Inflation has been building since early last decade. All you have to do is look at a monthly chart of gold to see it has been rallying for nearly 10 years straight. It is the most sensitive to inflationary pressures and tells us there is trouble ahead this decade.
Technical Analysis Discussion Blog for August 2010 [View instapost]
Your cycle work has got me interested in learning more too. I have seen it in passing every now and then but never paid it much mind. I will be doing some reading myself. Thanks Eric.
I couldn't agree more. Its not about memorizing patterns but understanding the buying and selling behavior that causes those patterns to form. Very well said! There are a lot of amateurs who get caught up in the pattern recognition process and lose sight of whats important (I have to count myself in that category from time to time).
BTW you indicate that your cyclical trend score has been tested for at least the last 70 years. Do you have its performance available for scrutiny somewhere? Is it a black box like Richard Russell's primary trend indicator?
Yes what if August PMI AND the employment report come in much lower than expected (very possible at this point)? Friday's bounce was nothing more than that and September is shaping up to be a horrible one for stocks this year. That first chart is UGLY and tells me a trip down to 2009 low is in the cards.
Stealth Stagflation? [View article]
Technical Analysis Discussion Blog for August 2010 [View instapost]
A Stock Market on the Edge [View article]
BTW you indicate that your cyclical trend score has been tested for at least the last 70 years. Do you have its performance available for scrutiny somewhere? Is it a black box like Richard Russell's primary trend indicator?
A Stock Market on the Edge [View article]
Yes what if August PMI AND the employment report come in much lower than expected (very possible at this point)? Friday's bounce was nothing more than that and September is shaping up to be a horrible one for stocks this year. That first chart is UGLY and tells me a trip down to 2009 low is in the cards.
P.S. Good chart work Eric.