Friday, November 4, 2016

Roger from NC wrote regarding the Stock Market and Gold Market

MARKET COMMENTS: 1)Everyone look at the Mcclellan oscillator $NYMO, and the summation index $NYSI. The oscillator is getting low enough to provide a short term rally----into option week ???----but the summation index is doing a "swan dive". This implies that there is much more downside after any short term rally. 2)Please go to gold-eagle.com (editorials) and read the article by TIM WOOD. It's one of the most bearish articles I have ever read----and he is likely dead right. Just consider his reasons!!!!! 3)Bearish symptom-----glamour stocks going down on good earnings!!! 4)gold/silver----I tell everyone who is seriously interested in the market to subscribe to marketviews.tv. WHY??? Listening to experienced money managers and market letter writers can be educational. The emcee, IKE ISSOUF, has the best gold timing for the last 3 years. In mid October he called for a gold rally to about 1300 and then another decline to "test" the bottom. Afterwards he forecasts a "blast off" to 1400 or higher. This agrees with the writings by RAMBUS.

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