

The tax cut while short term bullish was actually long term bearish as it added to the deficit and pushed up interest rates which pushed down stocks!!!!!!!!!!

All the Synthetic QE from Trump or Mnuchin will not be effective.

Synthetic QE is only effective in BULL markets not BEAR ones.

The thing they really need to do is cut the budget deficit to take the pressure off interest rates.

But they wont do that.

So its back to more printing.

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Sold SLV at $14.10. I'll miss a little upside but I'd rather have the cash to re-deploy. Next time I'll only trade GLD only. For me GLD works better as a hedge. Lesson learned.

Bought a very few shares of ILMN. Just a nibble.  Will wait and see if it goes a lot lower...

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3 minutes ago, DrStool said:

3 day cycle projection also 2260. 

2260 =  61.8 retracement  of 2016 low to this years top.  Also 1.618 extension of wave 3 relative to wave 1  AND takes out the Trump start line at 2276!  200 week SMA is 2350, just tested it.

SP12.26.2018A.jpg

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17 minutes ago, Morpheus said:

2260 =  61.8 retracement  of 2016 low to this years top.  Also 1.618 extension of wave 3 relative to wave 1  AND takes out the Trump start line at 2276!  200 week SMA is 2350, just tested it.

SP12.26.2018A.jpg

Interesting - thanks!

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Europe still closed today. Have to pump the US today, otherwise Europe would open with 5 to 10% down gaps tomorrow. That can‘t be allowed.

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