Tuesday Outlook: Commodities, Global Markets [View article]
I just want to comment that there is so much noise as information available today that it's tough to sort out trash from truth. Honestly? I'm totally confused as to what's really happening!
You know... that picture of the little girl puts everything into perspective!! Doesn't she just seem to be thinking..." I wonder what the fed will do tomorrow?"
ITB looks oversold short-term just like everything else. Peak of 22.50 to 15.50. Basic guideline is to chart out potential retracement of decline. Start with .33 then .50 then .67. That way you can figure reasonable profit for your system while minimizing loss if the market moves against you. $7.00 x .33 = 2.31 + 15.50 = 17.81. Divided by 15.50 = 14.9% gain. Don't forget trading fees.
I'm far from an expert here but I've watched a couple of other market turns. And this time I really do think its different! We are not in just a normal correction or business cycle. It is my opinion we are in the process of a global major trend change which will last for some time. Maybe a decade or so. There's a lot of house cleaning necessary worldwide. Did anyone see the pictures of the collapsed buildings after the earthquake in China? I wonder how many buildings were built the same way just to get them up quickly and cheaply?
Looks like maybe oil has finally reached its zenith. If this observation is correct and that a decline is imminent, how low will it fall and how long will it take? A .382 retracement should have oil land somewhere around $78.50. A more normal decline of .50 will rdeuce it to $63.50. And of course, the ultimate in investor FEAR will zoom it down to $40.50!! What say ye analysts??
Tuesday Outlook: Commodities, Global Markets [View article]
Honestly?
I'm totally confused as to what's really happening!
Tuesday Outlook: Commodities, Emerging Markets [View article]
Doesn't she just seem to be thinking..." I wonder what the fed will do tomorrow?"
Thursday Outlook: Commodities, Emerging Markets [View article]
$7.00 x .33 = 2.31 + 15.50 = 17.81. Divided by 15.50 = 14.9% gain.
Don't forget trading fees.
Thursday Outlook: Commodities, Emerging Markets [View article]
We are not in just a normal correction or business cycle. It is my opinion we are in the process of a global major trend change which will last for some time. Maybe a decade or so. There's a lot of house cleaning necessary worldwide.
Did anyone see the pictures of the collapsed buildings after the earthquake in China? I wonder how many buildings were built the same way just to get them up quickly and cheaply?
Wednesday Outlook: Commodities, Emerging Markets [View article]
A .382 retracement should have oil land somewhere around $78.50. A more normal decline of .50 will rdeuce it to $63.50. And of course, the ultimate in investor FEAR will zoom it down to $40.50!!
What say ye analysts??
Tuesday Outlook: Commodities, Emerging Markets [View article]