STATMAN'S midweek report. "WHAT'S WRONG WITH BITCOIN (6250)?" BULLISH signs for the DOW 25,588 (for now). And SUPER BULLISH GOLD SIGNALS...tick, tick ,tick

Good afternoon this Wednesday my friends. We've been quiet here enjoying summer in the mountains of NY before heading back to the Tampa, Fla. area. And really there is not much new to report since my last report last Friday.

Let's get to the bottom line: SENTIMENT is NOT GOOD!! When I said BUY the end of JUNE we were very oversold technically and sentiment was "decent" (the Daily fx numbers that have proven to be very, very reliable). Bulls to bears were about 65-35. That told me we had a good trading setup. I wrote at about 7500 I'd be a seller but we should be fine long term. You'll see me say (look it up) about 8400 tops. Of course we then had 80-20! And technically over bought. So, down we went. I did say I felt (more like hoped) low 7000's would hold. Wrong. Why? SENTIMENT!

We're are we at 6250. Sentiment is 77-23!! This is alarming and certainly we have no bullish case, but looking at the chart we'll likely have a "dead cat oversold bounce". I did expect the bears to jump in sooner. I will NEVER put a number long term as you find all over the crypto boards. Remember these experts in January keeping you in the market when I said get out at 15,000!! They were looking for 2-4000 when I said buy at 5850. So I'll watch the numbers and when they say buy, they say BUY!

No need to put up a fresh chart for the DOW now at 25,588. I said sell at 26,300 in January and Buy at 24,100 in late June. SENTIMENT is good (the put/call ratios). I did say the Trump bull market was over. If you sold in Jan. and stayed out you'll be happy this time six month from now, I believe. And we may like go to new highs first. There is a mess of huge proportions down the road. Stay tuned.

GOLD: Look closely at the VANGUARD Fund indicator!! This is hugely bullish. They'll be loading up on the metals about 500.00/oz. higher.!

The McClellan Chart above speaks plain language to me.

The wave chart above is what is going to happen and soon. My point is the great Ron ROSEN sees this happening in November and from about 1140. It has been long and painful the last couple of months and for many the last few years.

All indicators and SENTIMENT are now GO. TICK, TICK, TICK.

Thank you for your support. As always UPVOTE/RESTEEM/FOLLOW.