Apple IS the market. The peak of the market has a name and a shape, and the name is eyephone and the shape is apple. The recent crisis in stock market, didn't affect companies like Apple. They did not fall for the FED trap. It is not surprising though, since it is the apple month of September. And after the great reset they will be one of the survivors. PS. The...
Ever wandered about how many BTC are in circulation? And how it's price would change if we took this into account? I searched a little if there is a ticker in here that tracks it but didn't bother. Instead I did the comparisons in Excel. The BTC price has many sides... Orange Line: Absolute BTC Price - Now $16,680 Blue Line: BTC divided by it's total supply -...
This chart shows the periods with inverted 10y2y yields. Usually inversion doesn't lead to recession, like 2008. However the similarities with 2000 are striking. 3 Years ago we had a brief yield inversion, like in 1998. Then a second inversion occurred, bringing prices down with it. The same happens now. Half of the bubble burst occurred with yields inverted....
It is like 1969, only exactly the same. (A quote Ashens would say) Sticky inflation begins Gold stagnating Cheap oil, and then not that cheap Space exploration And the following years after 1969, look what happened to: Inflation: Remained for 10 years Gold: After a disappointing drop in 1969-1970, it exploded 19x until 1979. Oil: Increased 10x until 1980 Space:...
The product of SPX times DXY shows something incredibly interesting. A probable scenario for the following months is this: DXY has shown the last days some small signs of stagnation, but its future looks very optimistic. Sure we may have periods of price staying the same, but the train cannot change direction. SPX and the other main US indices, may follow the...
SPX has clearly violated a trend line of this Renko chart. After a false-breakout of the channel, now we progress further downwards. This chart may suggest that even though we have had consistent growth for the last years, every time we cover less and less ground upwards. The next leg up, may lead us to the bottom of the channel and a rejection. Only then we can...
The DXY normalization is far too good. Make good use of it, and make improvements on it, as you must. The accuracy, in even such long timeframes, is incredible. For the retracements, the magnet tool was used, and the retracement is in fib scale. Therefore nothing was placed by chance. Also look at the short-term accuracy. Look at the standard SPGSCI. It is...
As someone who works in industry with large consumption of diesel fuel, we are very concerned and interested in fuel. This past few weeks while gasoline is dropping, diesel fuel is in a price similar to the beginning of Ukraine war. So when will prices go back to "normal"? As you can see in the included image, relative price between gasoline and diesel is very...
RB1! by itself doesn't like to follow retracements. That is because it is not normalized with dollar strength. After all, gasoline consumption is highly affected by the strength of the average salary. Also take a look at where we landed. Crude and its products show strength during the last weeks. The point we are testing is not a random point, as the standard RB1!...
I have stated in previous ideas that stonks vs commodities are gonna lose big time. And this is more clearly observed comparing the main indices with something of value (like silver) to compare this century with the last one. Silver is used because gold used to have a relationship with USD. Now we normalize RB1! by multiplying it with DXY. This calculates the...
Now we are in a thick moving sand. We need to drop much further to find solid land. A way of looking at the clouds is as if they are mud. We are dropping as if we are very big, heavy and slow. I have drawn some possible support levels. The upper 3 are taken from the DJI/M2SL ratio, and the bottom one is taken after we scale appropriately the GFC. We need to mind...
It's traps all the way down. And each one larger than the last one. Maybe one even larger is coming, who knows? Only the hunter knows, who is setting traps to take your money. And that hunter is big tech or whoever is rich enough to set them up. Tread lightly, for this is hallowed ground. -Father Grigori
The anatomy of these two bodies are identical. The murderer the same. The "plateau" that was shaped in 2004-2006, is identical to 2018-2020 The chopped off head exactly the same. Traders in 2008 had no clue (?) what would happen. (I doubt it, many knew very well what was happening) Now that we have a direct counterpart, and a not so distant one, comes the...
For the first time, ever, as a species, immortality is in our reach. Oops forget it, this is from another script. For the first time, since quite some time, NDX's RSI is almost ready to: Close below 50, retest 50, and drop below it yet again. Only 10 days for it to change its mind. Maybe the point of no return is long-gone... Tread lightly, for this is hallowed...
Please read to the end, for a probable explanation that falsifies this one. We are living the precise events that led up to the 2000 .com bubble burst and the subsequent 2001 recession. Now however, there was no blow-off-top event to make the two events identical. Back in 1998, there was a "black swan" event, which was more apparent in DJI/SPX. This was caused...
Alternate title: We are filled to the brim. Revelation day. Today, August inflation numbers were revealed to us. Fear struck investors, because high inflation would cause higher rates, thus recession. Immediately, a sell-off began in SPX and other indices, the majority of which lasted mere minutes. But this is not entirely correct. The cause of today's pain was...
A Head and Shoulders is probably forming on decreasing volume. Or maybe it will evolve in a bear flag, who knows? We are still below the downwards trendline. If H&S doesn't form, well, I'm wrong again... See you on the weekend of 24-25 of September. Only then we will find out. I hope the guy in German parliament is talking about financial collapse and not...
I suppose you bought the dip. Look at what you have created. -wink- A very obvious bear flag. Make your escape when it's time.