History doesn't repeat but it does rhyme. Currently there is an awful lot that looks very similar to the debt ceiling crisis of 2011. The price patterns should not be ignored. Much like 2011 we are also hearing growing concerns out of Italy and Greece. Proceed with caution as this week will surely be an interesting one.
Komentar
Mikke2130.
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i HERE A LOT OF INVESTOR AND TRADERS SAY THIS IS A MINOR SELL-OFF AND I WANT TO TELL ALL OF YOU THERE WRONG. THE MAJOR SELL OFF HAS ALREADY BEGUN. THE S&P 500 HAS ALREADY FORMED A PERFECT MONTHLY WOLFE WAVE PATTERN WHICH IS IN STAGE 5 EXTREME, WHILE MOMENTUM HAS ALREADY TURN DOWNWARD. THE MARKET WILL NOT ADVANCE SIGNIFICANTLY ANY FURTHER. THE DECLINE WILL DROP TO THE 700 TO 600 AREA. SO ANY ONE HOLDING STOCKS OR INDEXES FOR THE LONG HAUL ARE GOING TO LOOSE GREATLY. CHECK OUT THE WOLFE WAVE PATTERN.
QuantitativeExhaustion
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Starting to get interesting in D.C. we might get that 2011 redux after all. Running out of time
HughGRection
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Agree on the first part. I doubt T-Bonds will go up if we actually default on our debt. Although it'd be a paradigm shift, it would make a lot more sense to have a general flight from USD to safer havens.
HughGRection
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Agree on the first part. I doubt T-Bonds are going up if we default on our debt though. It would make a lot more sense to have a general flight from USD to safer havens.
blackalphamale
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Looks like we have 2 weeks
FinanceHulligan
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FED could not print money forever... would put the value of usd to zero (0)
QuantitativeExhaustion
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Nah.. That would make our goods to cheap and would cause rest of the world to inflate there way out of living wages.
G13Man
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History doesn't repeat but it does rhyme from Mark Twain