“Watching Iran trying to start a war”!
All so predictable … how many times do I have to tell people NOT to either buy
screaming rallies OR sell melt downs? … it’s akin to watching gamblers bet red
after 20 blacks in a row via roulette … “it’s just gotta work”! … err, no it doesn’t
… but here comes the sidelines money ready to “plunge” buying gold above
1600, and selling equities with abandon, when they should know better … and
for 20 seconds you look like the second coming of W.D. Gann … and then
… whoosh, to the downside we go in gold, and it’s to the moon Alice in equities
indices … will people ever learn? [Hint: NO!]
“Let’s save face and blow up some sand”, say the Iranians, and Trump correctly
reads the propaganda value of that back home in Tehran, and probably laughs
himself to death … and from that moment on, it’s the “Plunge Protection Team”
[PPT}, ready to make your short selling dream turn into a nightmare … ditto for
the “Rally Protection Team” [RPT] over on the other side of the room at
“Manipulation HQ” in gold and guess what? … you either eat the
“shit sandwich” now, or you’re gonna be back minutes later when it’s worse
… and boy did it get worse for the shorts in stock indices, and for longs trapped
in gold … and the banks sing, “thanks, come again”!
“Thank you manipulators, you make my job so much easier, cuz when I see you
come in via the “Traders Course II” algorithm, I’m waiting for you like a guy
waiting for a limo … nice ride”!
There were others as well throughout the day, but why ruin a good day if either
Trump or the Iranians decide to change their minds … one fantastically good buy
algorithm signal in the DOW30 … FX CHOICE PAMM / MAM UP 0.7%
Nothing going on in Cable to speak of, another “new high, followed by a new low,
followed by a trip back to the middle”, and that’s called the “Flying Wedge of
Death” [FWD] … all of course, inside a subdued day waiting for BoJo news, with
the added drama of the Iran fiasco … trading action today in Cable just lousy
… no trades in the Turnkey PAMM / MAM in Cable today.
All the action in stock indices and precious metals … and oil of course, which got
beaten down with an ugly stick off the panic bid highs seen earlier, when it
looked like the world was gonna end … guess what? … it never does, does it?”!
… until tomorrow mi amigos … Onward & Upward!!
Have a great day everybody!
-vegas
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