TECHNICAL VIEW . Written Tuesday, September 16th, 2008 A New Bear Mark et Leg Down Likely Starting! Schwartz Strategy. Right at the close yesterday, the Dow Industrials dropped sharply going from -400 points down to -500 points down, closing at 10,917.50 , below its previous bear market July 15 th closing...
GOLD VIEW . It’s Time to Buy Back into GOLD ! I must say the gold chart looks ripe for a rally and the background economics are screaming rising inflation here in the US and all around the globe, so I would recommend buying back into gold. Gold pulled back from its big Round Number of $1000 in...
UPDATE ON THE STOCK MARKET . Wednesday, April 9th, 2008 Another day of compacted volatility (is that an oxymoron?) yesterday. This time on the lowest daily trading volume in 2008. Thus the stock market continues to draw, in Wall Street jargon, a “line” I’ve started writing about. One way, reason and...
UPDATE ON THE STOCK MARKET . Tuesday, April 8 th , 2008 : Yesterday was the 4 th day in a row the stock market traded essentially flat. I believe we’re now building what the old timers called “a line.” Just means compacted trading action on lower trading volume. Can run for a week to two or much longer...