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If anything stops the bull market...it would be seeing a dramatic drop in margin debt(due for release within the week).That might get the big boys to try and get out in a hurry.An increase would be a temporary all clear.Hope all is well with you Bouraq.Hoping your analysis of gold is correct.I got in it the day before the big 40.00 jump in June (by luck).Added more and crossing my fingers.Cheers.
Kiran, not much happened on R2K since the day before yesterday. That's why I didn't post anything on that. I'm covering too many markets and I can't post the same charts everyday.
I'm fine thanks Anonymous. :) Margin debt has not been very reliable for short/medium term moves but yes if we see a sharp decline that may mark the start of a deep correction. I was long gold there too but I exited after 60+ rally. Now I want to get in again.
Great charts as always. Can you comment on R2K?
ReplyDeleteThx
If anything stops the bull market...it would be seeing a dramatic drop in margin debt(due for release within the week).That might get the big boys to try and get out in a hurry.An increase would be a temporary all clear.Hope all is well with you Bouraq.Hoping your analysis of gold is correct.I got in it the day before the big 40.00 jump in June (by luck).Added more and crossing my fingers.Cheers.
ReplyDeleteKiran, not much happened on R2K since the day before yesterday. That's why I didn't post anything on that. I'm covering too many markets and I can't post the same charts everyday.
ReplyDeleteI'm fine thanks Anonymous. :)
ReplyDeleteMargin debt has not been very reliable for short/medium term moves but yes if we see a sharp decline that may mark the start of a deep correction. I was long gold there too but I exited after 60+ rally. Now I want to get in again.