Is the Bear market that began January 2022 over?

Boyz, take my advice, study Overnight's posts especially all his talks with me. What you are looking for is depth of conviction, depth so deep ................ you will recognize it as 99% bulls = one-sided trade. He has no chance of winning

Do I hate him for being oppposite thinking? hell no! I love the guy. How much sh*t have I taken from him already in 3 weeks? Tons! All part of the game. But this boy trades with skin the game. I will listen to every word he says. But then I must make my own decision. I got to live with myself not with Overnight!

 

There's only a few days more for this thread to take the first turn, i.e the rally to fizzle

Then it will unravel fast as its a 3rd wave

 

It doesn't take a genius to recognize me as a perma-bull, as I have stated this on this forum many time before, flat-out. What I do not like are perma-bears, and you calling for SPX of 2900ish is perma-bear nonsense. That is emotional, not analytical. Your e-wave emotions are going to get you clobbered. Trade lightly, my friend.

 

The harder they come the harder they fall one and all

 

Fair enough, can't argue with that

 

You have seen enough of me here to know that my thinking is chart based, not emotional

 

Nope. I think you have crossed a line here. You want it to work so badly you are making calls which do not fall in line with pure TA. You are going off the rails on some of your calls. Read back on some of the stuff you have claimed can happen, and you will see. Self-reflection, man.

For example, I am a perma-bull, but even I do not think we can close SP over the point it started the year which was around what, 4800ish? Until we get the critical Fed meetings of Q4 out of the way, and unless they are dovish, the SP will close slightly negative for the year. That is a FA thought process, based on the mechanics of the entire economy.

As for that John Lee or whomever it is on CNBC who called for 5100 year-end on SP? He's NUTS!

With all that said, I am still a bull, and am trying to net positive my Sep MYM position, so I just went long in Dec. I believe the PPT tomorrow will give an extra kick to the markets. Commo prices have fallen so much, so surely the PPI should be lower than expected. Plus the overnight markets should cheer our CPI print today.

 

Of course ET will criticize Harry Dent.

 

Yep, I will be one of them. He said he thought the 2008 crash and recession should have been deeper and longer. I stopped watching at that point. Nobody cares what he thinks. What we care about is what happened.

 

Got it. Thanks