Update For Friday Aug 28, 2015

As expected  the market has been going up in the 4th step up. This rally may not be over yet. We are coming near to the start of a new month and usually it is bullish but this time it may not be.

Not all stocks will go down to new lows in the 5th step down whenever that step starts. As expected energy stocks are having a nice rally.

Gold stocks have been consolidating and have started going up and will go above recent highs soon.

Looking at SPY it has recovered more than 50% of the decline. Next stop is around 61.8% of the recent decline.

Posted by Unknown 0 comments Continue Reading

Update for Wednesday Aug 26, 2015

We have had unprecedented volatility in the market. the step 4 up of the 3rd Leg down is struggling to hold its gains. Ether we are going down in step 5 down to make new lows or the step 4 up has not been completed yet.China is doing more QE yet their market keeps on going to new lows.

It is likely that step 4 up has not been completed yet. We are taking a neutral position here even though energy stock are making new lows. Gold stocks have weakened yet Gold itself is trying to consolidating nd rally in Gold may not be over yet.
All commodities are going down because of deflation around the world and lack of demand from China and other developing economies.

Posted by Unknown 2 comments Continue Reading

Update For Monday Aug. 24 , 2015

The markets around the world are having a massive decline. We predicted on Aug 12 that it was your last chance to get out.  Our near term support level is October lows. The markets everywhere have been going down in Step 3 down in this leg One down. We should soon have a step 4 up move which will be pretty strong but then it will be followed by a new low in step 5.
Only then we will  have a better rally.
We  have a bear market now and that will last at least 2 years no matter what the central bankers do. Eventually we will have bigger percentage decline than we experienced  2007 to 2009. You have to remember that at that time we had interest rates  above 5% and Central banks could go below to 0 percentage. Right now we are near zero percentage . Where can we go from here?

Gold  will rise when currencies around the world are falling apart. Oil and Gas are going lower but will also have rallies soon before falling lower again.

Posted by Unknown 0 comments Continue Reading

Update for Thursday Aug 20, 2015 Premarket

We told you on Wednesday Aug 18 Premarket that that was your last chance to get out of stocks. Since then we have had the largest 3 day decline in two years. The decline is not over yet. Commodities are making new lows because of deflation around the world. Chins is going down in the 3rd leg down and Asian stocks are going down with the Chinese stocks. Euro zone stocks are going down as well because they are also just printing more money. Greece problem has not been solved but it has only been pushed further into the future.

Precious metals are moving up nicely and Gold and Silver are going even higher.  Dollar has been going down in its 4th step lower but soon it will start rising again and will make a new high in the 5th step up making new highs. SPY stocks have been going up  not because the sales of the companies are going up but fake earnings are going up as the companies have been buying their own stocks to manipulate their earnings just like US government has been manipulating showing reduced unemployment rate even though real unemployment rate is more than 15%. How long they will keep on  fooling the masses?

Posted by Unknown 0 comments Continue Reading