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Author: truman52000

Unprecedented detachment from reality.

This week ended with Wall Street printing a series of all times high on all three major indices. Cool right?

If an alien just arrived in the USA he would think that the economy there is roaring at full speed. Probably expecting rather normal interest rates at around 5%, a wealth distributed on a large part of the population and so on.
Wait as this is not the case. The FED signaled a very probable rate cut from current (low) 2.5% on the next meeting at the end of July as the american economy showed signs of tiredness with several macros indicators deteriorating fast.

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The power of technical analysis

I think is just about time to explain why TA (technical analysis) works regardless of the naysayers and fundamental analyst that try to evaluate the “intrinsic” value of a security. Take as example my latest post on DAX analysis (14 October 2018) where succesfully have “predicted” the fall of the index having as target 10300 that will probably reached in the next few days

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Dax and SeP (guest post)

This week I am featuring a couple of charts from Aaron that has been a interesting contributor in the past.
The first chart showing how the Dax30 broke below the wedge and was rejected from the 200DMA.

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Free resource (PDF)

About us

This site is devoted to share ideas and strategies/ trends on different markets. A contribution is welcome regarding main indices or commodities.I mostly cover DAX, Gold and US indices. However I will analyze any other index or share at my will as I use my own methods, my own ideas and my own money.

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