The FED are controlling these markets at the minute, perhaps with a view to mid term elections for Mr Obama. Still they have said that they are prepared to print more money which we know last time caused the markets to rally up. So, there's always a chance they could intervene if the markets started to slide again. The FED want stability not bearish volatiity and a sideways moving market breeds more confidence than a falling one. However, another good call from Max.
i agree that the federal reserve wants to pump up the stock market before mid term elections. you can't tell me politics do not affect their decisions especially when their own existance could be at stake if Ron Paul makes a bid for 2012.
I have half a mind to double my short position first thing tommorrow morning. As always I got in too early. The current run up made no sense to me. Its really insane how the market can be rallying away in the midst of what feels like disaster just around the corner. Either being rigged or 99.99% of people in the market are ready to jump ship at any time.
With all the money printing going on, who knows. What ever happened to the good old fashioned idea of SAVING money ????
I agree with this outlook. But I think we will go down and break the 2009 lows because the turn around you speak of in this video will likely be the start of a supercycle primary wave 3. The only way this market is going higher over the long term is if we have MASSIVE inflation and everything goes up. That is highly unlikely because the U.S. bond market is pricing in MASSIVE DEFLATION . Today the 5-year U.S. t-bill hit below 1.28 percent. That is insane because the default risk alone ishigher
The federal reserve is hell bent on robbing savers to reward spenders. Surely this will not end well for savers nor spenders. Personally I think the federal reserve will be shut down within the next few years. Its turned into a money printing racket that only benefits its banking cartel shareholders. Worse, it spends half its time trying to keep people from knowing how they are being robbed.
The FED are controlling these markets at the minute, perhaps with a view to mid term elections for Mr Obama. Still they have said that they are prepared to print more money which we know last time caused the markets to rally up. So, there's always a chance they could intervene if the markets started to slide again. The FED want stability not bearish volatiity and a sideways moving market breeds more confidence than a falling one. However, another good call from Max.
zeuthuk 1 year ago
@zeuthuk
i agree that the federal reserve wants to pump up the stock market before mid term elections. you can't tell me politics do not affect their decisions especially when their own existance could be at stake if Ron Paul makes a bid for 2012.
orangedac 1 year ago
looks like you're correct.
mansson111 1 year ago
Thanks max.
I have half a mind to double my short position first thing tommorrow morning. As always I got in too early. The current run up made no sense to me. Its really insane how the market can be rallying away in the midst of what feels like disaster just around the corner. Either being rigged or 99.99% of people in the market are ready to jump ship at any time.
With all the money printing going on, who knows. What ever happened to the good old fashioned idea of SAVING money ????
orangedac 1 year ago
monthley close is engulfing bullish candle and next month should open high
me7md 1 year ago
Comment removed
me7md 1 year ago
first wave of (v) is im so it`s not ed wave ..
me7md 1 year ago
Hi Max, I posted my current wave "C", up, count on the TraderLounge to share an alternate view. Very good work, as always.
ElliottTrader 1 year ago
I agree with this outlook. But I think we will go down and break the 2009 lows because the turn around you speak of in this video will likely be the start of a supercycle primary wave 3. The only way this market is going higher over the long term is if we have MASSIVE inflation and everything goes up. That is highly unlikely because the U.S. bond market is pricing in MASSIVE DEFLATION . Today the 5-year U.S. t-bill hit below 1.28 percent. That is insane because the default risk alone ishigher
philolson321 1 year ago
@philolson321
The federal reserve is hell bent on robbing savers to reward spenders. Surely this will not end well for savers nor spenders. Personally I think the federal reserve will be shut down within the next few years. Its turned into a money printing racket that only benefits its banking cartel shareholders. Worse, it spends half its time trying to keep people from knowing how they are being robbed.
orangedac 1 year ago