SI
SI
discoversearch

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.
Pastimes : The Beaver Lodge -- Ignore unavailable to you. Want to Upgrade?


To: Cogito Ergo Sum who wrote (2677)10/13/2022 7:43:55 PM
From: stuffbug  Read Replies (3) | Respond to of 2935
 
He's talking both sides - Oct OPEX normally bullish but these aren't ordinary times.
Heads I win, tails you lose.

Market is set up for a rally.
DSI (Daily Sentiment Index) doubled dipped into single digits (late Sept / earlier this week).
On an intermediate time frame, this is one of the very best buy signals you can get.

My technical indicators (and Wollie's) all suggest market is forming a low.
Can it go lower - absolutely (we have clowns and idiots running western governments and central banks), but statistical odds heavily favor the bulls.

My Trend Indicators - identical positioning, max bearishness
2022: May 12 / 20, June 16, Sept 29 / 30, Oct 12
2021: No signals
2020: Mar 20 / 23
2019: No signals
2018: Dec 19 - 24

Weekly candlestick will likely form a bullish hammer.