Hi Stewei Thanks for the analysis. There is so much information in the chart....really useful. I was tired of figuring out how to define bull and bear zones on my long term charts ....you made it easy for me. Looking forward to more posts from you.
Nice chart, but where was this guy before the BEAR market started? I can pretty much do the same thing when we are ina Bull/Bear market... What is his prediction?
Nice that you posted it but I don't see any predictive value in this. Yes it is nice to see squiggly lines all line up but that chart represents about 5% of the information needed to trade. Questions like what was investor/professional sentiment like during the early 2000 bear mkt. are the critical questions to ask.
he is not a prophet, just a dude who has been around much longer than i have and was generous enough to throw me a bone. all he is doing is comparing this bear to the last one and showing how similar the behavior is. therefore we can expect this mkt to head lower and what we are seeing now is only the beginning of the bear market. average bear market declines 30% from the highs and last about 2 years. So you do the math.
11 comments:
That's a great "Big Picture" chart. Thanks for sharing this chart as well as everything else you do! It is greatly appreciated.
MM
this chart is truly a work of art. analysis done by a friend who put a lot of work into it.
Hi Stewei
Thanks for the analysis. There is so much information in the chart....really useful. I was tired of figuring out how to define bull and bear zones on my long term charts ....you made it easy for me. Looking forward to more posts from you.
Very nice chart. Thanks for posting, Stewie!
Stewie,
Great chart for the archives. Thanks for sharing!
-todd
I stole your chart. Hope you don't mind.
f8: not at all. will be a nice chart to watch over the remainder of the year.
Nice chart, but where was this guy before the BEAR market started? I can pretty much do the same thing when we are ina Bull/Bear market... What is his prediction?
How far down do we go from here?
Nice that you posted it but I don't see any predictive value in this. Yes it is nice to see squiggly lines all line up but that chart represents about 5% of the information needed to trade. Questions like what was investor/professional sentiment like during the early 2000 bear mkt. are the critical questions to ask.
Goonjindha
he is not a prophet, just a dude who has been around much longer than i have and was generous enough to throw me a bone. all he is doing is comparing this bear to the last one and showing how similar the behavior is. therefore we can expect this mkt to head lower and what we are seeing now is only the beginning of the bear market. average bear market declines 30% from the highs and last about 2 years. So you do the math.
i actually see lots of 'predictive value' in this chart. we are going lower, much lower. No bull market in sight.
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