fed on deck
netherlands election tonight
then draghi , it seems all his policies have not had the results he had intended.
then there is abe/kuroda also thursday night. japan is a nation of savers. not debtors . their demographics are similar to the usa =japan is a nation of old folks
miners are stocks gg/nem made new lows for the move. abx did not . gdx is close to the lows gdxj is not . gg/nem have daily divergences now.
so there is intermarket divergences occurring and forming and oscillator divergences set up and occurring as well. my view is dec 15 was the low.
not sure if dec 16 was the start of 3 or not. we will find out relatively quickly
the broad market spy has made a h&s top, will the hike activate the pattern? i dont care how many hikes she does in 17 the fed is behind the curve and they will remain behind the curve . the economy world wide is debt laden and quite a few 3rd world countries owe money in dollars. this is going to cause many problems. also if the dollar strengthens the usa multinationals will lose market share. the world is interconnected and there
are consequences . i think this all clears up by ganns 1st day of the year=the equinox. i am waiting to scoop up some miners , should the sale get more appealing. which it very well could. not in any hurry market has alot of dots to connect. and that doesnt happen quickly
dharma
the sentiment and the oscillators are saying we are close to a low here.
Edited by dharma, 15 March 2017 - 09:56 AM.