Ok, we all try to get intell however we might. Maguire went off like fireworx today, indicating this house of cards of derivatives is doomed.
Like TechStockGuru said: “ They have more trix up their sleeves than we can guess.” and I think that is true, but IMO, they fail the QWK-DRAW McGraw test. Seems they can fight off changes one by one, but likely when it becomes a multiple assault, something is gonna get thru, and blow up this rickety structure.
So at today’s close, when Cruthglen’s PM momo indicator went positive, I was not surprised, especially since the K-2 Oscillator equalled its August peformance to the upside, and Mannarino’s Danger Index also hit a new all time record.
Scan-wise, the silver Jrs comprised the bulk of scan positive stocks. We know Silver leads at times, so combined with K-2, and CRG’s PM index going positive, leads me to very aware as we go into this weekend, of the potential to a move to the upside.
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