I read a lot of things. Perhaps too much. But it has come to my attention that traders are a superstitious bunch of folks. Apparently today is a major Bradley turn date. I have no idea what that is but many seem to be paying attention to it. The market appears to have a bid to it this morning after Yellen’s stock picking recommendations from yesterday. If we should fade and close red then Satan surely has taken charge of the situation and indeed strong voodoo magic is at work. At the time of this writing we are green. Good luck and lets be careful out there.
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The Bradley model is based on astrological patterns. Don’t laugh, the stats. show a fairly reliable track record here. Old John Pierpont Morgan said in 1900 “millionaires don’t use astrology but billionaires do.”
superocean9
I never said I was laughing. Astrologer on twitter told me yesterday that the sh-t is about to hit the fan. We shall see. Being a bear is brutal right now.
LOL. Awesome. Ready the sacrificial goats.
On the eyes of Ra, a bid must be sustained.
surplusdroids
The bulls need to sacrifice something more than a goat to keep this going. Who the hell knows. This market defies logic. Every technical guy i know must commit hari kari including myself. I have been wrong since January.
All good. I hear ya! This market certainly defies logic. I have been wrong many times.
There is an odd pause in the market right now… this very minute.
A calm before the storm?
The last Bradley Model turn date was 1/1. Interesting. They can be off by several days I’ve heard. How long have you been a pagan dancing naked around a fire in the moonlight for bluestar?
I am a God fearing man. Remember the greatest trick the devil ever perpetrated was making people believe he did not exist.
Bradley turn date also seems to coincide with this: https://pbs.twimg.com/media/BslwppmIcAA9qpw.png:large
Maybe something, maybe nothing…
bc21
More Voodoo. We are at month 64. http://news.goldseek.com/GoldSeek/1395775253.php
perfect!
bc21
even more Voodoo. go to number 64. Creepy. http://www.numerology369.com/num101_numberssymbolics.php
i see a 64 in here too, lol: https://twitter.com/ukarlewitz/status/489411746113650688
i was really hoping it was on the overweight equities though..
maybe they are starting to light the fuse previously know as “high yield” though: http://gavekal.blogspot.com/2014/07/cognitive-dissonance.html
Wages are improving though priced in.
This will lead to higher infation leading to higher stock prices.Fed can,t raise rates
to much due to debt.all good.
Well that Bradley Voodoo 64 call worked out great….every major market globally was higher, except for Brazil (who cares), and the Nikkei (-0.1%).
I can’t tell if you’re just making all of this up as a ruse to be honest.
not seeing it yet. still need to sucker more retail $ in to the market. I know many retail advisors who raised a hell of a lot of cash in the 1Q thinking this was it. now caught flat footed and clients asking when $$ will be deployed.
have been seeing big inflows into techa and defensive names including EM defensive (if there is such a thing).
Only thing that could really derail this is a geopolitical event as we end Ramadan. TIme will tell.
Gorby:
Perhaps you are looking at different data than i am, but i don’t see wages accelerating at all.. same cyclical pattern we’ve seen for years, albeit at lower levels: https://pbs.twimg.com/media/Bsl_pzTCcAAT1gR.jpg:large
The labor market is stagnant at best, while working age people continue to struggle for full-time work: http://advisorperspectives.com/dshort/guest/Lance-Roberts-140716-Fed-and-Employment.php
and housing is in the dumps bc real median income is and has been: http://confoundedinterest.wordpress.com/2014/07/16/low-velocity-recovery-mortgage-purchase-applications-down-17-2-yoy-refi-applications-flat/
maybe you are looking at other data. i’m not trying to be a smart a$$, but i really would like to see it if so.
+1 re voodoo
Raul3,
Indeed. What is your assessment? Follow through or continuation of bullish trend?
Forgetalpha,
Reading comprehension again. I am beginning to think you may be a bit slow. I never made a call. By the way how is the voodoo looking now?