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Monday the 8th, and the landscape has changed once again. This is why trading is so difficult, trying to assess what's going on from day to day, week to week. My assessment below is claiming the Dow is in the beginning stages of a correction, and my comments explain why. Today, all that has gone away making me look...more
The inevitable is here, as he pointed out in his opening statement, uptrends have life cycles and this one appears to be ending, at least for the time being. As I pointed out in a previous comment, when the upper Bollinger Band of the monthly chart falls, so will price. Yesterday, the top band was at 14,664.00, this ...more
The Dow has had a nice run up, even if the last few months have been staged, and it is very close to a down turn. The Bands are no longer diverging, the Bottom Band has turned upward, the top Band slowly declining. When the top Band breaks downward, we will have a change in the Trend; the Dow is due.
What type ...more
"my billionaire sister doesn't love me . . . and I don't love her"
The real issue is he doesn't love himself; it has nothing to do with Madonna or her means, or for that
matter any other human being. Self destruction is the order of the day.
Re-Tog . . . Your sentiment is accurate, as long as the Bands continue to diverge price will rise but I must tell you, the Fast Stochastic on the Monthly Chart is at 96 and can only go to 100, so we might be close. I would tread cautiously.
A couple of weeks ago, I commented that the Dow's June contract indicators were at extreme positions, to levels I've never seen any futures contract at, based on my tracking experience, I was certain the Dow was ready to fall. I was commenting on the Daily time frame, not the Monthy and that was my mistake, I didn't ...more
I'm not a financial planner, so I'm out of my league here, so read these lines cautiously. The Dow is going to fall, actually it's in the process as of this post. I'm not a stock investor; my gig is commodities, a different animal altogther, a field that I am proficient in.
I'm aware that when you own Stock, ...more
bonito . . . That's a great question. I hope it's not the latter but with all this outside tinkering by the Feds, manipulators and the like, the fact that it's not the natural ebb and flow as it should be creates many questions and doubts without answers.
If the correction is a mild one, then you know the forc...more
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