My first net just landed a small catch at the 62% level this morn. Have a second net at the main break. Then i look for core additions if that dont hold.
Meanwhile our Neros fiddle as Rome begins to burn ....... really pathetic disregard of what makes a market tick. Checked INL's price/chart lately?
CMR is sooooo cheap but market may make it cheaper. U know i always look at the glass being half FULL tho. Pity is the resource upgrades will now only influence from a lower base than a higher and be dissipated amongst the macro background flames.
Next major pivots for the DJIA are 9800 (the triple bottom line broken on its way from A-4 highs toward Oct 12 2001 "A" / A-5 primary lows) ... 7930-8150 (Sep 23 2001 A-3 low). Looks like the death of a thousand cuts alright BUT thats where ARK theory is supposed to come into play.
U REALLY gotta trim yr portfolios to sector specific ship-shape if u aint one so already ....... IMBOOC
Doesnt look like they are quite capable (yet) of reversing the USDX from its primary downtrend and EUR about to increase rates aint gonna help. Similar to what Churchil did in 1929 with UK rates at a time when the yanks were screaming for some relief ........ as Chancellor of the exchequer, old Winston was probably directly responsible for the Great Crash and ensuing western Great depression triggered by that SINGLE bad move but all we remember him for was WW2 hero haha. Get yrselves a copy of "1929" paperback to see what can happen suddenly.
This time tho we have rampant monetary inflation coincident so its so much harder to control ........again ARK theory but we gotta start EARNINGS FLOW first.
IMBOOC
PS They might still bounce it from here ..... dont underestimate Uncle Sam's boys haha .......holding my breath (choke choke)
CMR Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held