A few days ago I said this rally is on it’s last legs
Well, Peter Schiff agrees with me:
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Confusion… The State Of The Stock Market
1 week up, 1 week down. That has been the trend since the beginning of October. A look at the weekly chart for the S&P 500 is enough to make anyone’s head spin. Last weeks high hit the 38.2% retracement level from the mid-August high’s and immediately turned around.
Both [...]
With the Federal Reserve cutting the discount rate 50 basis points to 1%, it remains to be seen if this will loosen up the credit markets. There remains a great deal of mistrust among banks and borrowers at the present time, and until that changes, we would look for the economy to limp along
The sharp [...]
Yesterday I posted my technical analysis of gold in response to an article I read on DollarCollapse.com.
Today, Adam Hewison, President of MarketClub.com, sent me an email with a video of his technical analysis of gold. This video gives a free demonstration of the MarketClub trade triangles; check it out:
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Hi, this is Adam Hewison. I [...]
Down, Up, all over the place,whacky, insane, delerious, nuts…. Yup, the market was all of those things this weak. In yesterdays market forecast I mentioned that follow through on buying today would mark Wednesday’s drubbing as a market bottom. WHEW….
After all was said and done, all of three big market indexes posted gains! No, seriously!
However, [...]
