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Thanks ronblack, i've never come across this hurst indicator,seems useful Grandluxe: volume should come with price acceleration, just look at various commodity tops. Of course we are talking about volume in a relative sense,ie volume higher than the average before the move.

Yellen said that she sees no bubble, so maybe she want to show the world that she can create one! ;-) More seriously, yesterday price action in the S&P500 and some of the underlying sectors has increased significantly the probability of a blow off top. The move from February to the...

European Basic Materials Bottom line This sector has created a (potentially) bullish chart pattern. Prices have been falling since 2011 in both absolute and relative terms and have now the possibility to start moving higher on both terms (absolute and relative). Another brief correction (ie...

I got stopped out wityh my initial position. Not a problem,it means that we are in wave 5 and i have a target for the movement and a potential setup. More importantly, gold miners are tracing a 5 wave down move, close to compketion. The target for a move in gold miners is much higher than theone...

An acceleration on the downside in the next couple of days would in my opinion signal a wave 3 of the first move down. Have to check the monthly chart before i can say more. What do you think?

I think it is important to signal that FTSE and S&P are forming topping patterns on the weekly chart. Bottom line: monitor support levels closely because a break would mean that the cyclical (bullish) trend that started in 2011 has ended. analysis Both indices had...

I’ve touched on the subject before but today the similarities have increased even more! 1) In 2009 we had a very large reverse head and shoulder pattern (indications in red) in the S&P500 which signalled a potential bottom after the 2008 bear market. The right shoulder of this pattern was...

After the Fed announcement every single asset (apart from the USD) staged a rally. Some had a jump up and then drifted lower but others are still rallying very hard this morning. Precious metals are up between 4% and 7% this morning alone and gold miners yesterday had the highest volume day...

European Telecoms have returned in the news recently following a couple of very interesting deals, especially looking at the companies/people involved. More than the Nokia deal I am referring to Carlos Slim deal in the Netherlands...

Comment USDJPY has had a strong day today and managed to break above a significant short term resistance level (see chart1). If things continue to move in the same direction I reiterate my target of 110 (chart2 for the details). The Nikkei had a similar move today so this...

I didn't know UVXY, it is insane!! :D

fair enough! btw good job on your website, I really enjoyed the 2 interviews with Peter Brandt and the Lady Trader.

I used bars as a generic term, I use candles in my charts. volatility ETFs, you mean the VXX and similar ? or the volatility/strategies like VOLT?

of course shit is falling apart. And i also believe there is a non zero probability that we are going to see another 50-60% drop before this secular bear market is over. But I haven't seen a bar combination that signals a top. Of course it all depends on what your time frame is, mine is medium...

kjones, I think we can go up to 1460 before we roll over. I keep my longs with a tight stop.

Re, just needing an "event" what does that statement mean? We only need an event such as a meteor hitting earth for the human race to go extinct. Any hypothetical event can be theorized, the question is probabilities, odds and likelihood of various scenarios unfolding...

why the US would have the "highest probability"? because they don't realise that they have taken all the necessary steps in that direction. And you just need an "event" to precipate the situation with no return. Also I was referring to developed countries so I would leave China out of this and I...

"- the strongest combination of stable democracy / rule of law institutions and internal coherence (allowing for stabilizing fiscal transfers among various regions)" I would actually argue that the US have the highest probability of moving towards an oligarchic fascist state: 1) the legal...

:D :D :D "without the intent of making some type of return"??? pure ignorance...

I'll love the see the media talking (and explaining) the opposite : "technical buying". It nevers happens!:)