Since the July 9th BullBear Market Report, the US stock market has apparently completed an ABCDE ascending triangle pattern to complete the rally off the June low. This is being confirmed by a mounting body of technical evidence which strongly suggests we have either seen the top to the rally or that it is nearby. The Introduction to the last report…Continue
Added by Steven Vincent on July 24, 2012 at 3:30pm — No Comments
Currencies: 18July Our point yesterday, the possibility of more central bank intervention moving to the back burner, was reiterated in Bernanke’s testimony today. Bernanke has made the point that the U.S. fiscal situation is unsustainable, that the Fed is ready to do more, but that here are economic issues that the Fed can’t really impact.
We continue to offer three points. The last two center on risk management:
The “relief rallies” like this have gotten shorter…
Added by Katie Gray on July 18, 2012 at 11:30pm — No Comments