Mostly: Classical

[Andy R]

F- Flushing Sound?? Could you be more specific? Are you implying that what we have seen so far is simply rotation in the bowl and the big drop is to come.

I also am all cash and further am not trading, as with yesterday. Have not touched longer term investments but looking into possible sectoral rotation based upon rising possibility/indicators of, recession, stagflation.

I appreciated the article posted by Basserdan and would like for the commentator to be correct about monetary reflation but not what we are seeing. At this point western bankers still fixated upon inflation and raising rates as the EU just did.

As for technicals IMO charts have failed at key levels and are broken. The head and shoulders I worried about on DOW and many other charts such as HL etc. looks increasingly real even though the right shoulder on the dow was slightly lower than the left, yet on HL NG etc classical chart formation with neccesasary volume characteristics as well. If so the neckline has now been broken.

Careful out there
Andy