tag:blogger.com,1999:blog-32138188936877503622024-03-12T23:22:00.054-04:00Technical Analysis and Elliott Wave TheoryWavaholic.com - Your Blog for Stock Market Analysis and Forecasts using the Power of the Elliott Wave TheoryAnonymoushttp://www.blogger.com/profile/03473699933180916564noreply@blogger.comBlogger1823125tag:blogger.com,1999:blog-3213818893687750362.post-83705887790667195302014-10-22T18:06:00.001-04:002014-10-22T18:06:31.952-04:00Dow Jones ~ Elliott Wave Count ~ 22 October 2014<div class="separator" style="clear: both; text-align: center;">
<a href="http://3.bp.blogspot.com/-xQNmUmO8Cjs/VEgqQlt-JfI/AAAAAAAAXF4/DC40IxhCv3s/s1600/dowjones10222014a.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="http://3.bp.blogspot.com/-xQNmUmO8Cjs/VEgqQlt-JfI/AAAAAAAAXF4/DC40IxhCv3s/s1600/dowjones10222014a.png" height="392" width="640" /></a></div>
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Author: <a href="https://plus.google.com/+PatrickEugsterSwiss?rel=author">Patrick Eugster</a>Anonymoushttp://www.blogger.com/profile/03473699933180916564noreply@blogger.comtag:blogger.com,1999:blog-3213818893687750362.post-55368207188401216562014-10-16T17:21:00.001-04:002014-10-16T17:21:21.940-04:00Dow Jones ~ Elliott Wave Count ~ 16 October 2014<div class="separator" style="clear: both; text-align: center;">
<a href="http://1.bp.blogspot.com/-UZhN72yYHJY/VEA2uBVHg4I/AAAAAAAAXFI/cgluOuc4GuQ/s1600/dowjones10162014a.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="http://1.bp.blogspot.com/-UZhN72yYHJY/VEA2uBVHg4I/AAAAAAAAXFI/cgluOuc4GuQ/s1600/dowjones10162014a.png" height="410" width="640" /></a></div>
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Author: <a href="https://plus.google.com/+PatrickEugsterSwiss?rel=author">Patrick Eugster</a>Anonymoushttp://www.blogger.com/profile/03473699933180916564noreply@blogger.comtag:blogger.com,1999:blog-3213818893687750362.post-61044030211773953392014-10-16T09:40:00.003-04:002014-10-16T09:40:53.983-04:00S&P 500 ~ Elliott Wave Count ~ 16 October 2014The break of 1905 confirmed that the Primary wave that started in 2011 is over. The SPX already lost 200 handles from the top - the biggest decline since 2011.<br />
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Below you see my bearish long-term count (I'll post a more bullish one later).<br />
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It's possible that we entered a new bear market. However, for now, it's way too early to tell. But even if this is just a correction, I think a decline to the lower trendline is likely.<br />
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Author: <a href="https://plus.google.com/+PatrickEugsterSwiss?rel=author">Patrick Eugster</a>Anonymoushttp://www.blogger.com/profile/03473699933180916564noreply@blogger.comtag:blogger.com,1999:blog-3213818893687750362.post-54527888687979951492014-10-12T16:32:00.007-04:002014-10-13T16:11:23.380-04:00S&P 500/Dow Jones ~ 12 October 2014The Dow and the SPX broke below the lower trendline:<br />
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<a href="http://4.bp.blogspot.com/-F1WR08q_mM0/VDrlBvGoBHI/AAAAAAAAXEc/ZemhWdP-USU/s1600/dowjones10122014a.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="http://4.bp.blogspot.com/-F1WR08q_mM0/VDrlBvGoBHI/AAAAAAAAXEc/ZemhWdP-USU/s1600/dowjones10122014a.png" height="362" width="640" /></a></div>
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It looks like the trend is down now. I still prefer to see a decline below the August low before turning long-term bearish.<br />
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Author: <a href="https://plus.google.com/+PatrickEugsterSwiss?rel=author">Patrick Eugster</a>Anonymoushttp://www.blogger.com/profile/03473699933180916564noreply@blogger.comtag:blogger.com,1999:blog-3213818893687750362.post-82869487561254670262014-10-08T16:48:00.002-04:002014-10-08T16:49:24.566-04:00S&P 500/Dow Jones ~ 8 October 2014The Dow and the SPX hit the lower trendlines again today:<br />
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<a href="http://4.bp.blogspot.com/-U_3DIhkf0gY/VDWihdokGsI/AAAAAAAAXEA/sOR3XTQJ59M/s1600/dowjones10082014a.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="http://4.bp.blogspot.com/-U_3DIhkf0gY/VDWihdokGsI/AAAAAAAAXEA/sOR3XTQJ59M/s1600/dowjones10082014a.png" height="430" width="640" /></a></div>
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As long as these trendlines hold, the long-term trend is still up.<br />
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If 17140ish and 1984ish break, we should see a rally to the upper trendline again.<br />
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Author: <a href="https://plus.google.com/+PatrickEugsterSwiss?rel=author">Patrick Eugster</a>Anonymoushttp://www.blogger.com/profile/03473699933180916564noreply@blogger.comtag:blogger.com,1999:blog-3213818893687750362.post-88434033817892519562014-10-03T17:33:00.003-04:002014-10-03T17:33:36.368-04:00S&P 500/Dow Jones ~ EOD ~ 3 October 2014The SPX and the Dow hit my target levels yesterday and then started to rally again.<br />
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<a href="http://2.bp.blogspot.com/-lXp2OtlnwJo/VC8Veq_IhKI/AAAAAAAAXDk/EzqMiJIYJ-0/s1600/dowjones10032014.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="http://2.bp.blogspot.com/-lXp2OtlnwJo/VC8Veq_IhKI/AAAAAAAAXDk/EzqMiJIYJ-0/s1600/dowjones10032014.png" height="364" width="640" /></a></div>
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If the Dow breaks 17140ish, we should see a rally to the upper trendline again at 17400ish.<br />
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A rally above 1984ish should clear the way for new highs.<br />
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Author: <a href="https://plus.google.com/+PatrickEugsterSwiss?rel=author">Patrick Eugster</a>Anonymoushttp://www.blogger.com/profile/03473699933180916564noreply@blogger.comtag:blogger.com,1999:blog-3213818893687750362.post-59060598783515053812014-10-01T14:14:00.003-04:002014-10-01T14:14:59.583-04:00S&P 500 ~ Intraday ~ 1 October 2014The SPX hit my target at 1944ish:<br />
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<a href="http://2.bp.blogspot.com/-XiEwetYBfGs/VCxEf6QI3QI/AAAAAAAAXCw/8MPXUwQvBG4/s1600/spx10012014a.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="http://2.bp.blogspot.com/-XiEwetYBfGs/VCxEf6QI3QI/AAAAAAAAXCw/8MPXUwQvBG4/s1600/spx10012014a.png" height="326" width="640" /></a></div>
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We could see a at least a short-term rally now.<br />
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Author: <a href="https://plus.google.com/+PatrickEugsterSwiss?rel=author">Patrick Eugster</a>Anonymoushttp://www.blogger.com/profile/03473699933180916564noreply@blogger.comtag:blogger.com,1999:blog-3213818893687750362.post-29624565786204866232014-09-29T17:32:00.003-04:002014-09-29T17:32:30.307-04:00S&P 500 ~ EOD ~ 29 September 2014As long as we are below 1984 I think the next target should still be 1944ish:<br />
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<a href="http://2.bp.blogspot.com/-Q5Kxe0iW0ZE/VCnP1Yz1xbI/AAAAAAAAXCg/I9CKtTqAEsw/s1600/spx09292014a.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="http://2.bp.blogspot.com/-Q5Kxe0iW0ZE/VCnP1Yz1xbI/AAAAAAAAXCg/I9CKtTqAEsw/s1600/spx09292014a.png" height="388" width="640" /></a></div>
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Author: <a href="https://plus.google.com/+PatrickEugsterSwiss?rel=author">Patrick Eugster</a>Anonymoushttp://www.blogger.com/profile/03473699933180916564noreply@blogger.comtag:blogger.com,1999:blog-3213818893687750362.post-32666836895186171542014-09-25T17:44:00.001-04:002014-09-25T17:44:49.824-04:00S&P 500 ~ EOD ~ 25 September 2014The SPX lost 32 handles today after breaking the support at 1984:<br />
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The next target should be 1944.<br />
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Author: <a href="https://plus.google.com/+PatrickEugsterSwiss?rel=author">Patrick Eugster</a>Anonymoushttp://www.blogger.com/profile/03473699933180916564noreply@blogger.comtag:blogger.com,1999:blog-3213818893687750362.post-53177724472706730572014-09-24T17:59:00.001-04:002014-09-24T17:59:11.678-04:00S&P 500 ~ EOD ~ 24 September 2014Once again, the SPX turned at the support at 1984ish:<br />
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As long as this level holds, the medium-term trend is still up. If it breaks, a decline to 1944ish is likely.<br />
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Author: <a href="https://plus.google.com/+PatrickEugsterSwiss?rel=author">Patrick Eugster</a>Anonymoushttp://www.blogger.com/profile/03473699933180916564noreply@blogger.comtag:blogger.com,1999:blog-3213818893687750362.post-44488447525721048682014-09-22T18:06:00.003-04:002014-09-22T18:06:39.190-04:00Dow Jones ~ Elliott Wave Count ~ 22 September 2014If the strong support level.at 17130ish breaks, the Dow Jones could decline to the lower trendline again, currently at 16600.<br />
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<a href="http://3.bp.blogspot.com/-CYY0toDSnLo/VCCc82Jra1I/AAAAAAAATnc/gaARRlWHmig/s1600/dowjones09222014a.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="http://3.bp.blogspot.com/-CYY0toDSnLo/VCCc82Jra1I/AAAAAAAATnc/gaARRlWHmig/s1600/dowjones09222014a.png" height="364" width="640" /></a></div>
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Author: <a href="https://plus.google.com/+PatrickEugsterSwiss?rel=author">Patrick Eugster</a>Anonymoushttp://www.blogger.com/profile/03473699933180916564noreply@blogger.comtag:blogger.com,1999:blog-3213818893687750362.post-74135571851588818012014-09-22T02:19:00.003-04:002014-09-22T02:19:33.067-04:00S&P 500 ~ Elliott Wave Count ~ 22 September 2014<br />
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<a href="http://3.bp.blogspot.com/-BPP3XFg3Czg/VB-_I5ReqzI/AAAAAAAATnI/vut0ssILh6g/s1600/spx09222014a.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="http://3.bp.blogspot.com/-BPP3XFg3Czg/VB-_I5ReqzI/AAAAAAAATnI/vut0ssILh6g/s1600/spx09222014a.png" height="416" width="640" /></a></div>
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Author: <a href="https://plus.google.com/+PatrickEugsterSwiss?rel=author">Patrick Eugster</a>Anonymoushttp://www.blogger.com/profile/03473699933180916564noreply@blogger.comtag:blogger.com,1999:blog-3213818893687750362.post-42876300962871089962014-09-18T17:27:00.002-04:002014-09-18T17:27:35.541-04:00S&P 500 ~ Elliott Wave Count ~ 18 September 2014It's rather difficult to tell whether the decline to 1980 was a fourth wave, as shown in the chart below, or only a second wave of a much larger motive wave up.<br />
Whatever the case may be, I think the next stop is 2040ish.<br />
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Author: <a href="https://plus.google.com/+PatrickEugsterSwiss?rel=author">Patrick Eugster</a>Anonymoushttp://www.blogger.com/profile/03473699933180916564noreply@blogger.comtag:blogger.com,1999:blog-3213818893687750362.post-59582595667946038772014-09-17T18:11:00.001-04:002014-09-17T18:12:02.933-04:00Dow Jones ~ Elliott Wave Count ~ 17 September 2014<div class="separator" style="clear: both; text-align: center;">
<a href="http://3.bp.blogspot.com/-4DIf02UaJts/VBoGqo1kQKI/AAAAAAAATmk/qINlY58MXkI/s1600/dowjones09172014a.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="http://3.bp.blogspot.com/-4DIf02UaJts/VBoGqo1kQKI/AAAAAAAATmk/qINlY58MXkI/s1600/dowjones09172014a.png" height="320" width="640" /></a></div>
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So far, the diagonal looks pretty good. For a long-term count see here: <a href="http://www.wavaholic.com/2014/09/dow-jones-elliott-wave-count-11.html">http://www.wavaholic.com/2014/09/dow-jones-elliott-wave-count-11.html</a><br />
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Author: <a href="https://plus.google.com/+PatrickEugsterSwiss?rel=author">Patrick Eugster</a>Anonymoushttp://www.blogger.com/profile/03473699933180916564noreply@blogger.comtag:blogger.com,1999:blog-3213818893687750362.post-41467854784797572942014-09-16T13:48:00.003-04:002014-09-16T13:48:55.333-04:00S&P 500 ~ Intraday ~ 16 September 2014The bears tried repeatedly but eventually failed to break 1984ish convincingly. The SPX broke out of the declining channel today and should now head towards the all-time highs.<br />
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<a href="http://4.bp.blogspot.com/-weCBhB8Q9Kg/VBh306u8uJI/AAAAAAAATmE/UJ8Itfk5-JU/s1600/spx09162014a.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="http://4.bp.blogspot.com/-weCBhB8Q9Kg/VBh306u8uJI/AAAAAAAATmE/UJ8Itfk5-JU/s1600/spx09162014a.png" height="416" width="640" /></a></div>
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Author: <a href="https://plus.google.com/+PatrickEugsterSwiss?rel=author">Patrick Eugster</a>Anonymoushttp://www.blogger.com/profile/03473699933180916564noreply@blogger.comtag:blogger.com,1999:blog-3213818893687750362.post-21339156615436286592014-09-15T17:40:00.001-04:002014-09-15T17:40:13.755-04:00Gold ~ 15 September 2014Gold has been declining since early July and is quickly approaching the strong support at 1200. If this level holds, we should get a bounce to the declining trendline, currently at 1325ish.<br />
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<a href="http://2.bp.blogspot.com/-zvoY54xVhQQ/VBdcJn6tQKI/AAAAAAAATl0/vKAQEJlHSas/s1600/gold09152014a.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="http://2.bp.blogspot.com/-zvoY54xVhQQ/VBdcJn6tQKI/AAAAAAAATl0/vKAQEJlHSas/s1600/gold09152014a.png" height="274" width="640" /></a></div>
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If 1200 breaks though, a sell-off to 1000 could occur.<br />
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Author: <a href="https://plus.google.com/+PatrickEugsterSwiss?rel=author">Patrick Eugster</a>Anonymoushttp://www.blogger.com/profile/03473699933180916564noreply@blogger.comtag:blogger.com,1999:blog-3213818893687750362.post-38111437652147502392014-09-15T09:22:00.000-04:002014-09-15T09:22:01.336-04:00S&P 500 ~ Pre-Market ~ 15 September 2014The SPX is trading right at the support at 1984ish. As said in earlier posts, if this level holds, the current correction is only short-term and we should see higher prices soonish. If it is convincingly broken though, a decline to 1945ish is likely.<br />
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<a href="http://3.bp.blogspot.com/-yIuFOHUuEgE/VBbn1ZSK90I/AAAAAAAATlk/_sMMOvpgItk/s1600/spx09152014a.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="http://3.bp.blogspot.com/-yIuFOHUuEgE/VBbn1ZSK90I/AAAAAAAATlk/_sMMOvpgItk/s1600/spx09152014a.png" height="436" width="640" /></a></div>
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Author: <a href="https://plus.google.com/+PatrickEugsterSwiss?rel=author">Patrick Eugster</a>Anonymoushttp://www.blogger.com/profile/03473699933180916564noreply@blogger.comtag:blogger.com,1999:blog-3213818893687750362.post-43221533260290331632014-09-11T17:38:00.000-04:002014-09-11T17:38:21.535-04:00Dow Jones ~ Elliott Wave Count ~ 11 September 2014<br />
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<a href="http://1.bp.blogspot.com/-k68i_BhtX4w/VBIVqvk32fI/AAAAAAAATlU/gWJsBzq_v5w/s1600/dowjones09112014a.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="http://1.bp.blogspot.com/-k68i_BhtX4w/VBIVqvk32fI/AAAAAAAATlU/gWJsBzq_v5w/s1600/dowjones09112014a.png" height="362" width="640" /></a></div>
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Author: <a href="https://plus.google.com/+PatrickEugsterSwiss?rel=author">Patrick Eugster</a>Anonymoushttp://www.blogger.com/profile/03473699933180916564noreply@blogger.comtag:blogger.com,1999:blog-3213818893687750362.post-39327127015622951022014-09-09T16:55:00.003-04:002014-09-09T16:55:49.253-04:00S&P 500 ~ Elliott Wave Count ~ 9 September 2014The SPX hit the support at 1984ish today. As long as this level holds, I still think that we'll see higher prices. However, as long as 2010 isn't broken, we're in neutral territory.<br />
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Author: <a href="https://plus.google.com/+PatrickEugsterSwiss?rel=author">Patrick Eugster</a>Anonymoushttp://www.blogger.com/profile/03473699933180916564noreply@blogger.comtag:blogger.com,1999:blog-3213818893687750362.post-66880151478254846542014-09-08T16:38:00.001-04:002014-09-08T16:38:32.738-04:00EUR/USD ~ 8 September 2014The sell-off in the EUR/USD continues and we're quickly approaching the very strong support area at 1.275-1.28. I expect at least a small bounce at this level.<br />
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Author: <a href="https://plus.google.com/+PatrickEugsterSwiss?rel=author">Patrick Eugster</a>Anonymoushttp://www.blogger.com/profile/03473699933180916564noreply@blogger.comtag:blogger.com,1999:blog-3213818893687750362.post-36373128403567968642014-09-08T06:52:00.002-04:002014-09-08T06:52:33.816-04:00S&P 500 ~ Elliott Wave Count ~ 8 September 2014It looks like 1990 was the low of wave [iv]. Hence, we should be in wave [v] now. As mentioned in some of my earlier posts, a rally to the rising trendline, currently at 2030ish, should follow next if 2010ish is broken convincingly.<br />
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Author: <a href="https://plus.google.com/+PatrickEugsterSwiss?rel=author">Patrick Eugster</a>Anonymoushttp://www.blogger.com/profile/03473699933180916564noreply@blogger.comtag:blogger.com,1999:blog-3213818893687750362.post-13554476763135649032014-09-05T12:56:00.001-04:002014-09-05T12:56:27.313-04:00ES ~ Intraday ~ 5 September 2014The S&P futures continue to fluctuate between 1990-1993 and 2010:<br />
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It looks like we're on our way to 2010 again.<br />
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Author: <a href="https://plus.google.com/+PatrickEugsterSwiss?rel=author">Patrick Eugster</a>Anonymoushttp://www.blogger.com/profile/03473699933180916564noreply@blogger.comtag:blogger.com,1999:blog-3213818893687750362.post-767436566619687102014-09-04T18:09:00.002-04:002014-09-04T18:09:56.168-04:00S&P 500 ~ Elliott Wave Count ~ 4 September 2014The SPX has fluctuated around 2000 for the last two weeks and hasn't decided yet whether to continue the rally or not. I still think that a continuation to 2040 is possible. However, if 1984ish doesn't hold, 2011 is most likely a medium-term high. In that case, the market should move towards the <a href="http://www.wavaholic.com/2014/09/s-500-pre-market-3-september-2014.html">lower trendline</a> currently sitting at around 1930.<br />
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Author: <a href="https://plus.google.com/+PatrickEugsterSwiss?rel=author">Patrick Eugster</a>Anonymoushttp://www.blogger.com/profile/03473699933180916564noreply@blogger.comtag:blogger.com,1999:blog-3213818893687750362.post-60042053882072440202014-09-04T09:20:00.001-04:002014-09-04T09:20:30.976-04:00EUR/USD ~ 4 September 2014As mentioned <a href="http://www.wavaholic.com/2014/09/eurusd-2-september-2014.html">two days ago</a>, if 1.31ish breaks, 1.28ish should be the next target.<br />
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Author: <a href="https://plus.google.com/+PatrickEugsterSwiss?rel=author">Patrick Eugster</a>Anonymoushttp://www.blogger.com/profile/03473699933180916564noreply@blogger.comtag:blogger.com,1999:blog-3213818893687750362.post-86538445427230572702014-09-03T18:20:00.003-04:002014-09-03T18:20:31.712-04:00GDX ~ 3 September 2014After two horrendous years, gold miners have stabilized and rallied about 20 % so far this year.<br />
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It looks like the GDX has formed an inverse H&S over the last 18 months.<br />
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If 28 is broken, we should see 31 next.<br />
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Author: <a href="https://plus.google.com/+PatrickEugsterSwiss?rel=author">Patrick Eugster</a>Anonymoushttp://www.blogger.com/profile/03473699933180916564noreply@blogger.com