http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=0&mn=6&dy=0&id=p38955316076&a=266398464 Old highs represent resistance, and that is where the SPX got its nose bobbed in an attempt at a new high. We are probably in for a downwave now.…
http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=0&mn=6&dy=0&id=p38955316076&a=266398464 Literally a nose to supersede three important wave highs: 2080, 2104, 2116, labeled on the chart as a,b,c. Distance is less than a nose: .015, .026, .o32. When the…
http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=0&mn=6&dy=0&id=p38955316076&a=266398464 There is a wealth of information here, none of which foretells the future. On the ambiguous side the upwave now in process is strong, 35 days, 12%, with 14…
http://stockcharts.com/h-sc/ui?s=GLD&p=D&yr=0&mn=9&dy=0&id=p60546422961&a=255869372 Gold has convincingly broken out of its triangle. We remain skeptics, but you can't fight the chart staring you in the face and the markets haven't got the zika…
http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=0&mn=6&dy=0&id=p38955316076&a=266398464 8 days ago (11) in what we jokingly referred to as "three gazelles leaping" the market gave us three power bars. The strength and power (and rarity) of this…
