This week still looks to be the target for at least a temporary low. The Dow has broken the 15000 level with support beginning at the 14825-14805 level. Additional support lies at the 14718 level down to 14648. There is a gap down thereafter to 14450-14393. The major support starts at 13782 and only a […]

We wrote on June 20th: “The Daily Bearish Reversals are 14670 and 14392 with the Weekly Bearish at 14390 and 14360/ The key support starts with the Monthly Bearish at 13139 and 12940, with the critical support at the Monthly Bearish at 12220.” We elected the minor Daily Bearish on the 24th but that was […]

  Sorry – no 90% Crash. The US Share Market is by no means out-of-line. Dividends are still far higher than one can ear in a bank – 0.5% for 3 years. You are better off giving it away for a tax deduction.  

So far the Dow has rallied 27 weeks on an intraday basis establishing the high on target for the week of 05/20, but on a weekly closing, the high was the previous week 05/13 making it a perfect 26 week rally.The week of 05/27 closed slightly beneath the week of 05/20 confirming technically we should […]

The Dow Jones Industrials closed at 15303.10 closing below initial support at 15325 yet holding 15125. The primary support lies at 14390. A weekly closing BELOW that level will signal a short-term correction is underway. The nonsense spouted out by domestic analysts that the market has rallied because the Fed easing is just gibberish. Japan […]

The History of the Dow Index It was on July 3rd, 1884, when Charles Henry Dow first began publishing his Dow Jones Index Average. Eight months later when the index was being published daily it was composed of 12 stocks, 10 of which were railroads. Keep in mind that it was the railroads that were […]

The next three weeks will be choppy with the primary targets being the weeks of 01/28, 02/11, and 03/11. We have Weekly Bullish Reversals at 1365810 and 1369790. These define the overhead resistance. The Weekly Bearish start at 1309150. Our Minor Month Bullish Reversal stands at 1333180 while the Majors are 1399470, 1412110,  and 1428000 […]

The support in 2013 will be at 11,900, 11,650, 11,025 and resistance at 13340. For those attending the technical training seminars, here is a glimpse of the three 1985 projection lines that have defined this entire ECM wave of 51.6 years from 1985 into 2032. The 2007 high was slightly over the projection for that […]

The numbers are always the numbers. The amount of voter fraud is off the planet. Obama won in every state that did not require a Photo ID and lost in every state that did require a Photo ID in order to vote. Some places all votes went to Obama and none at all to Romney […]

The Dow has backed off along with gold. The support to watch right now lies at 13200. A daily closing below this area is necessary to signal a shift in trend back to retest support. We will be looking at the Weekly levels on this tomorrow,