The Bane of Traders

Price never gets faked out. Traders do.
A blow-off top, a black swan, a trend break.
All of these can easily become TRAPS-101.

The winter is coming.
Time to turn back your clocks.

November 1994
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November 2015
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November 2023
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No more words are necessary.
No conclusions, no signatures.
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Another leg down may come sooner than later.
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That will neutralize the last objectors.
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Those who disagree with the US stock market strength are enemies of democracy.
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The epitomy of classical analysis:
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Bitcoin is printing the same 2015 story.
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Equity Bubble, INCOMING!
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This chart is a perspective on how (SPX vs Inflation = actual profits) may overperform (Gold vs Commodity Production Cost = actual profits).
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Let them roar!
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History tends to repeat itself.
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The equity market has found support.
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The bubble we talk about hasn't been born... yet.
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Is the profit of an active investment equal to what it would be if we closed it today?
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No difference
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Aviso legal