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The bull market is not over and almost certainly will continue to the end of 2018. We will not see any major pull backs up until we have hit Dow 27,000 – Even then we could be making headways towards 30,000 Dow. The thing is, there is no catalyst for the US markets to crash or pull back from here – for 2018 in any event or for as long as Trump stays president. My guess is; he will get a second term in office. The ftse and Dax are showing weakness as I suggested in my last post. This is mainly about/because of an agenda of concentrating equity wealth into the US markets from rest of the world. This agenda has been in the making for many years and now it is becoming a reality slowly but surely – Therefore any smallish pull back or weakness in US equities is an opportunity to buy.
Bitcoin : It tried to get close to 14,000 and kept failing , it could not even manage above 12,000 from when it dropped from the highs of 20,000 to 6,500.
It is looking very likely that Bitcoin could break the 7,000 level again and if it does, it is not impossible for it fall down to 2000 ish, which is something I talked about in my previous posts.
Although I see the entire crypto currency scene as something fantastical and not real I would on technical basis buy at 2000 ish. But will it break 7000 is what needs to be seen, if it does not – then it can hang around the 7000/8000 mark until a catalyst presents itself.
Blockchain technology is something else … I like it.
On another note : I launched the INTUITIVE TRADING INSTITUTE back in OCT 2017 , I have created the INTUITIVE SIGMA strategy downloadable course, which I genuinely think is the best trading strategy ever written. The course has had great success since it’s launch and have had superb feedback from it’s subscribers – It is a downloadable video course.
I have also put in place the most fantastic support team who will help, assist and answer any questions before and after subscribing to iSigma. You’ll be very impressed by the service provided.
Check out www.intuitivetradinginstitute.com
www.intutitvetradinginstitute.com
Also few weeks ago ( not publicised so far) made a video of a 9 hour trading session – shortened to one hour ish for viewing which opens a window into the iSigma strategy and how it works.
All in my humble opinion and no financial advice intended.
Always expect success
Andre
Very interesting Sir, Thank you for your thoughts, I don’t think Bitcoin will fall from grace to such an extend but hey who knows.Nothing is impossible in this crazy market.
Dow 30,000 !!! I’m scared already to buy from here and waiting fo rit to any day explode’ ‘but I suppose you are right with all the tax incentives and blah blah they have been given they’ll just keep taking the equities higher despite interest rates.
Always look forward to your articles, please post more often
This will be white knuckle ride from here Andre, perhaps DJIA kinda not going anywhere so it can sprint back up and over 26k.
Love the simplicity of the lingo, you get straight to the point~ no messing around — love the video #will check out the course.
Thank you for your thoughts@ RESPECT !!