The markets will go slightly above recent highs before starting the downtrend. Gold and Silver are making new lows. Energy related stocks will have a slight rally today before resuming their decline again.
DJI
SPY
IWM
TZA
GLD making new lows
DUST Going Higher
XLE
Consolidating today
ERY
Posts
3 comments :
Dr. Kapur. I think you are gut feeling your own rules about being long or short. All technical signs were for a rise (maybe temp.) in the r2000 before the down fall. Is there an elliot wave piece I am missing?
you are absolutely right but the decline that is coming is going to be so huge that i was too lazy to go long even though in my blog i recommended the right action. Soon we will get back all the decline in our motif.
Dr. Kapur, do you look at Fibonacci trading days as part of your technical analysis? For example, if there are 100 trading days between two lows, then there is a likelihood of 161 days (1.61 x 100) being a swing point?
Post a Comment