06/18/2022 Weekend Update

[Cobra]

Down 3 weeks in a row, the next week has 52% chances to close up, 68% chances to make a lower low.

[koolblue]

[koolblue]

[jademann]

Weekend wall st down 173. Bitcoin down 9% to 18900.

[merryme]

Bitcoin has broken through a HUGE major structure of distribution that took an entire year to complete. Support starts around $12,000 but that is doubtful and most likely will not hold. (Hope I am wrong because I know loads of folks are taking a beating.) The breakdown at $26,323 was the sell signal.

Notice that we don't have a BItcoin capitulation volume yet. YIKES....How much pain can a person take?

[koolblue]

gettin fat off broken dreams!

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[koolblue]

Hey friends, google up this marketwatch article by Mark Hulbert. Very interesting reading!" With the S&P 500 now in a bear market, despair and capitulation are the next stages of investors’ grief"

[Trades w 2 Cats]

Hey friends, google up this marketwatch article by Mark Hulbert. Very interesting reading!" With the S&P 500 now in a bear market, despair and capitulation are the next stages of investors’ grief"

Thanks for that. Now we know. However, he does eventually conclude that attitude is not a reliable indicator of the final bottom.

[koolblue]

Yeah but the main thing i was trying to show is those(many money managers) people who think the very low sentiment indicates THE bottom is not necessarily true. Sentiment is worst before the -20% threashold than the actual price botttom..Thats interesting.

[koolblue]

I also like this one, over at investing.com. Like the Hulbert article, they both offer evidence on a bear bottom, maybe close but not yet.".Stock Market Technical Trends Are Getting Worse, Not Better
By Michael KramerMarket OverviewJun 17, 2022 07:37AM ET "

[Xian]

https://www.barrons.com/articles/fed-in ... 1655495956

"The Fed Can’t Fix What’s Driving Inflation. But It Can Start a Recession."

[koolblue]

Weekend wall st down 173. Bitcoin down 9% to 18900.

fell to 17500 this afternoon!

[te_fern]

Over the weekend, please take a little time to vote for Cobra, thanks: https://stockcharts.com/public/1684859/ ... /533449377

[jademann]

4820 down to 1820?. Its happened before:

[jademann]

3230 might be a short term target assuming not the end of the world..

[cletus]

Jim Cramer has capitulated which is a sure sign the bottom is being put in. This guy was bullish at 4,100 and now is bearish at 3,700. Does this sound right? Shouldn’t one buy low and sell high or is buying high and selling low more ideal? He mentions rising oil…did he not see the 15% crash in oil this week?

[marcueus2]

Jim Cramer has capitulated which is a sure sign the bottom is being put in. This guy was bullish at 4,100 and now is bearish at 3,700. Does this sound right? Shouldn’t one buy low and sell high or is buying high and selling low more ideal? He mentions rising oil…did he not see the 15% crash in oil this week?

market is mathematics, no one of Big Boys(real Billionaires) care about Jim Cramer position

[Cobra]

$AAII bull - $AAII bear shows retailers are way too pessimistic.

[jademann]

I think retail know the FED has no choice but to act fast and hard regarding inflation. The market will not stop going down until rates start dropping again and that is 18 months away at the least. I can remember that inflation was very hard to beat, it took half a decade or more.

[Al_Dente]

THE ELEVEN SECTORS, weekly
The crudely drawn yellow-lines roughly represent the pre-covid levels
https://stockcharts.com/public/1684859