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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: TobagoJack who wrote (185731)3/27/2022 6:40:16 PM
From: sense  Read Replies (2) | Respond to of 218031
 
Agree with that view...

Only while noting that the "orderly" or "controlled" process has intrinsic limits... which might be violated from time to time, either by exogenous events, simple change imposed (and recognized), or even by intrinsic conflict with other cycles... which may exist without you noting them. I've pointed to that already in gold as both correlation and conflict emerging in the interactions as interference or reinforcement of moves at intersections between the 1980 and 2011 scale cup and handle patterns...

Also, of course, always think it important to correlate "what the chart shows" with more than "math" or "patterns" that feel comfortable... so, need to see reasons based in market reality, telling us why the pattern exists, why it shows what it does... as not having that means being kept in the audience, expected to keep beat with the drummer... but being left blinded to the reality in the production of the show... while there's a settlement taking place as the money is being counted in some back office.

The other primary objection I'd pose to the presentation re "the markets"... is that it is stuck to a view of a single time frame and chart period expected to be accepted as controlling... which may tend to blind you to "other events" originating in other time frames ? Same issue as if I look at a 30 minute chart... and it screams BUY... but I back out to a weekly chart and it says... this POS is about to be pushed off a cliff... I want both views...

His perspective on a downward channel suffers that error... A longer view will show BOTH that there is a rounding peak that may accelerate lower suddenly... and that there is a real possibility that they might well try to goose this thing higher... breaking those other patterns ?

I think you have to be blind, in current circumstance, to ignore to effort being made to steer events toward enabling the potential for "Declaring Victory"... which would change little in reality... but, the markets these days not being all that much about reality anyway... ???

FWIW... Long gold... getting longer silver... long oil and getting longer, and parsing rotation trades in focus today... while not quibbling at all with his conclusions re short term elements in the near term dynamic... which may be off by a few days... or not... depending on news flow ?