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06/15/2013 Weekend Update

kenttown
Posts: 211
Joined: Fri Jan 04, 2013 10:21 pm

Re: 06/15/2013 Weekend Update

Post by kenttown »

Bradleys turn date coming up on 22 June (+/- 1 week). It wasn't far off predicting 2007/2008 peaks.
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kenttown
Posts: 211
Joined: Fri Jan 04, 2013 10:21 pm

Re: 06/15/2013 Weekend Update

Post by kenttown »

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kenttown
Posts: 211
Joined: Fri Jan 04, 2013 10:21 pm

Re: 06/15/2013 Weekend Update

Post by kenttown »

Interesting front page NYT story re China over the weekend. Might fire up the bulls Monday.

http://www.nytimes.com/2013/06/16/world ... ities.html
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Al_Dente
Posts: 28535
Joined: Thu Jul 21, 2011 2:29 pm

Re: 06/15/2013 Weekend Update

Post by Al_Dente »

Dennis Gartman CNBC interview on Gold:

1. The high in gold is almost 2 years behind us.
2. We've failed to make a new high and broken many trend line supports.
3. Gold is a broken commodity and is likely to head lower, even with all the news of the Fed expanding reserves.
4. The first signs of support may well be $1,200. If it starts to break under $1,200, I’m sorry but there’s not much support until you get to $1,000

"The oldest rule in commodity trading is that if something can't rally when the news is bullish, it is a bear market."

http://finance.yahoo.com/blogs/talking- ... ylv=3?vp=1
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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Al_Dente
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Joined: Thu Jul 21, 2011 2:29 pm

Re: 06/15/2013 Weekend Update

Post by Al_Dente »

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Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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EvilTrader
Posts: 675
Joined: Tue Feb 15, 2011 2:40 pm

Re: 06/15/2013 Weekend Update

Post by EvilTrader »

Next trading days will be all about the FOMC.

I expect up before the decision, then who knows ! :o

:lol: :lol:
ALdaytrade
Posts: 1244
Joined: Thu Apr 04, 2013 12:55 pm

Re: 06/15/2013 Weekend Update

Post by ALdaytrade »

We have tested the trendling twice in June, does it usually break through on the third test?
TraderGirl
Posts: 5028
Joined: Thu Dec 22, 2011 2:47 pm

Re: 06/15/2013 Weekend Update

Post by TraderGirl »

This chart suggests we are in stage 4 of 6 stages...which indicates a possible move into commodities before an equity top forms...
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