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Trader Insights – Wednesday, Oct. 29

We are still treating the rally from mid-october in the S&P 500 as a corrective “B” wave, with the expectation of a strong decline in “C” into mid-November.

Gold: the bleeding is almost over

Longer-term traders should start watching for an entry

Trader insights – Friday, Oct. 24

Now, the major indices are re-testing the areas where they broke through supports. This is a likely area to watch for another leg of the correction to begin.

Trader insights – Wednesday, Oct. 22

The sharp rally from last Wednesday has taken most of the credibility away from the case that U.S. stock indices are declining from THE high.

Trader insights – Friday, Oct. 17

The size and complexity of the rally from Wednesday suggest it could be a completed fourth wave.

Trader insights – Wednesday, Oct. 15

The gap down this morning in U.S. indices probably represents a minor low, and the market should be preparing for an upward retrace that could last a day or longer. In currencies, the Dollar rally is still strong, and the recent correction probably represents part of a small fourth wave that will precede a climb higher into late October or November.

Bradley timing model for late 2014

The inflections of the Bradley Siderograph on July 16, August 8, and September 22 proved to be especially significant. Here are the next dates to watch.

Trader insights – Monday, Oct. 13

The Dow probably will erase its gains since February fairly quickly, although there may be a re-test of the broken trend line from below before price resumes falling.

Trader insights – Friday, Oct. 10

We are now provisionally treating the breakdown that we have seen on a small time frame as an indication that prices want to fall below recent supports in a powerful third wave in SPX and in similar patterns in the other indices.

Trader insights – Thursday, Oct. 9

The structure of Wednesday’s rally in the U.S. indices appeared to contain five waves, making it “impulsive” and suggesting that it was merely the first part of a larger upward correction… However, we must emphasize that this is a tricky area.