DJIA - SHORT; On its way to test the pandemic lows?!
Likely!
As it happens, the Dow's trajectory is in perfect agreement with the Gold / Copper Ratio's price level projection!
Pure coincidence??... Not likely.
Here is that "famed" ratio (... and Yes, it still does work!);
www.tradingview.com/...the-top-of-equities/
As it happens, the Dow's trajectory is in perfect agreement with the Gold / Copper Ratio's price level projection!
Pure coincidence??... Not likely.
Here is that "famed" ratio (... and Yes, it still does work!);
www.tradingview.com/...the-top-of-equities/
Comment:
A "commodity currency" dump is just getting under way! E.g. you may want to seriously consider this *** was *** the top in the indexes.
"Money management" nowadays is mighty reminiscent of the good ol' days of the Dot.com Bubble where all one company owned is 30% of an other company, yet, the later had a higher market cap than the former. Run Mo,run!
... and who would short a $10 stock to the tune of 140% of the float? The same idiot who would hold a $6 short, expecting to ride it to $0. (Following an undoubtedly insightful ride down from above $200. Making the later even worse!)
Keep squeezing them until their eyes pop out!