Goldtent TA Paradise

Plunger’s Wednesday Report

1. Curly Top says:

   February 14, 2019 - 10:06 am at 10:06 am

   Thanks for posting this. I keep my QQQ’s on a short leash these days. Plunger says the overriding cycle in equities is Dow Theory and it ‘aint looking good.

   But it also looks like we just had a major – expected – 3 yr cycle low on equities in Dec. 2018 (as you also can see I think in Plunger’s charts in roughly 1932, 1935 and 1938). This 3 year theme is illustrated here from 1934-1950(even though the creator of the chart attributes the dow’s movements to current events.)

   http://www.investmentoffice.com/io/Investment_Thoughts/Markets_in_History/Dow_Jones_Industrial_Average_1935_1950.php

   If we’ve just experienced a major 3 year bottom, maybe the V recovery we’re experiencing now should have been anticipated. It would also indicate that we shouldn’t be expecting another major equity low until 2021/22. Will we see another “removal of liquidity”(purposeful or coming out of left field) prior to that that throws the whole 3 year thing off, who knows?

   http://schrts.co/FIwgjKAW

   Nevertheless, it’s a scary world out there (Kondratieff/4th Wave speaking) so my risk appetite is low and my percentage of equities is the lowest I’ve held in adult life–not good for liquidity if there are others like me.