Monday, April 26, 2010

4/26 noon

Posting an important analytical tool in the Daily Commentary after the close today which accurately forecasts the bond market.  I have used it profitably for 2 years but it was not ready for publication.
Current count of 5th wave out of last week's triangle, which should be the final wave of the triple-zigzap for the rally from 3/9/2009.

4 comments:

  1. Steve
    Do you beleave we could brake that support before the week is out?

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  2. Critical support is rising along with it's M/A. Currently critical support will be broken at DJI 11,015. Since I1 peaks Thursday at the close and I assume that the stock market will rally into that peak, I would project critical support to be broken next week.
    Jack, just finished a major analytical project that kept me from posting this past week.

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  3. Steve,
    I have been (patiently) sitting on my hands and awaiting I1 to peak. One of the most difficult aspects of investing...patience. Hopefully this will be rewarded once the market reverses and moves sharply to the downside. The talking heads on TV make me angry at times when referring to the new bull market and how government has spared us from a global depression. I think they might be surprised very soon. Many thanks for your perspectives and research.

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  4. DJD,
    My goal is to provide as many people with the tools to fight back against the ongoing destruction of our heritage. The best way to defeat and turn back the progressive march into chaos is individual prosperity. We can all take part in the remaking of America if we can acquire the wealth and knowledge necessary to effect the change. The opportunity to change will come but the destruction must come first. Keep a charitable heart, an upbeat outlook, and a friendly demeanor. Along with knowledge and material resources these can change your world.

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