I am looking with interest at your Palladium charts. Can you expand a little on where you think the high is, time frame until the high and where do you think it's going to end up? Thx in advance.
The odds are that price will reach a peak in September somewhere above Y but below the high at $573.6. I'm thinking the turn at around $540 but as long as $573 holds the pattern is viable. I then expect prices to free fall over the next several months by more than half, eventually below $200.
That's a hell of a bet :) That would indicate a major piece of bad news out of the car market is a coming. Do you see a similar setup in Platinum?
I am not versed in EW so I can't argue one way or another. However, Palladium being to cheaper cousin to Platinum has a lot more uses in the industrial world and I am betting it will double from here in a 2 - 3 yr time frame as more factories retool for Diesel engines and cheaper Palladium. Assuming we are not all eating squirrels for dinner at that point.
Last question: What's your chosen tool to short this?
3 comments:
I am looking with interest at your Palladium charts. Can you expand a little on where you think the high is, time frame until the high and where do you think it's going to end up?
Thx in advance.
The odds are that price will reach a peak in September somewhere above Y but below the high at $573.6. I'm thinking the turn at around $540 but as long as $573 holds the pattern is viable. I then expect prices to free fall over the next several months by more than half, eventually below $200.
That's a hell of a bet :)
That would indicate a major piece of bad news out of the car market is a coming.
Do you see a similar setup in Platinum?
I am not versed in EW so I can't argue one way or another. However, Palladium being to cheaper cousin to Platinum has a lot more uses in the industrial world and I am betting it will double from here in a 2 - 3 yr time frame as more factories retool for Diesel engines and cheaper Palladium. Assuming we are not all eating squirrels for dinner at that point.
Last question: What's your chosen tool to short this?
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