Two Day Rally Completed the Top
Last Wed. I posted that the charts and technicals were setting up for a stock market top, after a two day rally. We got the small bounce and the trading action has been muted at best.(I expected the rally to be limited.) Just as during most of the 5 month rally the NASDAQ and S&P were stronger than the DJIA, recently that has flipped. It had been the DJIA that has been stronger while the S&P was slightly positive and the NASDAQ has rolled over and been the weakest of the three. That is classic textbook that the stock market is headed lower. This week should begin a major move lower. We’ll have to see if it is sharp and quick or more measured and drawn out?
Is this anything like the move up in gold and silver where we were supposed to back up the truck?
Last week, I think?
Gold/silver now ready to move higher? The delayed summer rally?
Try staying on point. You made the same comments for the last few weeks and yes I was wrong about gold and silver a few weeks back. I didn’t say to back up the truck. I don’t mind criticism when I am wrong but I haven’t said anything on the metals for weeks because the charts haven’t said any thing lately. When they do I will post. I posted about the BRICS and possible gold revaluation but haven’t discussed the metals direction or any of the specific stocks since August 1st when I was wrong.
Wrong >?
Boomer…He was wrong ! Yikes…can you handle that ?
How can that be ?
Someone shares his opinion on a stock sector and he turns out to be wrong ?
Can that actually happen ?
wow…what a thing
🙂
Hopefully CM you will continue to post your idea.
We like ideas here ..right or wrong
In the same vein, Sir Fully, I’d not call any charts technical analyst as full of Bullshit. I have the most respect for Sir CM, and that I owe to him for his call on C3.AI (ticker AI) … not on any PM related call …
I was quite taken aback by such a comment from you, of all the people, Sir Fully.
Whatever little 14-15 year journey I’ve had with stocks and PMs, have told me this: if one can be right even one in 40 times, as in calling the right price direction, I do not think they are bullshitting! Period!
In case you still think I’m talking in puzzles, here’s a follow up chart from another Tweeter:
https://twitter.com/Comm_Invest/status/1690356539981168642/photo/2
GL