“TOPPING PROCESS LEADS TO BIG MARKET TOP” By Gary Kaltbaum-August 23,2015 @GaryKaltbaum garyk.com “The sea was angry that day, my friends, like an old man trying to send back soup in a deli!” George Costanza Well, it should be more than obvious why we have been urging you to pay attention to the ever narrowing…
Good: The market is closed… Bad: Market continues to deteriorate Market continues to deteriorate Market continues to deteriorate Market continues to deteriorate Market continues to deteriorate
Hey, how’s your day? Writing this from Orlando, Florida. Was supposed to be in NYC this morning but after a 6 hour delay and cancellation city, enough was enough. Just letting you know, markets are about as extended to the downside and oversold as they get on a short-term basis…but only on a short term…
Absent a complete 180 by the Fed in where Janet Yellen announces another round of QE (not out of the question), the classic topping process we have been writing to you about all year long looks to be now completing itself as whatever has been holding up the major indices finally have topped. Very simply, commodities…
http://www.foxbusiness.com/economy-policy/2015/08/20/marco-rubio-unveils-economic-plan-in-detroit/?intcmp=bigtopmarketfeaturesside
http://www.wsj.com/articles/u-k-to-send-police-officers-to-calais-to-combat-illegal-migrants-1440076827
http://www.foxbusiness.com/business-leaders/2015/08/20/donald-trump-vladimir-putin-can-be-dealt-with/?intcmp=marketfeatures
http://www.wsj.com/articles/greek-prime-minister-alexis-tsipras-expected-to-announce-whether-greece-will-go-to-elections-1440077601
http://www.bloomberg.com/news/articles/2015-08-20/yellen-s-learned-these-five-things-about-the-economy-since-july
