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Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: #Breeze who wrote (19896)	8/16/2024 1:52:51 PM
From: Kirk ©	Read Replies (1) \| Respond to of 26729

GLD... flag poles, iH&S (or H&S continuation) patterns... a new H&S neckline breaks with a move through the line at $230... I think this projects to 300 on GLD Gold Wave Count Update. Minor Wave 5 of Intermediate Wave (3) in play with a target of 2,690. Note breakout from a bull flag/ pole formation. That breakout projects 2,990. But 3,000 will get hit . FWIW, I think the Fed should keep rates above 5% until inflation is really down to 2%. Harris and Trump are making stupid promises that will not come cheaply so money printing may continue.