A Market Timing Report based on the 11-15-2013 Close published Sunday November 17th, 2013
This week we end up needing to discuss that white line from last week again. That’s the target in the chart below, somewhere around 1823 at the moment and it rises higher if we consolidate our gains first. If we make it there quickly, it could limit the gains for a bit, unless as I said, the market consolidates first. Maybe we’ll have some excuse come up for a correction.
We stretched above the prior channel (yellow line is the top of the prior channel), and we are now going to hit the top of the monthly channel, which is the white line.
I am going to cover my thoughts on investor sentiment on the WSSSR Access page on the main site by the morning’s open, which you can subscribe to here: Free Subscription to My Newsletter and access to my latest comments I’ll send you back the password to the access page in the same email. You definitely want to read it. My last post on Friday tells you how I’m investing now, how much in stocks, gold, etc. It will help you think about your own portfolio and how to organize it.
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I thank Worden Brothers for the chart system I use to post these charts. If you want to know more about the charting system I use every day, go to my “Other Resources” page here: Other Resources It makes it much easier to follow along with me if you can see the charts and manipulate them on your own computer, so it’s a great investment to have an excellent charting system.
Look for updates on the main chart tracking pages this week as I feel they are needed and comments via Twitter.
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