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Is my target from here. I suspect 99% of the “gurus” would disagree which is encouraging 😉
Yes, you’ve seen this chart of mine many times before and it’s a great example of the dynamics of support and resistance. Just requires more days of patience to play than you’d like.
I have to admit this is a corageous statement to say the least 🙂
Youre right on that…lmao
Good chart, Mark. Thanks.
It is courageous, but I think market psychology supports it. So many sold out bulls on the sidelines who “saw” this correction coming a mile away.
Problem is the big secondary reactions come when no one is ready for them or wants them. This one has been wanted in the worst way.
Mr. Market does not like accommodating lazy investors who missed the bottom. This has been the most advertised correction I can recall. Only thing is Mr. Market never advertises the big ones. They come when every one is convinced they can’t come
Mark, Super Chart! Love the long term perspective. Keep em coming… 😉
You’re a champ Mark! You’ve been spot on with many calls prior, thanks for sharing.
Yes, it’s a very bold call…so I’ll tell what I’m going to do. If I’m wrong, I will refund everyone their last 2 years of subscription fees to my service. If I am right, then I will buy everyone here a drink 😉
🙂
FGC–any more T-shirts in stock?
I will give you the date if you like…
Around 09 July
Norvast, you agree with a turn here?
Yes we will get a “double bottom” 25 May and 28 May (so expect that on 27 May)
Other dates of interest are 31 May and 06 Jun
We are following the 2009 model to the day (the double bottom in 2009 was 17 and 20 April) so I expect a strong advance through to early July
Thanks, much appreciated…
I would agree, it seems like we have experienced a head fake here. GOLD seems to be turning and has a hammer on the daily at this minute on Investing.com and SILVER has been somewhat strong the last few days, or at least not weak. Also, USD is looking like it could go either way really, which right now is a positive thing.
I have had a feeling that the large reversal patterns are going to hold as it makes a whole lot of sense with regards to where we are right now with Everything.