Silver and gold — traps for capital

http://stockcharts.com/h-sc/ui?s=GLD&p=D&yr=2&mn=9&dy=0&id=p43220082674&a=255869372 Gold and silver are in extended downtrends.  Worse for gold it has just broken to new lows on a gap down.  Being long is an invitation to a diagnosis…

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V bottom, turn on a dime…

http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p99378568549&a=266398464 We saw the market turn on a dime Thursday, a reversal which is being confirmed today.  We immediately lifted our hedge and reestablished our UPRO (SPX) positions.  Readers who…

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Serious business…

http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p99378568549&a=266398464 The market is telling us to get serious.  Sailing leisurely over a great bull market is pleasant business.  But when you hit the Bermuda triangle you have to get…

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Fool me once, shame on me. Fool me twice…

http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p83257770514&a=266398464 The little downwave (or downwavelet) of early September puzzled us somewhat as we took it at first as an a-b-g-z (or a-b-c in Elliott speak) formation.  But then the…

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