RE: Herbieridesaga7 Aug 2019 04:21
Hi Lanie, rough night, having a coffee to revive myself.... I'm going to defend myself by saying I called the bounce, but I thought the plunge would re-start before 8am. US stocks held on, but futures now down. Oil down. Gold up. Asia did not really join in. Dax and Cac futures up - but woeful (literally) FT futures down. I'm calling EW3 strikes today, and strikes hardest on the FT100. Sometimes when you get an EW5 it's just the EW1 of a much bigger correction. I think this EW5 should take us back to the June lows, but if that's 1 of a bigger 5 then the Dec lows are back in play. Where will gold be then ? Where will the FT100 be then ? This year's rally has been about the US feeding out money, and yet that is not being invested...