13 thoughts on “CHARTS OF THE DAY

  1. Yogigyani


    Shouldn’t gold need to go 700 and like Nasdaq in 2003 level from top? When bubble burst how much percent they give up from top?

    1. gary Post author

      It needs to breakout of the trend channel and deliver 100% or more in a year or less.

      Oil did 200% in a year and a half, and over 100% in the last 6 months.

  2. jack

    hi gary, you say biotech needs to go up by 100% in one year to anywhere near a top

    Gold in 2011 did not go up anywhere near this level but it still entered a bubble?


    1. gary Post author

      I don’t count gold as a true bubble. Maybe a mini bubble. That was just a powerful C-wave top. The real bubble is still to come IMO.

  3. Bob UK

    Where is all this European QE going to go?

    Into European stocks? Will Europeans banks use it to buy European stocks? Or will they spread it out to Japan, UK and US markets?

    I think non-European markets will benefit from the European Central Bank’s money printing starting in a few weeks.

    1. gary Post author

      That chart just shows the outperformance. IBB hasn’t even broken out of its trend channel yet.

  4. Caumsett

    So, Gary, is it not a bad idea to cut my steep losses in my energy positions and move into IBB? Or wait for the next SM ICL to get on the biotech train?

    1. gary Post author

      It’s a bit late to buy IBB now with not much room till it runs into the upper trend channel. It might be better to wait for an ICL.

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