Superb analysis, clear, educational and extremely useful. Wonderful way to follow the markets with your guiding light. Exciting outlook, fun to follow. Thank you!
Thanks very much. It's always a encurragement if you guys are giving me feedback.
Here's a conversation I had with Leon.
I think his questions are interesting for the whole group.
Thank you for the video today. I was quite puzzled by the price actions of last three days. The market is crashing, but each day there is significant buy back. I looked back into the historical price chart of SPY, DIA, QQQ and could not find anything like it. What is your theory on this? US Corporations are using their repatriate profits to buy stocks? If so, why do it now at historical highs unless they think the stock can go higher? International money flooding into the USA? Is the market really this strong?
It’s true, there where never years with markets like we have now.
And this is a huge challenge to veteran traders too.
The guys & gals who traded long only and holding, they will give a ton of their profits back when the earthquake comes, because they only know up-markets.
Yes, money flows out from Europe into the US markets.
However, I have no clue where this will lead to…
Armstrong-Economics, Martin Armstrong - which is the only person on this planet I trust in his analysis (except myself of course ;-))) …wrote once, that the USD will explode and then the Big-Bang will start. This takes a while, according to his analysis it’s in 2021 if I remember correctly.
So from this perspective, even if my one opinion is that the markets are totally stretched to the upside, I think we have to wait for a confirmation of the turn.
Again, flow is up, and there is no trend but a sideways trading going on.
Once more, this crazy situation has only one and only possiblity for me to be engaged: Follow The Rules And Don’t Try To Predict.
Luckyly the forks can’t be manipulated. The rules take care of themself. The projections tell us where the market currently is going, and when it temporarely turns.
Until they scream at me to sell my underware to short the hell out of the markets, I (try) to stay patient.
Have a great day and trade small Leon, we never now when the Whales are shaking their tial fin §8-)
Thank you for sharing your reply to Mr Leon. Now, that's the really Big Picture! Much food for thought. Very appreciated Monsieur Emilio!
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