AllAboutTrends midday update shows how the S&P is following a classic structure: it dropped below a recent trendline of support, came back to retest from below, and has since fallen off. This is a bearish sign, at least with respect to the rise since mid-March. The bears are out quickly to say "it's the end!" while some more cautious pundits like Neely see a final and more vioent upwards thrust to come.
Neely is a rare genius. Over the last 20 years he has identified some major and valuable new wave discoveries.
This latest April call from Neely is looking like genius.
Posted by: Trader Tom | Monday, April 08, 2013 at 06:22 AM
Bitcoin went vertical this weekend despite all the top pickers saying $140 was the top.
Bitcoin at $200!!!! WOW!
Posted by: Jerry | Monday, April 08, 2013 at 08:02 AM
Bitcoin is now the Black Swan event of 2013.
No one has seen a Black Swan like bitcoin.
Posted by: Jerry | Monday, April 08, 2013 at 08:04 AM
seems like we are in a new stage of the bull market peoples. Hold on to your hats and your testicles. haha. -> http://sentiment-trader.blogspot.com/2013/04/bull-market-stages-bull-market-stages.html
Posted by: emma | Tuesday, April 09, 2013 at 05:39 AM
Litecoin is up over 5000% over the past couple weeks
http://www.ltc-charts.com/
Posted by: Virgil | Tuesday, April 09, 2013 at 02:22 PM
"seems like we are in a new stage if the bull market peoples"
Based on what observation?? Most of the sentiment measures I look align with stage 4 or 5 in my opinion.
Taz
Posted by: Dan | Tuesday, April 09, 2013 at 02:38 PM
These bit/lite coins may change the world for the better.
Posted by: Jay | Wednesday, April 10, 2013 at 06:20 AM
I don't think Denninger is correct.
BTC has a lot of support at 40 - 50.
It has so far done zigzag down and the second
zag appears to be five waves
Posted by: Virgil | Friday, April 12, 2013 at 03:59 AM