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During the advancing phase of a larger intermediate cycle you have to buy the dips…
Actually one wants to buy the dip during a larger intermediate decline also, you just wait longer, and let it get more oversold first.
operative word…. more.
Goldman Sachs’ supports Gary Savage vision, since it’s a contrarian indicator. Now only Dennis Gartman has to come onboard.
Goldman Calls It For Oil: “OPEC Freeze Insufficient To Support Prices; The Price Rally Should Stall”
The establishment is determined not to allow a correction ahead of the elections.
This is a perfect example of why I would never short the market.
Looks like it. Yellen is in Obama’s pocket, and they want Hillary to continue the status quo. Don’t know if that’s gonna happen, but a higher stock market certainly helps the current political party.
There’s not a chance in hell they’ll raise rates in September and risk a market drop like after December 2015.
many dip buyers for dollar at critical support trendline for dxy.
same goes for usdjpy.
PM advance stalled.
PM miners drifting downward bias for DCL.
WTI low 46.00-46.50 support for daily cycle dip low ?
Wow, what a volatility in crude related etfs? Market probing for support for daily cycle low? One day at a time.