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Alex - Chart Freak2018-12-28 13:06:022018-12-28 13:30:42Friday December 28th- The BouncesThe DJIA was up over 1000 points yesterday! Now that's a bounce, in fact, I believe that it was the largest up day in the DJIA....Ever. I want to review what I mentioned in my last report. I had about 6 charts of the General Markets, so if you need to go back and review them all, I had a few in the beginning, and a few at the close...
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I pointed out the Capitulation type volume, 50 % Fib retrace, the 200 weekly MA, etc . and then stated...
After that SPX chart, I wrote this:
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" When I look at the Equity Market Sentiment ( FEAR AND PANIC), and I look at the Puts Call ratio, I Look at the cycle count, the Fib #’s, The number of stocks trading below the 50 & 200sma, and a number of other things etc etc etc, it really looks like we are very close to an ICL. I will have to watch how the first 2 daily cycle play out from there, but a snap back rally seems overdue. A 1-2 month rally in the General Markets would also fit in with a pull back for Gold into the next Gold ICL."
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Wednesday, we saw the DJIA rally up 1000 Points! - Well, that sounds pretty awesome, but it does feel like the Dow has also been giving up about 600 every few days, so is this what we have been waiting for?
Let's discuss how things seem to be LINING UP...
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Alex - Chart Freak2018-12-27 12:03:312018-12-27 12:08:33December 27th – Things Are Lining UpMonday was only a 1/2 day of trading, and in my weekend I mentioned that I found something interesting pertaining to the Miners that I thought was important to share at this time, so I want to devote most of this report to that discussion.
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Alex - Chart Freak2018-12-26 12:10:582018-12-26 12:10:58December 26th – A Report Discussing The Miners
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