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Animal spirits die on this board...


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#11 cycletimer

cycletimer

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Posted 07 August 2018 - 10:56 AM

Actually as I understand it, correct me if Im wrong, but I believe those turning points can come at anytime so he might have had the move right just the wrong direction maybe.  Who knows, I do agree with Redfoliage that this is going up on fumes and doesn't have the feeling of a healthy move, I'd prefer a -1.5-2% correction here to resolve it which could come as were nicely in that upwardly slanted channel.

The turning points are there on the calendar and its up to the trader to navigate the direction of the turn. I was poking a harmless jab at blustar because he consistently makes this outlandish market calls and theyre usually counter to NAVs trade and/or position