Timing the Bubble Burst Sequence (DJIA/Gold); Part II, Update

2021年4月17日

This is an Update of the original post;

This is now at a 36 month Major Resistance! It is quite likely this will be the (very) long-term, final top.

2021年4月18日

註釋

A note on the recent "blockbuster" US ISM Manufacturing PMI numbers and the fallacy of their interpretation;
The ISM figures are diffusion indices calculated by the percentage of respondents expecting the future to improve minus the percentage expecting the future to worsen.

After an economy has been totally shut down and if every respondent thought things would get even a little better after the reopening, then the ISMs would register 100% - the maximum.

Obviously, currently this is nowhere near the case.
E.g. those recent, much celebrated "blockbuster numbers" (in the low 60s) are nothing more than a clear indication of just how bad things really are out there!

2021年5月2日

交易進行

SHORT

SELL this spread hard!! - And for good.