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  • Battle of the Chart Patterns

    As we open this Monday we have a bullish and a bearish pattern in the S&P 500 index. On Friday we had a nice breakout up through the down trendline in the SP500. Not only did this breakout close on the daily and weekly chart but it also occurred on...
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  • Interesting Charts

    Well Its clear by now that the last down wave was already completed and we are in a good bear market rally. I say bear market rally and not a bull move for three reasons. First, no bear market has ended before the end of the 4 year cycle since World War...
  • Another Down Swing Coming

    The last four days have had nice strong rally with two 90% up days. However, we are still below the down trendlines which keeps us looking at the market in bear mode. If we step back and look at the big picture on a monthly chart, the SP 500 has broken...
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