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Strategies & Market Trends : TRIPLE TRADES
OPEN 7.615-2.0%9:30 AM EST

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To: Fiscally Conservative who wrote (3905)9/30/2024 2:14:01 PM
From: Tweets Boar Hog  Read Replies (1) of 4391
 
Are you still nurturing GLBS?

The Baltic Dry appears to be making a huge turn, readying to launch on a long run. BDRY did 10 X plus on the run in $BDI from 500 to 5500. Does this mean it will do 20 X plus if the $BDI runs all the way to 12000? I tend to think yes.

GLBS ... bottom in?

Tweets

Very strong 7/3.5 yr cycle, weaker 9/4.5 yr cycle. 2023 appears to have marked one heck of big coincident cycle low, which should be very bullish. For the Baltic Dry to roll China and Asia have to head into their next boom, as they flood the world with goods. jmo. The Shanghai appears to be breaking out of a long long sideways consolidation.



BDRY, putting in a rounded bottom so it looks. Nice 50 % pullback.


GLBS hit a 7 yr low, the move off the bottom sure looks impulsive. Otoh highly speculative stuff here. No position, thinking about it. Could it do 200 again?

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