It appears current times are very uncertain, easy to get lost in too many indicators
Let's take a look again at some known patterns, again 1929
Like a magnet...pushing up and down SPX with a very similar pattern even in the two recent spikes up.
Let's test the model now, which suggest a dramatic drop to 2500 area by October 20th.
Don't forget that people, under stress, tend to repeat the same behavior
Very curious to follow this one
By the way - if I had to look at some specific indicator, VIX is suggesting that all the bears are still around, alive and kickin'
So I believe 2500 will be our new target within the next 20 days.
The Dude abides.
Cheers
Let's take a look again at some known patterns, again 1929
Like a magnet...pushing up and down SPX with a very similar pattern even in the two recent spikes up.
Let's test the model now, which suggest a dramatic drop to 2500 area by October 20th.
Don't forget that people, under stress, tend to repeat the same behavior
Very curious to follow this one
By the way - if I had to look at some specific indicator, VIX is suggesting that all the bears are still around, alive and kickin'
So I believe 2500 will be our new target within the next 20 days.
The Dude abides.
Cheers