Click image for original size
JA
jarek
Rep: 94
Posts: 3,474
This coil will get unwound after Tuesday's meeting. The question is which way?
JA
jarek
Rep: 94
Posts: 3,474
Originally posted by jarek
... so maybe the time has come for a bigger correction (like 5 points or something)
Overnite it dropped a full 6.25 points right of my line for a .146 retracement of the last leg up:
Click image for original size
It must have been a gut-wrenching experience for all those fresh bulls who were not asleep at that time...
JA
jarek
Rep: 94
Posts: 3,474
Well,well - it dropped again 6.25 points off the high and geometry suggests that it might drop even more this time around:
Click image for original size
JI
jimkane
Rep: 3,058
Posts: 33,089
The commodity explosion has really begun. Given the dollar is up today, for commodities to still rise, that's something. Look at, for example:
Silver
Soybeans
Sugar
Cotton
Copper
Unless this changes inflation at the grocery store and pump for the middle class is going to be off the charts.
Good job, Bern-Quacke, I hope you are proud of yourself.
Oh, and BTW, as I said, there is already talk on the idiot box by many people that the Fed needs to do at least another $4-$5 trillion in QE. Like I said, they will go to $10 trillion. And the dollar will go to zero. Or the system will collapse first. A madman is in charge, he answers not to congress, not to the president, not to the people, only to his international banking cartel, and essentially no one even cares that he can't be audited, can't be reasoned with, it sounds like the lines from the first Terminator movie. And, as we know, he's not even a part of the government!
Silver
Soybeans
Sugar
Cotton
Copper
Unless this changes inflation at the grocery store and pump for the middle class is going to be off the charts.
Good job, Bern-Quacke, I hope you are proud of yourself.
Oh, and BTW, as I said, there is already talk on the idiot box by many people that the Fed needs to do at least another $4-$5 trillion in QE. Like I said, they will go to $10 trillion. And the dollar will go to zero. Or the system will collapse first. A madman is in charge, he answers not to congress, not to the president, not to the people, only to his international banking cartel, and essentially no one even cares that he can't be audited, can't be reasoned with, it sounds like the lines from the first Terminator movie. And, as we know, he's not even a part of the government!
JI
jimkane
Rep: 3,058
Posts: 33,089
Originally posted by jarek
...Overnite it dropped a full 6.25 points right of my line for a .146 retracement of the last leg up... It must have been a gut-wrenching experience for all those fresh bulls who were not asleep at that time...
JA
jarek
Rep: 94
Posts: 3,474
This looks to me like a nice potential shampoo pattern. Bulls need to try harder to avoid it's fulfillment:
Click image for original size
JA
jarek
Rep: 94
Posts: 3,474
Bulls realize how important the red line is:
Click image for original size
JI
jimkane
Rep: 3,058
Posts: 33,089
And the bulls win once again. They will win until the total collapse of the known financial system, in my opinion. Look at commodities. How huge increases in food, pump gas, building materials, etc. will help this recovery I just can't fathom. I think crude will take out the $147 high soon. I use the term 'soon' here in a relative way. Go back to the trend into $147, put that slope on it from here, and estimate the time. I think it will happen faster, but my conservative estimate is about that. But, this time $147 won't slow it down, in my opinion. Bern-quacke is getting exactly what he wants. Heads we lose, tails we die...