AI
Sunday, August 30, 2015 10:56:05 AM
good post
You put time and effort and post charts to explain what you are
saying. I wish more would do that. As BT would say got to prove
it with a chart. In the past a 1% interest rate hike equated to a
10% correction. So a 1/4 rate increase would be 2%.
The question is this the monthly fake out wave 4. Again when the
monthly rally tests either monthly MA20 EMA20 or BB CL (any of the 3 is fine) and fails or uses it as support then we will know.
Its going to take months to find out.
Wyckoff said markets have one final up move so the institutions can dump their shares and they can not dump all shares at once they have too many shares.
So far weekly chart looks like last oct. If i am correct we have nice steady up week.
You put time and effort and post charts to explain what you are
saying. I wish more would do that. As BT would say got to prove
it with a chart. In the past a 1% interest rate hike equated to a
10% correction. So a 1/4 rate increase would be 2%.
The question is this the monthly fake out wave 4. Again when the
monthly rally tests either monthly MA20 EMA20 or BB CL (any of the 3 is fine) and fails or uses it as support then we will know.
Its going to take months to find out.
Wyckoff said markets have one final up move so the institutions can dump their shares and they can not dump all shares at once they have too many shares.
So far weekly chart looks like last oct. If i am correct we have nice steady up week.
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