Hi Rivers 1, it's good to see you, too.
My Indicator which is comprehensive in scope to cover the larger market status, indicates the direction of the market by the successive changes that I observe (when I can) and growth of its momentum in its internal strength.
As I have been 'reading' it for few years now, I hope I am becoming more adept in my interpretation. I care for objectivity probably because of my engineering education and background.
Having said that, forecasting bear and bull markets is largely guesswork. And the depth/magnitude of any correction, whether in bear or bull markets, requires more than interpreting my Indicator. But it serves my like high beams of a car seeing the curves of the market.
Bearish signals? It does show the changes and direction. But how deep a correction will be is another matter. It's a real challenge that different technicians approach it differently based on their knowledge and skills.
I think an ability to have an 'insight' into a coming bear let alone its magnitude is a most daunting challenge. I think such a person requires to know much more than just being good at reading/interpreting TA charts. I think the knowledge of stock market history, FA, TA, an ability to interpret economic data, knowledge of Cycles (bull/bear and the type applicable to the current environment), psychology of times, etc. all may help.
I am in agreement with your observations as to the political situation at this time.
Last Spring and Summer I was not able to continuously update my Indicator because of vacation and travel.
Good trading/investing. JJ
