you must respect the trend, until it ends
Are you thinking like a criminal, or trying to outthink the criminal who is thinking about outthinking you?
huh?
Daddio, I think the gold bugs are correct, and that bottom sym triangle will break in the direction of the trend ... those re-trace targets will have to wait until the lows are re-tested.
stockcharts.com[L,A]DACLYYMY[DE][PB50!B200!A50.88!A60.52!A68.31!F][VC60][IUB14!LA8,17,9!LH5,5!LI5,5]
Re-test of XAU lows would be the norm, Norm. At least that's what my main frame shaggy stain says on Sec. Trader. Even goes so far as to mention a possible meas. of 25...
It's Nasdaq make or break time...
piteraperspectives.com
and with this frightening list to follow, I know there are a lot of folks who will rest easy knowing that any and all warnings and disappointments will be bought<gg>
etrade.com
I think the Naz will break... down that is<g>
Finally the U.S. Dollar, may it rest in peace<gg> I know Carl Swenlin says the long term trend is up, and I believe him, but the SHORT term says this big rising wedge starting from the May highs and the June lows could make it back to 105.5. Of course nobody cares about the long term, so everybody will think the dollar is tanking for good...
stockcharts.com
this could be bad bad bad for stocks short term<gg>
worry...what worry? Slope of hope... not even. Man, the bulls are totally convinced all the bad news is priced in... at least that's what they want everyone to think.
Right? <gg>
Regards,
John M. |
