Thanks Parisboy.
Currently I'm mostly interested what happens around January 18 ECM.
So far I have been long this market big time and where I would normally haved trimmed some around end of December I decided to see if we would rally into this date.
So far not much is happening but I'll wait and see. Gumbi has send me some information and numbers and I keep a close look at it.
If indeed a big top (for instance going towards 30K in DOW) is created around the ECM with a year long draw down then that is a nice call and I will trade it.
If nothing happens I myself close the book on MA and move on.
he sent them to me also, and I am excited to see. I still dont' understand how the forecast can be proven wrong.
What he basically is saying now is: a high around Saturday January 18 (week before or after)= turning down 20%+ into Q1 2021. Only if US share markets make a low on the ECM we would rally in 2020 once we take out 2019 high.
For now, taking out 28.971,94 on a weekly basis could mean going toward 30k.
So he means either a big low or a big high around the ECM. Looking at yesterday's price action, a low seems hardly possible anymore.