The Main Stream media has had quite a few pundits talking about a significant upcoming drop in the stock market. Perhaps they are right?
I really don't care which way the stock market goes personally, I just want us all to capitalize on it, but have a look at this.
Comments?
Gregory Mannarino
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Upvoted. Thanks for the videos. Just a little info provident metals is selling junk silver at spot.
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I just recieved this e-mail today. What's going on over at Elemetal?
"Dear Provident Customer,
Beginning May 17, 2017, Provident Metals will no longer accept Elemetal Vault account balances as a payment option."
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Elemetal is currently invovled in the smuggling scandle. It will probably end up shutting Elemetals down, if it hasnt already shut down. You can see that most of the items from Elemetals are out of stock
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I was not even aware that was excepted there to begin with. But after the Zombucks series finished I have not been back there that much.
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Excellent.
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You have no idea how happy I am I found your blog 3 years ago!
I actually started buying Russian Roubles back then. I have almost 1,000,000 roubles..... cost me just a tad under $800.00. When this blows,.... my cryptos, metal, and russian currency should shelter me.
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We need to see about getting the rest of our silver bug youtubers to come over here. you may be leading the pack with this move Greg.
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How many more "get out of jail free" cards can they print
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I've used this before.
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Wow... that's interesting.
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So true! Upvote to you sir for posting the picture!
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That's hilarious, but so true. Back up the truck and trade those slips of paper for monetary metals.
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There's an algorithmic trader who has a great track record was warning of May 11 to see some kind of move. Not sure in terms of % but he has been a very reputable source. Thanks for your info Greg and what you do.
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Interesting. Thank you, you are welcome.
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I forgot his name but he was right on when the mkt moved down a few months ago and in the past.
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I think the one you may be referring to is Sandy Jadeja.
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Ya that's it. I write articles for crushthestreet.com about finance related stuff. If would like to read please follow me. Thank you
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I like a good wager so I put on my "May 11" trade today. Fingers crossed.
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If the mainstream news is saying it, then it must be true. haha.
I don't bother watching them. They just talk in circles.
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This is not a H&S at all.
I am new to steemit so i don't know how to upload a picture here, But if you look at the DOW JONES monthly chart, and draw two major FIBONACCI extensions, 1: from Mar. 2009 to Mar. 2015 and 2: from Oct. 2011 to Mar.2015, you will find major resistance at around 21,500 and then 21,650. Moreover RSI is very close to 80.
So, although i believe it will hit 21,500 and if that breaks, 21,650, I think that will be the more or less the top.
What do you think?
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This post has been ranked within the top 25 most undervalued posts in the first half of May 11. We estimate that this post is undervalued by $30.50 as compared to a scenario in which every voter had an equal say.
See the full rankings and details in The Daily Tribune: May 11 - Part I. You can also read about some of our methodology, data analysis and technical details in our initial post.
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Greg you are always right on
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Upvote! You the man Greg.
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Thank you for the insight. Would seem like with the government back-stopping everything, there is no way we will see a serious breakdown in the averages. Should just stay long.
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All I know is that I don't trust anything the MSM says. But that chart sure is interesting, especially in combination with the low VIX
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Up-voted! Keep them coming! :-D
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Thank you.
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Honestly amazed we haven't had a nasty correction already. Though if the MSM is talking about it they are probably just trying to make it happen.
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Of course, technically, in a 'proper' market, a head and shoulders should translate to correction. BUT here comes the PPT! tada! Problem solved, buy all the things!
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Thanks for the analysis.
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Is that like Bigfoot's head and shoulders where his head is shorter than his shoulders? Lol.
Ok seriously, u have a better than 80% chance of believing this is a bear trap. How many times have we been faked over the recent 2 years? When u think it's about to drop, it keeps going higher...that is the TREND.
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All I know is that we DO NOT live in a world where the VIX should have a 9 handle. 90 maybe.
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Interesting. Would be good to see some other TA charts for other signs to look out for....
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Thanks Greg !
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