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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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November 29, 2021

Counter Trend Rebound

Monday Nov 29 2021

5 30  AM CST

It appears that wave three down on the INDU is still in progress, will update later today but we were right that the move up Monday was counter trend. INDU on globex is down over  400 points this morning.

11/30/21 12 10 PM CST

Screen Shot 2021-11-30 at 12.08.33 PM

Taking out wave 1 low means wave three is underway. The media continues to focus on covid.  Technicians like myself will tell you there is always a fundamental event to validate the tech analysis, that is happening now.

Meme stocks, lack of breadth, sky high valuations of SPACs and electric car makers, overnight experts on twitter et al

And news wise, smash and grab  looting in Dem controlled cities, 100,000 Russian troops on the Ukraine border, US soft on Iran and Syria, no southern border, covid,

more later

Posted at 12:48 PM |

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