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Re: jumanji0881 post# 32393

Friday, 11/23/2018 8:04:01 AM

Friday, November 23, 2018 8:04:01 AM

Post# of 37921
I hope all had a great Thanksgiving...
I don't post often, but still read daily.
So at this point not sure what will spark a rally
and what will prompt upward strength
lasting more than a day or two...
Within a couple of weeks we'll see death crosses
on the major indexes, we have plenty of overhead resistance.
Since this heavy downside started approximately October 1st,
we can already imagine how ugly many investment 4th quarter
reports and 401k statements are going to be.
All of this will prompt drops in confidence, in discretionary
spending, possibly even in how 2019 budgets are set.
We have started into the downward spiral that is so hard to cure.
The "powers that be" will have to inject monstrous stimulus
in order to right the ship and not sure that will do it for any
extended period. As you can tell, I am in the bear camp and looking to
Short any spikes... Also watching the volume on indexes to
see if a true capitulation day and reversal can be found.

Here's a good chart list to see how the action went during previous downturns.
https://stockcharts.com/public/1684859/tenpp/17

I wonder what ever happened to David Larue's list.
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