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Post by simonsays on Jun 27, 2014 7:43:42 GMT -5
Here's an interesting take on Q1 GDP revisions: "Under reported inflation will result in overly optimistic growth data, and if the BEA’s numbers were corrected for inflation using the BLS CPI-U the economy would be reported to be contracting at a -3.51% annualized rate. If we were to use the BPP data to adjust for inflation, the first quarter’s contraction rate would have been an horrific -5.62%." dollarcollapse.com/inflation/theyre-lying-to-us-part-2-gdp/ |
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Post by simonsays on Jun 27, 2014 8:19:47 GMT -5
Likesmoney observes that it appears miners may have a shallow DCL that corrects in time rather than price and that we have now entered the timing band for a low. likesmoneycycletrading.wordpress.com |
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Post by sb on Jun 27, 2014 8:57:34 GMT -5
GDX up 1.5% on the week as I type, not a bad DCL at all thus far!
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Post by simonsays on Jun 27, 2014 9:32:05 GMT -5
Man is Balmoral a beast!
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Post by sb on Jun 27, 2014 9:48:35 GMT -5
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Post by sb on Jun 27, 2014 10:13:06 GMT -5
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Post by simonsays on Jun 27, 2014 10:19:35 GMT -5
But but but......the dollar is king and always will be! |
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Post by simonsays on Jun 27, 2014 10:25:01 GMT -5
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mp
Junior Member
Posts: 77 
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Post by mp on Jun 27, 2014 10:44:57 GMT -5
The SPX is dangerously close to turning Bullish. Be on your toes...
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Post by platy on Jun 27, 2014 11:05:40 GMT -5
I'm looking for an SPX low on July 4 but yeah I'm usually wrong on SPX going down!
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Post by platy on Jun 27, 2014 11:26:41 GMT -5
Die already AUD!
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Post by sb on Jun 27, 2014 11:29:29 GMT -5
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Post by platy on Jun 27, 2014 12:10:25 GMT -5
Gold is getting squeezed between Gann line support and horizontal resistance. I think it will break down until most likely July 7 or 10 (higher low) before going higher.
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Post by simonsays on Jun 27, 2014 12:16:36 GMT -5
Gold is getting squeezed between Gann line support and horizontal resistance. I think it will break down until most likely July 7 or 10 (higher low) before going higher. And miners are about 4-5 days ahead of gold, which would mean they could bottom mid next week. That is my favoured timing as well based on working off the overbought technicals a little more. |
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mp
Junior Member
Posts: 77
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Post by mp on Jun 27, 2014 15:54:55 GMT -5
The SPX is dangerously close to turning Bullish. Be on your toes... The call did materialize and has turned the markets bullish again. Bears are still alive, but barely. Lets see if we can get an EW C-wave lower next week. |
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Post by platy on Jun 28, 2014 15:26:24 GMT -5
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Post by simonsays on Jun 28, 2014 17:32:23 GMT -5
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mp
Junior Member
Posts: 77
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Post by mp on Jun 28, 2014 21:23:43 GMT -5
This is why my stomach reacts to soy products... Milk to, but its modified through the cows they hit with hormones and antibiotics.
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Post by platy on Jun 29, 2014 15:34:48 GMT -5
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Post by simonsays on Jun 29, 2014 19:46:05 GMT -5
His opening statement. "Cycles are a tool and should not be used to the exclusion of other tools. There is always the possibility (high probability long term) that the data will be misinterpreted or a relevant fact over looked. So use cycles to check your analysis, not as the only reason to make a decision. Interpretation is the opinion of the author and may be incorrect and should be viewed in that light." I know a couple of newsletter writers who could benefit from this advice..... |
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