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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (199156)	7/13/2024 5:46:32 PM
From: yard_man	1 Recommendation Recommended By GROUND ZERO™ Read Replies (1) \| Respond to of 220510

I am of a different opinion and I know for most it makes no sense ... let's see what happens. I think the Russell catapulted on the rumor or the rising expectation that the Fed will cut rates in September. I believe they will cut rates in September -- but the market will be selling off hard on that and maybe even before that. I'm looking at the longer term picture: 1st -- the rally from the pandemic lows ... then 2nd beginning in October of last year ... the leg we are currently in. I don't know e-wave -- other than the psychology surrounding the 1-2-3-4-5. Anyone who wants can tell me this isn't a 5th -- I don't care --- it feels like a last blast to me. I think Trump will likely be the president, but that he alone cannot fix all the monetary and fiscal misdeeds that started with the fake-demic. Chickens come home to roost before he takes office, imo. This rally isn't discounting him winning and looking to good things to come ... it's folks and machines anticipating easing financial conditions -- unfortunately, it's just too dmn late to do any good. All my opinion -- you trade your models -- and I know you will be short when you get the signal. I'm looking for the oppty to go short again ... Still have SOXS and FAZ -- obviously blown out of russell short -- I'll have a lot more committed short soon I think -- we'll see. I think the coming loose conditions may* propel metals and commodities to new highs, but more than this -- I expect the easing will produce the next up cycle for crypto. Near term RUT may exceed it's 10-yr high -- what is that 2450 -- I'd like that. Since '21 the RUT has been a ... sorry ... terrible loser. bigcharts.marketwatch.com And to make myself even less popular here --- if I had an ounce of silver for every time on this thread in the last 3 years that the prediction was made that the Russell was about to go on a tear -- we'll I'd have quite a stack. <g>