tag:blogger.com,1999:blog-7130708113832839690.post3601383276889322062..comments2023-10-29T02:04:09.499-07:00Comments on Smart Money Tracker: CHART OF THE DAYGaryhttp://www.blogger.com/profile/14556370683669428668noreply@blogger.comBlogger9125tag:blogger.com,1999:blog-7130708113832839690.post-42532726499094418842014-06-02T06:21:29.291-07:002014-06-02T06:21:29.291-07:00Interesting how far gold's parabola got above ...Interesting how far gold's parabola got above its MA. Maybe there's further to go on the downside there too.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-46250521918268894572014-05-31T08:20:11.800-07:002014-05-31T08:20:11.800-07:00The market needs to have a normal daily cycle corr...The market needs to have a normal daily cycle correction next week. If it doesn't happen then I'm going to assume that the fed interventions may have triggered a runaway move. Those are very dangerous patterns as they always end in a crash. And one never knows ahead of time whether the runaway move will last a few weeks or multiple months. Garyhttps://www.blogger.com/profile/14556370683669428668noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-41583514581066108912014-05-31T08:18:12.295-07:002014-05-31T08:18:12.295-07:00I would argue that it is very important for the fe...I would argue that it is very important for the fed to protect the market. They've invested trillions in this Keynesian experiment. Just look at a long term chart. The market hasn't corrected back to the 200 DMA in over a year and a half. That's not a normal market. Now that they are trying to exit QE they don't want a repeat of 2010 & 2011. So they are going to actively intervene in the markets to try and prevent that from happening. Garyhttps://www.blogger.com/profile/14556370683669428668noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-16635353373520408192014-05-30T10:36:48.558-07:002014-05-30T10:36:48.558-07:00I am seeing 2-4% drop by next week for the market....I am seeing 2-4% drop by next week for the market. <br /><br />If Draghi doesn't do "something" for the European economy, the market is going to have a bad reaction. But he can't do QE unless they rewrite the entire EU charter. So, what's he going to do? We don't know. But at these lofty levels, if they don't get something out of him, we could be in for a sharp fall. Anonymoushttps://www.blogger.com/profile/17660142570891909299noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-49821581906643170502014-05-30T09:42:45.054-07:002014-05-30T09:42:45.054-07:00who (what) make the rates rise?who (what) make the rates rise?orange avenuenoreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-84365427152750705642014-05-30T08:14:45.320-07:002014-05-30T08:14:45.320-07:00The Fed is not trying to protect the markets, the ...The Fed is not trying to protect the markets, the stock market is where the money is going that they are printing. The banks, brokers, and other big institutions park their new free cash there until rates start to rise. Once rates rise, they pull it out, and booooom crash goes the stock market.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-56498611630096079542014-05-30T07:40:10.452-07:002014-05-30T07:40:10.452-07:00what's the point of the FED protecting the sto...what's the point of the FED protecting the stock markets temporarily if this is to have it crash later?Yellow Monkeyhttps://www.blogger.com/profile/14673934167642094372noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-2030183273033823512014-05-30T07:30:39.380-07:002014-05-30T07:30:39.380-07:00Yes, does this alter the gold view? SMs up = good ...Yes, does this alter the gold view? SMs up = good cover for a dump in gold.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-60838281516026914532014-05-30T07:29:19.944-07:002014-05-30T07:29:19.944-07:00gold down biggold down bigAnonymousnoreply@blogger.com