SMC Update 8-7-23
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Comments (12)
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I would like to take Bill Gates and the whole MS Company to the guillotine. My apologies for a very late update but as I explain in the update I was tricked into updating to Windows 11 today and it has been nothing but a nightmare ever since from start to finish in the whole updating process...from recording to rendering to editing to uploading. I hope the problems will not carry through to tomorrow. Again, my apologies!!
Hello Peter, I second your motion on Bill Gates. Now my market thoughts: Is silver the canary in the coal mine? BTC needs to start down here. Is this a B wave down? Could be but then again this market should be weak enough to come down. The big question is are the big banks done making a top? The UST also needs to start down. We shall see. Thanks Peter
Could get ugly.
The Dow takes out the previous day low then the leading diagonal lower is a real possibility. Flip and we could be down 800 to a thousand. Japan would be in big 3 of 3.
This market hasn't even started to come down.
In the Dow Friday's high of 35505 and yesterday's high of 35497 was a really bearish close.
I'm watching the Japan futures. Could start down in earnest and be in 3 of 3 of supercycle wave C.
Bitcoin is going up, even with NDX going down...i am long and wouldnt recommend shorting BTC
Can this market rally? Tons of leverage and everyone is trapped. lot's of selling here. AAPL so far looks to be telling the bearish story.
We shall see if this market crashes and it could well because of the Banks and Japan....Everything will come down.
its a consolidation, not a crash. Aug/Sept choppy
Hang on things will be wild all week. Bearish,bulls trapped again.
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