Jump to content

Has There Ever Been A Bear Market That Behaved This Way This Long 5/18/23

Rate this topic

Recommended Posts

I don't know the answer for sure, but I don't think so. 

Meanwhile, back at the hourly chart the the ES 24 hour S&P fugutures, we have another minor new high in this up phase. They're pulling back, but probably needs to be below 4157 by noon in New York for it to matter. 


For moron the markets, see:

If you are a new visitor to the Stool, please register and join in! To post your observations and charts, and snide, but good-natured, comments, click here to register. Be sure to respond to the confirmation email which is sent instantly. If not in your inbox, check your spam folder.  

If you're serious about the underlying forces of supply and demand that drive the markets, join me!



Link to comment
Share on other sites

  • Replies 20
  • Created
  • Last Reply

Top Posters In This Topic

Top Posters In This Topic

1 hour ago, SiP said:

German Dax broke to the upside! It will attack the last high and then make new all time high.

See, the thing is this: In 2000-2003 and in 2007-2009 Europe was no where by any means close to reach new ATH. It actually LEAD the downmove and it was absolutely devastating.

This bear is over and it lasted till Oct 22. if we go several 100 points down plays mo role. The inner core of the bear is behind us. Regional banks? Who cares? There are 4000 banks in the US. That‘s 3600 too many compared to Europe. They could all go bk and the overall system would still be alive.

Any downmove which comes close to the Oct lows.after the debt ceiling is lifted, is a buying opportunity.

Link to comment
Share on other sites

You have to look at markets as a whole.

2022 was one of the most devastating markets of all time.

If you look only at S&P500, which is a victim of indexing, you don‘t see it.

Look at bonds too. THEN you see it. Never forget: The REAL investment world looks at bonds, they give a damn about stocks. Those are only for wall street porn.

Link to comment
Share on other sites

5 day cycle projection now 4200. Base breakout measures to 4210. Also trend resistance there. 



Link to comment
Share on other sites

This topic is now closed to further replies.

  • Tell a friend

    Love Stool Pigeons Wire Message Board? Tell a friend!
  • Recently Browsing   0 members

    • No registered users viewing this page.
  • ×
    • Create New...