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Bradley timing model for 2014 to-date

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Since our last post about this topic in February, the Bradley Siderograph has continued to work fairly well for predicting turns in equity indices. The chart below includes a projection into August 2014.

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The looming surprise in Silver

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[From our forthcoming e-book] Some traders were initially treating the decline as a large fourth-wave correction, and those traders “knew” that a fourth wave could not extend below the top of the prior first wave—i.e., the top of the price action in 2008. Those traders were wrong, of course.

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S&P100 (OEX) monthly, weekly 2014-03-25

The monthly chart has what I think is the very big picture wave count on it. Using 2000 as an orthodox top, everything since then is part of a very large corrective formation that is due for one last large decline before entering a constructive bull phase…

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Help us choose our next book cover

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Our forecast for Q2 markets is almost ready to publish at the Amazon Kindle store! Please help us choose the cover image from these four candidates.

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New York Composite (NYA) weekly 2014-03-24

This is one of my current favorite equity charts. We have a broad index that has a nice wave count, with negative divergence, and at significant resist.

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Podcast: Review of Market Action in Gold, Copper, and NYA

Links to posts mentioned in the podcast.

Gold still seeking lower low

Copper bubble punctured

NYSE fully formed count

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Silver futures monthly, weekly 2014-03-20

Silver is in much the same position as gold with the exception that silver has not exceeded the monthly channel.

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Gold futures monthly, weekly, daily 2014-03-20

I have been stubborn for the last two months with the view that gold is still corrective and needs to make a new low and remain so. The structure from the June low of last year works well as a 3-3-5 corrective formation that may have just ended.

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Copper – slightly updated support levels

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Copper has been hit hard this month. As a follow-up to our previous copper post, this weekly chart shows slightly revised target/support levels. This chart shows prices from the end of Tuesday, so today’s decline isn’t reflected.

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Copper bubble is being punctured

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For several reasons, China is an enormously important part of the global market for copper, and now it is dragging the price of copper down because of changes in both demand and supply.

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