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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?


To: Lazarus who wrote (43272)11/18/2011 9:21:15 AM
From: westpacific2 Recommendations  Read Replies (2) | Respond to of 71484
 
Priorty Indicator Weekly broke out yesterday on its 189DMA for first time since it last did it on Febuary 1st 2008...

Also same indicator but Monthly chart; the MACD put in bearish crossover upward this week; first confirmation since last was given in early January 2008...

On this indicator now watching the P and F chart for it to burst through upper overhead; if that happens all hell should break loose, will update.

This indicator flipped to bearish in May 2011 and has remained so; to me it shows the massive prop job ongoing in all markets! The market has really gone nowhere since then! And that was right on the Domed House Topout!



This chart also works well with the data on the finishing 3rd Kitchin 2nd and Cycle Wall 6

It is interesting that this Cycle works also projects into the 1010 to 1019 area!

West