Copper up big. Everything is accelerating into recession as it is supposed to like in 2007.

we either have a wave 1 of a new bull market or more backing and filling
#8631
Posted 31 July 2024 - 09:14 AM
#8632
Posted 31 July 2024 - 09:17 AM
Copper up big. Everything is accelerating into recession as it is supposed to like in 2007.
The real clues likely come in couple of days after Apple and earning head games are over
Bonds moving nicely here though
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#8633
Posted 31 July 2024 - 09:19 AM
What Silver bulls must do now is actually reclaim G/S 84...and NOT let it turn into support...may be a bit of a battle here for a bit
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#8634
Posted 31 July 2024 - 09:24 AM
what did i miss to see gold soaring and equities tanking?
On a separate but related note, SMH broke its key support level @ 235. A close around these levels implies another 8-10% down draft in the works.
Getting close to my targets SMH 227/ NVDA 102.
any thoughts on a long at those targets for a bounce?
111-116 zone. SMH hit the 62% Fibo of retrace from April lows, and 1st Fibo of move from Oct 23 lows.
Exit NVDA @ 115. Back in SSG @ 8.
#8635
Posted 31 July 2024 - 09:36 AM
Copper up big. Everything is accelerating into recession as it is supposed to like in 2007.
The real clues likely come in couple of days after Apple and earning head games are over
Bonds moving nicely here though
This is Samsung, just reported good earnings. Maybe it means they're taking share from AAPL?
#8636
Posted 31 July 2024 - 12:42 PM
I suspect we may know by the end of the week whether the bull is still alive or not......
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#8637
Posted 31 July 2024 - 01:49 PM
Just need that gold silver ratio breach 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
#8638
Posted 01 August 2024 - 10:15 AM
Likely no decision until after apple later
Exciting times.....
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#8639
Posted 01 August 2024 - 11:29 AM
Note how IWM led the charge down this AM.
My guess is that we're in the B wave of a major2. Holding NVDA puts.
Bullz' best case scenario is a higher retest of yesterday's lows. Otherwise, it's a long ways down.
Edited by beta, 01 August 2024 - 11:30 AM.
#8640
Posted 01 August 2024 - 12:04 PM
fwiw we maybe in wave 3 down or wave C down??
dharma