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Friday, February 28, 2014

Update For Friday Feb 28, 2014 6:30 AM PT

The markets have been going up and down in a process to distribute shares to retail investors. It appears the markets will make new highs moving towards one year long trend lines. Gold and Silver are also moving higher after consolidating for 4 days.

DJI   Will make a new high soon


SPY (one Year ) Can go up to the trend line  Today's correction will be followed by new highs


SPY ( 3 Months )
Nasdaq ( One Year Chart) Will go up to the trend line before major correction starts
QQQ ( one Year)  Going Higher

QQQ ( 3 Months)  Will make new highs
IWM Going Higher To reach the year long trend line  before a big  correction starts
GLD Going higher after completing 4 th step 
GDX Will start moving higher 
NUGT Going higher . Should make new high in Step 5 up
TNA Going higher to new highs
TZA Will make new lows

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