Thanks Airlift and FAAM, I'm just trying to contribute things I pick up on other blogs that could be of interest. FAAM I see you're an engineer (me too, Chem Eng) and a 10-year Army Vet, my stepson is on the verge of joining the Army, and my wife is a 10-year Navy vet....and yes, Go Cougs! Tomorrow the flags will be waving proud on ESPN's Game Day. One of my brother's is going to the Beavers game, sounds like it will be a sellout and good weather, lots of fun and my gut says they will finally minimize the mistakes and slap the Beavs around pretty good.
OK, a couple more charts...first is a simple bond "T" that shows rates last bottomed way back in 1946, then peaked in 1981. That's 35 years up for rates, and using the T concept there should be a corresponding 35 years down. That happens to be next year, 2016, which I find interesting since a low in rates (and multi-decade peak for bonds) could definitely align with the bottom of this bear market in stocks...assuming we're in a bear market...I think we'll have that answer by mid-November.
https://www.dropbox.com/s/kakt6ku7f1favng/Bond T Sept 2015.jpg?dl=0
Whether you're bullish or bearish on stocks the odds are very high that next week we'll get a pullback since we've just completed a pretty 5-waves up pattern since the late September bottom. Just a mild 38% pullback would be near 4%, and I'm hoping it drags out to the end of the month since I can't get in until 11/1. But then it's decision time. Does the market take off in a larger wave 3 up into December?...or do we just get a small rally then a bigger decline? The bearish view is PUGs view and he's the best EW guy I know of...
https://twitter.com/pugstockmarket (ah, balloons...cool, today is his 49th birthday)
This chart sorta looks like that point where Wile E. Coyote is hanging out in mid air, about to fall to earth:
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A great update by McClellan today. He's still bearish and explains why...
McClellan Oscillator Interpretation - Free Weekly Technical Analysis Chart - McClellan Financial
I'll be looking for that oscillator to drop sharply and go below zero in the next few weeks.
Last, for any 3 peaks and a domed house fans out there, this one was drawn back in July. His points 26 and 27 happened perfectly, just need to shift them over a bit to match. What comes next is not pretty.
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