Markets Have Gone “Thelma and Louise”
By: Gary Christenson
GoldSeek.com
Friday, 23 March 2018
The movie “Thelma and Louise” was released in 1991. One theme it discussed was “crossing over” or going beyond the point of no return. The consequences were tragic.
Markets occasionally experience “Thelma and Louise” (T&L) moments when they “cross over” into a new phase. The results are usually traumatic. Now is a good time to call Miles Franklin to convert over-valued digital assets into real silver bullion.
Thelma (Geena Davis): “… something’s like crossed over in me and I can’t go back…”
“Thelma and Louise” moments or T&L moments occur in markets when:
1.Market prices have moved rapidly higher and almost vertically. Such vertical or parabolic moves are unsustainable, but the degree and timing of the correction or crash is unpredictable.
2.Technical indicators such as the RSI (relative strength) are very high and turn downward.
3.Market prices fall below a rising support line.
The Rest…HERE
