This is lookin' good for the Bulls. It's about time, too.
*
The TSI, as you can see, has made a series of higher highs and has just made a ZERO line crossover.
*
Price should go higher today and will be identified as having topped out if the TSI makes a lower high. Another thing to keep an eye on is that rising trend line on the TSI. If it gets broken (and of course it will at some point) that would also identify a top in price.
*
Click on the chart to ENLARGE
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/images/quotes_special.gif)
So what's next? Is the rally over or is it just starting?
ReplyDeleteHonestly, I think tomorrow we see the 2nd batter of the 1st inning from the Visiting team at the plate. In other words, this is just the shot across the bow before the fun begins.
ReplyDeleteThanks John, so you think the markets are in for a huge move up? I think that's what you were saying, you sure picked the bottom yesterday!
ReplyDeleteThe thing no one, apparently, is following is the US Dollar. If you recall many posts back I credited the mean 'ol dollar with causing stocks so much grief. Anyway, the huge multi month run up we have had in the dollar has been now crushed - ie it is now making lower lows and no longer behaving like it is in cyclical bull mode. As the dollar continues to drop, and it will as the world loses faith in the US insane plan to deal with a debt crisis with MORE DEBT and money printed, this will be favorable for the stock market and better yet, will set off the gold parabolic. Hold onto your mining shares, in other words.
ReplyDelete