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The gold price has accomplished a feat so huge that it may never ever be seen or repeated again for at least half a century or more.  So if you are reading this, pay attention because you will probably never see a pattern like this again in your life time.  The gold price has formed […]

I have written about the Dow Jones Industrial Average before. I also made a gutsy prediction that the DJIA would hit 14,000 by February 25th, 2007 . I still stand by that forecast.
But first things first. Clearly in order for the DJIA to get that far, the first thing it has to […]

For about half a year I have been watching and observing the Coca Cola stock price. Needless to say this is a very slow moving stock and for good reason, it has 2.25 BILLION shares in the float. Definitely a beast or dog to the hot blooded trader. However, what I am […]

I still think a huge move is coming for the Dow Jones Industrial Average. Not a one day wonder, but more like a steady sloping upward trend.
There are a huge number of buy stops just above 11,000 , that once activated will send the market a lot higher than most people probably believe at the […]

I just wanted to say a few words about the general broad market (Dow, Nasdaq and S&P). I will keep it short, but felt it was important to mention for the simple reason that knowing the primary direction of the TIDE in my experience is very important for the individual trades and individual stocks. If […]

I am going to post a chart here which should give you a rock solid dose of long term thinking. Ponder for a moment your long term opinion on the market.. do you have one? Bearish, Bullish or in between? It goes without saying that a fairly confident long term forecast can help […]

The S & P 500 powered down with volume today.. Quite heavy volume too. A test of 1163 is starting to look like a very good possibility now and would at least open up the possiblity of that reverse head and shoulders pattern setup I mentioned in an earlier posting.
After looking more carefully at […]

We are about to see some fireworks in the Gold market in July August and September and likely October, November and December as well. Gold during the last 6 to 9 months has been an absolute SLEEPER in terms of price action. Small price ranges, slow price movement and BORING price action.
But behind the […]

I am still open to the possibility of a reverse head and shoulders pattern being created on the S & P 500 index.
Today we declined on big volume from the highs and makes me think my previous article of ’summer doldrums’ could be kicking into effect thereby delaying the big upwards breakout in the S […]

Whether you are a beginning trader just starting to get the feel for the business and making your first trade, or an experienced pro unfazed by anything the market throws at you, chances are that you are still susceptible to the emotional highs and lows of your day to day or month to month trading […]