also i been vectorvest subscriber for years since they started i
dont do much with it but when their MTI indicator gets over 1.50
than we look for a rollover in the mkt. its at 1.53 here .
also we hav the fed doing qe again though they say they are not
another reason we creep up daily but all things do come to an end
..at least for a pullback
RP - Wave 3 melt ups are very common in history. Then wave
4 (abc) get people guessing (is the run over, I should get out).
Good example is Silver/Gold. Melt up in August.
Then peaked and had blow off and slid down hard. Now
has consolidated for past couple of months. Today might be
seeing a break of that long (wave 4) consolidation. Going on
stats high probability of seeing a wave 4 type pullback over the
next couple of weeks. Once weak hands are shaken out, the
next run up will happen. Def fed money is lifting all boats
(the collateral damage will be inflation in food/gas). We are
starting to see commodity prices lift off and break out of years
downtrend. We just want to be on the right side of each wave
up/down.
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also i been vectorvest subscriber
Posted by RP on 23rd of Dec 2019 at 12:53 pm
also i been vectorvest subscriber for years since they started i dont do much with it but when their MTI indicator gets over 1.50 than we look for a rollover in the mkt. its at 1.53 here . also we hav the fed doing qe again though they say they are not another reason we creep up daily but all things do come to an end ..at least for a pullback
RP - Wave 3 melt
Posted by ssaffer on 23rd of Dec 2019 at 03:54 pm
RP - Wave 3 melt ups are very common in history. Then wave 4 (abc) get people guessing (is the run over, I should get out). Good example is Silver/Gold. Melt up in August. Then peaked and had blow off and slid down hard. Now has consolidated for past couple of months. Today might be seeing a break of that long (wave 4) consolidation. Going on stats high probability of seeing a wave 4 type pullback over the next couple of weeks. Once weak hands are shaken out, the next run up will happen. Def fed money is lifting all boats (the collateral damage will be inflation in food/gas). We are starting to see commodity prices lift off and break out of years downtrend. We just want to be on the right side of each wave up/down.