The Brains Trust, page-10659

First 10659 Last

Share
Profile

Follow
CaptainGrumpy

4,596 Posts.

177

20/04/18

09:55

Post #: 32578162
Share

Originally posted by paddington bear ↑

At this stage I would have to say that if it breaks down it is the end of the line.

However, if I take a step back and try and see how such action could ultimately still keep the market in trend, then perhaps if it just retraced back to the where the upslanting wedge was started and then did a bit of work, then perhaps the game could still be on. Also. if rates go higher, money might run out of bonds back into stocks. This had been happening but recently someone seems to have changed the game rules and the money seems to be disappearing.

But a couple of problems - starting with gold, if it continues higher then I think it is probably suggesting that we have some serious problems that would not be beneficial to the stock market. I have one little gold chart that takes my breath away it is so exciting. But I am being very patient and letting it play out slowly.

The second problem I have is if the S&P does break down out of this upslanting wedge, then it is probably going to break the major uptrend. That I would not be able to forgive.

Expand

thanks PB, much appreciated. Lots to keep an eye on. If silver runs up that will be the first sign for me that inflation is coming in a big way. As i mused below, i think that rates will find an enforced ceiling not much higher than here, so that would leave CB's in quite a sticky situation.

https://hotcopper.com.au/posts/31974433/single

Last edited by CaptainGrumpy: 20/04/18

XSO Value at posting: 2,711.2
2 Upvote

0 Great analysis

Reply

Top Stories

From the Floor with Federal Opposition Leader Peter Dutton at Diggers & Dealers 2024

Largest drill campaign to begin: Saturn Metals at Diggers & Dealers

Revolutionary inverter technology leads the clean energy charge

From the Floor with Kim Beazley at Diggers and Dealers 2024

Astute sniffs 1,260 ppm lithium and thick mineralisation in Nevada