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Posts by "tg"
106 Posts Total by "tg":
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Posts by Anonymous "tg":
Do you see a revewrse H&S on the daily chart of the S&P? Your kind view on the S&P?
I appreciate very much what MR Ashraf is doing..... Please do not stress him out with unnecessary pressures....... its a free but very a valuable site.... so please respect and try to think as well........
My understanding is that the only way for Kiwi to start moving downwards, is when the S&P starts its "serious" decline, is that correct thinking... only S&P?
From the time Ashraf gave that indication , the mkt. had moved up close to that target of .9080 and it has since retraced down....
It takes a very patient and tolerant person to continue to engage with a very bitter and ill-mannered person. I wish I can develop that trait, so vital in tading... not be distracted by "noise".... Thanks again for your continued passion in educating us. ( Heard you will be coming out to Singapore in Dec, unfortunately I will be away... :(
Thank you for the insights..... it just amaze how the "markets" assesses.... so cool.......
conditions for a drastic drop in stocks :
1) the stock market will "tank" if another significant event takes place, eg commercial real estate debacle?, a huge uptick in NFP? etc ....
2) there is hawkish talk from the Feds, ECB, BOE....
3) Bond mkt going bearish? for one reason or other...
As long as there is QE, the stock mkt will continue to inch upwards with occasional "minor" retracement.
So, as QE continue to exist for at least the next 6-9 mths.... we would be looking at a weak dollar/ higher stock market?
I have been expecting another drop in the stock market, but based on the above, chances are that there will be no significant drop, especially if the US does a 2nd round of Stimulus package!
Is that a correct thinking?
I too support Jack's suggestion, tks.
There is school that says the Indexes are way overdue for a correction which when happens will result in a stronger dollar as per present correlation, and I believe, Ashraf has now been hinting that it could break away from that inverse correlation..... so why the negative statement from Trader?
In the interim, he has been providing us with intra-day/week market movement. Which I appreciate very much.... Its people Like trader who hides under the cloak of annomity that give blogs its bad image!