We believe that the USA markets are close to the largest rebound since Dec 31, 2013 This is because
the five steps of the first leg have been completed. See the chart for SPX . All other indices are showing similar kind of patterns After leg 2 is completed upto at least the previous 4th leg high on 30th Jan, 2013. Nasdaq and Russell 2000 may go even higher. Please take profits in TZA and other leveraged short positions.. You can see that on Jan 24 was the largest negative A/D ratio equal to 6.48.
yesterday we had Negative A?D ratio of 5.73. Thus we can assume that on 24th January we had Step (iii) of Leg 1 Down and yesterday was the step (V) of the leg 1. This will be followed by Leg 2 up and then the vicious down Leg 3.
We were one of the few people who gave a SELL signal for most markets around the world
NIkkei Has gone below 200 day moving average last night on heavy volume. Japan has been trying to devalue their currency big time but it is not working now. If you follow our book, you would have been out of Nikkei a couple of weeks ago.
FTSE May be ready for a bounce
the five steps of the first leg have been completed. See the chart for SPX . All other indices are showing similar kind of patterns After leg 2 is completed upto at least the previous 4th leg high on 30th Jan, 2013. Nasdaq and Russell 2000 may go even higher. Please take profits in TZA and other leveraged short positions.. You can see that on Jan 24 was the largest negative A/D ratio equal to 6.48.
yesterday we had Negative A?D ratio of 5.73. Thus we can assume that on 24th January we had Step (iii) of Leg 1 Down and yesterday was the step (V) of the leg 1. This will be followed by Leg 2 up and then the vicious down Leg 3.
We were one of the few people who gave a SELL signal for most markets around the world
NIkkei Has gone below 200 day moving average last night on heavy volume. Japan has been trying to devalue their currency big time but it is not working now. If you follow our book, you would have been out of Nikkei a couple of weeks ago.
SPY Ready for a Nice Rebound
DJI
IWM Ready to rally
TNA Ready to go up
TZA Take profits
GLD Ready to give SELL signal after failing to make new highs yesterday
NUGT Ready to give SELL signal
GDX Ready to give SELL signal
DUST Ready for a BUY signal Gold can go to as low as $1040 per oz.
SLV
DSLV
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