Futures down quite a bit.

Still think the road to the bottom is fairly close.

2200-2400 on the S&P.

Black Friday or Monday if it is happening now.

I am predicting a level not a time. When you get moves like this you have to pay attention.

A lot of money can be made if you pay attention.

VIX
TRIN
VOLUME
THE action of the Russell 2000 predicting the overall market.

If Mueller announces in the next week or so that would add to the low.

UNLESS THERE ARE REMARKABLE SIGNS OF A CRESCENDO SELLOFF, CHANCES ARE GOOD THE MARKET WILL GO LOWER.

Wait for the intense pain before pulling the trigger.

The low will occur anywhere between now and next March.

Not nearly enough pain in the market. Two percent.

Need more pain before firing.

Patience

Triple bottom breakdown on Russell 2000.

Just confirms overall market direction.

BARGAINS AHEAD SOMEWHERE.

https://www.marketwatch.com/story/a-loo ... 2018-12-06

As you can see from the chart, nothing has happened yet.

Then came the death cross.

This will lead to prices BELOW the current support. ( Draw a line below current low prices and then aCross the chart.

The area below that line will be the new price neighborhood.

You got your death cross, so what does joboggi do? Does joboggi ride this one out or diversify the portfolio to more recession resilient sectors? Does joboggi hedge and start shorting, play with some out of the money put options, or move to precious metals?

Don't sell

Buy when there is blood in the streets. Lots of blood.

VIX 45+
TRIN 4.0+
CASH at 2200 intraday.

I have not been following with an idea of shorting, otherwise I would have done that weeks ago.

I used to buy the VIXY and then sell around 25+. While that ETF is set up to go to zero, it reliably pays off in times like these.

It gives you something to sell as you are setting up to buy and makes you pay attention.

Now, in 2000 like everyone I bought too soon. I bought less soon in dec 2008, but March 2009, was the time.

The message, THERE IS NO RUSH WHEN THE MARKET IS TRYING TO FIND A BOTTOM.

Most people lose money, just wait, with new money and ignore the healthy companies you own.

THE PLAN

DO NOT SELL, buy when all seems lost. That is the plan. Buy what you know.

You seem to be a trader azrider.

What is your plan?

score @#$%ing points

what's your plan

Bucky did you say something, I missed it.

Jobo what’s the best way to get the new money

Go to the money store and buy it.

Biding time in the markets today.

And the S&p chart broke BELOW the interim low, once again following the Russell 2000.

Good bargains ahead, someday.

Next

The yield curve is . 15% from inverting. A fed increase WILL invert the curve.

The fed is planning to increase in Dec. If they delay it will invert when they act, which they plan to do.

Recession usually comes one to two years after the inversion.

The low did not hold. Long live the new low, but not too likely.

Again, I or we (because) I will include myself in a group, have NO idea when the new low will be tested.

That test will most likely fail as we WIND our way to THE LOW, somewhere down there.

Based on Fundamentals that is currently 2200-2400.

And with earnings fundamentals change. So we have to keep an eye on that.

Memories of AJC noting higher highs while the home store GS did a major sale of way over priced stock.

VIX

MEAURES THE PRICE FOLKS WILL PAY FOR OPTIONS.

THE HIGHER THE PRICE THE MORE INCORRECT IS THE PURCHASE.

A high VIX or VXN is a sign of FEAR.

Extreme fear is very valuable for you, it is an excellent BUY signal.

The TRIN

PUT - PROMISE to sell
Call - Promise to buy.

When EVERYONE is promising to SELL, the put call ratio is four.

That means you MUST BUY BUY BUY. RIGHT THIS INSTANT.

TRIN OF FOUR

VIX of 45 or higher are as rare as a fresh home grown peach in winter.

EXTREME FEAR IS YOUR FRIEND.

DO NOT SELL, DO NOT BUY, WAIT.

FOR EXTREME FEAR. THEN you will know what to do.

BUY BUY BUY

https://s.thestreet.com/files/tsc/v2008 ... fa53c0.png

What to do?

The trend just broke.

Don't sell, don't buy yet.

A caveat on the don't sell. If the story about the stock is totally changed, then sell.

This is APPLE. GREAT company, sick stock. Buy on sale somewhere below the current set of prices.

140, put in an order for 140 for that intraday disaster price

Are you married joboggi?