That was the title of a chapter in my 1st technical primer. It still holds true today: Half-Masted Flag denoting 50% move lower yet to come. In this case SPX 2970 is target; also approximated 200 dy MA (not shown). But question: What if the patterns on both side of the flag are Elliott Impulse waves? Are we looking at Waves 1 & 3 of a decline that will take off...
Early morning Tokoyo - time Bitcoin Resurrection commenced. This the real deal not like so many failing rallies before. You see the Beast had died and turned to dust in the minds of many (Incl. this author). Nevertheless, over the next two months a nascient 5 wave pattern appeared advancing $ value by roughly 1/3. Before a vicious Wave II lopped off ~55%....
With all the competition for the retail dollar this Xmas season. Two retailers facing existential challenges; and most Big Boxes squared in battle with each other and the 900 lb gorilla on the internet . It seems incredible that upstart Kohl's can continue to run ahead of the pack with a P/E of 16.5. When larger rivals Macy's and Target (not to mention Walmart)...