OTCPK:WLDCF - Post by User
Comment by
cagrin101on Jan 12, 2018 11:52am
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Post# 27342336
RE:RE:RE:RE:RE:Gap covered, now may continue to move up...
RE:RE:RE:RE:RE:Gap covered, now may continue to move up...jove wrote: What are basing your thoughts on regarding the VIX spiking?
Among other things, I use https://stockcharts.com/h-sc/ui?s=%24bpcompq to time when the general markets are about to change trend. I have never seen the chart at such highs before (excessive complacency and euphoria in the markets). I don't believe the market can sustain the highs we are seeing for much longer, and we are long overdue for a market correction. With the Federal Reserve "tightening" and the Chinese slowing or halting their purchases of US treasuries I think it is only a matter of time (1 month?) before we see a substantial market correction of 20% or greater. They say though that the market can extend any trend for longer than you can remain solvent, but we'll see what the next month brings. All IMHO :)