Updating the three crosses chart. Do NOT be so foolish or proud to think the two previous bottoms were sequential random events/levels. Laugh if you want but... and I have no real factual basis to predict this, other than all my indicators point this direction, however... I believe an entirely new financial system is in the works. 2008 was not recoverable, so QE
and world banks are being told to keep the sinking ship afloat until it is all in place (behind the scenes technically). They knew QE
was unsustainable, but it was the only way. Print and borrow with no regard to capitalistic rules, right. That will work. LOL. Save the earth, impliment green tech and robots to eliminate millions of jobs, with no recourse for the unemployed but government assistance, that will work, right. So the debt levels are impossible to repay, of course they (and all of us) know this. And governments buying corporate stocks by the bucket fulls, that is a good idea. Eight. And company buybacks, which should be illegal, another great idea to inflate price while laying off workers buy the thousands. Currency wars look good early, but wind up in disaster, so they will taper. Everybody owes everybody, so credit swaps are in the making, digital currencies world wide, with financial soverignty ending, cash being eliminated for the social good, retaining social and political governing soveringty, for now. And while all this is transitioning, the stock market will not just crash, it will close, for a while. Currency trading will end, since there will be nothing to trade, and volatility
is being taken out of the system to calm it. I could go on, but .... Why should I post this? Not for my benefit, but for those "out there" I don't know or will ever know? I truly have no idea. Feeling the Borg love maybe, connected to all of you now, via the internet. Star trek "ish". Movies becoming reality. And love for fellow man I guess. If you want to drive safe, don't focus only on the car ahead of you, look three cars ahead. Don't focus on price, focus on top and bottom indicators. The countdown is on... drop #3 is about to happen, to 5 steps to the bottom trend channel, as in the previous 2. Perhaps we will sideways to the US election to assure a democratic victory, but the rest of the world may have different plans. Perhaps not. No fool would time this, but the result is obvious and inevitable. Less than zero loan rates, you are kidding right? They should have repaired everyone's credit after the crisis, and created more credit worthy borrowers, without wage increases, if they really want to increase lending. Deflation in Europe is not good. Commodities
are increasing, and why? Not from demand that is for sure. From exhaustion, yes. And what follows... wait for it... not just inflation
... but with no good reason as it relates to demand which is slowing ever still... hyper inflation
. Happy trading.