Category: Trading Articles

$INDU- 16405.2 target + possible ending diagonal Update 10/29/14

$INDU is poised to break the lower trend line of a large rising wedge- see the following 43week daily chart.

Read more: $INDU- 16405.2 target + possible ending diagonal Update 10/29/14

  • Written by Gary Caumont

Category: Trading Articles

Dec NQ's- 4071.25 target Update 11/18/14

Another megaphone taking shape ? - see the following 12 day 30min chart.

Read more: Dec NQ's- 4071.25 target Update 11/18/14

  • Written by Gary Caumont

Category: Trading Articles

$SPX- 1955.9 target hit Update 10/29/14

Bulls need to hold here- see the following 5wk hourly chart.

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  • Written by Gary Caumont

Category: Trading Articles

$Gold- 1194.4 target hit Update 10/11/14

Last Friday we hit but did not confirm a 1194.4 target (close was 1191.1)- see the following 18-month daily chart.

Read more: $Gold- 1194.4 target hit Update 10/11/14

  • Written by Gary Caumont

Category: Trading Articles

Pulling in the Horns

The last pullback of significance is the U.S. equities was just about 3 years ago and that came after a huge run up off the 2009 lows. That's a long time to steadily march north without any pullback of size. During those three years we have but a handful of neoclassical structural setups that called for caution. The last problematic structural setup was in April of this year which, as usual, was arrested by another central bank (the European Central Bank) moving to buy bad debt and push fresh Euro's into the marketplace. Of course, the result was a boost in equity prices around the world yet again. Yet, six months later, here we are again, and once more the structure that can lead to large declines is once more staring us in the face and urging us to pull in our horns.

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  • Written by LA Little