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OT: Stock market top?


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#1 senorBS

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Posted 04 October 2018 - 10:25 AM

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



#2 gannman

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Posted 04 October 2018 - 11:28 AM

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
feeling mellow with the yellow metal


#3 dharma

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Posted 04 October 2018 - 02:31 PM

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



#4 gannman

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Posted 05 October 2018 - 06:38 AM

I was watching the wildcard game judge crushed that homer
feeling mellow with the yellow metal


#5 senorBS

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Posted 05 October 2018 - 10:47 AM

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



#6 dharma

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Posted 08 October 2018 - 02:10 PM

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

dharma



#7 Russ

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Posted 09 October 2018 - 04:50 AM

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/


"Nulla tenaci invia est via" - Latin for "For the tenacious, no road is impossible".
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong



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#8 senorBS

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Posted 10 October 2018 - 09:46 AM

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



#9 gannman

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Posted 10 October 2018 - 02:25 PM

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


feeling mellow with the yellow metal


#10 crossd

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Posted 10 October 2018 - 02:46 PM

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

 

donc