This may be an intresting week. Gold made a bullish ABCD on H1, against daily bearish one, which were shown by Duane and Rat. Probably it needs one more leg up deeper into the PTA before a reversal.
JI
jimkane
Rep: 3,058
Posts: 33,089
Yeah, Barkley, this is an area. I'd love it to play out, but I think we are most likely headed for a new high to finish this 'bull' off. But, with the news that could hit, you never know. Syria, oil shock, war escalation, debt ceiling, FED, and on and on. So, you never know. But, I am not quite ready yet to fight the four and a half year trend...
JI
jimkane
Rep: 3,058
Posts: 33,089
Imagine new all-time highs on 15-year volume lows...
http://www.zerohedge.com/news/2013-09-09/us-equity-trading-volume-hits-fresh-15-year-low
http://www.zerohedge.com/news/2013-09-09/us-equity-trading-volume-hits-fresh-15-year-low
JI
jimkane
Rep: 3,058
Posts: 33,089
Anyone find this scary (and totally insane)?
http://www.zerohedge.com/news/2013-09-09/us-russian-naval-deployment-near-syria-update
http://www.zerohedge.com/news/2013-09-09/us-russian-naval-deployment-near-syria-update
JI
jimkane
Rep: 3,058
Posts: 33,089
Anyone notice the NDX and the Comp are just smokin' off at new highs for the entire 'bulls#%&' market? Look at the strength in the Russell and the MidCaps. How many times have I pointed this out, and the S&P follows along, lagging well behind. I think this is a good indication, once again, that the S&P will head to new all-time highs. We'll see. I wish it wasn't so, and if this is the last push the S&P may fall shy, but probably not.











