On The Record 2023
I’m going to make this short, because what can take 1,000 words I can show in just one “picture” aka chart.
Yesterday (January 18th) I sent a text to a colleague containing these words “Mark the calendar.”
Now there was more to the message, but here’s the crux: From a purely technical analysis perspective, I deemed, that day’s price movements in the “markets” as a signal, that the latest rallies bouncing from the October 2022 lows were now complete, and the worst of what I was warning about (and why I both shut down my website and show because everything was becoming boringly repetitive and derivative) was now on the table.
Or said differently: From October 2022, thru today, has been the equivalent of “the eye of a hurricane,” not the end of the storm. And this is where things for those that thought the worst was over truly find themselves in peril and harms way far worse than at the initial front. Why?
Because they never took the respite as a time to batten down tighter and firm up. They viewed it all as “Well, we made it through all that and it wasn’t so bad, right? Right?” Then…the backside makes its presence known, usually far worse and much longer in duration. This is where things begin to take on the connotation of “much worse than expected” detailing.
Can this all be for not and it all simply skirts past us? Of course.
As always anything can happen, and I am more that willing to be scoffed at and pointed out as “totally f’n wrong!” by everyone. Actually, nothing would make me happier. But if I’m not?
That’s for you to decide.
Below is that chart noted in the above, it is the same chart I’ve been using only updated as of this writing. It speaks for itself. And for those that may be reading this for the first time and be wondering “Why should I even consider any of this?” It’s a great question, and here’s my answer…
Because when I first posted it here on my site to subscribers, it was in December of 2021 and the only items on the right side of that big (the Fed’s $4 T…) red line were my predictions and nothing else.
So do with it what you will, as it should be.
As always, we shall see. But that is what I’m currently watching astutely for those that want to know.
Stay tuned for more details regarding the show in the very near future. Things are progressing well and we’ll have an announcement soon regarding its launch.
© 2023 Mark St.Cyr
Note: This is not trading or investing advice of any sort. This commentary is for “big picture” discussion purposes only. Please read, or re-read the “About This Site” page for any questions or clarifications.
You must be logged in to post a comment.