Big Consolidations Equal Big Rallies
This video examines the large consolidation that existed in gold before it blasted higher 90% into the 2011 top. Current consolidations with enormous future bullish implications include the Nasdaq and the energy sector.
Video Length - 00:07:00
Disclosure: None.
How did you like this article? Let us know so we can better customize your reading experience.
You are looking at consolidation in markets moving upwards. Consolidation if the market moves downwards it looks equally large if not larger and uglier. I agree the bigger the move is if it occurs. But up or down is not clear. The video doesn't give any rational reason to why the economy and the stock market will move higher besides the central banks dumped tons of money. That explains where the market is today but doesn't show any proof the market is still set to rise. Rather, it's an argument that the market is already overly pumped and may be set to deflate without more stimulus.