Goldtent TA Paradise

my take on the Nasdaq long-term

1. Fullgoldcrown says:

   June 26, 2018 - 11:32 pm at 11:32 pm

   Nice Scofield

   There’s a lot of Bulls and There’s a lot of Bears .

   Sometimes it’s a Donkey ( just sits there and Chews Hay )

   🙂

2. norvast says:

   June 27, 2018 - 1:31 am at 1:31 am

   I disagree scofield.

   From past credit cycles there has generally been only one period of consolidation.

   The one 2014-16 was later than normal but about the same length as previous.

   I suspect that once we host an ICL this market will move out of that channel into the final advance prior to the mid cycle slow down in late 2019 or early 2020.

   A similar pattern is evident in the last credit cycle around Oct-Nov 1998, after which the market moved much higher before topping prior to the mid cycle slow-down 2001-03

3. scofield says:

   June 27, 2018 - 2:18 pm at 2:18 pm

   Very possible Sir Norvast that your scenario plays out. Are you thinking after this move is a big halfway pattern? The timing seems to fit right in the middle of 2009 and Armstrong’s 2032.