The turn was the BEAR crash from Jan 3rd turning on June 16 with the rest of the Indexes. The turn I am now interested in is the turn of A/D Line towards the south. Not yet, ditto for all the Indexes, all still pointing north. I wait pay-shuntly
Someone a Long LONG time ago, before you joined this site, commented in my journal about "What if the market never comes back?" in reference to me being bullish. I do not recall if I directly replied back to that comment, but the US indices always "come back". Always. Sometimes it takes a few weeks, sometimes a few months, sometimes a few years. But in this day and age, with breakers and the FED and social media, the bear market is not something that can always "come back." It is simply the fundamental nature of how the indices are structured.
Thanks for that. Very grateful. I have considered this too but it does not diminish that you have just said it, it actually re-alerts me to try not to be stupid and brash as I am prone to now and then.
Any sane Man looking at the SPX or in this moment the NYA daily sees the 3 warriors soldiers in green marching or striding north. Its enough to shake any Man's resolve. The HERD is bellowing to me to turn around and run back into their arms and they will comfort me and give me coffee and pastries and a massage to cure my aching bones. They were shocked when I turned around to face them and bowed in total respect for their well wishes and said, "Lads, this is MY moment of truth to become a bigger Man or get mauled or dai having tried what my own soul demands" They shake their heads in disbelief.
Next time, i.e. if we do get a continuation BEAR keep this indicator in your arsenal ALWAYS Why? It pays yuge dividens not always but when it does its outrageous in terms of divergence as int he case of yours truuly cotting the Nov 21 top and then thinking I jumped the gun in exiting but by the time Jan 2022 rolled around the divergence in the A/D Line allowed me to light up a Seegar and pour some nice red wine and enjoy as the SPX top had to, had to, had to, had to inevitably follow very soon It did
[ THAT may have helped the sellers\ bears \main trend anyway\ some longs took profits FRI afternoon................................................................................................
Alert! Alert! Alert! Reversal of the CENTURY expected anytime now. Short will be the way to go for the next couple years as the Primary downtrend takes over from the bear rally that is in its late stage and last breath. The RESISTANCE ZONE has to "trigger" = "ignite" = "spark" then the downward force will ensue. I will be adding to shorts like there is no tomorrow as soon as ignition is detected by yours truly. Caution: I am a loser. I am down $7,448 on my current open QQQ short in main thread. I am a loser. I am down $7,448 I am a loser. I am down $7,448 I am a loser. I am down $7,448 I am a loser. I am down $7,448 But I am ready to get into the thick of battle as the Market will see things my way. Just as an aside. If any of ET agreed with my modus operandi I would quit now and become a doctor. I rarely get any agreement in what I do in Life but when the chips fall I end up winning! Is this time an exception? Meaning ...... . . is this the time I will have my ass and head handed to me? It could be. but that won't stop me! I do what I do. Good luck to all.
NO votes are at 28. No change in my stance, not one bit. 100% committed to resumption of the Primary Bear Market. I'm such a loser! I'll drink to that! When very close to Ignition, there will be a distinct sense of steam and vapor emanating from the Dow Jones. then within seconds or minutes the gains will stat to be given up. Then you will know that Ignition is close and round the corner. Gap down on ignition will be yuge Be prepared and alert! See you all at Duke's Place