10 replies to this topic

[Rogerdodger]

Gold is losing and UCO short term (intra-day) indicators look supportive of more upside if it stays above $29.75.

Gasoline is getting closer to $4 bucks around here.

 

However UCO's daily MACD has rolled over and is at the March and April highs around $30.

 

Keep a close eye on the yellow metal here ($1900) as the USD is also near a double top.

 

One commentator: "BRICS =  the end of the petrodollar and the demise of the dollar as the world's reserve currency."

Edited by Rogerdodger, 16 August 2023 - 11:30 AM.

[steadyquest]

The cost of energy along with deficit spending should keep a fire under inflation into the foreseeable future.  Equities are likely to be perceived as the safest haven against the resulting debasement of fiat.  Not to say there can't be some scary shakeouts along the way - but the lost ground should be quickly recovered.

 

 

[steadyquest]

I'm thinking this could be the major count.  I like the way it nails the 0.5 level on the way up, and how it also contains all the topping action between 0 and 1.  Considering the general bullishness of the market, it could easily bounce off 2.33 (which it hasn't quite hit) and never look back. This chart's not current - the price is now back down to 166.3 - I expect some fireworks soon...

 

https://www.zerohedg...ght-be-done-now    

 

[K Wave]

Potentially classic floor recapture in DXY???

 

This has all the earmarks of a classic Shake N Bake major bottom....

 

It does need to clear 200 day to confirm...peeked just above today.

 

Once 200 cleared, slingshot engaged mode....

 

Below the yellow line, then something else might be going on...

 

 

 

Meanwhile Yen falls below 145 USD, as Swiss continue to absolutely destroy it

 

 

10 yr JP Yields...tick....tick...tick

The start of the end game for Japan feels close now....

 

 

 

 

 

 

[steadyquest]

Would normally expect a rally - but there's not much normal about the world these days.

 

 

 

[pdx5]

https://www.yahoo.co...-162713259.html

[steadyquest]

[K Wave]

And check out the Huge Island in the Sky on NYA

 

Now below the breakout point........15 min jump off the bridge a thing of beauty

Below 15600...buckle up...

 

[K Wave]

Dow right at the beginning point of what is likely going to turn out to be the last gasp throwover to end the 40 yr bull cycle.

 

Below 33600, there will be no more more saves....

 

Edited by K Wave, 17 August 2023 - 01:14 PM.

[K Wave]

And Dax gave it one last go...and looked hopeful for just a brief fleeting moment...just before it quit....a perfect throwover cherry on top to end it...

 

And people asked why I was watching the Dax for clues...

 

Edited by K Wave, 17 August 2023 - 01:23 PM.