So, is it a bull or a bear from here?

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Hello again,

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So I was right again! Dow backed off from 22,200 ish, we saw a good drop – but what now?

I again have to adhere to what I said in my last article here, If it comes back up and over through to 22,400(going through 22,200 like butter) … we can very much expect a close of 23,000 or even 24,000 by the end of the year for DJIA. Although I still hold on to my thoughts that 22,200 is very possibly the top of the 9 year bull market and our journey from here is towards 20k and then 19k . Having said that … they are masters of surprise and the dream machine can continue to churn ahead without any rhyme or reason. By the by, If you are looking for REASON in your trading decisions …you might as well stop and look for something else to invest your time and money in. The markets are driven by macro economic and macro geopolitical agendas more than anything else and having too much noise is designed to confuse .

The very possible scenario I have in mind is they might just take Dow back up to 22,200 again and then drop again, at which point I will take the risk and short the market and this time take the medium term view of a drop to 19,000 …as I think if it does not pass 22,200 this time …it won’t try it again and a larger fall will be due.

All should be revealed coming week as to which scenario is going to be played. Shall post end of this week with more clarity.

Starting a downloadable trading course on the 19 of September , which I think is the best trading course in the world produced to date, for short/medium/even long term trading … Beginners to advanced traders alike can benefit. The course is called the Intuitive Sigma

Register your interest on my website : www.clevergamesuk.com

See you soon … always expect success … Andre

 

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Comments

  1. Edward K. says:

    Excellent call Andre, I couldn’t believe it when it backed off 22,200 as you ppredicted, The master !!!

  2. Amit S says:

    Superb call sir, in awe and will wait for direction this week, keep us informed and looking forward to your next piece.
    kind regards
    Amit

  3. Deborah says:

    Hello Andre, I’ve never been as confused as I am now regarding the future direction of the US markets or FTSE for that matter, excellent call on the djia. Will definitely want to do your course.

    Debs

  4. Edward K. says:

    It’s all a mystery sir, one side we have a president in us who is being pushed to resign next we have the markets which seem to be tirelessly positive. Wish I shorted when and as you predicted. Love to do your course if I can afford it, very very curious indeed as to your trading strategy. Please post more often. regards

  5. VJ says:

    Frightening times sir, I think they’ll try again to have a go at 22,200 once these holidays are over and school starts, traders back on their desks back from their lux holidays.Interesting to see what unfolds. very interested in your course ~ shall register. Keep up the good work and write more often please. kindest regards VJ

  6. Oliver says:

    Excellent work Andre-From my analysis I’m long the DJ back to 22 200 then it should be a good shorting opportunity. Very excited about your course! I will be taking it. All the best.

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