well its still early in the day, but unless this makes its way back over 563....that was a bull trap breakout....you have to be really careful with the dow....
anyway neaxt key level is 309.....once 309 gets taken out.....the selling should intensify...
and watch that rsi....i have zoomed in to show it more clearly.....once that treadline support goes....th should be heading sub 24k again imvho....
I am afraid to say this has nothing to do with women and children being gassed and the so-called fee world. I think this is a fear play to get back in the game.
You need to go right back during the Bush times and see what really happened between Russia and the USA. Bush made a very big tactical mistake and underestimated the fear of the Russian, especially after hitting the Taliban receiving a blank check (saw his sole and all of that) he used Russia and especially Putin at a time when all he had to do really was turn to his friends and say the cold war is over. I know Russia was brought into the G7 but the deal was poor and Russia kept getting ignored the USA unfortunately assumed too much and got too big for his boots (again). Lets face it, in Russia half of their population was killed by their own people and there was no one there to stop Stalin. Their approach is a fear based one also and you must never try to control them. They see globalization as a USA world domination project and lets face it they do have a point.
The other major issue - which now brings in the fears of the USA side is how effective the Russian is at getting what he wants and after being cornered has proven once again it will do anything to get what it feels it deserves (cheap and high-quality arms) which in comparison to the USA hardware is a bargain and cheap as chips for the same effect. The USA knows it would struggle to compete against China and Russian arms sales going forwards and must rally its friends to block a very fast developing world platform from sidelining their influence. These transactions do make a lot of money for the central bankers to prop up the system which is not working and rotten but if you see major arms to countries the bonus is you become their protector and can ask serious favors.
Nope I think this is the USA and its partners, right now, are trying to reassert its dominance over world affairs and especially the international community for the above reasons. To protect its interests. Itw as really nice that they gave Russia and China a chance to get their acts together but as this ahs happened now I feel the West has an advantage.
What is also interesting is Russia cancelling its bond sale this week. The first green flag was S&P upgrading Russian debt and then the offer. Boom no deal after the offer of help, sanctions just stopped that, and the Rubble is in again freefall once more - A lesson for Russia if it thinks it can survive without the help of the more richer countries. The other issue is the trade war with China, the Chinese cannot complete and desperately rely on USA exports. To pay for its mess also.
Russia and China have been silly in thinking they could have pushed the West out of the honey pot. That in my view is where this went wrong. Russia and China knew the deal - it was very clear - you want to join the club then you need to make scarifies. They have clearly ignored that advise and what to change the global political landscape probably a fairer playing field for all. They have done well so far but their plans will now get a lot harder. Trump is on the case after taking a while to get it. He certainly gets it now.
I am afraid to say this now needs to run its course and war is the last option to prove the ultimate point, who will be running the shots in the future. When its done and if we are still here alive, then we can all get back to living our hectic lives but what is about to happen is going to happen my friends. Its called push back to find a political solution and Syria is where it all started and so this could be where it all ends and a new civilization is born.
We have been fighting for some time now indirectly, so its a move to the high stages its all on the table. A direct confrontation and I believe this will be the last major war of our time and the quickest!
no spend......not yet.....its getting closer.....but i can categorically say that breakout has not happened yet....
you could be right...but the breakout has not happened imvho....
the dow has a way of sucking everyone in....then.....dumping...
we need a CLOSE, on a end of day closing basis....and then it needs to hold above 24563 to confirm imvho....
How can a great entry be, my accounts say £10 a point, be
£5700 under water plus financing say £30 a day for say 3 weeks? = £630 plus Dow div's say 50 points = £500 Total estimate say - £6830.
Maybe he know's ww3 is about to start, it would in this household!!
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