Yes makes a bit of fundamental sense to me at this point. We see.
This is a hard fot bottom, maybe we are bout there. The market can do quite well IF rates top here and fall back down towards 3 %. The 2000 top attests. The 2000 run to the top started in earnest when rates fell hard below 5 %. They bottomed at 4 during the topping process, top was made when rates hit 7 again. But it is never the same. Rates were on net heading down then and that was rather obvious. Volcker had won. Now everyone and dog is worried about inflation.
Been sitting on hands for so long, getting itchy.
The 20 wk cycle low coming into dead center, it hits and we head up, or it passes. This week likely. Astro for me looks up. Non stardard NDX time cycles suggest a possible low here, Hurst TC's suggest a low another month down the road. We see. Whatever not buying until the coast is clear. Tech has been lagging, and unless your short real trouble.
Still a general market bull. I think we are forming the bottom and going to start a 3 of 5 of 5 up. Threes imo often start slow and hard, and may give up most of the first leg up. The final shakeout so to speak. But they can go on and on and on ..........
I am following like about 15 things in earnest for buys. See bottoms right in this time vicinity for some, a bit later for others (another month), in early next year up to about March for yet others.
Chinese markets and issues mostly look to bottom later this year, and early next year. But the Chinese indices look to me to be prepping for a huge move up. Yinn would be huge winner. It was up a bit today but I think it has more downside. Into about end of year hopefully. Put on observe list is suggestion, if not on it.
Tweets
Indu TC's. This tees off the first 18 month low, if the second low was used, then this would match up
with the NDX.
NDX TC's. The 6 month is not a standard cycle, but has had some good hits.
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