nasdaq chart update - nasdaq chart update

nasdaq chart update - the nasdaq chart update

Our  > VIP ELITE GROUP HERE  <  know what is happening. Right now there are almost 85% of newsletter writers saying the market is looking strong and healthy, and I can see many more people getting bullish.

As a sentiment trader we like to be contrarian to these views, as last time this happened the market reversed pretty good. So this could be a warning sign. The market right now is a in a real strangle-hold and does not know what it wants to do.

But when we look at the chart we can see, we are still in a bull market. The stochastic are telling us that the bull have gone hard in the short term, and there could be a pullback on the cards soon.

Nasdaq chart

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bull market - bull market indicator

bull market - bull market indicator

Again I hear so many people say the bull market is gone, and we are in a bear market.

They are also saying we are not in a bull market right now. Is this true, or a lie?

Well in all my years as an analyst, I do not read newspapers or listen to the so called gurus, I always come back to the charts, not matter if we are in a bull market or a bear market. Always remember the charts never lie, I mean NEVER!

The bull market / bear market indicator is saying that right now we are in a bull market. Now this does not mean we cannot go down or sell off violently at some stage, but this indicator is very good for seeing the longer term picture and very reliable. Buying the dips has been working very well for a few years now.

Since 2009 the bears have struggled badly, they have had their chances to go short along the way, however just as they got excited, the market turned on them yet again and we started travelling up again.

As you can see on the chart below, the current bullish market started in January 2012 and we are now a few hundred points higher on the SPX.

The bears out there have obviously not looked at charts like this, and keep trying to go short or call a crash. As said, even if we sell off hard, the direction of this market is up, and we have a good plan to make money no matter what happens anyway.

bull market indicator

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The Plateau

The Plateau


If we have a look at the leader of the market, we seemed to have just plateaued out and going no where.

We need to wait a bit while we wait for the market to chose a direction. So far the bulls have had a fantastic run, but they do not seem to be out of breath just yet.

Yesterday we posted this chart for our VIP MEMBERS only with summation charts. I have posted this here, and traders are on the sideline waiting for the market to move north or south, its annoying when the market hardly moves, and in a tight range which is what is happening at the moment.

dow jones transports

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