Dec 30, 2017

Update

Two weeks in a tight range, holidays:) Everybody celebrating their huge gains in 2017:)))
This decline on Friday makes the short term pattern ambiguous.... either we have a-b-c last two weeks and one final high or the correction has begun. I can find arguments for both cases. The next 1-2 trading days will show the exact short term pattern. Do not worry there will be enough opportunities to take profits or short if you want:) enjoy the holidays!!!!

I am using the time to prepare the long term update, which I will post on second of January. I am almost ready with it and interesting is I see every asset sending the same message - expect intermediate term bottom/top(NATGAS and PM already reversed, the others need a few days to a few weeks). I do not think stocks will escape "gravity" and trade on their own.

5 comments:

  1. Happy holidays. Look forward to see your long term update. Thanks.

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  2. I agree.. many asset classes are seemingly “lining up” at key zones. Expecting some pretty big moves to take place 1H2018 before consolidation in the 2H.

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  3. Krasi, any guesses whether gold will beat its previous 2011 highs in the next couple of years?

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    1. No, Gold is in cyclical bull market which is part of secular bear market until 2030. It should move higher for a few years, but stay below the 2011 highs and make a low below the 2015 low.

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