Nice post.In times like these look at the facts and not what you...

Nice post.

In times like these look at the facts and not what you are reading every day! Half of that crap is inaccurate - and it is inaccurate on purpose and for a reason! To scare the sh ite out of us all!

What people are forgetting is the $USD! Why did China go ballistic? Cheap labour and a cheap currency. What will happen to American exports if their dollar is down 50%, 60%, 70%? I tell you, money will flow into that country just like it did with China. No, it wont save their domestic housing market straight away, but it will bolster US business earnings.

The DJIA is behaving normally with regards to a correction back to support. This needs to hold around the 10k - 10.5k mark, but it wont take long to find out. Below is a 15 year chart and the setup that is playing out!? It may not hold - fair enough - but lets wait to see if that happens first.







Here is the SPX. To my basic eye, this is a bullish setup. A long term setup that probably needs more downwards to sideways action, but eventually looking very strong down the track. Yes it could be a medium term wait, but a pull back from that double top was always going to cause some pain. Same again, it may not play out, but lets deal with that if and when it happens.








Finally, the FTSE100. This is just a normal pull back inside a bullish setup! Again, it needs more down to sideways action, but IF the pattern holds, this is also setting itself up for a strong bullish market down the track!







Yeah... I know... how can it be bullish etc etc! And yeah, I may be proven wrong blah blah blah! But look at the facts. These are strong setups. It could take years to play out, no doubt, but it could also turn around and steady quite quickly also.

Our market is a commodity driven market and has done well over the commodity bull run. However, this will change when it ends. The US and UK are not commodity based and their cycles kick in after ours with more tertiary based products. With the US dollars becoming so cheap, and getting cheaper, how could money not eventually flow into that country at an increased rate? Maybe the US government isn't so dumb after all!!??







Trade safe!