Weekend 10/24/2026
OK back on track, I believe our long termview is correct.All the DOW averages have topped. The rally was impressive as they are in bear markets.
The idea here is that a strong wave three is beginning. This makes sense given the negative mood of the election, throw the bums out. We should see a turn in at least the House which will lead to Trump investigations ad infinitum. ther is another article on the weekend WSJ on DEMS impeaching Hegseth. that takes a 2/3 Senate vote which would not happen but teh mayhem will abound.
NDX MAs Converge
Above three Moving Averages MAs converge as the trend starts down, note last April the opposite thing happened
RIG - Well Finally
Transocean finally broke out on another move up in crude oil. No other company in the world has an inventory of offshore rigs like RIG. It is trading for 76% of book value after falling to nearnothing near $2.00. MAs are bonverging here s well.
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