TILT2: see what I mean. You are down 10 handles.
Market Outlook
- Thread starter GrandSupercycle
- Start date
TILT2: see what I mean. You are down 10 handles.
Have to agree 100% with you on this. Futures are down across the board Sunday then monday opening they pump the tape higher despite there being 100 reasons for the market to sell off. Not that this is surprising at all, just shows how completely broken things really are.
Yes and it will make the next crash worse than 2008.
And just like so many times before - sellers arrive yet again, resulting in more vacillating and chop.
As mentioned many times, USD weekly chart continues to give bullish signals and this will not change.
As mentioned many times, USD weekly chart continues to give bullish signals and this will not change.
And now an other 8 handles.
Listening to this bozo, you lost 18 handles and the market is down 5 handles. AND HE IS BEARISH!
And he doesn't respond to why he's constantly losing money on his calls. He just keeps on going and refuses to respond to any critisism valid or not.
Horse is dead and beaten. Anyway... new subject.
Despite grand's daily outlook, what do you think of his prediction of big crash which would be worse than 2008? I looked at the chart and it looks like Dow has built a Head-Shoulders pattern for the past months, which looks like that a great collapse could come since the price has already finished touching the neckline last month, now there only leaves the crash to go.
My view on his long term bearish call:
He hasn't explained why he is bearish long term. For all I know he's flipping a coin. You might have good analysis (though I believe techncial analysis has a memory and years is too long); but he's not sharing his reasoning which diminishes the value of his call.
Secondly, his call is very vague: a sell off in sometime. He will may be proven right, but it could be in 80 years or it could be tomorrow. It's an academic discussion because if it is in 80 years his long term short will probably go bankrupt and he isn't saying it will happen within some reasonable timeframe).
Thirdly, his long term call's value is diminished when he is simulatenously long and short based on timeframe. This means that if it sells off in the short term, his long term call is right; if it rallies in the short term then his short term call is right. This means he hasn't taken a stance.
My conclusion is that he's a charliton who is trying to be right by tautology. However, he's not very good at it.
