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tennisTorr

996 Posts.

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20/07/21

15:16

Post #: 54633684
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Originally posted by Skol: ↑

Not a very convincing one, this is what a double top looks like. Short term double tops are notoriously unreliable, and I can tell you with a great deal of certainty that the DJIA will not implode to 20,000 as you imply. Nothing goes up in a straight line. The DJIA like most indices has had an amazing run, so it's entirely normal for there to be profit-taking occasionally.

The US economy's on a roll, and it's going to get a lot better once the virus abates.

And gold is very likely headed lower.

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Short term? They are 2 months apart. Yes it could be 2 years apart. But i would not consider this short term. Just sit and watch over the next few months and see who's right.
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0 Great analysis

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