Stocks are in a complex of 3rd waves. Longer-term trades are justified. Bonds are acting as safe haven. Libor is still rising. Silver did not conclusively break it's December highs and has pulled back into a serious sell signal, breaking it's 90-minute M/A.
We are in primary 3 starting 4/26, intermediate (1) starting 4/26, minor 5 starting 5/13, minute 3 starting 5/18.
Silver's sell signal is the break of the M/A by .7%. It is also a completed 5th:
Steve,
ReplyDeleteI was telling a co-worker of your prediction/analysis of the coming 5 year bear market. And she asked well if he's right, what would he predict for the lows on the market averages? I told her I would ask you.
Charles
Charles
ReplyDeleteI'll put a price forecast into tonights' commentary.