A Skeptical Note on Yesterday's Rally
My Outrageously Bullish Scenario aside, rallies lately have been gaseous.
My Outrageously Bullish Scenario aside, rallies lately have been gaseous.
T-Bonds and stocks came down so hard today that I now give my ‘outrageously bullish scenario’ (see below) no better than a 50% chance of surviving.
You can use the chart to assess the strength of gold’s uptrend.
Forget the media hysteria. The S&P’s bounce from 4835 confirms what I’ve been saying all along.
In my latest interview with This Week in Money’s Jim Goddard, we discussed the technical reasons why the stock market bear may have seen its worst.
My name is Frano Grgic and I am the author of the Forex blog GetKnowTrading.
I am an engineer who ventured into the Forex (foreign exchange) market in search of new opportunities. Believing that Forex offers a valuable avenue for additional income, I immersed myself in learning everything I could about this complex market.
Initially, understanding Forex was a challenge due to the abundance of unfamiliar information. Through extensive research and persistent effort, I gradually gained a comprehensive understanding of the market. This journey inspired me to share my knowledge and insights with others, especially those new to Forex.
To help others navigate the Forex world more easily, I started the GetKnowTrading blog where I explain Forex concepts in a simplified manner. My aim is to make the market accessible and comprehensible to everyone, regardless of their prior experience.