Categories

Archives

The Great Depression

  • 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

Recent Posts

About

Subscribe to this blog's feed

March 2023

Sun Mon Tue Wed Thu Fri Sat
      1 2 3 4
5 6 7 8 9 10 11
12 13 14 15 16 17 18
19 20 21 22 23 24 25
26 27 28 29 30 31  

The View from Abroad

Columnists - Thoughtful Reading

Economic Sites and Blogs

Bought And Paid For

« The Final Top Is a Ways Off | Main | How the FED Rigs the Bond Market »

November 17, 2021

NDX Rally Mania

Wed November 17 2021

the tech mania continues with the NDX re tracing  90% of its November high.

Screen Shot 2021-11-17 at 5.28.01 PM

Wave C clearly went higher than I though. That said, look at the indicators. PMO at bottom is much lower than at the Nov high.

RSI did not register near the extreme now that it did November 5. This is typical of counter trend moves. If Wave Two is finally complete we should see a much larger decline the next few days in all major indexes.

Stock mania cotinues with Lucid, Riviana and Tesla all worth more than Ford or as much as GM, hello dot.com mania.

Posted at 06:33 PM in Stock Market |

Comments

The comments to this entry are closed.