Tuesday, June 22, 2010

First Major U.S. Index To Trigger

GoldMoney. The best way to buy gold & silver

A fully bearish stance, that is. I remain radically bearish on general stocks. Today the New York Stock Exchange ($NYA) had a bearish cross of the 50 day moving average below a flat 200 day moving average. Following is an 8 month daily candlestick chart thru some of today's action:

And here's a similar point in time for the chart that paves the way for what to expect next:

And for those who don't recognize this chart fractal, here is what comes next as of today's close:

Long physical Gold, short stocks. This trade has only just begun in my opinion.

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