20 replies to this topic

[senorBS]

Market technicals and wave patterns suggest to me Dow and S&P could roll over hard and big time - int term at least. So many technical and inter-market divergences and negatives and now interest rates really spiking, Risk looks very high in general market IMO and FWIW. Stocks have been going up for years with metals/miners generally declining - is that big picture relationship changing? we see

 

Senor

[gannman]

Funny you posted that senor I was just going to post the same thing qqq does not look good to me

And gdx very well could be bottoming I think the deficits from the tax cuts will create real

Problems fwiw

[dharma]

this is a great big picture view https://gracelandupd...d1.png-thompson

hadik calling for a top in mid october gold bottom.   we are very close. i am waiting to see if a crash causes even more capitulation in the miners

dharma

fewer and fewer stocks are pulling the train higher.  

its been since 09   might be a record. 

like the yanks breaking the homer record in a season! ha

[gannman]

I was watching the wildcard game judge crushed that homer

[senorBS]

down over 200 Dow points and appears a very good chance a wave 3 down is unfolding and this could take the Dow a LOT lower, IMO more bearish evidence.

 

Senor

[dharma]

the question in my mind is when does the fed blink! consumer confidence is the name of the game. 

dharma

[Russ]

Mr. Superbull calling for 40K dow speaks about the most hated bull market ever as well as still not liking gold...yet.

 

 https://www.armstron...n-the-door-yet/

 

https://www.armstron...hat-is-the-key/

[senorBS]

so far todays decline is more evidence of a market top and looks like wave 3 down is very possibly underway and we could decline several hundred more Dow pts here quickly. Be interesting how far down it "might" drag the miners. Ultimately I believe a several month or more mkt decline will be bullish for metals/miners

 

Senor

[gannman]

me too i think these tax cuts will create a dollar crisis here 

 

people will flee to gld when they realize this admin doesnt 

 

know what its doing

[crossd]

Zulauf interview in Barrons this week expects a stock bear market   off 25-30%  ending mid 2019

 

donc