Referring to your call on the 19th july which was spot on.
Ashraf : So now I'm taking another close look and the "preliminary" assessment suggests we will get a top (1410s SPX) in mid to late August, after which we get 2-3 down months.
July 2012 is looking like March 2010.
August 2012 may end up looking like the top of April 2010.
Question : What do you expect going forth are we expecting a pull back soon? as we are seeing some resistance now in the equity markets. Thank you for sharing!
Try publishing this in the UK weekend papers: Traders bet BankofEngland will raise rates to 6.25% --highest since 1… https://t.co/GWXrTEAk4R(10 months ago)
Poor start to a slow market day as Ezone PMIs disappoint. Im still keeping an eye on the rare (-2%) USD-GOLD combo,… https://t.co/UyRzWsRbs7(10 months ago)
-5% YTD is not good, while -7% from the year highs can be tough. Gold traders have their eyes fixated on this for n… https://t.co/NV5UMKsfNo(10 months ago)
ما وراء هبوط الدولار مع الذهب و من منهما يتمكن الارتداد؟
موعدنا الآن في غرفة شركة إكس أم لجلسة الأسواق
https://t.co/Y7tD0RxCS2
@XM_COM (10 months ago)
Jobless claims > 300k before next FOMC meeting would be ideal for Fed to make up for any CPI upside surprise (10 months ago)
"Cook & Eat at Home" scheme may come next to defeat UK inflation... (10 months ago)
Earlier in the week gold selloff was attributed to smaller than exp China EASING. Metal is now holding v well despi… https://t.co/ZW9cmXTPWW(10 months ago)
Gold, Yields & Nasdaq
Yields are breaking down, and may potentially extend towards 4.32%, which could imply further gains in XAUUSD and NASDAQ, depending on the outcome and inner details of the CPI. EURUSD...
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Referring to your call on the 19th july which was spot on.
Ashraf : So now I'm taking another close look and the "preliminary" assessment suggests we will get a top (1410s SPX) in mid to late August, after which we get 2-3 down months.
July 2012 is looking like March 2010.
August 2012 may end up looking like the top of April 2010.
Question : What do you expect going forth are we expecting a pull back soon? as we are seeing some resistance now in the equity markets. Thank you for sharing!
regards,
inc
Equities have been rallying for the past 2 months and now finally turning. Any particular range to look out for the downside for the S&P? thanks