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Anyone trying to catch the last push in the stock market should have a stop right below 1639 as that marks the daily cycle low. If that gets violated then it would signal a failed daily cycle.
The S&P was capped by the 13 day moving average today and is now below both the 50 and 55 day ma. This is not bullish action.
No sir, it is certainly not!
You guys made my day! I started buying a handful of my favourite companies again this morning. Feels good to finally, finally, FINALLY be getting back on track!
Maybe, I am giving it a little time, Lore.
[…] Daily commentary Written by Gold Scents […]
DUST keeps doing very well. So far so good. I still have my stops. It is not good to be overconfident.
Now Gary says that the cycle has been stretched (again) this guy is a joke.