patrick.net

darlag says

Our primary count this week continues to assume Intermediate degree wave (5) is in its last throes. How much more of the illusion of wealth the markets can heap on top of the exuberant herd of participants before they finally figure it out remains a mystery.

When are these authors gonna realize if they have been wrong a hundred times in a row, they should stop advertising how foolish they are.

Strategist says

When are these authors gonna realize if they have been wrong a hundred times in a row, they should stop advertising how foolish they are.

I'm starting to think this Elliot Wave analysis is useful as a contrary indicator. Always do the opposite of what Darlag says and you'll be pretty wealthy.

tatupu70 says

Strategist says

When are these authors gonna realize if they have been wrong a hundred times in a row, they should stop advertising how foolish they are.

I'm starting to think this Elliot Wave analysis is useful as a contrary indicator. Always do the opposite of what Darlag says and you'll be pretty wealthy.

Ha ha. Yeah. If it never works, just do the opposite and you end up always making money.

There has been a lot of convergence in the main players I am expecting to come unhinged to some degree. Looking at the S&P and DJI respectively, the S&P has High odds of retesting the last 5-6 weeks with about 6-10% taking the price down to the $1942 perhaps as low as $1880. There is a ceiling of resistance @ 2073-2083 and if S&P fails to close above that area w/o momentum it might be a good idea to hedge your positions. DXY has recoiled the last few days and has high odds of momentum taking it above the resistance above. DXY is sitting on years of support where price is currently and the S&P and DJI are in the uncharted. Precious metals and digital currencies will continue on their way down.

I’m short the USD concerning several currencies. As the convergence turns to divergence between the USD and the equities markets. I’m prepared to flip my USD shorts into longs adding USDMXN to the mixture on "price" confirmation. I am anticipating the JPY to continue to fall providing opportunities to add or take short JPY opportunities.

The flip in odds which I don’t feel are high is DXY testing 85 and S&P testing the 2120-2160 along with the DJI respectively.

Bubbabear says

We've reached peak QE, any fool can extrapulate from this equation that asset deflation is underway

That video would seem to overstate the world debt by pointing out derivative debt, which would seem to be offset by counter party investment?

Not that there is not a whole lot of debt without it.

Bubbabear says

catabolic phase

What does that mean?