drbubb Posted January 6, 2009 Author Report Share Posted January 6, 2009 From DrB's Diary, where I talk about day-to-day movements Scotty, More Power ! SPY ... update We had 5 days of rising stocks last week but it came on light volume. By Friday, SPY had risen to near the important 76d.MA. But it simply lacked the power to push thru that level. So yesterday came up and touched the MA (at SPY-94.55) and fell back by a small 0.12% for the day, to close at $92.85. Volume remained below average, but it was heavier than on the rally days preceeding it. Stocks will need some upwards volume to push thru the MA convincingly. It si interesting that the first 5 trading days are considered an important test, giving a valuable signal for the year as a whole. I would certainly like to see the 76d.MA exceeded on healthy volume before the week's end. A failure to do so, would be a negative sign, and would demoralise the bulls. By contrast, HK's Hang Seng has pushed thru it ... update But EWH, the US-traded etf for Hong Kong has not pushed through. GOLD : Both gold shares (GDX) and gold (GLD, the etf) are well above their 76d.MAs. However, GLD is now struggling to break through the critical 1 year/252d.MA now. We are in a critical week, methinks. Link to comment Share on other sites More sharing options...
drbubb Posted January 23, 2009 Author Report Share Posted January 23, 2009 Does History Repeat? ........ GOLD in the 1970's ........ Gold since 2005 ... update : Gold from 2001 ........ Link to comment Share on other sites More sharing options...
Jamus Posted January 26, 2009 Report Share Posted January 26, 2009 Does History Repeat? ........ GOLD in the 1970's ........ Gold since 2005 ... update : Gold from 2001 ........ Dr Bubb, I am slowly getting acquainted with your graphs, charting etc But would you be kind enough to point out what your getting at here? Cheers Link to comment Share on other sites More sharing options...
1waving Posted January 27, 2009 Report Share Posted January 27, 2009 One possible count, maybe slightly untidy with waves iv and i crossing a little, but may be looking at a near term corrective phase. Upper trendline resistance dates back to the peak in March '08, would be a positive if that resistance was broken prior to any corrective phase Possible wave v of 5 to come to break that trendline. Link to comment Share on other sites More sharing options...
drbubb Posted February 26, 2009 Author Report Share Posted February 26, 2009 I have been warning people they should lighten up on gold for 2-3 weeks now ETF holdings at all time high, chart: http://www.jsmineset.com/wp-content/upload...f-2-20-2009.pdf A parabolic move. That wont be bullish, if they suddenly decide it is safe to go back into the stock market, and they sell their gold to buy stocks. Link to comment Share on other sites More sharing options...
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