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Friday, June 05, 2020 7:11:00 PM
Anyone? Bueller?
I haven't done any big analysis or anything and I haven't really been keeping up enough to have a strong opinion either way, butt fuck this seems EERIE to me.
Just skipping through the major indices it looks like the markets are going to be Very, Very technically challenged starting next week.
Also, I do not trust the Nasdaq one bit. Is it really 13 points - yes Willis thirteen fucking points and a black cat's whisker - away from new all-time highs??? It made a new intra-day high but, no cigar for the new all-time high at the close???
Yeah, right. Is this market on crack? Maybe I am too pessimistic and skeptical? (I'm not cynical at all, I think the next 50 years looks gorgeous in most every way nationally and internationally).
I've been a gold bug forever (not a nutcase one, just a fan) but I suspect it too will get rejected and not make a new high anytime soon.
Thing is, 90% of the time I find I am 180 degrees from accurate when it comes to TA.
However, to me, the next 12 months look like they could be pretty chaotic.
Is the market overlooking COVID, or correctly gauging the likelyhood and impact of a second wave this summer/fall?
Who will be president 12 months from now and also will it be contested or disrupted or who knows what. I not mean to get political, just gauging possible uncertainties.
OTOH, markets climb a wall of worry?
And other cliches? lol
So, I'm a frowning, bespectacled skeptic.
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