“Those who have knowledge don’t predict. Those who predict don’t have knowledge.” Lao Tzu, Chinese philosopher, 6th century BC

PAYPAL

Friday 14 December 2012

14 Dec 2012

We had a nice continuation today and have made a 5 wave pattern down.  Therefore next week we should look for a zigzag formation in 3 waves before continuing lower. The SPX daily chart shows the Stochastics finally exiting its overbought position.  Our 60min Stochastics though is oversold already and that's why I speculate the rally next week should start immediately if not at least in the morning we would extend the lows before turning.  This is definitely great for the Bears and the weekly looks even better with all or most Indexes forming reversal candles.  All we need for the weekly is the Stochastics to cross back down to confirm the week - months worth of down trend to happen.

SPX:
Daily -Bullish Nov 23 - Last Bearish Oct 19 - Last Bullish Oct 16 - Last Bearish Oct 9 - Last Bullish Oct 1 - Last Bearish Sept 26 - Last Bullish Sept 6 - Last Bearish Aug 31 - Last Bullish July 26 - Last Bearish July 23
Weekly - Bearish Dec 14 - Last Bullish Nov 30 - Last Bearish Nov 9 - Last Bullish July 27 - Last Bearish July 6 - Last Bullish June 29 - Last Bearish May 11 - Last Bullish Nov 2011

DOW:
Daily - Bearish Nov 27 - Last Bullish Nov 23 - Last Bearish Oct 19 - Last Bullish Oct 16 - Last Bearish Oct 9 - Last Bullish Sept 6 - Last Bearish Aug 23 - Last Bullish July 26 - Last Bearish July 23 - Last Bullish July 13 - Last Bearish July 10
Weekly - Bearish Oct 26 - Last Bullish July 27 - Last Bearish July 6 - Last Bullish June 29 - Last Bearish May 9 (not yet printed) - Last Bullish Nov 2011

SILVER:
Daily - Bullish Nov 8 - Last Bearish Oct 8 - Last Bullish July 25 - Last Bearish July 23 - Last Bullish July 17 - Last Bearish June 19 - Last Bullish June 1 - Last Bearish Apr 13 (Entered oversold Apr 24) - last Bullish Apr 12
Weekly - Bullish Aug 24 - Last Bearish Apr 4 (printed Apr 5) - Last Bullish Mar 30 - Last Bearish (Mar 21 2012 Printed Mar 23) Last Bullish (Mar 19) - last bearish (Mar 14 2012) - Last Bullish Jan 27 2012

GOLD:
Daily - Bullish Nov 8 - Last Bearish Oct 9 - Last Bullish July 25 - Last Bearish July 23 - Last Bullish July 16 - Last Bearish July 6 - Last Bullish June 29 - Last Bearish June 21 - Last Bullish June 1
Weekly - Bearish Dec 7 - Last Bullish Aug 10 - Last Bearish Mar 13 2012

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