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Next week the start of an IT correction ?


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#11 alexnewbee

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Posted 16 July 2017 - 03:11 PM

probably already on Monday, with gap down. 


"we do G.d's work" Lloyd Blankfein

#12 blustar

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Posted 16 July 2017 - 07:03 PM

I'm thinking we hit the high Friday and 8% down into August 9, targeting SPX 2264/65 area.  Will post charts Monday. BTW, I like GDX here into August 14.


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#13 pdx5

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Posted 16 July 2017 - 07:34 PM

This market is so strong, Trump policies are great for business....

 

I see no reason to play the short side here, UP, UP AND AWAY!! 

 You entirely get it Bro! People who are ignoring the Trump effect and not staying bullish will pay the price.

We never had a businessman president for many decades.  


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#14 bln

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Posted 17 July 2017 - 05:32 AM

My belief is markets going even higher. The 1-2-1-2 extended wave sequence is not yet complete in SPX and NDX. Maybe the first 3-4 is done, so there have to be another 3-4 before the market put in a top of larger dignity.



#15 andr99

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Posted 17 July 2017 - 06:49 AM

as I said I am open to the possibility this market stays up even longer than just this week, but I am confident that if we don' t have any IT correction starting late this week, we will have it by the end of the month +/- one ot two trading days  


forever and only a V-E-N-E-T-K-E-N - langbard