InvestorsHub Logo
Followers 18
Posts 5795
Boards Moderated 1
Alias Born 06/30/2016

Re: Swampdude post# 979

Saturday, 11/19/2016 9:01:18 AM

Saturday, November 19, 2016 9:01:18 AM

Post# of 1057
the market is overly extended into overbought territory currently

i would expect a pullback to maybe at least SPY 214/215 then one more thrust up
to complete the pattern, the $SPX should top out around 2250 to finish a
rising bearish wedge, the final nail in the coffin for a 5 year bear market.

This rally is an orchestrated push by the Central Banks as a last ditch
effort to dump to the dummies letting them hold these prices while the
market heads on down and down for years to come.

BTW, i lost my drawing capabilities so until i get a new PC, i have to borrow some charts.

good luck