By: Jeff Cooper
Hit and Run Trading Morning Report - December 6, 2023
Hit and Run Links
After Math
Since the 2009 bear market bottom, every two years, the market reached a high between mid-January to mid-February.
Each subsequent selloff became larger and longer.
The only time this cycle did not exert its influence is early 2012.
Jan 22, 2018, Feb 10, 2020, Jan 4th, 2022 marked 3 major tops.
After each top the market crashed 12%, 35% and 28% respectively.
Interestingly, this January/February is the 6th year from Volmageddon in January 2018.
6 years is a cube in time as a true square is 6 sides.
So this January/February looks very pivotal.
Late January is also 180 degrees/days from the late July 2023 top and 90 degrees from the late October 2023 bottom.
A weekly from the 2009 low shows a new high may catch the vast majority of traders
A new high looks like a B Wave. Think October 2007.
The aftermath of a B wave is a vicious C wave decline.