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#1 tradesurfer

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Posted 19 May 2020 - 12:29 AM

Financials XLF better knock it out of the park rest of this week... chance to lead...

 

or BUMP its head on the curve and reverse HARD DOWN.

 

 

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Edited by tradesurfer, 19 May 2020 - 12:30 AM.


#2 OEXCHAOS

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    Mark S. Young

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Posted 19 May 2020 - 08:52 AM

They have to be minting money. 2-month AA Commercial Paper is yielding 4 (!!!) basis points.


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#3 tradesurfer

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Posted 19 May 2020 - 10:10 PM

yes money has no where to go but stocks.... but cash reserves also need to be deployed to prices that represent value and that number may be between 15,000 and 17,000 DJIA

 

an interesting battle here for sure.  Armstrong says this week specifically is a panic cycle week, meaning we take out BOTH the high and the low... so far we took out the high... now comes the low...... into a three day weekend.....



#4 Waver

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Posted 20 May 2020 - 06:53 AM

Tradesurfer
Which low?
He surely cannot be talking Marchs low

#5 tradesurfer

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Posted 20 May 2020 - 07:34 PM

Well for this week the panic cycle refers to this week's low.

But intermediate term the expectation is we will do a retest of the March lows and maybe slightly under BEFORE we do a slingshot up.

His computer is targeting 15,000 on the djia as intra month low, perhaps the could happen in June


Tradesurfer
Which low?
He surely cannot be talking Marchs low


Edited by tradesurfer, 20 May 2020 - 07:37 PM.