tag:blogger.com,1999:blog-3107148989834362215.post7142677365718885420..comments2023-10-07T02:13:45.305-07:00Comments on Fifth Wave Financial Analysis: Mathematical Relationship Observation and Other Technicals Chrishttp://www.blogger.com/profile/17902366005358771128noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-3107148989834362215.post-71316307668030307362014-08-25T06:03:39.584-07:002014-08-25T06:03:39.584-07:00I see the SPYs were trading at 200 this morning--r...I see the SPYs were trading at 200 this morning--roughly equivalent to 2000 on the S&P 500--looks like we have to broaden the broadening top? :)<br /><br />Its like that Forex commercial on Clown Financial TV where all fiat is being belched out by the Central Bank of your choice--juicing not only the "stawk" exchanges but also the sovereign debt markets that may be just a bit more dangerous than stawks. The 30 year note seems like a rather endless bear flag--the frogs in the boiling water will never know when it gets to a boil. Johnhttps://www.blogger.com/profile/07905602919957796183noreply@blogger.comtag:blogger.com,1999:blog-3107148989834362215.post-11523495849854776722014-08-01T10:14:53.536-07:002014-08-01T10:14:53.536-07:00Well Chris, that certainly would be a life alterin...Well Chris, that certainly would be a life altering event for all of us if the Dow exceed the losses of the Great Depression. It would mean the complete repudiation of Keynesian economics, the possible demise of the Fed (as we know it) and would prove that Andrew Mellon was indeed correct during the depression when he urged liquidation. Poor Andrew hounded by FDR, in a kangaroo tax evasion case, while he was giving away his art collection to same :).<br /><br />I hear you on the averages--only mentioned it because I had read recently that some of the changes in the averages around the time of the '29 crash that actually exacerbated the subsequent decline. I believe the S&P index was the one mentioned. Thanks for the response.Johnhttps://www.blogger.com/profile/07905602919957796183noreply@blogger.comtag:blogger.com,1999:blog-3107148989834362215.post-57889291498453041012014-08-01T08:53:45.191-07:002014-08-01T08:53:45.191-07:00John,
That assertion is based on the fact that th...John,<br /><br />That assertion is based on the fact that this bear market is of the highest degree since the founding of the republic: Grand Supercycle. The degree of the bear market is evidenced by the size of the mania and subsequent credit bubble that preceded it. That mania ended in 2000. Amazingly, the topping process has taken 14 years. <br /><br />Regarding tampering of the components of the DJIA, it does not matter what it is in. The Industrials serve as a psychological barometer for the stock market. No matter what they replace, it will always be known as "The" Stock Market average by the public and society. This is what is important. When social mood trends downward in a bear market, stock averages come with it. They are not perfect barometers, but seem to be the best measure we have. Chrishttps://www.blogger.com/profile/17902366005358771128noreply@blogger.comtag:blogger.com,1999:blog-3107148989834362215.post-89021434828400577312014-08-01T06:06:48.467-07:002014-08-01T06:06:48.467-07:00Hi:
Price collapse largest since the founding of ...Hi:<br /><br />Price collapse largest since the founding of the republic?--interesting comment. If one were to assume that the 17,152 was the highest the DOW does get (not a prediction, just for argument's sake), we are talking about a collapse below 1,854 to be the biggest in history (Dow closed 89.19% below its '29 top on July 8, 1932). For reference purposes, on Oct. 19, 1987 the Dow closed at 1739 on the day of the big crash. So you gotta an awful big megaphone there, partner!!<br /><br />In reflecting on the constant tampering of the components of the average, substituting the good for the bad, I wonder if this would be possible?Johnhttps://www.blogger.com/profile/07905602919957796183noreply@blogger.com