IS THE DOWNTREND READ ON THE DOW NOW FOR REAL?
Also note that it would be wise to pay attention to the correlation of movement between the EURO and the...
Read MoreAuthor: Irving Johnson
A BEAUTIFUL UPTREND READ ON BANK OF AMERICA
One can only wish that every UPTREND READ was as beautiful as this one.
Read MoreA NEW DOWNTREND IDENTIFIED IN THE EURO
A DOWNTREND READ was identified in the EURO yesterday along with with BRITISH POUND. The only fly in the ointment here is the strength in the AUSSIE, which is still has an UPTREND READ and may have been further strengthened by...
Read MoreWILL A ROMNEY VICTORY LEAD TO A FURTHER DECLINE IN GOLD?
As you can see from the MASTERCHART, a DOWNTREND READ was initiated on Oct 22 and the question is, will a RONMEY victory lead to a continuation of the downtrend. The only fly in the ointment is that the STOCHASTICS are showing...
Read MoreA CHART OF GE AND THE AUSSIE BEFORE TODAY’S MOVE
Earlier, I had noted that GE and the AUSSIE were both uptrend reads before today’s price action. Well, lo and behold, below is a chart from the close of yesterday demonstrating exactly that. GE: Note that GE went into an...
Read MoreA RIPPER DAY AND A RISING TIDE LIFTS ALL BOATS
Obviously, the markets are more than satisfied with the decisions by the EU meeting. EURO, AUSSIE, POUND GOLD, and the DOW are now creaming any downtrend reads. The solid read on BAC and GE which were already in uptrend reads,...
Read MoreDOW MOVING UP, EURO MOVING DOWN
It is very interesting how the DOW is moving up in the face of a downward move by the EURO. At this posing the DOW is up over 82 and the EURO is down over 30. This is something to keep an eye on.
Read MoreA NEW DOWNTREND IN GOLD?
An uptrend read initiated June 14 at the 1630 level went absolutely nowhere. The TRENDHIGH was only 1639 and the TRENDBODYCLOUD never developed substantially. Failure by Ben to substantiate the rumors of QE3 is now leading to a...
Read MoreMind Boggling Price Action in Forex
This price action on the EURO and the downward pressure it is applying to the AUSSIE and the POUND is mind-boggling. When the EURO came in last night and went up to the 1.2660 area, my initial thought was, “Well, this...
Read MoreA KNIFE IN THE HEART OF THE UPTREND
Ben’s failure to actively endorse QE has put a knife in the heart of the discerned uptrend read in GOLD from 2 days ago. As noted then, interestingly, the “BOARD” consistently came up with a...
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