Tech-trac

Hold Off on New Gold Positions

The thing about H&S patterns is their drive for SYMETRY! In terms of TIME, the H&S BOTTOM is ALREADY in place & also the NECKLINE,altho downsloping, has been penetrated. The best case for bulls is for AU to find support @ the neckline. On a congestion only basis, AU hasn't had enough price activity below $925 to punch through resistance without a pullback...

Buy on weakness($875) seems in order..

The Shedlock-Schiff Affair: A Chronicle

I sympathize with Schiff! You can call the mkt turns accurately & STILL LOSE $$$$!

I moved to 40% cash in early #2008 & left 60% in GG & CFK. What was the result? Failing to use stops & committed to my plan, I TOO LOST $$$$'s!

GG $52-14 CFK $10-2...with the latter reporting a TRIPLE in its 4th qtr earnings...

The Hindenburg Omen: Crash Signal In Play

Mkts that break their winter lo's in JAN decline on avg 30%..
We did just that this year...

The DOW Util's formed the sme topping pattern as they did in #2001... As then, JUNE was an UGLY month...

While CASH may not be KING (yet) it does appear to be the Heir Apparent!

Natural Gas Inventories

ASAP is on to something & the move in NGAS since NOV ($5.25) to today ($12.70) confirms the need to speak in other than nominal terms!

RIGHT ON ASAP

Preparing for the Fall

Mkts that breech their winter lo's in Jan fall on avg 39%.
We had a 1st week in 2008 that was DOWN;a DOWN JAN;& NEGATIVE MoMo!

also the DOW UTIL's are tracing out the same topping pattern that it did in #2001. Then as it appears now JUNE will drop off of a cliff! The trigger? who knows, but the news will accomodate the trend!

Time To Abandon Stocks?

The mkt, adjusted for the BLS (aka B.S), is trading BELOW its #2000 level.

So this decade is closing in on a wash!

The Minotaur, the Labyrinth and the Icarus Rally

Witty insightful post followed by clever likewise witty responses.