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Even the stupid people will figure out that money is going into Gold


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#11 skott

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Posted 21 February 2020 - 10:20 AM

up about 55% on each of those lots of puts



#12 skott

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Posted 21 February 2020 - 10:29 AM

The virus is beginning to spread rapidly in Japan, South Korea, and Iran, which should create further negative impacts to supply lines and global economic growth.    RIR (real investment report)



#13 skott

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Posted 21 February 2020 - 10:38 AM

THEY desperately want and need to hold 9470 in the naz 100 futures. at this point we have a 5 wave move down. so a bounce can come at any time. wave 5 can of course extend. The alternative is throw out elliot wave theory



#14 skott

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Posted 21 February 2020 - 10:47 AM

January stock buybacks were the slowest in January since 2013. hmmm. one support leg pulled out from under the market's proverbial chair. What's next besides coronavirus?



#15 skott

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Posted 21 February 2020 - 10:53 AM

and where did they take the naz 100 2.5 pts above right where I said. and bounce. we'll see if it hold long term.



#16 skott

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Posted 21 February 2020 - 11:00 AM

gold likely consolidates, corrects. don't chase



#17 skott

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Posted 21 February 2020 - 11:03 AM

naz 100. I'm guessing is in a wave 4 bounce and then we'll get a wave 5 of 5 down ending today or monday.  Where is blustar?



#18 linrom1

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Posted 21 February 2020 - 11:15 AM

naz 100. I'm guessing is in a wave 4 bounce and then we'll get a wave 5 of 5 down ending today or monday.  Where is blustar?

Might be finished?



#19 skott

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Posted 21 February 2020 - 11:23 AM

semi's are getting smash. trying to find support above the 20 and 50ma which are both nearby. if those fail, it's about 20% down to the 200. personally, I'm thinking, guessing it goes there and maybe by march 20th  there is a cycle low on that date according to some and that is shortly before tax time. I have a feel this year taxe time is going to produce problems and the market is anticipating that.



#20 skott

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Posted 21 February 2020 - 11:39 AM

yes, Linrom it might be finished. I already said that. the first wave down. Of course it's possible the whole thing is over and we go on to new highs before correcting any more. I doubt that but no one knows