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gdl

01/22/20 10:27 PM

#43153 RE: beachcomber1 #43151

Trade Idea? I gave many.

1 - The dollar can't be held back if we truly are seeing 3 of 3 and economic nirvana. Impossible to hold it back. I stated it should easily break 100 and soon.

2- In such an explosive "impulsive" wave happening during quarterly earnings this move can be extended or stopped cold based on real earnings and more importantly revised projections for next quarter. the reports are starting to come in and will be pretty much finished by end of month.
Look for the reports on SP500.

3 - Assuming the next 2 weeks keep the market at high levels look for a reason for a dramatic deep correction in mid-late February. I count on the impeachment exoneration and with it an immediate emboldened TRUMP making immediate chaos. Example: Causing Ukraine extreme pain thru reduction of support or even giving Putin the green light to make further incursions into their territory. THIS should be his primary obsession, making them pay for their disloyalty. Another example: Making concrete threats on EU AUTO tariffs.

4 - Bitcoin. Extremely volatile and risky. Currently at 8600. If it can break above 9700 it should spike much higher. My guess is it stalls right here and within 4 month drop below 6,000.

MY best advise favors Number 3, and is similar to last years top choice. Use external noise to determine the moves. TWEETS specifically. it will be more relevant not less going forward. Use the knowledge of the man's behavior pattern to anticipate his next chaotic move. HE WILL BE EMPOWERED as if he has become God. After acquittal he will take no advise, reason with no one, and believe he can do anything. And he will. he knows it.

In the past I gave TRADE WAR TWEETS my number one trading advise. NOW the range of topics explodes. What will he use to vindicate his new empowerment? Still in the Bull cycle till we are not. Fast drops and then climbing back. I assume drops occur for EXTERNAL NOISE this next few months.