Do you See what the Experts See !!!
Stock-market expert sees a ‘monstrous rally’ on tap next week, if 1 recent trend holds ???
Based on research from the Fundstrat team, the stock market will start to drive higher on Aug. 14, with the possibility of a 30% rally in store for equity markets over the course of the ensuing two weeks.
“Since 1920, every stock market decline >35% saw a symmetric price recovery. In other words, the faster the markets fall, the faster the markets recover, and the ratio is 2.5X. Given the speed of the 2020, this implied making new highs before the end of the Summer,” his team writes ???
I say That past price action is not necessarily indicative of future price action ! But i'm no expert !
This is whAT I do See no big rally for next week are the week after ???
****New NEWS !!!*** 2:00 pm 8/8/2020 If i heard this right the Dubocrats have left town without a relief or Stimulus Package and want be back for a long while !!!
My dow chart shows two golden egg's in time that just might be trendy, both with six Golden Candles with a bloop down possible daily gap fill $23800 arena is possible then back up to gap fill $28900???
This chart could indicate a double top ready for a pull-back ???
Stoch/Rsi chart with gold small ellipse indicates it at it highs and a sharp drop down could be very possble ???
This Dow chart i created could easily come to fruition especially with the New News about the Dumbocrats
leaving Washington without giving needy Americans some relief, just thier self serving political agenda's !! :-)
Based on research from the Fundstrat team, the stock market will start to drive higher on Aug. 14, with the possibility of a 30% rally in store for equity markets over the course of the ensuing two weeks.
“Since 1920, every stock market decline >35% saw a symmetric price recovery. In other words, the faster the markets fall, the faster the markets recover, and the ratio is 2.5X. Given the speed of the 2020, this implied making new highs before the end of the Summer,” his team writes ???
I say That past price action is not necessarily indicative of future price action ! But i'm no expert !
This is whAT I do See no big rally for next week are the week after ???
****New NEWS !!!*** 2:00 pm 8/8/2020 If i heard this right the Dubocrats have left town without a relief or Stimulus Package and want be back for a long while !!!
My dow chart shows two golden egg's in time that just might be trendy, both with six Golden Candles with a bloop down possible daily gap fill $23800 arena is possible then back up to gap fill $28900???
This chart could indicate a double top ready for a pull-back ???
Stoch/Rsi chart with gold small ellipse indicates it at it highs and a sharp drop down could be very possble ???
This Dow chart i created could easily come to fruition especially with the New News about the Dumbocrats
leaving Washington without giving needy Americans some relief, just thier self serving political agenda's !! :-)
Comment:
Correction of error in above comment that's DUMBOCRATES Sorry for the typo >
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So for the experts were right there was a rally today. Experts 1 Megalo 0
The Dow when on to rally $359 to my surprise! :-) The technical indicator of a double top did not hold, but the arrows i show could still come into play , How ?
First it could top fill the gap at $28999 than reverse back down towards the lower gap $23800 this all sounds extreme but in reality it's a little over less than 5% round trip witch is not extreme by any means. If we don't have a retrace it could make all new historical highs starting Friday into next week just like the experts predicted ! Time will tell !
The Dow when on to rally $359 to my surprise! :-) The technical indicator of a double top did not hold, but the arrows i show could still come into play , How ?
First it could top fill the gap at $28999 than reverse back down towards the lower gap $23800 this all sounds extreme but in reality it's a little over less than 5% round trip witch is not extreme by any means. If we don't have a retrace it could make all new historical highs starting Friday into next week just like the experts predicted ! Time will tell !
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It appears the experts are right about the dow swinging up this week it Ttoldled me ! :-) Dows swinging up for another $350 gain so far today, who would of thunk it ???
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It appears the Experts got it wrong today after-all the dow pares it's $350 gain to a $103 loss . So the (Score Card is Experts 1 Megalo 1) So with that loss where right back to a double top scenario . :-) To tell the truth i was only focused on the Prime Metals today for the most part having huge over-leveraged short positions in Metals is conducive to enriching my portfolio ! :-)
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Yes expert's were right today dow finished uo $289 today ! Score card Experts 2
Megalo 1
Megalo 1
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The experts are not quite correct no monster rally has appeared this week yet, tomorrow is What the Wall Street old school traders is what they called take back Friday which infers the Market has a tendency to take back profits that might of been gained during the week ?/! But in all fairness they the Experts more or less put the emphasis on Friday to start drive higher on Aug. 14, 2020 we will watch it on the morrow. They the experts also believe with the possibility of a 30% rally in store for equity markets over the course of the ensuing two weeks.
but what all that said the Score card for this week stands Experts (2) Megalo (2) is a dead heat tie .
but what all that said the Score card for this week stands Experts (2) Megalo (2) is a dead heat tie .
Comment:
The Experts were incorrect to say the least, the dow was up $35 dollars which is a far cry from Aug 8 Stock-market expert sees a ‘monstrous rally’ on tap next week that was touted on Saturday . Then they said (Based on research from the Fundstrat team, the stock market will start to drive higher on Aug. 14 which was toady $35 up, with the possibility of a 30% rally in store for equity markets over the course of the ensuing two weeks.) We will watch the weeks of the 17th & 24th just in case ! :-)
The was up a total of $140 with $35 of that today .
The was up a total of $140 with $35 of that today .
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Yes the scorecard was Megalo 2 Experts 2 but since they were wrong about the week as a whole i give then -1 today + 2-1 = 1 so the weeks score card Megalo 2 Experts 1 i'am no experts but we will see what the following two weeks bring since they the Experts did make reference too a Monster rally in the two ensuing weeks witch are the weeks of the 17th & 24th . :-) As always Good & Fruitful trading Megalo >
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The dow finished down -66.84 today ! Experts = Zero
Megalo = +3 No monstrous Rally today either.
Megalo = +3 No monstrous Rally today either.
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The dow was finished down -85.19 today! Experts = 1
No monstrous Rally again today either. Megalo = +4 8/19/2020
No monstrous Rally again today either. Megalo = +4 8/19/2020
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Experts = -1 terrible ! :-)
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Dow finished up $47.16 no monster rally ..
New score card Experts = 0 - -1 = -1
Megalo = 0 - +3 = +3 ( i'am lending by +4 over experts ) for a two week period!
New score card Experts = 0 - -1 = -1
Megalo = 0 - +3 = +3 ( i'am lending by +4 over experts ) for a two week period!
Comment:
Dow did have a nice little rally so the score card stands Experts = 1 + -1 = 0
Megalo = -1 + 3 = 2
Grand total for two weeks one more week .
Megalo = -1 + 3 = 2
Grand total for two weeks one more week .
Comment:
Yes the dow had marvelous day finished up $378 $28,308
the score card stands Experts = 1+0 = 1
Megalo = -1 + 2 = 1 dead heat tie !
The dow had very nice day far from monstrous it must go hire now or go lower to gap fill time will tell. The experts have four more days for the montrous rally to begin or they will lose the race.
the score card stands Experts = 1+0 = 1
Megalo = -1 + 2 = 1 dead heat tie !
The dow had very nice day far from monstrous it must go hire now or go lower to gap fill time will tell. The experts have four more days for the montrous rally to begin or they will lose the race.
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There is no monstrous Rally so far Tuesday in the Dow it my get a little help from the little fed this week ? ScoreCard Experts = 1 + -1 = 0
Megalo = 1 + 1 = 2
Megalo = 1 + 1 = 2
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Yes the Expert's where right yesterday Dow was up $83.5 & S&P and the Nasdaq
New ScoreCard Experts = 1 + 0 = 1
Megalo = 2 + -1 = 1 dead heat once again, yes tomorrow ends this three week prognostication race of the dow's futures.
One special note: little fed had a be Schedule change up little boy blue comes on @ 9:00 am instead of the usual 2:00 pm which means this distraction will effect the Markets for 8hr. instead of the last two trading hrs. ? this is not a good sign >:-(
New ScoreCard Experts = 1 + 0 = 1
Megalo = 2 + -1 = 1 dead heat once again, yes tomorrow ends this three week prognostication race of the dow's futures.
One special note: little fed had a be Schedule change up little boy blue comes on @ 9:00 am instead of the usual 2:00 pm which means this distraction will effect the Markets for 8hr. instead of the last two trading hrs. ? this is not a good sign >:-(
Yes Nasty Nancy the leader of the house Dubocrates ready for their on thing of pork bellies full of self service agenda's for themselves and lobbyist and Friends alike ! Not to facilitate help for the American people that are in distress from fallout of the virus zone.
****Why would they break for recess to begin with*** when the majority of the US is in dire straits ??? :-( Shame on you Dubocrates !!