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It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning. Henry Ford


Those who surrender freedom for security will not have, nor do they deserve, either one. Benjamin Franklin
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The idea that you know what is true is dangerous, for it keeps you imprisoned in the mind. It is when you do not know, that you are free to investigate. ~ Nisargadatta Maharaj


Monday 4 November 2013

S&P has a possible measured move projection higher to 1796 but watching Dow to see if we can break the 10 dma and suggest double top. An ECB rate cut this week might give markets juice for one more push ?


6 comments:

  1. from Eddy112 "Puetz Crash Window is Nov 11-20 so I will looking for a high during this time. (Note: the 18th is the Full moon). This new high may be a lower high or a new all time high. If all time high, then 1795 is a target area."

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  2. Nov 18 is also around the 1 year cycle from the low,6 months from May high

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    1. Andre Gratian says there is a cluster of topping cycles set for the 2nd week of November, possibly extending into early in the 3rd week. He isn't mentioning the full moon.

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    2. Thanks Bobo.More grist to the mil

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    3. I have been inundated for the past week with 30-day trial subscription offers from McHugh who is trying to flog his new book.

      I signed up for the 357th time. McHugh mentions Short Bus Passenger's favourite indicator, the Bradley model date which was yesterday. He says that could be a top with a decline coming into his November 20th+/- phi-mate turn date following by a rally into the New Year in e of c in his wave-count methodology.

      So there is a November 20th date, but a low.

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  3. Nov 16,May 22 are the actual dates

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