We will update later on tonight after 9pm. But today’s close was WEAK, which was very good because many people were hoping for a strong bounce and the weakness undermines the confidence to hold. This is very similar to 1987. The day after the panic, the market still made a new low intraday but then […]

  The 16258.10 is a BULLISH REVERSAL, not  BEARISH. The underlying Daily Bearish are 15340.00 and 15300.30, followed by 15095.00. Technical closing support lies at 16041.78. A closing back above this technical support will help stabilize the market. The broader support lies at 14769 to 14587. A closing below 15961.79 today would warn that we could […]

It’s 190600, not 1980600. Hey, I never took typing is high school.

That is a Monthly Bearish at 16680, not a Daily. Penetrating that intraday merely meant we were blowing through to the main Monthly Bearish Reversal lying at the 15550. So a daily closing below that number today has no impact. On our model, this is like the 1987 Crash moving to the same points within […]

We show important closing support at 16258.10 on our What-If Model. A closing above that level will help to firm today as at least a temp low. A closing ABOVE Friday’s close of 16459.75 will be an additional positive reflection that today’s low should hold at least initially. So far, the Dow has penetrated the […]

Our models show a gap in the Reversals, which is what you look for in a panic move. We warned, “A closing below 16680 would warn of a drop to the 15500 area.” This was the GAP. So far, the Dow fell to 15370.33 on our target for this week as the Panic Cycle. We ran our […]

This three-month rout in equities is scaring the hell out of everyone. It has changed the view that the Fed will not raise rates, which has sent the dollar lower in what appears to be the bubble in government, particularly in Europe. The bells are ringing this Monday across world markets with a 9% nosedive […]

A false move is measured from the high, not current time. Therefore, a FALSE MOVE would be two to three months from the May high in the Dow, which means an August low. That can be on a closing basis with an intraday in September and a rally for the close, or it is just an August […]

The markets are open on Sunday in the Middle East and we have seen follow through with the sell off that rocked the equity markets in Asia, Europe, and the Middle East. This does not always reflect a continued trend on Monday morning’s and is rather more of a completion of the previous week. (See Dubai […]

Politicians never get enough and never tell the truth. Perhaps they are right and can fool the people in general. Expect this move soon in your country. They are pretending they need to grab every phone call, text, and email for terrorism when in fact they are hunting money. So what do you do when […]