How did you like the first week of the year? Do you think that’s all? I’ve heard some say it’s a wonderful buying opportunity, especially for Apple Computer. Some people just never learn.
If the S&P 500 actually did put in an elusive top in the next few days it would happen on a technical calculation more heavily weighted to time as opposed to price. That would hypothetically create an intermediate level correction at best but not likely anywhere near the kind of bear market that materialized from 1938-42.
The Blood Moon brings with it a whole different series of issues that goes beyond the scope of our technical work here. The last 2 times we had these kinds of Blood Moons was 1949-50 and 67-68. The prophetic community does tie these events to Israel with the birth of statehood in 1948 and the big 6 day war in 1967. Is it a coincidence? I’ll let you decide.
