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Posts by "daveo"
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Posts by Anonymous "daveo":
Having followed you on twitter for several months I am so impressed with your in-depth understanding of fundamentals I am ordering a hard copy to read at my leisure. Internet is a wonderful technology, what would we do without it, but there are many things to despise which drag mankind down to the lowest common denominator :-)
Oh yeah, yesterday's fart talking here. No comments invited !
Trend line resistance looks to be above your traget (1280ish today) and I have the 127.2% ext ret of last swing down on daily projected at 1296.8 ish, and 161.8% at 1335 ish.
Thank you,
David.
Remember Helicopter Ben.
The Fed are genetically wired to fight deflation at any cost
Thanks for yer quick reply.
Thank you,
David.
Ooops, sorry Ashraf :-)
My daily chart telling me the move up from the May low is corrective and high probability the high is very near, beyond which I expect new lows below 64. Timing of course to hit 69.9 is not easy to nail. All fundamentals aside I shall be watching the chart for confirmation or invalidation and trade accordingly.