Re: MrJohnRoss' Account Talk
Originally Posted by
MrJohnRoss
Perhaps we'll get "good news" from the Fed tomorrow, and that big down gap will get filled to the upside. Since the "experts" have placed the odds of a rate hike so low, it shouldn't be a big surprise to hear them say they're standing pat at this time, but who knows what kind of shenanigans the central banksters might pull.
Shenanigans indeed.
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The next target is that big gap fill area, and then the high near 2195. Why worry about a December rate hike now, when we can party like it's 1999 for a little while longer?
BOJ decision helped boost the yen, which is exactly what they didn't want to happen. Oh well *shrug*. The strong yen (falling dollar) helped gold, silver, and esp oil. WTIC up 2.93% today. Let's see if it's sustainable. JNUG up almost 23% today.
I'll be watching to see if the market goes up into the gap area tomorrow, or if it becomes resistance and fails to fill. It's make it or break it time for the bulls.
Composite system has switched to +1, a mild buy signal. Another day or two of strength could put the composite at a full buy signal. We shall see. Patience, patience. One day at a time my friends.
Good luck!
CURRENT ALLOCATION: 100% I AS OF C.O.B. 5/22/2017
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