12 replies to this topic

[redfoliage2]

VST The dip will be bought again and the market may get another push up.

 

http://www.politico....schedule-244071

Edited by redfoliage2, 23 October 2017 - 01:11 PM.

[redfoliage2]

Powell is the most likely candidate for the Fed chair:

http://thehill.com/h...tes-for-fed-job

[redfoliage2]

I guess once the Fed chair is announced this market will mount a relief rally. Trump said it will be announced very soon................

Edited by redfoliage2, 23 October 2017 - 03:00 PM.

[opinionated]

Is Powell known to favor higher rate right away?  Or is he of the wait and see camp?  I ask because this could be the big rally my cycles are pointing to in Gold... Even though two very skilled members here were kind enough to give me their opinions on Gold, (Both) said they saw a tradable bottom in gold in December. That could well be true with a double top at 1310 before then.

 

Something should be a catalyst if these cycles pan out.

 

Best

[redfoliage2]

We got a very bearish close today.  I see a gap down in the morning.............

[redfoliage2]

SPX and NAZ in bounce mode trying to reclaim the recent high................

[redfoliage2]

For tomorrow it will try to bounce again...........

[redfoliage2]

It looks they will try to gap it up again tomorrow.................

[redfoliage2]

It looks they will try to gap it up again tomorrow................

But I think a gap up will be sold. 

[Iblayz]

FWIW, I'm expecting today to be a local top. Note that I did not say "the top" because I have nothing that points to that. If I am right, the nature of the decline will tell me a lot. Taking out today's highs tomorrow won't mean to me that a decline won't happen, but it will mean that it won't stick. Selah.