Goldtent TA Paradise

Mr. Bear comes to the Gold Tent

1. Surf City says:

   June 27, 2016 - 9:05 pm at 9:05 pm

   There is that dreaded MegaPhone pattern again. I don’t care for that pattern on any timescale but that has got to be the mother of all expanding wedges. 😉

2. Tommy says:

   June 27, 2016 - 9:41 pm at 9:41 pm

   Low interest rates have propped the market.

   This would imply high rates, right?

3. Adamarla says:

   June 28, 2016 - 5:35 am at 5:35 am

   Watch 17120 for the Weekly close on the Dow. A close below will trigger a sharp decline.
   In general the market will rise with higher rates, as it implies the economy is getting stronger and there is a demand for money.
   I am buying FTSE 100 today. Too much negativity … only 4% bulls yesterday. I think its a good contrarian setup.

4. JenkinsLane says:

   June 28, 2016 - 6:22 am at 6:22 am

   Friday’s Sentiment Trader desribed action across markets as a “shock day”, which has happened 4 times in last 20 years.
   Long and short of it is they say 3-5 day duration bounce likely then re-test of the lows. As of now, I think if we get the bounce then the fall,
   price will fall below yesterday’s lows.