Speaking of Marc Faber/Jim Roger, I think they are good at Mega trend. The advice âGet rid of your cash and buy commodities while they are still cheap!!â sounds right to me. I follow commodity ETF like DBA lately. The daily chart looks interesting.
I do like ensign, even though it has its idiosyncrasies from time to time..... Still like the ED pattern as it would catch the 5 wave up counters out.... I think elo's also looking to wards one more leg up ? Soon find out if I'm counting to slow..... 240min Globex
Faber was interviewed earlier this week and "hedged" his Doom & Gloom scenario and now implies that there will most likely be yet another "bubble" in equities before any kind of day of reckoning. I'll see if I can dig up the video later today. 1998, 2002, 2008, wash, rinse, dry, repeat.
It will be Dow 20,000 plus if those dollar bears are correct.....? I'll leave that long term complex economic stuff to Mike .....
This is also this option on the EUR going to the Key Armstrong 2011.446 (13th June) time pressure... Which keeps with in the long term (late 1970's onward) corrective pattern... Monthly EUR