Loading ...It’s Never Been About IF – But Rather When
It has never been about if, but rather when, the stock market would break it’s Jan. 24th lows and plunge lower. Unlike some prognosticators that the stock market would see a Limit Down day by now, I have felt that it was going to occur either today or next Tuesday, after the holiday weekend. We may very well take out the lows today and that would set things up for a limit down open on Tuesday.(That is IF they even open up the markets after the Holiday weekend) Something BIG is coming and unless it is a dollar revaluation and return to a gold standard, it isn’t going to be good!
CM, you’ve mentioned take down Tuesday before. Your thoughts on a PM takedown after the Monday holiday? Thx.
It is quite probable as there is the usual monthly options expiration on the gold and silver futures. They almost always use that for a pullback. However the Tuesday takedowns have morphed into a Tues. and or Wed. phenomena. Notice though that even the takedowns have become less severe and usually are only part of the previous upside move. The bulls have the advantage and it will become even more obvious soon.