The proverbial calm before the storm, no-mans land and an eerie quiet has been placed into markets. It is these times that often produce a surprise to jolt those asleep to what is really going on without their understanding or care.
The Dow creeped higher this week on low volume again...typical bear bounce action. Looking like an ABC counter move since the 17th June..the final Minor C up is well underway. Target selling area has already been reached, any further price rise this week will be limited, 32K is possible but not necessary.
There have been only a few trading opportunities the past 14 years for bears to prepare and prosper...2008 was a classic and this one is even bigger.
How many times have you heard someone talk regretfully about a stock they were tipped about many years ago and never had the bottle to actually put their hard earned cash on the line and do it? Few traders or individuals have the belief and confidence to grasp an opportunity, circumstances or situations in peoples lives can also prohibit participation, that's understandable...but very occasionally we get a rare chance heads up to capitalise or profit handsomely via someone in the know. All these small losses take a toll on most, they give up and lose faith just before the turn.
Many trust and believe in government, looked after from cradle to grave and seen modern life evolve with prosperity of rising property, pensions, healthcare and overseas travel. When did this peak prosperity occur for the masses in the West?...the past two years have ushered in a stealth grab of this wealth without most realising until it's too late to act.
A war on the people is in transition and has only just begun. Psyop's or agendas are well underway, the great reset is here and will intensify. It's your choice to trust government or not, discontent is rising in Europe today, escalating food and energy prices will morph into severe shortages. A stock market collapse will magnify the situation - all by design....a totalitarian takedown of the system is here but yet most don't recognise this presence.
Global warming is another fraud that changed it's title to climate change as the warming never really got going, best to keep the fear alive by linking every one our carbon footprints to the changing weather. Carbon zero or net zero via renewables has Germany facing blowback as their Russian energy supplies dwindle. Cranking up old coal powered stations to support a crippled energy supply, wait until winter.
All of these world supply chain connections are being dismantled under the guise of "covid or war"...a deliberate and well planned execution of our modern life as we know it. The people are unaware that a Trojan Horse has infiltrated themselves.
So we sit patiently and watch the show about to unfold in a world of theatre. An opportune moment has arrived again, embrace it boldly.
Finally, we see precious metals are finishing off the transfer from weak hands to strong with the last selling wave almost complete...thereafter a very strong rally will commence.
Agreed - Similar trade short EOD on the SP500 on my page FRIDAY - The everything bubble is going to POP - Real Estate - 3rd world Debt Defaults - Junk bonds - Tech Stocks - US Stocks - Bonds crushed - Bitcoin to $3000 - Massive hunger and social unrest - Many elections as leaders are tossed out ---Not a Good future... Hoping I can stay short long enough to participate and not get blown up in a crazy melt-up rally first....
Fractal777
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@CapeAfrican, No melt-up coming this time...too weak and fragile...good luck!
JoeChampion
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I have similar overview on my recent chart, thank you for the confirmation!
HK_L61
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Thank you for being the first on TV other than myself ( for over a year) - for calling it what it is.
Solid.
A War on Humanity.
Fractal777
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@HK_L61, Thank you. Not sure if you are aware, the Georgia Guidestones were destroyed recently without much coverage. Humanity is waking up and rebelling the madness.
HK_L61
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@Fractal777, yes long overdue to be blown to bits.
good luck
YouCannotBeSerious
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If we look to other markets, we still see a huge gap in The Dax a few percent above. I think this will fall before we go down. Probably means around 32,000 on The Dow. Which would of course leave only the most determined bears left in the game. But there will be, as you say, a ripe opportunity for the brave