"Deck the halls with boughs of holly,SOL wrote: ↑Mon Nov 14, 2022 7:04 amjonnyfrank wrote: ↑Sat Nov 12, 2022 8:13 pm Sol,
Can you help me (us?) out with a translation on this?
"Now, will the Big players allow the markets to bottom or is the prelude to something darker? The buffet before the blade. What the retail players are doing in the bond market is not a good sign as it does not indicate fear levels are not high."
It has a peculiar feel of "yes, we have no bananas today", and I want to make sure I understand what you are saying and what you think it all means. And, of course, if you think there will be some profit taking sooner or later on this mini rally....?
Sometimes when I type fast, I make mistakes, mostly due to multi-tasking
The question now is whether the real players or the PTB or whatever you want to call them, feel that the markets have bled enough. If that is the case they will allow the markets to put in a long-term bottom. However, while negative is not overly negative, the crowd is also not extremely anxious, and it appears that the masses are trying to game the market. In other words, follow the PTB, and buy the crash instead of getting smashed. A lot of money has moved out of the bond market and money market funds into the market. Now, if this is a short-term trend it's not a big deal, but if the big players assume its a new trend, they can't allow it to gain traction, for it will dramatically change the landscape.
So they are feeding the crowd (the buffet) before the slaughter (the blade analogy).
There will always be bouts of profit-taking whether the markets are experiencing a relief rally or are in the midst of a new bull.
Short term, most likely, the markets will let out some steam around the middle of November 15-22 before trending higher. If they want to drive the crowd insane, then the ideal plan would be to allow the markets to rally into December, give them the Santa Claus rally and kill that rally before the end of the year or the 1st week of the new year.
Nothing has changed in terms of the markets experiencing a second corrective wave. At least not yet, and if anything should change, we will let everyone know the moment the outlook changes so that we all have plenty of time to adjust to the new change. But for now, nothing has changed.
Fa la la la la, la la la la.
Tis the season for tax loss selling,
Fa la la la la, la la la la.
Big boys'll give it a bloody big nudge,
Aghhh.."