The common notion of the common blah-blah of the common pundit is that ECB and US Fed are now in some Q-Eenfinity mode
Maybe yes, maybe no, let's just stay with prices and let the market lead us for market activity and let the pundits alone to their punditries
CRB seems to have put is a significant low and is getting to an area that may become an important test of a downtrend line, as I posted.
GLD has been doing well
This is a curve study on GLD
The last time the TOP Finder curve, dashed red line on the left, broke, GLD found support around the two purple support curves of 147-154 area
Now. as GLD has broken above a downtrend line and has had a few weeks of fast and steep rise, I have launched a new Top Finder curve, the dashed red curve on the right, as well as an early support curve which is now around 154
The previous Top Finder curve ran 99% before failing
Past behavior is not guarantee for future conduct, but it can be of some guide.
The most important thing, of course, is for GLD to stay above its recent low of 148, but, I would get suspicious if the current Top Finder expires too soon
If it is Print Ahoy with central bankers, then I would expect GLD to stay comfortably above its current Top Finder curve as well as its current support curve
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S&P 500 – May 15, 2012 - Bottom Line: Long term trend is up. Mid-term trend is down. Short-term trend is down Weekly S&P stage is Late Advance (2-C) Daily S&P stage is Strong Decli...
1 year ago