Posted by DigiNomad on 24th of Jul 2024 at 10:09 am
I think a lot of market participants did a deep dive on the
Veeps potential policies since she was installed as the candidate
and is having a bit of an oh sh*t moment. The Uniparty Wall
St Journal also ran a piece on her today.
IDK man, the charts were already setup for a correction early
last week with that 5 wave wedge/MACD divergence we were showing on
30 min view etc. I find that most of the time the charts setup and
play out and the news that comes out simply confirm the charts -
market was due for some sort of at least 4th wave correction, or
something more ominus which we still don't favor yet
anyway guys we all have strong political views (and given this
is a financial trading website I'd say most lean a bit right here)
that said not everyone does and when we get too many political
comments I get email complains from some subscribers who don't want
to see it, I've even had people cancel because of it, which I think
is dumb but still I'd rather not have the blog get too much into
left vs right.
Posted by DigiNomad on 24th of Jul 2024 at 10:26 am
I mostly agree. Have been waiting and expecting more a two sided
market for something like 8 months now but wave 3's get revised to
wave 1 and wave 5's get revised to 3's and we just march higher and
higher. I think the difference between the market taking a bullish
scenario over a bearish scenario (because we always have both in
mind with our counts) comes down to data and news. In this
particular period (prez election cycles), news related to the next
president is often market moving. I hate it - had hoped to be out
of the country by now specifically to avoid it...but that hasn't
worked out. Maybe by October. *Also, don't quit because of me....my
subscription is expiring very soon ;)
I think a lot of
Posted by DigiNomad on 24th of Jul 2024 at 10:09 am
I think a lot of market participants did a deep dive on the Veeps potential policies since she was installed as the candidate and is having a bit of an oh sh*t moment. The Uniparty Wall St Journal also ran a piece on her today.
you're Gal! IDK man, the charts
Posted by matt on 24th of Jul 2024 at 10:15 am
you're Gal!
IDK man, the charts were already setup for a correction early last week with that 5 wave wedge/MACD divergence we were showing on 30 min view etc. I find that most of the time the charts setup and play out and the news that comes out simply confirm the charts - market was due for some sort of at least 4th wave correction, or something more ominus which we still don't favor yet
anyway guys we all have strong political views (and given this is a financial trading website I'd say most lean a bit right here) that said not everyone does and when we get too many political comments I get email complains from some subscribers who don't want to see it, I've even had people cancel because of it, which I think is dumb but still I'd rather not have the blog get too much into left vs right.
I mostly agree. Have been
Posted by DigiNomad on 24th of Jul 2024 at 10:26 am
I mostly agree. Have been waiting and expecting more a two sided market for something like 8 months now but wave 3's get revised to wave 1 and wave 5's get revised to 3's and we just march higher and higher. I think the difference between the market taking a bullish scenario over a bearish scenario (because we always have both in mind with our counts) comes down to data and news. In this particular period (prez election cycles), news related to the next president is often market moving. I hate it - had hoped to be out of the country by now specifically to avoid it...but that hasn't worked out. Maybe by October. *Also, don't quit because of me....my subscription is expiring very soon ;)
Well I hope you stick
Posted by jerkelly on 24th of Jul 2024 at 10:29 am
Well I hope you stick around. I enjoy your insights
Thank you, Matt. There are
Posted by brophy on 24th of Jul 2024 at 10:26 am
Thank you, Matt. There are plenty of other places to discuss politics. Please, fellas.