No Bear Market Just Yet; Dow Jones Skyrockets, Has Biggest Day In History

Wrong. I use ichimoku to determine trend and support/resistance levels, and fibonacci levels for confluence. According to ichimoku, we've been in a daily downtrend since it was confirmed in mid October. The market is at a weekly and monthly support level (~22500), and is currently bouncing.

This is called a "dead cat bounce" or "sucker's rally ", also known as Wave B in Elliott wave. Common wisdom is, buy the first test of support, sell the second.

If the support level of ~22500 holds for the week, this may truly be the bottom. If it breaks, this is official confirmation of a weekly down trend.

I plan to start averaging in after the market drops below 19500, with 75% investment when it hits 15,500, and leave the last 25% in fixed income (where it is now) in case of defcon 1.

I think the market is way overpriced at the moment. Regardless of anything Trump did or didn't do. A correction makes sense imho. 6 years would be a good time

yup.

lots of people are going to starve to death, because
showing-up at the government feeding trough is all they know.

All it takes is for Trump to name the owner of the fake fed if the Rothschilds dare to dip the market again. They will have to hide in bunkers when their goy peasants find out what they have done in the past 100 years. And all their belongings will be burned or confiscated. They simply can’t AFFORD to play this carsh game with a non-puppet in the white house. No worries they don’t have the balls to pull a carsh.

That being said, if some ‘accidents’ happen to Trump so a puppet have to be placed in the white house, America won’t have a second chance to take the country back ever, with a bunch of tards trusting hilary’s plan.

If he challenges the fed, he'll be going up against the most powerful cabal in world history. Make no mistake, central banking and globalism is an existential threat to western values, and to humanity as a whole. We need to end the fed, but they won't go without a hard fight.

If president Trump opens this box, he will be strolling right into JFK territory.

Whatever shot of crack cocaine they injected into the Dow the other day has now worn off. Futures back in red big time.

It was a 65 Billion injection courtesy of the PPT, likely re-hypothicated from some fund yet unknown. The crack as you put it only bought us a little time. It's back to hemorrhaging again today, and likely will retrace all gains by EOB tomorrow.

I'm not saying "it's over", I'm just saying it's not "all better now". Not by far.



Nick®

Dead cat bounce!!!

If not don't worry the FED will come in and crash it.

Ever bend a coat hanger or piece of wire back and forth until it breaks? First it gets hot!

22,357.23 -521.22 (2.28%)
Dec 27, 1:49 PM EST