June 12, 2013 Leave a Comment
1. S&P daily and weekly. daily – annotated possible rally done OR another new high to finish, breakdown levels noted. Ou analysis is a combination of classical technical analysis, Wyckoff Wave, and Elliott Wave theory. …
2. Bonds - Daily and Monthly. Noted QE start dates roughly on the weekly. QE3 is all in for the fed on historic highs, those buys will not be pretty. H&S top noted on daily. World-wide 300-400 year bond market highs by some analysts best estimates.
3. DX - perhaps an irregular abc ending here, but this chart has LOST it's clarity. 81.00 is the area of old highs, now support. We did use a very tight 82.40 stop last week, so minimal damage.
4. Gold - inflation or deflation? or both? Major support 1200-1300 centering on1230-1240. This price action since the 1325 area lows sure feels like a 4th wave triangle 5th coming shortly. s-t sell point 1450 on this theory.
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