“There is only one side to the stock market; and it is not the bull side or the bear side, but the right side” Jesse L. Livermore
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My 2007 Bear Market data chart below (second link) - It could be different this time with the banks printing so much money, but I like to track patterns. So I'm watching The Dollar, rate cuts, gold, and XES and comparing them to 2007 data for possible trades......... Is there a trade coming soon? QE could change things.... So I wait to see how this will play out, and look for the next big trend to trade.... Watching XES and FCG....
https://stockcharts.com/h-sc/ui?s=XE...11&a=692182569
The 2007 Bear Market data chart....
https://stockcharts.com/h-sc/ui?s=%2...01&a=681966961
I agree with the comment below.....
Investors are too concerned with the next U.S. President and aren't focusing on which party will control the Senate.
The real question, not asked nearly enough, is not about who will win the Presidency but whether Democrats will regain control of the U.S. Senate: betting sites like the University of Iowa during the past several weeks have shifted from a 28% chance to a 44% likelihood of Republicans losing Senate control. This would have a profound influence especially on U.S. marginal tax rates which would surely rise sharply for individuals and businesses if we have a Democratic sweep of the U.S. Presidency, Senate, and House of Representatives in November 2020. Even if Elizabeth Warren becomes the next U.S. President it won't affect much beyond Supreme Court nominations and a few other appointments unless Republicans lose Senate domination. Hardly any tax changes or major spending alterations will occur without the key Senate majority, barring surprise bipartisan cooperation.
Kapaln
https://truecontrarian-sjk.blogspot.com/
Good trading next week!
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