Here is our key reversal table for next week: Weekly Current Mode Key (W) MoM (W) Weeks % Ch. Nasdaq 3,991.64 3,688.16 8.25 46 29.21 S&P 500 1,804.76 1,688.77 7.60 51 27.42 Nikkei 15,381.71 13,652.26 2.89 52 62.49 FTSE 100 6,674.29 6,488.00 3.53 19 1.98 DAX 9,219.04 8,639.53 8.22 19 11.91 Bonds (TLT) 103.91 108.11… Continue reading Key reversal levels for week of November 25, 2013
Category: Market Commentary
Why QE fails to start the economic engine
I get occasional questions about the quantitative easing (QE) programs that are being perpetuated by the world’s central bankers. Will it work? When? The idea of QE is to add some extra money-fuel to start the economic motor. This is really no different from priming an engine before you start it in cold weather. If… Continue reading Why QE fails to start the economic engine
The long term crash cycle
In a previous article I pointed out the possible existence of a 4666 day (= 666 weeks) and a 88.37 year cycle in the market. Of course, with only 200 years of observed stock market history we have little proof for it. One reader asked whether there are even longer cycles we could possibly consider.… Continue reading The long term crash cycle
Be a market agnostic
A lot of investors think they can only profit by correctly predicting where the market is going to go next. But some investors are actually doing very well by simply going along with what comes along. They follow the market rather than trying to predict where it will be next month, next year… More on… Continue reading Be a market agnostic
Testing the Jupiter cycle in stocks
A reader mailed me, criticizing my recent post Questioning Financial Astrology , in which I pointed out the problems with using longer term cycles. He is convinced that Jupiter cycle does work in the market and pointed to a post by Raymond Merriman, in which the Jupiter cycle gets mentioned. Quoting the relevant part: Historically,… Continue reading Testing the Jupiter cycle in stocks
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