possible ending diagonal
#61
Posted 21 August 2015 - 12:07 PM
"the financial industry along w/the media has corralled folks into the stock market. we are in crash season. sit tight" I posted this on another thread, however, I believe it is also appropriate here.
Thanks for this thread. Best to you.
johngeorge
#63
Posted 24 August 2015 - 10:48 AM
#64
Posted 24 August 2015 - 11:46 AM
cots well the small specs increased their short positions so did the commercials. shorts feed the upside the small specs increasing their shorts by11k is a bullish indicator. the commercials increased by5k. not a big difference % wise for them
well the broad market has decidedly shown its hand . it sure looks to me like the 7yr cycle is in play. the market reacted down into march of 09.
we are in crash season now. and the worst months lie ahead sept /october. be wary be alert
my concern in all of this is , if there is a crash, the miners and gold/silver could get sucked down as well. it was the case in 87 when the reaction to the broad market comes from the fed , people will recognize the fed is trapped in hotel california .
sentiment
HGNSI was unchanged on Thursday at -16.7%
MarketVane’s Bullish Consensus was unchanged Friday at 40%
the DSI rose 3 points to 45%.
if the 7yr cycle has turned up for gold , then higher prices will be seen. if the broad market gets clobbered it will create head winds for gold
dharma
sentiment still in the bearish camp. its a good thing for the bulls
very nice to see HGNSI staying negative at -16.7% and the COTs in aggregate near historic highs short, lots of "fuel" there but also expect huge volatility
Senor
#66
Posted 24 August 2015 - 12:05 PM
the economic fantasy of raising rates crushed .dharma
Your observation regarding the dollar rolling over very much appears to be taking fruition: $US Good call!
dollar going to find lower levels, of course not in a straight line
some of the other pieces of colored paper going to come into question
dharma
interesting marty was calling for 32k on the broad market. now below 15550 spells trouble
hey changing ones mind is part of the game . you dont change your mind and you have only
change jingling in your pocket
#67
Posted 24 August 2015 - 12:13 PM
#68
Posted 24 August 2015 - 04:08 PM
Edited by AChartist, 24 August 2015 - 04:12 PM.
"marxism-lennonism-communism always fails and never worked, because I know
some of them, and they don't work" M.Jordan
#69
Posted 24 August 2015 - 09:33 PM
which it is, just coming out of the closet to create the disaster to create the statutes."
AChartist
In 1976 I first became aware of a future global corporate government when watching the movie Rollerball. Does such a global corporate government lie in the near future? The way the world is now going I'd have to answer yes.
johngeorge
#70
Posted 25 August 2015 - 01:44 AM