Chuck,
Why don’t you put up the chart of AAPL anymore in the recaps? The traders watch and comment on it all day in the chat and you used to cover it. You are not still short are you? I thought your stop was $128 or better.
The bond auctions this week should provide a catalyst for the market, to make or break. The bond market, being much larger than the stock market, can not be manipulated as easily. It should bring some reality back into the financial markets.
But is the danger of dollar becoming worthless, as per Jim Rogers, a real possibility? If such a thing does happen, it will be a shame for the US, that govt will do anything, including self-destruction, to keep the market propped up!
Please note he was accurate to the day predicting the commencement of th Jan & Oct falls.
For those wanting to exit the share market, this may be the last opportunity. It is possible that the next
decline will only be a correction of the rally since March, but it is also possible that the next leg down in the
bear market is about to get under way, and we will never see current levels in the stock market again for
many years.
Germany
Frankfurt’s DAX index has been the signal bearer in the last week, as I have been pointing out in this
update. The rally since March is almost certainly ending with a diagonal triangle, which is a terminal
pattern. All that remains to be seen is the final shape of this triangle. It is possible that the ending pattern is
already complete (red lines on chart below). But given the catching up that other markets appear to need, it
is more likely that there will be one more lift to a new rally high before the reversal comes.
Thanks Velvet, I will hedge my positions with SDS. Nothing can go up forever. It would be healthy for a pullback.
Dave, that Cody guy on the link is one strange fellow. He exagerates quite a bit. Very dramatic. He makes some good points, only to lose credibility with some outrageous remarks. The young people like him but……….
Chuck,
Are you still in the GLD trade? I got out the other day and am looking to get back in.
Thanks
Dear Bears – I missed the close.
Just one line this time: Do not find the trend.
- By a proud and adamant bull
Chuck,
Why don’t you put up the chart of AAPL anymore in the recaps? The traders watch and comment on it all day in the chat and you used to cover it. You are not still short are you? I thought your stop was $128 or better.
The bond auctions this week should provide a catalyst for the market, to make or break. The bond market, being much larger than the stock market, can not be manipulated as easily. It should bring some reality back into the financial markets.
But is the danger of dollar becoming worthless, as per Jim Rogers, a real possibility? If such a thing does happen, it will be a shame for the US, that govt will do anything, including self-destruction, to keep the market propped up!
Hi Chuck,
an interesting article ive just read ….will be happy to read your comment about it…
http://blogs.marketwatch.com/cody/2009/06/09/why-im-so-bearish/
Dave,
I will tonight. Time has been somewhat on the short side lately so I have been trying to keep the videos short. Will review AAPL once again tonight.
This just out from my Australian Elliot Wave Guru
Please note he was accurate to the day predicting the commencement of th Jan & Oct falls.
For those wanting to exit the share market, this may be the last opportunity. It is possible that the next
decline will only be a correction of the rally since March, but it is also possible that the next leg down in the
bear market is about to get under way, and we will never see current levels in the stock market again for
many years.
Germany
Frankfurt’s DAX index has been the signal bearer in the last week, as I have been pointing out in this
update. The rally since March is almost certainly ending with a diagonal triangle, which is a terminal
pattern. All that remains to be seen is the final shape of this triangle. It is possible that the ending pattern is
already complete (red lines on chart below). But given the catching up that other markets appear to need, it
is more likely that there will be one more lift to a new rally high before the reversal comes.
Thanks Velvet, I will hedge my positions with SDS. Nothing can go up forever. It would be healthy for a pullback.
Dave, that Cody guy on the link is one strange fellow. He exagerates quite a bit. Very dramatic. He makes some good points, only to lose credibility with some outrageous remarks. The young people like him but……….
This may also be worth keeping an eye on, he is posting charts later…
http://xtrends.blogspot.com/2009/06/us-financial-markets-may-crash-by.html