DOW - JONES up 346 (25,146) Rallies as expected! What's next for the overpriced juiced-up index? BITCOIN again stalls near resistance. STATMAN'S commentary.

Good evening my Steemian friends. Well we have a little excitement today with the Dow up 346! Been following Statman?
WE said sell in Jan. (26,000 plus) buy in April right at the low of 23,500. We sold close to 25,000 and so on. See the chart below, compliments of Barchart.com.

We'll comment on Bitcoin here, (then back to the DOW)!. See its chart above as well. (Barchart.com). We called sell at 15,000 in Jan. Did not catch the low but bought 6950, and sold at 9750. All documented in prior reports. Oh yes..we have also forecast the TRADER'S BOUNCE, that is, the 7150 to about 7600 bounce we called quite recently. And I'll reiterate, I look longer term. I want and usually spot the major turns. No, we are not "followers"..you can find them all over these blogs with 5 charts per day!!(lol). IN 37 years of trading (and as a professional) I read sentiment as it relates to performance and of course support and resistances levels and I'll say again, BTC will not do a thing upward with almost 80 percent of traders long. Thus it stalls around 7700. It is trying valiantly to punch higher. The risk remains to the downside.

Now back to the DOW! This is one juiced-up market in its last legs of a major top. How on earth can I say this? We have a booming economy (they tell you). We are at historic PE (price earnings ratios) on the high side. (about 25-30 times earnings). I wrote last week (24,500) get ready for a nice strong bounce as sentiment turned quite bullish! We may in fact reach 26,000 again. This is the intent of "the powers to be". Use this strength to sell. The upcoming tariff fiasco and currency war with China will lead to dollar weakness as well as inflation and higher interest rates. This is a lethal combination. An economic downturn of major proportions is on the horizon.

It is the precious metals that are soon to come to life. You can see the signs right now (if you know what to look for). I have elaborated in depth in recent reports. Seasonality is about to kick in and shorts are being covered as I write by the "commercials". You are likely to have a fine autumn IF you keep stacking and exit equities.

Thanks for the visit..UPVOTE/FOLLOW/RESTEEM...and remember, the opinions above are mine. Do your own due diligence, please.