Archive for August 19th, 2011

Short-term Forecast for August 19, 2011

| August 19, 2011

S&P 500 Index Daily Chart Analyses The following technical and cycle analyses provide short-term forecasts for the S&P 500 index. For intermediate-term outlooks see the latest weekly review, and for long-term outlooks see the latest big picture update. Technical Analysis The S&P 500 index closed sharply lower again today, approaching previous lows of the violent […]

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Gold Surges to Another All-time High

| August 19, 2011

Gold closed moderately higher today, moving up to another all-time high for the secular bull market from 2001. Technical indicators remain bullish overall on the daily chart, strongly supporting a continuation of the advance. However, the uptrend has become extremely overbought on a short-term basis and the angle of ascent has increased twice since rebounding […]

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