We really need to see a closing in the Dow above 17010 to imply we will see perhaps further upside. However, we have technical resistance at the 17200 area  and we need a closing ABOVE 17160 to hint at further higher highs. We still see next week are critical so hold on to your […]

  We see closing support at the 16629-16636 level today. So far the Dow made a new high so there is still the potential to rise to test the 17000 level for a high on Thursday as long as we hold 16629 level on the close. Closing Resistance stands at 16804 and intraday support lies […]

Today we need a closing ABOVE 16660 to show some neutrality. Friday was the main target for this week. Exceeding the Wed high yesterday set the tome for a possible high on Friday this week. The next turning point will be the week of Nov 3rd. A closing below 16660 will warn that the next […]

  We rallied right up into Wednesday testing the convergence of overhead resistance and will now most likely return to retest support into Friday. The bulk of resistance stands at the 17000 level and support at 15960. This is the closing range of resistance and support. If this week proves to be the reaction high, […]

The July high seems to be unfolding nicely in the US share market as we warned at the World Economic Conference. The computer seems to have done an excellent job targeting the week of 14th as the Directional Change.   A closing for July BELOW 16695 will warn that we are starting to lose the […]

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The Dow made new highs and achieved the high closing yesterday and this has set the stage for a rally that could extend into Monday/Tuesday next week. A closing above 1611225 today will signal that some further upside is likely. Keep in mind that we are pressing against key resistance in the 16650 area. The […]

QUESTION: Hi Martin; It is very interesting that both virtual currencies, Dow Jones Industrial Average(US Stock Market) and Bitcoin, topped out on November 29, 2013. I’m not saying that this is the top of the markets, I’m saying the Dow(US Stock Market) is Bitcoin for the Super Rich. I’m saying that they are both are now […]

We elected the first Minor Weekly Bearish Reversal at 14825 but not the second at 14805. This warns that we still should press lower perhaps into next week. However, it does not signal a complete breakdown. The bottom of the Uptrend Channel lies at 14233 for next week. The Weekly Bearish Reversals are 14805, 14450, […]

The US share market should have bottomed Friday/Monday. Instead, we inverted and made a meager high. This is not good at all. This warns we may see a test of the bottom of that channel next week or as late as the week of October 7th. Everything is indicating Obama may start a war attacking […]