This blog is a free service since the beginning. If this site has contributed to your trading/investing style in any way and you feel generous today, there are two donation buttons on the left side. Thanks for supporting this site by turning off your ad-block software and visiting the adverts.
So by inferrence...gold and GDX should continue to rise.Just a reminder to watch for around Aug 29 for the margin debt update.Another decline(and faster decline at that)would probably indicate April was the peak and July was the stock market top.We ll see.
Thought I d let you know that margin debt for July went UP to 382b..just short of the April high of 384b.Previous month was 376b.So my analysis would be no stock market top yet.Cheers.
Margin debt for July ROSE 6 b to 384b back up to within aprils peak of 386b.If it had decreased to say 370 b we could deduce a market top.Not yet in my opinion.Cheers.
So by inferrence...gold and GDX should continue to rise.Just a reminder to watch for around Aug 29 for the margin debt update.Another decline(and faster decline at that)would probably indicate April was the peak and July was the stock market top.We ll see.
ReplyDeleteHope you are right. Thanks for the update again.
ReplyDeletewww.nyxdata.com....that ll take you right to margin debt info.Two slight down months since Aprils peak.This will be very interesting.
ReplyDeleteThought I d let you know that margin debt for July went UP to 382b..just short of the April high of 384b.Previous month was 376b.So my analysis would be no stock market top yet.Cheers.
ReplyDeleteMargin debt for July ROSE 6 b to 384b back up to within aprils peak of 386b.If it had decreased to say 370 b we could deduce a market top.Not yet in my opinion.Cheers.
ReplyDeleteThanks anonymous. :) I have the same opinion. The push we saw this week is quite strong. My ultimate target was 1725. Maybe we will make it this time.
ReplyDelete