Replies to post #9319 on The New CS Board

[rotor1]

Looks pretty dire

No shortage of technical damage although some of the juniors I watch aren't as badly hit as I've seen on lesser physical downers. fwiw the guy that does cycle stuff is looking for a major low in physical either the end of this week or early next. His window is some 72 hours +/- so not an exact science. A close above the psycho 1300 level would be better than where we are now.

[jumanji0881]

I think these TAs just look at the charts and don't try to understand the fundamentals. If the global economy turns down sharply, what will the CBs do ? If there is another financial crisis, what will the CBs do ? And just how prepared are the CBs to act given that they are already all in ? If bonds tank in response to the CBs actions, then where is the safe haven. If deficits soar, due to the economic slowdown, then what happens to bonds and gold ? The global economy is very tenuous with Japan and Europe the weak links that can take down the global economy. What happens when something really big breaks like derivatives explosions or rising rates in Japan ? I think something will break and I don't think it will take very long for it to happen.