In a previous post I forgot to mention the harmonic patterns, which some of you do very well.
There are always lots of balls in the air, jmo I think the harmonic patterns work best for shorter term time frames. But that is what most of you on this board do.
Who knows, I am on the 36 yr cycle, which I think has a long ways to run. Could blow most TA approaches out the back door. Time will show. I tend to think this is the brother of the 1929 run up, and has a ways to go. Eventually a top will be made, and then watch out below. I am 73, hope I live to see the top. Good shot at that.
What is going on with the dollar, interest rates and all that, really interesting. My read is Trump and co want to reduce ST rates, to fund the deficit interest, and etc. Trump is no picar, just look at his personal business background. Might work out ST, but LT no, that die imo has been cast. Watch the LT rates, the bond vigilantes are still alive.
Tweets |