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ryguy
ryguy

Can you please shrink the selfie cam and move to the lower left of the screen?

Yadunath
Yadunath

There's nothing wrong with having a bearish bias now, it's the way to go given the TRIN readings as well as the given the 50-d and 200-d EMA, not to speak of recent tech giants' results and their trimming of Dec quarter forecasts. The challenge is more from a trading perspective and the need to see a sustained downward move. For all we know, the next leg down may have already started yesterday and if not, will likely begin after mid-term elections and the lunar eclipse.

Sir, it would be great to take one look at your projections for EURUSD and USDJPY, the two most traded currency pairs. I know one could argue that especially EURUSD is a mirror image of Dollar index, so it has hit a major bottom (just like DXY hit a major top). That said, if we could generate some medium term upside projections for EURUSD, that would be great to work with.

Peter Eliades
Peter Eliades
Moderator

ryguy said:

Can you please shrink the selfie cam and move to the lower left of the screen?

I have tried almost every position for the webcam, ryguy, and find the current one to be the best. I'm usually very careful about not blocking pertinent parts of the chart and I have it blocked off as I record. I did notice some discrepancies tonight that I should have been more careful with. I apologize if it frustrated you and I will be more careful in the future. Thanks for calling it to my attention!

daniel039209
daniel039209

How can one discern and utilize bearish TRIN data, 40 day or 57 day cycles,major downside projections confirmed and low percentage of upside resolutions (overall very bearish stance on market) from Oct 18th through Nov 2nd? Yet market has advanced some 8-10% ? Very hard to be bearish, lose 8% and then still be equally bearish and "hope" for 10-25% collapse.

dcarter8883312
dcarter8883312

daniel039209 said:

How can one discern and utilize bearish TRIN data, 40 day or 57 day cycles,major downside projections confirmed and low percentage of upside resolutions (overall very bearish stance on market) from Oct 18th through Nov 2nd? Yet market has advanced some 8-10% ? Very hard to be bearish, lose 8% and then still be equally bearish and "hope" for 10-25% collapse.

daniel039209 said:

How can one discern and utilize bearish TRIN data, 40 day or 57 day cycles,major downside projections confirmed and low percentage of upside resolutions (overall very bearish stance on market) from Oct 18th through Nov 2nd? Yet market has advanced some 8-10% ? Very hard to be bearish, lose 8% and then still be equally bearish and "hope" for 10-25% collapse. —————————————- Peter is looking at more than TRIN/ARMS.
Me: Watching Bloomberg & CNBC everyone is bullish short term even MS Mike Wilson. I had a change in trend that came in last weekend. How can Powell give Bulls what they want— any hint of pause after huge October rally? Powell needs to shock Wall St should do 1 % not 3/4. Rallies don’t help Powell kill Inflation dragon.

ryguy
ryguy

The projections show us the way again. Peter's analysis of the projections was spot on.

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