I would tend to agree but a confirmation was needed. Plus the ECB is basically doing everything they can to avoid EU indices to crash.
This will only make the upcoming crash even bigger...
umarshah68
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@rafa1239, How long do you reckon the ECB and German Governments keep this bullish trend up?
As the majority of people are on a short and all the money printing of last year and this year is not being reflected in the trend yet
rafa1239
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@umarshah68, I would love to know ! But at this point it's only a game of confidence anyways. In my humble opinion the trigger will be when the markets realize there is no way that all the debt will be payed at the given/expected real terms. I say this because of the hedonic adjustments and the CPI manipulation we have been having since decades now. Add to this the now new fake unemployment numbers and we got a recipe for disaster or japonisation. I hope the first of the two will happen (less long term damage) but in the case the second comes to stay we need to play that interventionism by being invested on the markets with a good stop loss that can be raised up little by little as the markets move upwards.
On the other side i think it is still a no brainer to buy ant type gold at these prices.
umarshah68
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@rafa1239, I completely agree with you on those 2 predications. Gold is definitely a safe bet but I saw the 50 point drop this week, i reckon gold might come down next week to around 1650 an ounce and will be jumping in then to buy as much as I can
Platinum-Markets
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@rafa1239, So you really believe the ECB will make the same mistake again allowing markets to crash because of money printing? The monies printed are re-injected into the economy and businesses, start-ups and adaptive innovations, markets are just in the Adoption phase of this injections and the take-off phase will even be more massive uptrend than we are witnessing now. Markets do not respond sharply in a negative direction of such environments, it takes years for the bubble to grow full size my dear...
lord_biran
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Trendline broken... what now?
Trader_Dale
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Hi Professor,
That's a wonderful analysis you got there.
I'm also looking at DAX now, expecting it to retrace from the point you shared and then looking to go long from this strong volume-based support: Let me know what you think, hope you don't mind me sharing!
Cheers,
-Dale
This will only make the upcoming crash even bigger...