Excerpt ( I love this one)

Over the next week I’ll be showing you many long term charts for all the different areas in the markets as part of the Quarterly Report I do for Catherine Austin Fitts who is the founder of the Solari Report. It’s a lot of work but it forces me to look at the big picture for signs that our bull market, which has been in place since the 2009 low, is still intact and viable. When we just look at the short term charts it’s easy to miss the big picture and what it means for the long term. All bull markets will come to an end and our current one will be no different.

There will be signs along the way that will tell when things are starting to deteriorate in a meaningful way in which we will have to act accordingly. For the time being I believe we are still building out a consolidation pattern in the ongoing 2009 bull market. We are in a trading environment as long as the consolidation phase keeps developing. There will be sectors that were very strong and begin to correct while some of the weaker sectors may find some hidden strength that wasn’t seen before. We will most likely see capital rotate from one sector to the next until the correction is compete and then we can experience the next important impulse leg up in the secular bull market.

The job of a consolidation pattern is to confuse both the bulls and bears alike until they can’t see straight. The old adage, the trend is your friend, speaks volumes about the markets. So until we see a major shift in the secular bull market the trend is our friend. There will be times during this correction that it will feel like the end of the world as we know it has arrived. The bull will do everything in its power to buck us off before the eight seconds is up. As I mentioned many times previously, if it was easy everyone would be millionaires.

The rest is for members

https://rambus1.com/2018/07/01/weekend-report-160/