A couple of minor technical problems called “business” and “life” have now intruded on my increasingly bogged down publication schedule that, in the interest...
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Posts Tagged ‘ Confirmation ’
Euro zone to prepare for Greek exit scenario: sources | Reuters
(Reuters) – Each euro zone country will have to prepare a contingency plan for the eventuality of Greece leaving the single currency, euro zone sources said on Wednesday. Officials reached the consensus on Monday afternoon during an hour-long teleconference of the Eurogroup Working Group (EWG). As well as confirmation from three euro zone officials,...
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JPMorgan Shows Need to Curb Overseas Swaps, Gensler Says – San Francisco Chronicle
New York TimesJPMorgan Shows Need to Curb Overseas Swaps, Gensler SaysSan Francisco Chronicle(Updates with Gensler confirmation of CFTC investigation of JPMorgan in fourth paragraph.) May 21 (Bloomberg) -- Derivatives losses of at least $2 billion at J...
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Do bears do their business in the woods, or on The Street?
The market extended its little tear on Thursday and looks good for at least a test of the highs, with an initial projection of 1413 on the 4 week cycle. The 6-7 week cycle is now also clearly in an up phase. A 6 month cycle upturn is overdue but there’s no confirmation yet...
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SPX and Oil Update: The Market Appears to Have Finally Reached the Tipping Point
Who remembers Sniglets from HBO's series, Not Necessarily the News? Sniglets are words that should be in the dictionary, but aren't. One that sticks with me from my youth, and which comes to mind now, is:
Pielibrium - n. The...
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Stock Market Down Phase That Didn’t Go Down May Be Finished
The market is in a time window for a 6 month cycle upturn. Today’s action hints at the beginning of that turn, but there’s no confirmation yet and the bottoming process could be complete or take several weeks. The preceding down phase did not go down in absolute terms, the market just slowed its...
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SPX, RUT, and CVX Updates: We’re Experiencing a Temporary Shortage of Creative Article Titles… Please Stand By
The market did very little on Wednesday, which is actually a somewhat encouraging sign for bears. To some degree, one can gauge who's in control by simply looking at which price direction the market is stug...
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SPX and RUT Update: Not Much to Add
Some days you look at 30 charts and still conclude there's just not much to add. Today is one of those days -- for a more broad overview, please see yesterday's article.
Both potential short-term counts were expecting a turn, and tha...
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SPX, RUT, NYA, NDX Updates: A Major Turn Draws Near
Yesterday, it appeared reasonably likely that a little more upside would occur on Monday, and that did happen, although the market exceeded my ideal top-end range by a couple points. What can I say: it's not an exact science.
Go...
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SPX Update: That About Sums It Up…
Well, yesterday cleared up the counts quite nicely. The bullish trade trigger at 1374 elected and from there, the market pretty much traded straight up with zero drawdown. That trigger targets 1408.
We now have solid confirmati...
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Bernanke Talks His Book
Bernanke’s testimony to the House last week and to the Senate yesterday held no surprises. Ben has promised to maintain monetary policy at DEFCON 4 levels for as far into the future as we can see.
The prepared remarks were identical for both present...
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ECRI Recession Call: Growth Index Virtually Unchanged For 7 Weeks
ECRI Recession Call: Growth Index Virtually Unchanged For 7 Weeks
by: Doug Short January 2, 2012
The Weekly Leading Index (WLI) growth indicator of the Economic Cycle Research Institute (ECRI) posted -7.6 in its latest reading, data through Dece...
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Are We Really Seeing The Death of the Gold Bull Market?
Commodity expert Dennis Gartman certainly struck a nerve in the financial community as word hit the street of his call on gold in the latest Gartman Letter (subscription required). Here is the gist, as reported by Bloomberg:
"Since the early autumn h...
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Major Trend Bullish Confirmation a Bad Dream for Bears
Barring an immediate and dramatic decline, cycle screening measures have sent a major trend bullish confirmation signal.
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SPX Update: Crash Wave Ready; Confirmation Still Pending
There's been no material change in the counts since yesterday's update, however, I have narrowed down some possibilities for the current retracement rally.
(If you're new to the discussion, or to Elliott Wave Theory, it would&nbs...
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SPX Update: Looking for Confirmation of the Crash Wave
On Tuesday, my readers and I were pretty much all alone, looking for a top. How things can change in a day! All the sudden, the masses seem to be waking up from the drunken euphoria of Wave (2) and realizing the world doesn't lo...
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SPX and NDX Update: Bears Defended the Critical Levels on Monday
Nobody ever said picking tops was easy (or if they did, they need a stern talking-to).
Yesterday, I discussed the fact that the Nasdaq 100 (NDX) had previously gapped directly into my target zone, and that the bears neede...
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SPX Update: A multi-month counter-trend rally begins, 10-4-11
It appears highly likely that the Wave Minor (1) decline ended today at 1074. From here, I expect a large counter-trend rally, which will ultimately become Wave Minor (2). My preliminary target for Minor (2) is 1265, but as the wa...
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SPX Update: 10-3-11
With the new low today, the market has finally fulfilled the move we've been expecting since early August. We now have confirmation that a new bear market is in place -- although this has been our opinion all along. It i...
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Bear Market Rules Apply
09/02/2011
Bear Market Rules Apply
by Carl Swenlin
It is a concept that we stress on a periodic basis, and we got another illustration this week. Technical indicators must be interpreted within the context of the overall market trend.
(This is an ex...
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U.S. Housing Crisis Now Worse than Great Depression
It's official: The housing crisis that began in 2006 and has recently entered a double dip is now worse than the Great Depression.
Prices have fallen some 33 percent since the market began its collapse, greater than the 31 percent fall that began i...
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More Hints of Strength
The market gave more confirmation of a short term cycle up phase on Friday.
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Bennie’s magic correlations
VXO hit new low since June 07 today on April 20 2011
US dollar is testing crisis lows of 09
One indicator would imply all is well, while the other implies we are in deep crisis. Sweet. (And FWIW, Bank index BKX is red YTD and totally spooking me as...
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Someone is reading my thoughts…tinfoil hat time
Earlier discussion on secure forum:
Posted: 20 Sep 2010 01:13 pm Post subject: Recession over in 2009
Yogibear101
--------------------------------------------------------------------------------
...it's about over for the 80,000 brokers an...
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Non Confirmation! Professional Edition
Cycle based stock screening data weakened in 8 of the 9 measures and was unchanged in the ninth. Click here to download complete report in pdf format (Professional Edition Subscribers). Try the Professional Edition risk free for thirty days. If, within that time, you don’t find the information useful, I will give you a...
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Taking and Managing Risk- Professional Edition
The market finally gave a little ground amid initial signs of an intermediate top. Confirmation signals often come too late to enter a trade. This is where taking risk and managing risk come in. Click here to download complete report in pdf format (Professional Edition Subscribers). Try the Professional Edition risk free for thirty...
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Bullish and Bullisher – Professional Edition
Cycle based stock screening data was mixed, with a slight tilt to the plus side on Friday. The most important change was that 6 month cycle status now has a majority on the buy side, confirmation of an up phase in that cycle. Click here to download complete report in pdf format (Professional Edition...
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Bullish Bears Everywhere- Professional Edition
The extension of the rally triggered further confirmation of a significant upturn of intermediate duration. Click here to download complete report in pdf format (Professional Edition Subscribers). Try the Professional Edition risk free for thirty days. If, within that time, you don’t find the information useful, I will give you a full refund. It’s...
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SPX Update: Shortest Update Ever
Today's update is going to be very short and sweet, due to time constraints I ran into with some family issues. There are two reasonable ways to view the most recent action, as shown on the chart below. The good news for bears is that the rally ...
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