current $USD charts...

Like the $Gold charts below, this chart is "young". The U.S. Dollar move "upward" has lots of time left in it.

current $GOLD charts

Hitting extremes of upper trendlines now...

It's uncommon for a Bear market in any commodity to end before the .5000 node, and we haven't cleared the .2500 nodes yet. Though many are calling for an immediate new bull market in $Gold, I remain skeptical....

I still expect the stock market to fall soon, the dollar to go up in response, and $Gold to resume it's correction....

current $NDX charts...

A new issue with the KDE interface has given me fits on my Linux box. Really Southwestern Bell/Yahoo caused it, and I had to find a workaround, but it prevented me from uploading files for a couple of days, but I have figured it out....

New $GOLD charts...

Getting close to some high trendlines again...charts are Friday's data...

What I would expect to happen, is, sometime soon, the markets resume their crash, making a 5th wave down (see chart and commentary in the previous post). Along with that, the dollar begins to rise again as it did in the most recent strong down cycle, and Gold will correct back downwards in response to the dollar...it's already flirting with some tough overhead resistance...

Rally running out of gas pretty soon?

It was never much to start with...

We are clearly a week or two (eyeball estimate) away from the top descending magenta line that has sort of delineated market exhaustion points...

Obviously, I have gone to a new look for this blog...

I hope it's easier on the eyes....

Survivor, the Home Game

I think it's ironic that for the past few years, "Reality Shows" have been all of the rage in television. Only the most ruthless and shifty would prevail, and the rest were "cast off of the island" (to die, in a virtual sense).

Only a vicious and hyper-competitive culture would produce such a set of monstrosities and call it entertainment, I now suspect that this set of attitudes has been mirroring structural changes in our economy which now threatens to exile "everyone" off the island, except perhaps, bankers cosy with Goldman Sachs and such.

We can all play survivor now.

An article I think is correct in it's views...

On the money, I think:

http://www.timesonline.co.uk/tol/news/world/europe/article5559773.ece

Current $NDX charts...Haven't changed much...

Note that the secondary trend lines are all busted....no further support will come from those, probably...

The dollar and $Gold charts are virtually the same also...

Markets are dribbling along sideways...waiting for Obama Bounce?

Check out Mish's site for pictures of acres of unsold cars...Does anyone think they may stay unsold and be acres of rusting cars somewhere in the future? Somehow I think that could happen, and that would mean the end of the economic order that produced it....

Deep and sloppy $NDX bounce...

It's still suspect...

$NDX resting on major trendline...

It's got to hold here, or the Bear is back...

Actually, with Gold falling and the Dollar rising, these are the conditions that have signalled stock market liquidations in the recent past, so this is a perilous juncture we're at right now for the stock market...

Gold falling...Dollar rising...

Gold's bear market resumes as expected...Gold bugs are right, but early...

It might find some temporary support at the 2nd order trendline it's sitting on (brown), or the one below that (light blue).

Market looking weak here...

This is a closeup of the $NDX with today's low (so far). Notice the bounces off of the ascending blue line. If it fails at that trendline, then the whole scenario changes, and the bear market resumes. I have a new setup with new pivots, trendlines, and nodes, ready for when/if that happens...

Check out Mish's charts...

You might hop on over again to Mish's Global report. He's got some conventional charts worth looking at, back a couple of days ago, particularly of the Russell 2000 ($RUT). It shows a completed wedge at the 38% retrace. Although my charts don't show us at any particular node right now, that doesn't mean we couldn't drop from here... Be wary....

One of the current $GOLD charts...

Current $SILVER Charts...

Some .25 nodes coming on the Silver charts, down the road a bit....

Interesting (though sad) post over at Mish's Global Economic report...

It seems that layoffs are coming so fast that it's overwhelming the state's websites where the problems are occurring...

Pick that up over on my list of market related links over on the right hand side of this blog, I have added it to that group.


Obama's going to have his hands full...I don't envy the man....

Markets still slow....

All of the indexes I watch, plus metals, and the dollar, are largely in a very small trading rangs, so recent previous charts still apply...

Now we know what the crossover was meant to do on the $NDX...

The crossover, on 12/29/08 corresponded with a recent low on $NDX, right at the dark blue ascending trendline...Normally I've seen trendline bounces associated with reaching a time node, but this is the first time I've noticed one associated with reaching the timeframe of a crossover...But certainly it's not a totally unreasonable outcome...

The top picture is a "blow-up" of part of the bottom picture...