In March we warned that November was when things would perk up. Boy have they. We swung from the test of the bearish reversal at 15900 to new highs. That is what a Panic Cycle is. The vast majority of the time these Panic Cycles take out both sides of the previous price action. We […]

  QUESTION: Martin; I read with much interest your latest post that appears to be very bullish on the US share market. On 10/14/14 you posted the following: ” If we were to make new lows and fall to test the 15900-16000 level this week, then a rally back into November 3rd week is possible with […]

QUESTION: Marty, Could you please Clarify? On Oct 31, based on stock charts, the DOW closed at 17390.52, ABOVE the September high of 17297 and intraday high of 17350. But you said Sept high was 17042.90? On Nov 1 you said we did not exceed the September high and did not close above it. BUT […]

The Dow Jones Industrials managed to exceed the September high intraday and produce the highest weekly closing, but it did not close ABOVE the September high ruling out a Sling-Shot Move right now. Nevertheless, we still see this week as the target and the key days are today and Friday with a mid week minor […]

  We closed right on our 17195 target and then the Dow closed above 17143 providing another buy signal yesterday and that warned of a move further to the upside. Especially when we fell right to the Bearish Reversal at 15960 and held. Exceeding Thursday’s high is a serious issue. We now must realize that […]

  Here is Thursday and we have broken back up to new highs on our cyclical models without electing a bullish reversal yesterday. Resistance stands at the 17195 level and a closing below 17000 today will imply that we have a high in place. Closing resistance will stand at 17010, 17143, and 17246. We need […]

  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 […]