Thursday, September 11, 2014

Double-nested 3PDH update -- point #10 lows May 15th?

Sure why not. 

A rate hike in January would help.

The double-nested 3PDH count


Permabear Doomster said...

Rising rates will be bullish for the market, especially financials.

Rising rates will be BULLISH US least to a moderate extent.

A year ago... summer 2013, I waved the white flag on such 'doomer outlooks'.

We're now almost 30% higher since that time.

I just wonder at what level do you wave the flag.

pb said...

It's easy Permabear - the economy sucks
and QE ends in October. QE is the only reason the market is up. The market will continue to rise only if the European FED does enough QE.

Bicycle said...

Today I can see the divergence in the Dow is fooling many in the blogosphere, however it is simply another last chance to short this index before the DJIA plummets to 6000 and then to 2500:

Proshares DOG Inverse Dow 30, Bullish Falling Wedge