one view : more down in store at least 3-5%
http://scharts.co/1ppHnOU
probably reasonable to add some hedges today
the next leg
Started by
dharma
, Aug 14 2014 10:42 AM
63 replies to this topic
#52
dharma
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Posted 04 September 2014 - 10:43 AM
upward movement spinning its wheels not able to get much traction.
keep in mind seasonally sept tends to be the best month of the year
still , the market has divergences.
rupee doing well against the dollar . and raj is buying dollars
keep in mind india has 8% interest rates and 5 % gdp growth
http://www.graceland...014sep4rup1.PNG
tomorrow is the jobs report
draghi will do some asset buying
dharma
keep in mind seasonally sept tends to be the best month of the year
still , the market has divergences.
rupee doing well against the dollar . and raj is buying dollars
keep in mind india has 8% interest rates and 5 % gdp growth
http://www.graceland...014sep4rup1.PNG
tomorrow is the jobs report
draghi will do some asset buying
dharma
#53
dougie
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Posted 04 September 2014 - 11:38 AM
nothing pretty about today but was expected
the quiet around here is telling
Edited by dougie, 04 September 2014 - 11:41 AM.
#54
dharma
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Posted 04 September 2014 - 01:18 PM
i am thinking that tomorrow after the jobs report , we see where the market is heading
draghi, or @least i didnt see , instituted a qe , but to what extant.
euro on the skids
dharma
#55
dharma
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Posted 04 September 2014 - 02:41 PM
i am initiating a position in faz! the rising wedge on the weekly chart is screaming @me
2 days in a row the market opened higher, and then the rally fizzled!
starting here. will add
dharma
#56
dharma
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Posted 05 September 2014 - 10:30 AM
long faz the broads have this enormous rising wedge. sept/oct is crash season
i am not inspired by the action in the metals, not doing any buying
sept is the best month of the year for gold, that is in the back of my mind.
hoped for a gap fill on gdx , which we got this morning.
while the future looks bright for the pms, the present is very iffy. 1245 is my dividing line
above that and we have possibilities , below that and the bear may have more to say
dharma
The HGNSI was unchanged yesterday at -21.9%
. MarketVane’s bullish consensus fell a point to 48%
while the DSI fell 4 points to 19% (which is its lowest level since hitting 17% on June 9th... 4 days after the June nadir).
Edited by dharma, 05 September 2014 - 10:38 AM.
#57
dougie
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Posted 05 September 2014 - 11:57 AM
somehow something ugly is going to transpire this weekend
#58
dougie
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Posted 05 September 2014 - 12:00 PM
weekly sure still looks like it wants to go down...
funny how easy it was to mock that idea a couple weeks ago...
#59
dougie
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#60
dharma
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Posted 05 September 2014 - 02:03 PM
looks to me like gold could have bottomed.
miners are more iffy, i think they may have a little more to go.but, it appears this will be another low
in the base building process
dharma
