Posted by sonofrebel on 8th of Jul 2019 at 09:19 am
2nd Half Outlook
Thanks for newsletters this weekend.
On the subject of the second half of the year, Ciovacco did
an interesting video this weekend where he discussed that in depth
(on YouTube).
He noted the same data Matt did that the second half is
typically weak after the strong first half we had, but then goes
into depth on each of the prior occassions and sugests the
precedents may not be applicable at the presnt time. The
basic reason he suggests that is that we have only just broken out
of a very long conslidation period in the present situation whereas
the prior occasions the market was quite extended from any base or
support level and so was "tired" and due for a pullback.
Cannot do justice to his video so check it out if it sounds
interesting - long video so you may have to hunt around to find
that section.
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2nd Half Outlook Thanks for newsletters
Posted by sonofrebel on 8th of Jul 2019 at 09:19 am
2nd Half Outlook
Thanks for newsletters this weekend.
On the subject of the second half of the year, Ciovacco did an interesting video this weekend where he discussed that in depth (on YouTube).
He noted the same data Matt did that the second half is typically weak after the strong first half we had, but then goes into depth on each of the prior occassions and sugests the precedents may not be applicable at the presnt time. The basic reason he suggests that is that we have only just broken out of a very long conslidation period in the present situation whereas the prior occasions the market was quite extended from any base or support level and so was "tired" and due for a pullback. Cannot do justice to his video so check it out if it sounds interesting - long video so you may have to hunt around to find that section.