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I wanted to title this report "We got it!", that was by request actually, but you will see as we go through the charts that I cannot say that quite yet. Dont get me wrong, I believe that you will like the ingredients of this report, so let's get right to it...
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SPX - The SPX failed when it dropped below the Sept 12th lows, and has struggled under the 50sma and even the 10sma. It needs to prove itself, but it is struggling. The NASDAQ stocks GOOG, NFLX, AAPL, and others do look bullish, so I am just watching how this plays out over time. I am much more focused on the Gains that can be made in Miners.
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Alex - Chart Freak
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Alex - Chart Freak2016-10-19 10:03:372016-10-19 10:49:08Oct 19th – It’s In The BagWhen I am preparing food on the grill, I'm checking the temperature, watching for grill marks, looking for a change in color, and several other signs to know when the food is ready. In a similar manner, we have been watching various aspects of the precious metals markets and also looking for a variety of signs indicating when they may be ready for consumption. 🙂
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How do things look? Lets take a look...
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Alex - Chart Freak2016-10-18 03:35:342016-10-18 03:35:34I Believe That They Are ReadySPX -I believe that the general markets are going to roll over soon.
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Alex - Chart Freak2016-10-17 02:19:452016-10-17 02:19:45Oct 16th Weekend Report
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