Posting from iphone so forgive some things and keeping it short....here's the chart
Tuesday, July 19, 2011
Here's a weekly chart of copper with SPY overlay. Copper tends to lead the market by a week or so and most know that I've been bullish copper recently. Based on this count the SP-500 should reach new highs or a double top near 1370. Keep watching!
Posted by James Genosky at 7:40 PM
Sunday, July 10, 2011
My previous recommendations asserted that we were entering a long term bull market until Oct.-Dec. 2015. I maintain that position, however I'm changing my current count from a third wave up to a 5th of 1 wave up. This basically means that a new high over 1370 should be shortable for 3-6 months, then the super bull market to all-time highs on the SP-500 should resume. Turning points will be Late July (28-29) then late December. I'm not 100% sure on this call, but something fishy in the markets and debt crises seems to be taking place.
Posted by James Genosky at 7:05 PM