The market kept accelerating out of trend channels yesterday. That’s crash behavior. In this case, a crash-up.
3815 around 1 PM ET.
At least that’s the 5 day cycle projection. For the big picture, see
The Composite Liquidity Indicator (CLI) Says Honor Thy Father and Thy Mother
Lots of Signals, Mostly Sells, Means Good Shorts Ahead
According to quantum mechanics, a flushed turd can appear in two places simultaneously, based on the position of the observer. But the quantum philosopher asks, if there is no observer, does the turd exist? In the stock market, there are many observers…
Was it good for you?
Yesterday, opening our thread here in the wee hours of the morning, I wrote:
Sure enough, yesterday afternoon, there was this: JPMorgan says Biden Presidency could actually boost the market LOeffingL
https://markets.businessinsider.com/n…
In the nime of Jaysus (Powell)! Praise the Load! Burn thine disco inferno. Burn baby burn!
The market is discounting a Biden landslide. Remember two weeks ago. The papers said that the market was selling off because of Biden’s growing lead in the…
5 day cycle projection now 3135-45, up slightly from yesterday. Indicatorsa are in trending mode after a failed sell signal overnight in Asia.
Dicsucs
The roof, the roof, the roof is on fire. But momentum is on a sell signal.
I’ve been watching markets since the late 1960s. This is the worst news environment I have ever seen. Frankly, it is so bad that I just can’t see any way that the US stock market could ever go down again. There’s just too much bad news.
If The Gold Doesn’t take out $1755 Next week Then it should head higher till September 2020, It should consolidate after that.
Like to hear from Other members about Gold and Stocks.