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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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October 31, 2022

We are Getting Closer to a Reversal

 

Screen Shot 2022-10-31 at 2.51.20 PMFor some reason my chart display is not working but we are getting closer to a reversal on the  ratio chart of hedge to dow insustrials

That ratio is now at the  200 bar moving average

In addition it is at the .618 retracement of the rally from mid August.

 

I expected a rally into Nov 2-9 but the big rally this past Friday has probably taken most of the wind out of those sails. So stay alert and check our updates.

Hopefully the chart function will resume tomorrow

I just noticed that BRK is making a lower high, another confirmation that at top is in the making

Posted at 03:54 PM in Elliott Wave |

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