Those fancy charts again. I've never been able to make them work for me. One of the kids uses them along side our systems. I'm so far behind the times,,,,,,,,,,,,,,,,,,,,, but if it ain't broke I ain't gonna' fix it.
I think you see a pattern similar to what one of the kids said, drop into the 4th instead of the traditional holiday pop, then pop into the the CPI or PPI maybe the start of earnings then drop. Very possible. Lots of noise in the charts around the 8-12th.
filling the gap at 4K makes lots of sense, the sooner the better.
If the above plays out then I'd expect a drop into or shortly before the Fed.. This gappy trappy market should continue for some time.
This pattern suggests oil should run for a month or so. Then get real crappy for a few months with a blow off into early next year, then down into late next summer. How's that for sticking my neck out? This time period next year might have a lot of influence on many markets. I have some crazy ideas floating around about this time frame and if I shared them you'd be calling the men in white coats..
There are so damn many long term cycles coming into play it's a tease as to which one is hitting the strongest. All said down into mid year, then?? Possible we've seen an I/T lo. Next month or so should give more info.
Thanks for the history lesson. Didn't realize Flemings back ground. But to be honest I don't get too involved researching their past, yet it was interesting. Tragic.
The Blues Brothers Rawhide skit. First time I saw this scene I almost split a gut. The wife thought I was going to have a heart attack. I was laughing so hard, coughing and choking. Still get a kick out of it.
Always got a kick out Dirty Harry's "Ya feel lucky punk" lines. ... classic.
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