CONTRARIANTHINKER

SM Update

Update 3rd December

Look @ the above chart. The MACD now is almost a carbon copy of that from 1929-1937. The difference is in the MACD wave.

In 1929-1937 MACD went from about +45 to -45. In other words, a symmetrical oscillation about zero. 

In 1999 MACD stood at +950. It fell to -550 - just over 50% of the upswing. 

Then it rebounded to +500. Perhaps it will have to hit +550 before it fully works off the upside tension in a plunge to -950.

If the DOW plunges fast enough -950 could produce a return to century support

(Thanksgiving day)

UPDATE 24th Nov 9.30 am UK time - is this the real deal or an arse-fake?

FTSE looks shaky - echoes of May

Weekly shows negative divergence since May

DOW was sleeping today

Don't take my word for anything. Belief is the enemy of truth.

dB

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