MisFit Kid Posted October 27, 2017 Report Share Posted October 27, 2017 Looks like Today is all about the MEGA CAP - FANG TECH But definitely not conscious.......or with Good Karma...... >: How many more ETF's can they devise........ Link to comment Share on other sites More sharing options...
potatohead Posted October 27, 2017 Report Share Posted October 27, 2017 You guys are such downers! Coming from the guy who may have just coined the term "Super Crash" :lol: :lol: Link to comment Share on other sites More sharing options...
DrStool Posted October 27, 2017 Report Share Posted October 27, 2017 Here comes the down elevator. Link to comment Share on other sites More sharing options...
DrStool Posted October 27, 2017 Report Share Posted October 27, 2017 Or... Maybe not. Link to comment Share on other sites More sharing options...
DrStool Posted October 27, 2017 Report Share Posted October 27, 2017 Coming from the guy who may have just coined the term "Super Crash" :lol: :lol: Nah, that was my editors. It was part of their huge marketing program for the guy who was in that seat before me. Link to comment Share on other sites More sharing options...
Morpheus Posted October 28, 2017 Report Share Posted October 28, 2017 Looking at the Dow components I see most in two categories: 1) Since 2009 low have formed steady parabolic uptrends :MMM, HD,MSFT,UNH,V,JNJ, JPM [GS, IBM,NKE along with the biotechs also but they broke down in 2015] 2) Late Rally Gang with sloppy uptrends since 2009 but in early 2016 took off (many in smaller parabolas now):AXP, APPL,CAT,CSCO,DWDP,MCD,PG, WMT,CHV Here are 3 charts: MSFT and UNH from group 1 along with the BTK biotech parabola that busted in 2015, now wedging up to a second TOP. My point is these parabolic trends always end as they approach a vertical trajectory with a distinct blow off which is what I believe we are experiencing now. Link to comment Share on other sites More sharing options...
Morpheus Posted October 28, 2017 Report Share Posted October 28, 2017 CAT is in Category 2 Link to comment Share on other sites More sharing options...
Morpheus Posted October 28, 2017 Report Share Posted October 28, 2017 There is a 5-wave bearish wedge in SP since 2009 low that is completing. A final blow off vertically out of the wedge is not uncommon, we could see something pretty spectacular here by years end, likely a success in tax reform would be attributed as the cause. If this plays out EW says a return to the wedge origin occurs rapidly meaning a "Super crash" starting in 2018 Link to comment Share on other sites More sharing options...
DrStool Posted October 29, 2017 Report Share Posted October 29, 2017 Nice work! Those are linear charts. In percentage terms the uptrend is slowing, no? Link to comment Share on other sites More sharing options...
Morpheus Posted October 29, 2017 Report Share Posted October 29, 2017 I don't really see the trend slowing on either weekly log charts of SP and Dow, most IT oscillators I use are overbought but not weakening or diverging. Dow is at top of its uptrend channel however and SP in the middle. Since the early '16 low you probably know a lot of the measures of market internals have been lousy and getting much worse along with record low volatility and record highs in sentiment indicators. To me this feels a lot like '99 again, we have had another lengthy expansion like under Clinton, it just didn't feel quite the same since we had to climb out of such a big hole but Trumptimism's irrational exhuberance is now on full display! Link to comment Share on other sites More sharing options...
aussiebear Posted October 30, 2017 Author Report Share Posted October 30, 2017 ---> Merry Monday http://www.capitalstool.com/forums/index.php?showtopic=13100 Link to comment Share on other sites More sharing options...
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