Now we have a Hindenburg omen. If I understand it right, the first signal gives 27% chance for a crash. But the more signals we get the higher chance for a crash.
hi christian, love the videos. you are spot on again. just a quick question, do you believe in the so called PPT? if so, dont you think they will prevent any kind of crash like they (if they exist) did for the flash crash?
Today was a nice surprise for my bear positions. No white candle bounce as I was pessimistically thinking. There was a nice harami on the IWM chart. So markets next week should be pregnant with more selling.
so I bought up some DPK (Daily Developed Markets Bear 3x Shares) in the last 2mins of trading today, thinking these major foreign markets are due for a major sell-off early next week (especially cuz the DOW didn't "rah-rah" itself to a positive sentimental territory finish)...I'm not a master chart reader by any stretch of the imagination...it was sort of a gut purchase.....we'll see next week..ANY THOUGHTS anybody???
@maskedavenger777 I spoke too soon. Another short range Monday bounce up. The S and P is testing 1080 support. IWM is up a good 1/2 of 1 percent, and the QQQQ is up nicely too. This week is options expiration week, and I expect "da boyz" will be playing around a bit with the indices. They might try to run it up to 1100 on the S and P, but I expect come Friday the markets will continue sliding.
Cheese and crackers, Chris... Have you seen the Asian markets this Sunday evening. It's bloodier that a November hog slaughter. I don't think we'll see even a technical relief rally this week. I'm glad I'm short it all- TWM, etc.
Thanks boss. Like the weekly assessment a lot and how it fits with the daily chart.
Great videos simple straight forward explanations
Keep them coming !
Excellent! Great explanations as usual.
Now we have a Hindenburg omen. If I understand it right, the first signal gives 27% chance for a crash. But the more signals we get the higher chance for a crash.
@TheEarthGerm hmm, interesting...
hi christian, love the videos. you are spot on again. just a quick question, do you believe in the so called PPT? if so, dont you think they will prevent any kind of crash like they (if they exist) did for the flash crash?
Chrstian, what are your views on deflation?
@colty77 Fully agree, plan on covering that in tonight's market analysis.
Today was a nice surprise for my bear positions. No white candle bounce as I was pessimistically thinking. There was a nice harami on the IWM chart. So markets next week should be pregnant with more selling.
@SGDeGalvez They are real, but they did not prevent the flash crash, nor the crash of 2008, nor the crash to come.
so I bought up some DPK (Daily Developed Markets Bear 3x Shares) in the last 2mins of trading today, thinking these major foreign markets are due for a major sell-off early next week (especially cuz the DOW didn't "rah-rah" itself to a positive sentimental territory finish)...I'm not a master chart reader by any stretch of the imagination...it was sort of a gut purchase.....we'll see next week..ANY THOUGHTS anybody???
@maskedavenger777 I spoke too soon. Another short range Monday bounce up. The S and P is testing 1080 support. IWM is up a good 1/2 of 1 percent, and the QQQQ is up nicely too. This week is options expiration week, and I expect "da boyz" will be playing around a bit with the indices. They might try to run it up to 1100 on the S and P, but I expect come Friday the markets will continue sliding.
Cheese and crackers, Chris... Have you seen the Asian markets this Sunday evening. It's bloodier that a November hog slaughter. I don't think we'll see even a technical relief rally this week. I'm glad I'm short it all- TWM, etc.
i think u are right on the ftse it is being a total joke at the moment