fxfox Posted September 13, 2022 Report Share Posted September 13, 2022 11 minutes ago, DrStool said: Annualize it to 7.2% and it's no worse than it's been. Right? No. Not right. Last reading was 0.3, annulized 3.6, now we have 7.2 annualized, far more than expected and far far more than some whisper numbers which made the round. Link to comment Share on other sites More sharing options...
Jimi Posted September 13, 2022 Report Share Posted September 13, 2022 2 minutes ago, fxfox said: No. Not right. Last reading was 0.3, annulized 3.6, now we have 7.2 annualized, far more than expected amy far far more than some whisper numbers which made the round. Annualized higher from compounding. Link to comment Share on other sites More sharing options...
The CoinGuy Posted September 13, 2022 Report Share Posted September 13, 2022 From my perspective. Nothing...has to make sense. Only the market itself...is a leading indicator. Fundamental assumptions(aka: your own narrative) need not apply. I’ll repeat... The first rule I teach. Define the patterned behavior within the issue(or area) of interest...and then teach the student(s) to trade the issue against(in comparison to) itself. This should begin to make sense… TCG oh...and... The last rule? Events(in this life) are nothing more than Fractals Fractured(Staggered) by the Nature of Time. Link to comment Share on other sites More sharing options...
Jorma Posted September 13, 2022 Report Share Posted September 13, 2022 I'd call it a crash but we have only corrected 4 days of trading. Link to comment Share on other sites More sharing options...
TurdButter Posted September 13, 2022 Report Share Posted September 13, 2022 Even a stopped Prechter is right once a day. And a uncomplicated Ewoof look appears to be a third of a third downside. 8.3% y/y and probably worse in reality, esp rent and houses, still. Western nations have had that kind of inflation very rarely since WW2, partial exception the UK in the 70s. And not at all in 40 years. Link to comment Share on other sites More sharing options...
fxfox Posted September 13, 2022 Report Share Posted September 13, 2022 17 minutes ago, Jimi said: Annualized higher from compounding. Ah ok. https://www.bls.gov/news.release/cpi.nr0.htm Interesting: “JANUARY 2023 CPI WEIGHT UPDATE Starting with January 2023 data, the BLS plans to update weights annually for the Consumer Price Index based on a single calendar year of data, using consumer expenditure data from 2021. This reflects a change from prior practice of updating weights biennially using two years of expenditure data. https://www.bls.gov/cpi/ … gives them more room to „tweak“ the data 🙄 Link to comment Share on other sites More sharing options...
Jimi Posted September 13, 2022 Report Share Posted September 13, 2022 This guy is advising people on CNBC presently. Link to comment Share on other sites More sharing options...
The CoinGuy Posted September 13, 2022 Report Share Posted September 13, 2022 Do your brain a favor and just toss the television out the window... I'll be here the moment we cross 3750. TCG oh...and... From my perspective. Two weeks from now...today will be remembered as nothing more than a blip(on the screen). While at a later date, our current decline from the January 5th peak will be viewed(overall) as a "cascading" decline...the crash phase will not show up until shortly after the rest at 3250. Now...I say the above with one caveat. When you have a 1x/1x decline with 3250 as the rest area(3250 being the line of division). Then you CAN receive two mirrored crash phases, one before AND one after. Even though I do consider this to be an unlikely proposition....it does have to be mentioned as a possibility. Lastly... I'm not in the office at the moment(health issue), but I do believe the 14th was on my list as a short window? If I recall...it wasn't much of a window and only popped up every few years. Although, you never know. I willl repeat...the 21st to 22nd are what I have my thoughts on. Link to comment Share on other sites More sharing options...
DrStool Posted September 13, 2022 Author Report Share Posted September 13, 2022 55 minutes ago, fxfox said: No. Not right. Last reading was 0.3, annulized 3.6, now we have 7.2 annualized, far more than expected and far far more than some whisper numbers which made the round. C'mon man. That's just Wall Street BULLSHIT. I've been posting this chart every month. Yeah, it's an uptick. No, it has not broken out of this year's range. Wall Street set everybody up to cover their shorts, and when they did, this is what happens. Were they shorting the rally? You'd better believe it. This was their payoff. Link to comment Share on other sites More sharing options...
fxfox Posted September 13, 2022 Report Share Posted September 13, 2022 30 minutes ago, Jimi said: This guy is advising people on CNBC presently. Link to comment Share on other sites More sharing options...
fxfox Posted September 13, 2022 Report Share Posted September 13, 2022 29 minutes ago, DrStool said: C'mon man. That's just Wall Street BULLSHIT. I've been posting this chart every month. Yeah, it's an uptick. No, it has not broken out of this year's range. Wall Street set everybody up to cover their shorts, and when they did, this is what happens. Were they shorting the rally? You'd better believe it. This was their payoff. Yes correct. I already posted the link to the compouned annualized number. The 4 day rally we had was fueled to a good part by stock buybacks by mega caps. Chart looked like buying on auto pilot. We enter frozen zone soon, so they had to buyback and this triggered the usual FOMO suspects with it. Link to comment Share on other sites More sharing options...
Jorma Posted September 13, 2022 Report Share Posted September 13, 2022 1 hour ago, DrStool said: what, I ask you, is so terrible about today's CPI print that it justifies this? The answer: absolutely nothing. The market isn't trading on news now. There was no 'news' explaining the absurd rally 250 point rally. You will know when the news really hits. Link to comment Share on other sites More sharing options...
tradermark Posted September 14, 2022 Report Share Posted September 14, 2022 Do your brain a favor and just toss the television out the window... I'll be here the moment we cross 3750. TCG oh...and... From my perspective. Two weeks from now...today will be remembered as nothing more than a blip(on the screen). While at a later date, our current decline from the January 5th peak will be viewed(overall) as a "cascading" decline...the crash phase will not show up until shortly after the rest at 3250. Now...I say the above with one caveat. When you have a 1x/1x decline with 3250 as the rest area(3250 being the line of division). Then you CAN receive two mirrored crash phases, one before AND one after. Even though I do consider this to be an unlikely proposition....it does have to be mentioned as a possibility. Lastly... I'm not in the office at the moment(health issue), but I do believe the 14th was on my list as a short window? If I recall...it wasn't much of a window and only popped up every few years. Although, you never know. I willl repeat...the 21st to 22nd are what I have my thoughts on. And what do you expect on the 21st or 22nd ? Link to comment Share on other sites More sharing options...
The CoinGuy Posted September 14, 2022 Report Share Posted September 14, 2022 Good evening tradermark... I'd be appreciative if you'd edit my complete post out of your question. Thanks. TCG Link to comment Share on other sites More sharing options...
DrStool Posted September 14, 2022 Author Report Share Posted September 14, 2022 3 hours ago, tradermark said: Do your brain a favor and just toss the television out the window... I'll be here the moment we cross 3750. TCG oh...and... From my perspective. Two weeks from now...today will be remembered as nothing more than a blip(on the screen). While at a later date, our current decline from the January 5th peak will be viewed(overall) as a "cascading" decline...the crash phase will not show up until shortly after the rest at 3250. Now...I say the above with one caveat. When you have a 1x/1x decline with 3250 as the rest area(3250 being the line of division). Then you CAN receive two mirrored crash phases, one before AND one after. Even though I do consider this to be an unlikely proposition....it does have to be mentioned as a possibility. Lastly... I'm not in the office at the moment(health issue), but I do believe the 14th was on my list as a short window? If I recall...it wasn't much of a window and only popped up every few years. Although, you never know. I willl repeat...the 21st to 22nd are what I have my thoughts on. And what do you expect on the 21st or 22nd ? Tip: When quoting another post, just click the Quote link at the bottom of the post. Link to comment Share on other sites More sharing options...
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