
Get Your Act Together!

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If gold is doing this amazingly well while the USD is surging, how well is it going to do when it does a U-turn and the USD plunges? Yowzah!
As a follow up to my Normal as Apple Pie post yesterday, AT&T sent me this email a few minutes ago.
Of COURSE they did.
I’ve started to change on shorter term charts to using SPY rather than SPX, QQQ rather than NDX and DIA rather than Dow as I’ve got the impression that would be more useful for most people. Feedback very welcome if anyone has a view on this.
I was saying on Thursday last week that I wasn’t expecting to see anything particularly impressive on the downside, but there were three decent rising wedges from the August lows on SPX, NDX and Dow that I’ve been watching, and a couple of short term double tops that might play out. That’s still mostly the case so I thought I’d do a quick update post on that today.
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