I told them, if they wait till later this year, I would be broke, they replied by realesing the NEWS early which is a clearer indicication of what to expect later; that would be to cut back earlier than expected, with GOLD down today and continuing, they will have less Gold Back paper to print, like the other global currencies.
I think, overall, the FED is our frined, if we take time to understand them more is all.
1597 would be a nice temporary top in this market where we can all go long again and prove there theory that buying all those securities and FED pumping worked... Who wants to be proven wrong?
I understand the model of Techs and appreciate him bringing it to my attention' but it is missing a couple pieces and I see where the selling starts today given that 1597 is the high.
his model suggests week 15 now and it is more like week 14 looking a solar calendar. a solar calendar will give us exact dates.
Yes, we are in a 144 square which few people understand and even the OLD timers will be shocked what come ahead!
best
