11/12/09 Andrew Cardwell on The BullBear Market Report

Comment by BullBearGirl on November 14, 2009 at 6:42pm

It sounds to me as if Andrew Cardwell is expecting the stock market to go down while the dollar diverges and continues its downward trend. He expects commodities, including PMs, to move upward in reaction to the weakening dollar.

Comment by BullBearGirl on November 14, 2009 at 6:58pm

I thought I saw a possible head and shoulders forming on the silver chart???

Comment by Steven Vincent on November 14, 2009 at 8:15pm

While there may possibly be a head and shoulders forming on a shorter term basis, there are other technical aspects here on a longer term basis which are bullish. You would need to give more weight to the longer term factors than a shorter term factor which is not even a completed formation.

Comment by Steven Vincent on November 14, 2009 at 8:17pm

He's not expecting stocks to go down, just sees the possibility of a divergence between stocks and commodities. He has said he is giving the market the benefit of the doubt...which is still going up. I can see that as a possibility, but also think that stocks may be gearing up for a new upleg.

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