A meandering week for markets, although down, there seemed little conviction on either side.,
Almost a no man's land of indecision, waiting for the next meaningful data to pinpoint which direction.
Our bet is a resumption of the bear market, bulls are betting on the Fed. Probability is our analysis, we get it wrong sometimes but rarely the big long term ones.
Either the Dow has topped out again or a mild push just above the highs a week ago to conclude this correction. We know it's painful to watch and wait for the turn down again proper, it seems forever.
This is a corrective pattern, too many overlapping waves for an impulsive rally...your patience will be rewarded with a higher degree wave 3 down that smashes the Dow below 30K again. The catalyst?....take your pick.
Gold was knocked down on Friday, an even better bargain!
The collapse approaching will be worldwide, most just don't grasp the severity of the underlying rot. The establishment or Cabal obfuscation is a deliberate ploy to distract the masses, most people are headed for bankruptcy, we live in a debt based economy, bui everyone in debt is a slave. Most, if not all, pension funds, insurance companies, banks and countries are heading for bankcruptcy.
Gold and silver are your saviours to the coming hell, a new gold dream of rags to riches for many that were prudent and wise enough to see through the fog of lies.
Follow the money, central bank splurging on the yellow metal at record highs.
Hang in there for those who are losing faith in the bear market, turns always come as those most pessimistic throw in the towel.
Appreciate a thumbs up, Good Trading & God Bless You All!
Almost a no man's land of indecision, waiting for the next meaningful data to pinpoint which direction.
Our bet is a resumption of the bear market, bulls are betting on the Fed. Probability is our analysis, we get it wrong sometimes but rarely the big long term ones.
Either the Dow has topped out again or a mild push just above the highs a week ago to conclude this correction. We know it's painful to watch and wait for the turn down again proper, it seems forever.
This is a corrective pattern, too many overlapping waves for an impulsive rally...your patience will be rewarded with a higher degree wave 3 down that smashes the Dow below 30K again. The catalyst?....take your pick.
Gold was knocked down on Friday, an even better bargain!
The collapse approaching will be worldwide, most just don't grasp the severity of the underlying rot. The establishment or Cabal obfuscation is a deliberate ploy to distract the masses, most people are headed for bankruptcy, we live in a debt based economy, bui everyone in debt is a slave. Most, if not all, pension funds, insurance companies, banks and countries are heading for bankcruptcy.
Gold and silver are your saviours to the coming hell, a new gold dream of rags to riches for many that were prudent and wise enough to see through the fog of lies.
Follow the money, central bank splurging on the yellow metal at record highs.
Hang in there for those who are losing faith in the bear market, turns always come as those most pessimistic throw in the towel.
Appreciate a thumbs up, Good Trading & God Bless You All!
Comment:
The two red doji candles on the 14th April and 18th are now seriously pointing to this turn down. Further, the price action today has moved back inside the channel...it's either a wave D down with E to conclude the corrective rally coming or we are in the early throes of a big wave 3 down.
Comment:
Final wave e up into early next week?