Monthly Archives: January 2016
CHART OF THE DAY
WEEKEND UPDATE
If the panic continues early next week we could have the setup to finish the drop into the 7 year cycle low with an 87 style crash event.
GOLD UPDATE
Gold appears to have completed it’s daily cycle low. It needs to rally violently to $1140 in the next couple of days or this will just be another bear market rally.
Market Wrap Jan. 14
I doubt we’ve seen a final intermediate cycle low for stocks or oil.
MARKET WRAP JAN. 13
The more the PPT meddles in the market the worse it’s going to get.
CHARTS OF THE DAY
MARKET WRAP JAN. 12
Oil probably still has another couple of weeks before a cycle bottom, but once that low forms there’s a good chance that will mark a final 3 year cycle low.
MARKET WRAP – GOLD
Gold appearsĀ to be moving down into a daily cycle low.
THIS IS NOT THE BEGINNING OF A MULTI-YEAR BEAR MARKET
Extreme right translated multi-year cycles are not how extended bear markets begin. They often end in some kind of crash, but bear markets don’t start with a crash.