Monday Comments from Gary Savage
Big Al
August 26, 2013
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Discussion
8 Comments
Aug 26, 2013 26:21 PM
Aug 26, 2013 26:30 PM
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.
Aug 26, 2013 26:43 PM
No sir, it is certainly not!
Aug 26, 2013 26:10 PM
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!
Aug 26, 2013 26:32 PM
Maybe, I am giving it a little time, Lore.
Aug 26, 2013 26:08 PM
[…] Daily commentary Written by Gold Scents […]
Aug 28, 2013 28:54 PM
DUST keeps doing very well. So far so good. I still have my stops. It is not good to be overconfident.
Aug 29, 2013 29:14 AM
Now Gary says that the cycle has been stretched (again) this guy is a joke.
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.