Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: robert b furman who wrote (179908)	10/1/2022 6:20:19 PM
From: Machaon	4 Recommendations Recommended By berniel DinoNavarre GROUND ZERO™ Mevis Read Replies (2) \| Respond to of 218493

The Fed zeroed out the Fed Funds rate at the beginning of 2009. That's when the S&P500 started it's long climb from 666 to 4800. Previous highs before 2009 were around 1500. Drawing a simple line following the uptrend from 2003 thru 2008 I see a trend towards 3250. But, because the Fed has to reduce the balance sheet at the same time it is raising interest rates, and considering inflation and supply chain problems, I wouldn't be surprised to see the S&P500 go lower than 3250. I'm in cash right now just waiting for opportunities.

To: robert b furman who wrote (179908)	10/4/2022 12:03:14 PM
From: da_spot	2 Recommendations Recommended By GROUND ZERO™ sixty2nds Read Replies (1) \| Respond to of 218493

Hi Bob, I really enjoy your posts and appreciate your generous sharing:) Reading through this post, a question came to mind. My CLX studies (which is short for a study on CLIMAXES) shows two such deep declines in the market to be late December of 2018, late March 2020, and now. On a monthly chart, long hammers appear in both Dec 2018 and March 2020; no such candle appears now though. I was just wondering whether this might/might not play into your thought process. Thanks bunches! Sue