Sunday 20th January 2008: 4.28 p.m.
What a boring week for gold - but not if you are a stock investor. Take a look at this trio of charts on stockcharts.com to see why. There is a daily chart, a weekly chart and a Point and Figure (P&F) chart, the P&F showing a triple bottom breakdown. For discussion on this together with a prediction of a likely stock market crash if there isn't an immediate bounce from these highly oversold levels, take a listen to the first part of Financial Sense Newshour on 19/01/2008 with Robert McHugh and Gary Dorsch on this mp3. Robert McHugh point out that the wide measure of the US stock market, the Willshire 5000 has lost 2.6 Trillion dollars in the last 3 months.
No comments:
Post a Comment