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Hi Bouraq, hope your recovery back home is more comfortable than the hospital... from your latest chart, it looks like the tendency to move higher to the next resistance for SPX, DOW and RUT is strong... so if SPX moves to blue resistance, it's doing all time high and that should coincide with Tony's first count which is extension of int V or P3...
I feel much better at home but it's still a bit painful doing everyday's ordinary things. The crutches are giving me a hard time but I will survive. Yes, Tony's predictions usually coincide with some of the resistances I post which gives more confidence.
Hi Bouraq...this is Anonymous---wishing you a quick and total recovery. (Read about it on OEW).Me? Another birthday on Christmas but a decent year in the market.Gold never really did get going...stocks look like they ll be artificially propped up for some time.It ll take a huge black swan event to stop all this--or a total end to QE in the world.Merry Christmas and a much better New Year to you and yours.Cheers!!!
Thanks Anonymous. I'm doing better nowadays. Gold seems to be stuck in a dark place and cannot get out of there for quite a while. US equities has been really something to wonder. Even the wildest bulls didn't predict this. I wouldn't be surprised if we hit 2150 in 2015. Happy birthday and a happy new year to you.
Hi Bouraq, hope your recovery back home is more comfortable than the hospital... from your latest chart, it looks like the tendency to move higher to the next resistance for SPX, DOW and RUT is strong... so if SPX moves to blue resistance, it's doing all time high and that should coincide with Tony's first count which is extension of int V or P3...
ReplyDeleteI feel much better at home but it's still a bit painful doing everyday's ordinary things. The crutches are giving me a hard time but I will survive. Yes, Tony's predictions usually coincide with some of the resistances I post which gives more confidence.
ReplyDeleteHi Bouraq...this is Anonymous---wishing you a quick and total recovery. (Read about it on OEW).Me? Another birthday on Christmas but a decent year in the market.Gold never really did get going...stocks look like they ll be artificially propped up for some time.It ll take a huge black swan event to stop all this--or a total end to QE in the world.Merry Christmas and a much better New Year to you and yours.Cheers!!!
ReplyDeleteThank you for your excellent work.
ReplyDeleteThanks Anonymous. I'm doing better nowadays. Gold seems to be stuck in a dark place and cannot get out of there for quite a while. US equities has been really something to wonder. Even the wildest bulls didn't predict this. I wouldn't be surprised if we hit 2150 in 2015.
ReplyDeleteHappy birthday and a happy new year to you.
Thanks Steven. Why do you think EEM should bottom here? I wouldn't hold my breath on that. It recently broke down some pretty significant supports.
ReplyDeleteHi Bouraq-
ReplyDeleteNot a good day for gold, has your blue channel been broken of do you still consider it support?
Hi Tkuz,
ReplyDeleteI would give up my bullish view below 1165. The red declining channel's lower band should hold as support if gold wants to revive from here.