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Wednesday, December 2, 2009

Chart Crazy

The US Stock market seems to be flat lining, the question is, what next? Is the market resting bfore lunging much higher, or a correction? If you know the answer for a fact, let me know.

For your enjoyment, some charts I am looking at. First up is S&P 500, will it break above bear trend line.

From WebSufinMurfs FinancialBlog2

I expect GDX to hit new highs then to roll over....but maybe this is the big move up already?
From WebSufinMurfs FinancialBlog2

From WebSufinMurfs FinancialBlog2


From WebSufinMurfs FinancialBlog2

It really is a crapshoot, but the market must go lower in the next 6 months.

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