WD Gann would be short stocks now !

[icm63]

non subscribers : http://chart.ly/6avs9c

See the NYSE world leaders index, Gann lines.. Real support at 4400

FYLGANN.jpg

[icm63]

Re: WD Gann would be short stocks now !

Check out this analysis, in line with technical chart:
http://kingworldnews.com/kingworldne...Griffiths.html

[lalla]

Re: WD Gann would be short stocks now !

thanks, loved it.

[pksubs]

Re: WD Gann would be short stocks now !

Check out this analysis, in line with technical chart:
http://kingworldnews.com/kingworldne...Griffiths.html

How good is this guy, and how reliable are his forecasts ?

Here's the summary for those who didn't get to listen in :

Equities lose momentum through August 2010, and head down in Sept, making a low in Oct. He's very specific about the date, calls it out as Oct 26. The drop he expects is 15%, taking the S&P to 940. From there on, he expects a seasonal rally to take the market up to a peak in March 2011. The rally he expects will take the S&P back up to 2010 highs. He expects QE decisions in 2011, but does not expect it to work, as he does not expect consumer spending to increase. Therefore 2011 is the year where you get the 'double dip', with lows being made EOY 2011. He regards end 2011 as a buying opportunity, though he expects 2011 lows to persist, with markets generally moving sideways for a long time.

As regards gold, he sees lows in October 2010, to match the behaviour of equities, but he expects gold to rocket when the double dip is visible in 2011, and people begin to use it as insurance. He called out $2500 as a possible price target in 2011/2012.

[BiscayneSunrise]

Re: WD Gann would be short stocks now !

icm, thanks for the extra data point. As has been discussed on a couple of other threads, it looks like our little summer rally that began on July 6th has pretty much run out of steam. if one has not already sold most long positions, holding them any longer would be awfully risky.
Any profits made over the past few weeks should now be used to purchase gold.

[icm63]

Re: WD Gann would be short stocks now !

Like the audio said, gold may dip to $1040, but if you not fussy: $USD ( or cash LONG UUP) or gold is best bet !

if you like the above story of course ( at your own risk etc etc)

[icm63]

Re: WD Gann would be short stocks now !

Caution on shorts:
UPDATE : Caution on shorts http://www.zerohedge.com/article/tra...pomo-days-back

No matter 1125 will be a b*tch to pass on the SP500 !