29000 COULD BE THE MOST IMPORTANT NUMBER IN THE WORLD!
Get ready! There are only two directions for price; UP or DOWN. In this screencast I show why the zone around 29000 could be the most important. See the broadening wedge. Price could go either way.
If you believe that the FED and Mr Trump is gonna save the world, go long at 29000. If you believe a crash is coming take a short. If you believe 29 is a prime number of importance - act on it. :)
Friday is not a good day for a crash. So if one has to happen it's better on a Monday. Hmmmm.. crash? What am I talking about!? Some may have heard about that a plane was brought down allegedly by Iranian missiles. This is in the news. American forces tracked a missile from Iran exploding near the location of the plane. An explosion was seen by the military. Remnants of a missile identified as Russian Tor M1 photographed near the crash site. Mysteriously, the supposed missile disappeared and then we're told it was never there. Obviously - it was photoshopped in - innit! I believe anything I'm told - right?
Boeing shares rose on news that it was probably a missile that brought down the plane. Nothing surprising there.
Anyways, Friday is not a good day for confirming that it was a missile (and I'm not saying it was). Monday - watch out.
Disclaimers & Declarations: I've reported only information that is well in the public domain. I do not have any information other than reported facts. I have no way of knowing what reported facts in the media are the whole truth. I have made no political statements. References to Iran are part of what is in the public domain. I express no opinions other than what these matters mean for the markets. As usual this is not a recommendation to trade securities. If you lose our money, kindly sue yourself.
If you believe that the FED and Mr Trump is gonna save the world, go long at 29000. If you believe a crash is coming take a short. If you believe 29 is a prime number of importance - act on it. :)
Friday is not a good day for a crash. So if one has to happen it's better on a Monday. Hmmmm.. crash? What am I talking about!? Some may have heard about that a plane was brought down allegedly by Iranian missiles. This is in the news. American forces tracked a missile from Iran exploding near the location of the plane. An explosion was seen by the military. Remnants of a missile identified as Russian Tor M1 photographed near the crash site. Mysteriously, the supposed missile disappeared and then we're told it was never there. Obviously - it was photoshopped in - innit! I believe anything I'm told - right?
Boeing shares rose on news that it was probably a missile that brought down the plane. Nothing surprising there.
Anyways, Friday is not a good day for confirming that it was a missile (and I'm not saying it was). Monday - watch out.
Disclaimers & Declarations: I've reported only information that is well in the public domain. I do not have any information other than reported facts. I have no way of knowing what reported facts in the media are the whole truth. I have made no political statements. References to Iran are part of what is in the public domain. I express no opinions other than what these matters mean for the markets. As usual this is not a recommendation to trade securities. If you lose our money, kindly sue yourself.
Comment:
Watch out! Rejection of 29000 - 29060 level is not yet reliable. Most of the trading is due to the algos. I can see this in 2 to 5 min time frames. The reversals at that low level are sudden and without much hesitation.
Comment:
FED balance sheet 42% of GDP @ 2020-01-26. Does money have value anymore? [Different perspective on the virus youtu.be/NjTdvALChwk ]
