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Was interesting @PandaFace, even more so now as people realised Trump was only discounting the most severe response  to China (for the moment), not actually halting the 'trade war'. Bounce off th

JESS ........TWO BARKS FOR BUY     ONE BARK FOR SELL   ???

Dax pausing at the weekly R1 and Dow within striking distance of it's all time high. H1 charts;

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Oh Tom, Reuters is being negative :(

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"Correction Fears Are Mounting" (1156 Gmt)

Here is an interesting feedback from Barclays' equity strategy team, which reported that sentiment is not that bullish among investors.

"As markets have turned decidedly more risk-on, correction fears are mounting among many investors we speak to", the strategists write in their latest note.

So what's troubling these investors?

"A few technicals look stretched, with RSI (Relative Strength Index) outright overbought for S&P500 (but not for SX5E), Put/Call ratio back to the lows and looming negative September seasonality, while U.S. elections, jittery bond market and second virus wave in Europe are potential headwinds", Barclays says.

Anyhow, their strategists remain quite confident even if one can never rule out a sudden change of trend.

"We remain of the view that the unwind of the massive flight to safety seen ytd is likely closer to the beginning than the end, and that the still light positioning as a whole provides positive asymmetry to equities".

Here's the RSI showing how the S&P is arguably overbought and how the EURO STOXX 50 isn't:

(Julien Ponthus)

 

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Observe the divergence between a rising price and the positioning of big speculators in the bottom row.  Does this explain why the 'professionals' are so salty about 'millennials' and are desperate for a market crash to wipe out all the retail clients?  So that they can retain their privileged status ...

ubyflLeE

Edited by dmedin
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    • I'll try to be concise: Dent was in 2010 calling for the mother of all stock market crashes - so were Elliott Wave International in fact EWI have been call for a massive collapse since 1986!  Some of what he says is accurate - deflation for example - the reason QE has not caused inflation is because it was issued in a deflationary cycle The crash he talks about won't happen - I listened to dent and EWI back in 2010 and I choose to do my own research as other things i was investigating suggested the opposite to what they were both spouting Read my Time Cycles page, it explains the deflationary/inflationary cycles - proven with 220+ years of stock market history behind the reasoning The deflationary cycle he refers to ended late 2016, its now inflationary according to my calcs and research and my prediction is stock market is going upwards until the mid 2030's when it will crash and top out - yet Dent still thinks its in play Up until then we might get a 1987 style crash event but overall the corrections will be modest not massive and they will all be quickly surpassed I don't listen to anyone out there - I trade independently according to my methods so I don't need to be buying and holding and if I'm wrong so be it - it won't affect my trading as the market dictates my positions, not my expectations - since 2010 this has work exceptionally well, where if I'd of followed EWI and Dents forecasts I'd of lost everything in 2010! I've no thoughts on Gold other than it is inflationary hedge - as mentioned on another thread when the stock market is inflationary (which I think started 2017) then price correlation backwards to last time it was inflationary (1982-2000) gold was subdued    
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