Chest Thumping Time

Hello all.

Seems like a good day to look back and reflect a little.

I also thought it was time to do a little chest thumping; bragging about our recent market calls.

I mean, if I don’t call attention to them, who will?

Seriously though, it’s always useful to see what trends we’ve called a while back. It’s even more interesting when they are seriously becoming noticeable to the public as these are.

Like a few weeks back when we warned of a seriously and fast weakening NASDAQ and also about the shift in the EURO within the Forex to a serious downtrend as well.

Here’s what I’m talking about briefly and visually:

The EURO trend has accelerated it’s downtrend just as we warned of  last year.

The chart to the left shows the drop in value relative to the US DOLLAR in just the last two months alone.

Our call for the EURO was correct then, now and the trend is continuing.

We even jumped all competition (although, I have to admit that we really don’t have any with the W.D. Gann techniques and others we use here) by extending our trend forecast to the Asian Markets as well.

Way back on December 21st when we were the first to say that a crumbling in the Asian Stock Markets (particularly the Chinese markets) was beginning to show itself, we were all alone in that call I can tell you!

At that time, the only news in the media was about’ China the Strong’, the ‘Invincible’, “the economy that would save us all from ourselves”, etc..).

Meanwhile, we were warning about what was beginning to show in the market pricing and forewarned our readers and members to pay close attention to the implications of what was happening.

We use our technical methods to peer deep into the market itself and let it tell us what’s really going on instead of trying to discern that from the headlines.

And then there is the NASDAQ (and other)  Stock Market Indexes:

This one has fallen sharply as have the DJIA and S&P 500.

While most cannot discern the real trend at work here and are trusting their television news reports or newspapers to tell them if there is any danger . . .

Here’s the real news flash:

They won’t tell you. They never have. They never do. They never can. They never will.

It’s pure economics.

They’re just reporters working for newspapers that are owned by corporations traded on the very exchanges they’re reporting on.

How do you think that works?

Their employers (even if they did know, which I doubt sometimes), would never allow news stories to be published or broadcast that would panic the markets and push their shares of stocks and options to downward.

They’d lose millions, even Billions of dollars for their fellow board members, themselves and the shareholder’s of their corporation who would promptly fire them without mercy or benefits.

And, so it goes.  Well, that review not only felt good, it also brought us up to date on those markets again.

I’ll continue to monitor them and others while looking for the next markets of interest to track.

Have a great week. - George

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Tags: WD Gann, stock market prediction, gold traders
The Excalibur Method, gold price predictions, timing the markets, money tigers, trading education, gold price charts, e mini trading, technical analysis

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