Yes ... I doubt there is a bounce (that sticks) in the general markets this time ... I'm playing this, that it zig zags from here down in the US.
The key is to watch ST treasuries/bonds https://www.cnbc.com/bonds/ and the USD. Gold down under US1800. When market and gold down and shorter bonds/USD up the trend becomes very real and obvious and significant.
Probably the worst I've seen - chart set-up to the downside for a long long time. But I'm old enough to remember the dot-com crash ... that must have been worse! Certainly was worse than the GFC for tech stocks at the time.
Most big Cap stocks are near break down in the US and staring down towards their inflated SMA200's ... once they turn-over it's curtains.
The talking heads will take their queues from the pro-traders and talk the positives maybe for a day to get a small bounce (maybe) then - think about it - there is a tsunami of Covid on it's way after the Christmas festivities ... maybe by New Year.
Covid and lockdowns and supply chain delays and inflation and confirmed Fed tapering at least. Interest rate rises even worse.
It's quite predictable here if you think logically not hopeful emotionally. Risk-off!
General Comments / Chat, page-4618
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