"As a technician, I feel that there are few analysts that offer value for me, but you do. Your work on Gold ratios has helped my analysis greatly." --Jordan Roy-Byrne, CMT (The Daily Gold) 4.9.10

Monday, July 16, 2012

Q: When does a series of higher highs become a Bear Flag?

Answer: It's self explanatory.  Here's a chart just sent out to subscribers by the service that is so distrustful of these markets that it wants to be looking around every possible corner to be prepared for the possibilities.

HUI gave a warning in February (which we respected).  Is the similarity to today's SPX just a coincidence? I'll remain bullish biased on SPX only as long as the 'higher highs' and 'higher lows' remain intact and not a moment longer.


















http://www.biiwii.blogspot.com
http://www.biiwii.com/analysis.htm

Subscribe to NFTRH or
Subscribe to the free eLetter

No comments:

Post a Comment