As predicted on Sept 1, the markets went down sharply on Tuesday and then have been moving up to complete the 4th step up . Since we are approaching the 3 day weekend, the markets can continue to go up till tomorrow night on low pre-holiday volume.
After the 4th step is over, we will have a nice drop in the 5th step down to new lows and then we will have a larger rally.
Oil is continuing to go up nicely from recent lows but when the market goes down again, Oil and energy stocks will go down with the market. Natural gas will also go down to new lows as we have huge stocks of Natural Gas compared to last year.
Gold is also consolidating before it goes above $1300 again. Dollar has completed the 4th step down and it is ready to move to new highs against other currencies in the new step 5th up.
After the 4th step is over, we will have a nice drop in the 5th step down to new lows and then we will have a larger rally.
Oil is continuing to go up nicely from recent lows but when the market goes down again, Oil and energy stocks will go down with the market. Natural gas will also go down to new lows as we have huge stocks of Natural Gas compared to last year.
Gold is also consolidating before it goes above $1300 again. Dollar has completed the 4th step down and it is ready to move to new highs against other currencies in the new step 5th up.
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