Great projection (2930), fulfilled. Let's see if your backfill happens now. $NYSI still not in 'kill' territory yet, so very possible.
Another Hindenburg on both the Naz and NYSE today.
~D
Edited by dowdeva, 02 August 2019 - 09:25 PM.
Posted 02 August 2019 - 09:25 PM
Great projection (2930), fulfilled. Let's see if your backfill happens now. $NYSI still not in 'kill' territory yet, so very possible.
Another Hindenburg on both the Naz and NYSE today.
~D
Edited by dowdeva, 02 August 2019 - 09:25 PM.
Posted 03 August 2019 - 11:14 AM
Market is flying on 2 wings:
1) China trade deal to benefit both China and USA
2) FED moving to dovish category.
#1 is meta-physically impossible. No war in history ever had 2 winners. USA is the big loser currently,
and will not give in so long as Trump is POTUS. China can not surrender because millions will be unemployed
in manufacturing, the backbone of middle class jobs.
#2 FED chair is not bowing to intense pressure by Trump to lower rates significantly.
Unemployment is at record low, highest # of Americans ever since records were kept have jobs currently.
GDP is increasing 3% and corporate profits are up nicely with marginal rates reduced from 35% down to 21%. Of course Trump wants lower rates, It will make his businesses millions more in profit due to their carried loans. And a juiced up economy increases re-election chances. Win-Win for president Trump.
But Powell is keeping cool, not petrified by pressure from Trump, and acting rationally. 25 basis point is all he came up with. The China wing will disappoint first. Either side can not surrender. So China will kill time, pretend to negotiate, and hope to negotiate with a new president who will take the political path of least resistance and keep the trade deficit at high levels.
Edited by pdx5, 03 August 2019 - 11:15 AM.
Posted 03 August 2019 - 12:41 PM
Great projection (2930), fulfilled. Let's see if your backfill happens now. $NYSI still not in 'kill' territory yet, so very possible.
Another Hindenburg on both the Naz and NYSE today.
~D
But was it really his projection - or was it the feds move and the Trump tweet ?
I am not trying to be a joker here - I really don't understand
so had the fed dropped rates 50 basis points with dovish talk and there was no tweet the market would have STILL dropped 3% like his prediction because the cycles would have over powered everything else ???
if you feel my questions have merit and are legitimate please respond Blustar
Posted 03 August 2019 - 05:06 PM
Posted 03 August 2019 - 11:04 PM
Posted 04 August 2019 - 05:47 PM
Great projection (2930), fulfilled. Let's see if your backfill happens now. $NYSI still not in 'kill' territory yet, so very possible.
Another Hindenburg on both the Naz and NYSE today.
~D
But was it really his projection - or was it the feds move and the Trump tweet ?
I am not trying to be a joker here - I really don't understand
so had the fed dropped rates 50 basis points with dovish talk and there was no tweet the market would have STILL dropped 3% like his prediction because the cycles would have over powered everything else ???
if you feel my questions have merit and are legitimate please respond Blustar
Posted 05 August 2019 - 09:45 AM
Congrats Blustar, don't mean to steal your thunder but I said quick drop to 184, I'm now thinking we bottom todayor by 10:30 am tomorrow. Your thoughts TIA
Posted 05 August 2019 - 10:20 AM
I believe today has capitulation written all over it and a c of Z wave of an XYZ bull flag is forming here (or has already formed). Next is a strong wave up to around August 19 and maybe near 3095 SPX. Today is 9 week from the June 3 low and it could be the ten week low easily. So a bounce into Tuesday and then a secondary pull back low early Wed is expected. We should have much higher prices by week's end if I'm right.
Posted 07 August 2019 - 01:29 PM
I believe today has capitulation written all over it and a c of Z wave of an XYZ bull flag is forming here (or has already formed). Next is a strong wave up to around August 19 and maybe near 3095 SPX. Today is 9 week from the June 3 low and it could be the ten week low easily. So a bounce into Tuesday and then a secondary pull back low early Wed is expected. We should have much higher prices by week's end if I'm right
I'd say, if our correction is 10% or less we will head to new highs pretty quickly, only around 4% now and is showing some stability, for now, if this is all we get, we see new highs soon. (JMHO)