Recent content by gartley

So many AI trading models have sprung up, but AI could not save itself from a flash crash last night. Every dog has his day in the markets, 100 years ago the wireless, then avaiation, then dot.com. What do they all have in common? They ended up in bust. This time will be no different

No sell signal generated on this yet. Just to take partial profits and look for re entry. Been long since entry signal given @ $2018!

News aside. This is close to a daily sell, expect a re test of 42 by about mid May https://invst.ly/14gfa0

Even if it is, won't stay there very long. Will be re testing highs again within 2 years IMO....

There are only two things that need to be done: 1/ Develop an edge (least important of the two) 2/ Learn to become a "good loser". Cut losses early and move on.

I think Erdodog ( the wanna be Sultan) has a grand vision to resurrect the Ottoman Empire like Putin has with the Russian Empire. There is an election in 2023 and because the Turkish economy has turned into excrement, he is trying to change tact and divert attention by threatening to invade and...

I think they have already moved some of their assets to Suda Bay, Crete and they are also expanding the Greek port of Alexandroupolis which is close to the Bosporus.

Turkish economy is disintegrating. Inflation running at 71%, their currency has collapsed against USD to nothing.... Also they are endlessly threatening their neighbours such as Greece with airspace violations every day for years. Ergodog is a madman in many way no different to Putin causing...

After the pandemic low it broke through the red and blue offsets for the Nominal 4 year cycle thus giving an upside projection ( upper yellow rectangle) which was met. Market has been moving down since. IF and depending where it breaks through these offsets again ( it's not far off maybe at...

Should meet just under 60, no other downward cycle projections thereafter. Basically will follow SPX. "It's all the same market atm"

Cash probably should have been parked 12 months ago. Between now and end of of November my bets are on a capitulation move down to end this leg down that started last year and ASX may well test pandemic low. So will that be the buying opportunity of a lifetime if it eventuates? Probably not...

Refer to earlier postings in this thread.. ..

It did what it's been doing the last 6 months and has a lot further down to go....

Interestingly 4 year Nominal cycle using 100 week offset calling for sub 60c ultimately. Sort of lines up with the 0.608 expected from the monthly dynamic cycles

Looks like the next week will be quite crucial