DJIA. The bearish rally is now complete at 24,500. The next wave DOWN should take DOW below 18,000. Targets 17,400, 13,000 and 6,000. An epic slide..

The DJIA Elliott Wave analysis. Minor waves 1 and 2 complete. The next move is a drop towards 21,500 in wave 3.

Gold USD 1,000/oz? When?

The DJIA could rise to 25,000 but the bigger picture is tilted to the Downside. A dive below 20,000 should come soon.

Very toppish. Liquidated some positions two weeks ago and looking to go short. Corporate earnings estimates are projected to be lower by 30-50% by year end...the bear isn't done with this one.

@slick, no one has the capacity to manipulate any liquid market in the world. NO ONE (not even the Central Bank!).

Any company in Kenya installing 100% solar roofs

Developed world central banks manipulate liquid markets all the time.Yes its harder to manipulate a liquid market than an illiquid one but central banks have the firepower to push markets in the direction they desire since they can print fiat currency almost to infinity to pump up markets.Even the well respected Forbes magazine image below agrees with me



The US government bond market is the most liquid asset market in the world and the Fed massively manipulates this market and has been doing so especially after the 2008 GFC by buying several trillions of treasuries to keep yields suppressed below 1% currently for most bonds to lower borrowing costs thus enabling every Tom,Janet,Tesla,General Electric,US shale oil producer borrow at utlra low costs and build bubbles that have recently come under stress.Its gets worse in the Eurozone where the European Central Bank (ECB)-ECB owns over 1/3 of Eurozone bonds and Bank of Japan (BOJ) owns over 1/2 of Japanese bonds.The BOJ and ECB owns so many bonds that many bond yields flipped into negative territory.The BOJ has taken this a step further through measures like yield curve control ie e.g the BOJ has pegged the 10 year bond to 0% such that if the bond sells off and yields rise above 0% the BOJ will buy back as many bonds as possible to return yields back to 0%.A blatant manipulation by all accounts.The BOJ also buys stocks and is the biggest single player in the Nikkei





The April rally in the US stock market after the March crash is purely attributed to Fed money printing.There are no fundamentals backing that bear market rally other than Fed unleashing trillions of fiat currency to buy all asset markets and prevent a complete collapse.How can US stocks possibly been rising in the last few weeks yet the US has the highest Covid-19 infection and death rates,non essential businesses are under lockdown and over 30 million jobs have been lost so far?Its all about the Fed thus the US central bank is manipulating all asset markets buy buying government and corporate bonds,commercial paper,bailing out money market and hedge funds and indirectly buying stocks.Thats obvious central bank manipulation.






As I said,central banks dont have 100% control of markets but are by far the largest factor contributing to market moves.Technical (TA) and Fundamental (FA) Analysis isnt totally obsolete but central bank action reduces its efficacy.TA and FA are far more prominent in free markets.I have to admit that the Kenyan bourse is far more free market than Western markets because Opus Dei doesnt pull the shenanigans of mass money printing like first world central banks to prop up markets.Inevitably free market forces will reassert themselves in advanced nations and the current deflation is a free market natural mechanism to purge malinvestments and asset/debt bubbles but central banks are fighting the deflation by trillions of new fiat currency creation.Its this titanic struggle between the natural deflationary corrective mechanism vs central bank money printing inflationary response thats creating these volatile swings in markets

It has passed sh.100bn

DJIA. Ready for a wave 3 DROP down. Targets around 21,000.