This is intended to be a forum for me to post chart ideas and hopefully receive feedback and stimulate discussion.It is not intended to constitute investment advice.
It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning. Henry Ford
BullTards setting themselves up to get whacked again. eejitz.https://lh6.googleusercontent.com/_d2-oWHwlREk/TbiBpKvdBSI/AAAAAAAAAIY/bX5iLSRdyw8/s576/Misc.0001.jpg
The decline in no way looks steep enough to mark the end of the ext 4Y cycle, and time wise is way too short. Min target would be lower BB at 1778. Perhaps the rise into the peak is not yet over, or as the elections near more investors will bail, realizing there is little need for more prop. This action today is pure Boole sheet. Whttp://scharts.co/1oMzZDu
Hey CR, do you know what he means when he says It appears that the Phase Transition in stocks will be postponed into the downside of the ECM."? I'm really not sure how he looks at this phase transition, as he calls it- does he mean he thinks it's crashy-crashy time now, only to get pumped up in 2016, or is it the opposite?Smart guy, but he can make my head hurt. A.
something to do with Europe ? not sure