Indeed Zandty - Lots of posts but I don't SEE very many daily results being posted, do you ?
ES Journal - 2019/2020
- Thread starter Buy1Sell2
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Well, I got to be honest: Yesterday/today generated a set up I track even though today is just the 7th time in the history of the US stock market that I have found it. I track it because it tends to happen at very interesting junctures. You see, the average one year decline from this set up is about -25%:
Happened twice in 1929 - including in October 1929 prior to the crash
Happened in October 1987
November 2007
And twice last October 2018 (no data on one year change as we are only 10 months removed).
Happened yesterday/today
I closed all longs today and I am flat and flabbergasted. For the first time since 12/24 I am intermediate term bearish and given the history of the signal, I'm hoping this is the exception to the rule. If not ... jeesh
Well what's interesting is B1 hasn't posted an entry since this:
Now one would think if he was sooo convinced of this "bear market"... that and the fact that he "see's things before most"... even patting himself on the back today for a post he made way back in March touting his infallible market prowess, he would have either not covered that position or at least posted that he jumped back in. I mean that's what you do in a bear market right?
So, as I said when he made that post:
You missed 100 points B1... where was your conviction? Seriously.
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The question is, did you use your magic pencil or not?
Magic pencil says RB is going to $1.53 and probably lower, "in the fullness of time".
That's $0.13 from here. Jump in.
Edit: that's a very risky play so... not for the feint of heart. I do think its gonna head lower though, all things being equal. But one geopolitical event... that's the damn risk. And if there was ever a time...
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Vanzandt is taking about unleaded gas futures and without really analyzing his recommendation, from a macro perspective, it appears solid. There appears to be support in the $1.60 and $1.40 areas. Vanzandt is one of our energy gurus and his pencil has spoken!
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