Thursday, April 14, 2016

Technical Analysis and Trendlines

Here's a guy trying to figure out the market.  He's finding out even the trend is not your friend anymore.  It's all rigged and run by computers to make it all further complicated.  There's so many alleged "STUDIES" now in TECHNICAL ANALYSIS that you could have so many lines and not even see the price.  So where is this market going?  Do we have economics anymore?  Makes me wonder too: 

And so everyone wants a FORECAST right?  So here's my short term outlook let's say until the end of April:

  • U.S. MARKET INDICES going up further as DJIA breaks 18,000 soon and  S&P500 breaks above 2100.  
  • The CRUDE OIL and ENERGY sector is rising yes but Saudi Arabia is talking tough and although they have some kind of agreement with Russia they sound like they will try to smash the price of crude oil again.  But the Saudis are up against the big boys that run the markets electronically and it will be difficult for them to get away with it when all their opponents only need to do is press buttons and run the market.  So I think CRUDE OIL is going up towards $70.  If it does reverse it will revisit below $30 again but only if allowed to do so.  Make sense? 
  • The U.S. DOLLAR will rise now on the charts.  That's still the big world currency and no changes are in order.
  • GOLD and SILVER don't mean much but GOLD is still desirable for some reason.  Maybe as Bernanke said it's for tradition.  I don't know what good it does for the big banks but they apparently have a reason.  The price of GOLD will be steady now and range between $1,000 an $1,300.  No need to own any physical unless you want to look at it.
  • The cost of living is going to get worse as usual and it never gets better.  The gap between the rich and poor continues to increase.  Beware of the rich men that oppress you with more books and videos filled with misinformation.  Who can you trust these days?  Very few.