Tuesday Feb 18 , 2014 6:30 AM Pacific Time
The rally that we predicted correctly has been going on since Feb 5. Is it over yet? No. Unless we have distribution days by the big boys and large institutions and insiders, the rally will not be over. The distribution has to be on heavy volume without the market moving much for at least 4 to 6 days. See the chart.
So please refrain from taking new positions unless you want to be the sacrificial lamb. Do not sell on a down day. Wait for the peak and get out when the market is near the highs and preferably makes a new high which is news related.
DJI : We have added MACAD in all our charts. Please learn about it by googling it.Grey line has to go below red line to give a SELL signal and vice versa. There is no perfect Holy Grail that can tell you when to buy and when to sell. Every now or then you will be wrong but if you are right 80% of the time, you are doing pretty good.
The rally that we predicted correctly has been going on since Feb 5. Is it over yet? No. Unless we have distribution days by the big boys and large institutions and insiders, the rally will not be over. The distribution has to be on heavy volume without the market moving much for at least 4 to 6 days. See the chart.
So please refrain from taking new positions unless you want to be the sacrificial lamb. Do not sell on a down day. Wait for the peak and get out when the market is near the highs and preferably makes a new high which is news related.
DJI : We have added MACAD in all our charts. Please learn about it by googling it.Grey line has to go below red line to give a SELL signal and vice versa. There is no perfect Holy Grail that can tell you when to buy and when to sell. Every now or then you will be wrong but if you are right 80% of the time, you are doing pretty good.
SPY
IWM Still going higher
TNA Going higher may be to new Highs
TZA Will make new Lows soon
GLD Going Higher You need to worry about Gold and Silver manipulation by US Govt
http://www.paulcraigroberts.org/2014/01/17/hows-whys-gold-price-manipulation/ This is a very very good article. Will US GOVT take Gold down one more time?
GDX Gold Miners Continue to go higher. Candlestick chart has first bearish candle, but the stock can go higher. No SELL signal
NUGT Also first bearish candle. Going higher today
SLV
USLV
DSLV Going Lower to new lows
DJ TRANSPORTATION Not making New Highs. The rally is fake and will end soon after they have completed the distribution
QQQ Making New Highs but Distribution to retail has started
US Dollar Index Keeps on Going Lower
Gold April Futures MACD gave a Buy signal near the lows( Courtesy Kitco.com)
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