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  • Benjamin Roth: The Great Depression: A Diary

    Benjamin Roth: The Great Depression: A Diary
    It's all here, times change people don't -the endless govt programs that fail to stimulate the private sector -the ups and downs of the economy, the veterans pension stimulates just as the housing credit did, until of course the money runs out -Roth is a attorney in Youngstown Ohio who kept a diary regarding the economy from 1930 until WW II breaks out, he is objective, candid, and forthright which is more than we get from Washington DC now or then highly recommended

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April 23, 2020

DJIA Fades into the Close

Thursday April  23 202

Screen Shot 2020-04-23 at 3.24.19 PM

Stock price have held up most of April, rallying into this broadening top early in the month.  Fox Business proudly displays

Market Rally

any day the index is up, bolstering thinking that things are okay now

But both RSI at top and PMO at bottom are fading momentum wise

Also note MAs are coming together which happens prior to a trend change

The sideways action the last two days filled some gaps.  I expect this market to roll over to the upcoming Third Wave which should take prices much lower.

Posted at 04:28 PM in Socionomics, Stock Market |

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