Market Update

Market Update

The markets next turning point is the third week of January and a new panic volatility cycle starts the following week. This means the recent countertrend bullish rally we have seen is typical. If we rally into the week of 01/21 and we do not achieve a Weekly closing...
Year End Market Notice

Year End Market Notice

Dow Jones Industrial Average The technical resistance for a bounce stands in the 23769 area for now. The 2017 closing was 24719.22 and the 2017 high was 24876.07. A lower closing for 2018 will warn that the market is entering 2019 weak. A closing for the 31st below...

Bouncing Rally

People panic before the close of a market in fear that when it reopens it will crash further. This standard knowledge and reflects the anticipation factor so the big rally reflected the fact that the markets moved down too much too fast but the Dow held the 21600...
Market Volatility Warning!

Market Volatility Warning!

The Dows main support remains at the 21600 area. Should it break that level it will test 21495. Taking out this area on a year-end closing basis will point to a drop to 19135 area! The prospect for a low does not come into play until January/February. DO NOT FIGHT...