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ELECTION - despite unreliable media reporting the election is not over with recounts and litigation and I still expect Trump to win per my post on 5 August.
We ignore fundamentals and look at the wave count which still shows possible B wave since March.
Election does not change the fact FAANG & tech stks are LT cyclical peaks after almost 12 years of rises and it would be dangerous to buy them. Everyone should review LT 30yr + charts.
The rally since March does not appear to look like an impulse wave given the size of rel waves.
The rally since March is clear corrective structure. Look at NDX we have corrective wave which is 1,618 bigger than the previous one which could be only b of a triangle. Neely is right triangle is running and this is the b wave.
ELECTION - despite unreliable media reporting the election is not over with recounts and litigation and I still expect Trump to win per my post on 5 August.
ReplyDeleteWe ignore fundamentals and look at the wave count which still shows possible B wave since March.
Election does not change the fact FAANG & tech stks are LT cyclical peaks after almost 12 years of rises and it would be dangerous to buy them. Everyone should review LT 30yr + charts.
The rally since March does not appear to look like an impulse wave given the size of rel waves.
The rally since March is clear corrective structure.
DeleteLook at NDX we have corrective wave which is 1,618 bigger than the previous one which could be only b of a triangle.
Neely is right triangle is running and this is the b wave.
And some fund manager experts see massive bubble that is in progress of deflating
ReplyDeletehttps://www.marketwatch.com/story/an-enormous-stock-market-bubble-has-already-popped-says-david-einhorn-11603828447?siteid=bigcharts&dist=bigcharts