They are going to Hell…from whence they came….right ?

Behold : 2018 : The Year of the backtest.

We who follow / Obsess over the markets can get very focused on the now.

Recency Bias they call it !

Its a real thing

Emerging Markets are an Important Sector

When EEM is rising things are pretty good in general ( and that includes for Commodities and Gold)

This year it seemed it has topped and is spiraling down into the abyss . ..with dire consequences for the Emerging Economies that had seemed so promising a few short years ago. The “fundamental” explanation is…rising interest rates are killing these markets.

To the point >

Ha…2018…the year of the backtest.

Looks like a great place to load up if one has the balls.

Chartology is really an incredible tool.

This chart is a Pure Classic .

Thanks Rambus for reviving Edwards and Magee’s principles and bringing Chartology to the forefront of Technical Analysis.

It is ever fascinating if one can keep an open mind.

https://goldtadise.com/?p=361304