Stocks: The next very few weeks could be quite important. The coming week will be the 14th week since the July low, which suggests that we need to be alert to the idea that the 22-week cycle is peaking. In addition to this time element, the weekly Coppock Curve is peaking and is positioned to take on a broad-based bearish bias before the end of the month. Moreover, the sentiment environment has moved from skepticism four weeks ago to signs of excessive bullishness now. Finally, the Elliott Wave pattern suggests that last week’s rally can be counted as the final leg from the July low and perhaps from the March low.
The above is the "Plain English Summary" for our latest Short Term Review, which we sent out to our preferred distribution lists earlier this morning.
Our new website still appears to be on track to be operational by the end of the month. When it is up, running, and fully interactive, we will be able to accept charter subscriptions. The response has been gratifying, and we will keep you up to date.
If you would like to see the full Short Term Review (covering equities, 10-year yields, the dollar, gold, and oil) AND are interested in joining our charter subscription list please send an e-mail to WMGALLC@gmail.com.
No comments:
Post a Comment