Friday December 28th- The Bounces

 

DJIA -  We had our 1000+ Point bounce

   

I had been discussing the Fib Retracement , sentiment, timing for an ICL, Put Call ratios, etc, so we knew that we were due

DJIA - I mentioned that it could be choppy or V-Bottom,   but the lows should hold,  so you can buy the reversal or buy it if it dips, with a stop under the new lows.

DJIA -  The Dow dropped 600 points, and recovered by the close.  So...

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December 27th – Things Are Lining Up

The 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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December 26th – A Report Discussing The Miners

Monday 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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