ST bearish, IT bullish with new highs in August ...................
Markets going down into mid August
Started by
Russ
, Jul 13 2020 05:25 PM
48 replies to this topic
#32
kaiser soze
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Posted 14 July 2020 - 10:21 AM
I'm getting more confident that cyclicals will be sold big time, either in the next few days, perhaps by end of the week - notwithstanding this early morning pop.
WFC's earnings showed how weak the real economy is, in a way that is hard to ignore. Europe seems to be doing much better though.
#33
K Wave
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Posted 14 July 2020 - 10:23 AM
Bulls working on trying to turn 9400 area into support zone on Trannies
Whether they are successful or not may determine the rest of today...
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#34
K Wave
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Posted 14 July 2020 - 10:37 AM
NYA peeks its head over 12100...could be a head fake...but if it last more than a few min, and Trannies make a new HOD, could be something more...
probably real close to decision time here
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#35
da_cheif
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Posted 14 July 2020 - 10:47 AM
Several charts including Silver are pointing at a early to mid august market index low, it's easy to be bearish, anyone can do it.
This indicator also predicted the crash last December although the low came earlier than projected , it also predicted the Gold low on Nov. 12, 2019 to the day last summer which Gannman and few others on the gold board saw me do and a few dozen other hits over the past 2 decades including the housing index low in spring of 2009 (which I posted on this board in 2007) and it predicted the Gold low in 1999, that signal was on the chart in 1993.
No I am not perfect, this can be quite hard at times and sometimes you cannot find a signal, but this signal looks strong for an august low. Tradestation (which I am working on restoring) runs the full version of this oscillator and has much better drawing tools than Tradingview .
VXN should peak mid August...
"it's easy to be bearish, anyone can do it" from ur lips to GODS ears
#36
K Wave
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Posted 14 July 2020 - 10:51 AM
SOX coming into potential resistance area 2050-60 after the big bounce off the low
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#37
K Wave
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Posted 14 July 2020 - 11:01 AM
look like trannies gearing up for their big attempt to leave 9400 behind....
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#38
K Wave
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Posted 14 July 2020 - 11:07 AM
look like trannies gearing up for their big attempt to leave 9400 behind....
no juice....
bears may just taken ball back intraday....
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#39
K Wave
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Posted 14 July 2020 - 11:19 AM
Trannies refuse to rollover and play dead....the longer they hold up here, the more likely a bullish outcome....
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#40
K Wave
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Posted 14 July 2020 - 12:41 PM
Trannies fresh HOD...within spittin' distance of yesterday's high now...
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
