SPX daily 2 juicy telling trendlines pierced as Macd crosses 0-line still pointing up at 45 degree angle. Yeah baby, nobody said it would be easy. So what's a fella to do? Simple. TREND reversal declaration already done in Jan 2022. Focus for next 2-3 years is Short. But one must be alert for Wave 1 down ending because a significant rally will take out more than half your spoils of war. You will still be OK down the road because the trend is down and all rallies will be fully retraced but you will not be comfortable giving back 50%+ http://tos.mx/nxT1a7n
Let's all meet at the Park and party like there's no tomorrow! When? As soon as the Dow Jones, Naz & SPX next support level is taken out and the market speeds southbound again - the cries on CNBC will be yuge. Why? Because banks are holding mortgage debt that is sooo shaky ............ people are just going to walk away from that debt and go stress free and realize they can enjoy life - finally - all they had to do was to disagree with the extant stupid system of slavery The party at the Park will go like this - people will be overjoyed to see other party goers and will rush to join.
People who have grown up mentally tender, soft, cuddly and warm during the Everything Bubble of the Economy will not have the kahunas to sustain themselves during a dramatic downturn. Every damn thing jut went up and up and up. They got used to this. By the time the next Election comes around Joe could be at 5% approval rating. Trump is lucky to have lost. Had he won he too would be humiliated by this 2 degrees of Trend Bear market. He would stand no chance although I would admire his courage and fortitude and speed of particle flow in getting the job done. Nobody is a match for Bear. Nobody! that's just the way it is! Stock market trading/investing wisdom and best EDGE ever, no other EDGE comes close ......... never go with the crowd, always bet against the crowd at crucial moments (turns in stock market jargon). It a trade is too one-sided its going to turn sharply and kill 'em all. Best example in all of American History? Universally hated by everybody, The Donald had no friends. I don't give a rat's A about the 2 parties but this is a Man who is so entertaining he made a friend out of me instantly. This is why I could not stop laughing for weeks as all the dummies got slaughtered for not following commonsense .... namely, the CROWD is always wrong at critical moments
HOUSING = America's ATM ........... on your marks, get set, ready to go, we are on the verge of a catastrophic Firesale Don't say you weren't warned to be prepared .............. Existing Home Sales are already crashing like there is no tomorrow. Wave 3 down is underway. China, New Zealand, Australia, Canada, you name it, all on verge of massive firesale in raace to the bottom. All this while prices are still near record highs. Yikes! I'm always on the safe side in Housing because I use the PHLX Housing sector Chart. Never fails me. So I know-ed back in May last year that the top was in .............. soooooooooooooooooo much qucker thanthe gurus of Housing were going on and on about how Housing would climb forever. When I left the Housing arena the exits were so empty it was as if the restrooms had never ever been cleaned, there jut was not a single person there. So obviously I walked out all alone - as usual Yours truly getting cott in a stampede for the exits? No way, Jose. I always leave early
Pick your dream HOME now, in your dream location, then sit tight till 2024, then buy at 10 cents or less on the dollar. That is then your retirement home. Malta? Portugal? Bali? Goa? Get to know this guy. His name is Moses. Such high quality information.
Hey guys, 1 US dollar = 80 Indian Rupees. You know me. I'm a currency trader from a different planet. It is my forte. Now dig this: What you are seeing in the video is generally under $2 per dish. Its the strong King dollar that gets you top-notch value for money. Always pay in rupees, always always always. I expect since the Dollar is going to be the destruction of developing and 3rd world countries, that the rupee might hit 120 to the dollar and if you go to Pakistan it could be 1000 rupees to the dollar, everything would seem free of charge. Wait till Moses takes you to the fish reataurants of goa - Pomfrets with the flaming red masala, caju feni drinks. Jesus H Christ I was in Heaven.
SPX bottom callers suffer from one malady. There is NO cure in Medicine for this ailment. Only Wave 3 can cure this by thoroughly disabusing them of such a notion. Keep in mind that they are not calling for a bottom that just generates a rally - no, they are calling for a resumption of the bull implying that the all time top will be taken out and the bull continues unabated. So with that in mind I have a very special gift for them. Its a gift in a nice box with a beautiful wrapper. Inside the box is a nice card with some gorgeous txt titled, "The Great Depression of 1929" It came with a surrealistic slowness ... so gradually that on the one hand it was possible to live through a good part of it without realizing that it was happening and on the other hand, it was possible to believe one had experienced and survived it when in fact it had no more than just begun. (We are on July 24th, 2022 at or near that same point)
The downward acceleration, when it gets underway will so staggeringly shocking to behold, it will be a Wonder of the World. And this is only during the first wave down. Wait till we get to (3) much later down the road and you will see some stunning moves never recorded before - EVER The 3rd of 3rd wave is the domain of breakaway gaps. America's ATM machines cross country will break out of their chains that bind them to the walls and bolt for the mountains like there be no tomorrow - how can you know of this event in advance, like for example today? See my Housing chart ............ when the red dashed line at the bottom of chart gets taken out again, that will be it! http://tos.mx/PytJbxM