As I said in the post I am neutral and closed all short positions earlier in the week - nice profits. It will be interesting to watch all the craziness next Wednesday. Perhaps a spike down to close that gap. What happens next will determine the direction of the HUI for the rest of the year. IMHO. If the HUI posts and outside bar to the upside, we just might see a Fall rally. A Fall rally only occurs in a "Bull Market", which will last until Thanksgiving. If there is follow through to the downside, then the HUI is going lower until the end of December. In which case, there will be a huge move to the upside until sometime in February of 2018. All fun and games until someone loses an eye.
You are viewing a single comment's thread from:
Here's my overall windup on how methinks things play out this coming week...in the dollah, bonds, the general market, and of course gold and silver as the rush to te dollar would crush both imo.
https://steemit.com/bitcoin/@ew-and-patterns/btc-update-15-09-17-don-t-be-fooles-by-this-volume-spike#@joejustjoe/re-ew-and-patterns-re-ew-and-patterns-btc-update-15-09-17-don-t-be-fooles-by-this-volume-spike-20170917t134722182z