Thanks for comments guys, and great chart Dan! I think it is fair to say it is prudent to be cautious right now, and also there is always a bull market somewhere! (as money never sleeps - forgot who said that). I am watching GDX. It is sitting at 6 years low, distressed most, and it has to bottom out some time down the road. As always, patience will be rewarded. Good luck guys!
Could well have topped, judging by the price action over the last couple of weeks and the recent decline. If correct it could be confirmed soon with longer term rising trendline support being breach to the downside. I posted my chart some time ago which would agree with yours. Great job.
Well it is not necessarily intended to be Doom & Gloom. We are traders and it is price action we analyse and trade. Many might have been saying Doom & Gloom for 10 years but clearly have been premature or rather this has been very confusing market for all of us. Anyway, hope you benefit from it.
Thanks for your comments. You may be right, though I am not one of them. In fact as far back as Sept 2012 I have a chart where I expected 16k-17k as potential topping zone for Dow for example. Timing wise it was late 2013-early 2104. So timing wise taken little longer than originally anticipated, but still within the ball park zone. Most important thing going forward is how you will take advantage of the developing move and indeed which direction. That I suppose will depend on which way we are positioned and how how the price action will develop in reality. http://www.screencast.com/t/oG9OjDiRUx
I have that chart more than once from many sources :) noone can predict the future , one cant tell me what happens tomorrow even - we suppose, expect. And expectations change with each new bar - one has to keep himself updated, hence he won't be the one left *holding the bag*