Opening Report – 28 March 2013

2. UK FTSE 100

FTSE is now at 6384 down 2 points. The form of this decline, though deep, is corrective at this point suggesting we have more upside to come [Read the full report]

The DAX is now at 7786 down 2 points. Similar here and this decline could also be a final “c” wave decline, but may all depend on the Dow [Read the full report]

4. The US DOW

The Dow closed yesterday at 14526 down 33 points with the spread betters now quoting it at 14496 (-30). The chart below is fairly confusing, which is why I wanted the video clip, but basically the two options are that we have seen the peak at 14563 [Read the full report]

5. The Japanese NIKKEI DOW

The Nikkei Dow closed this morning at 12335 down 157 points. The Nikkei continues to move ahead – we remain officially invested in Japan [Read the full report]

6. US T-BOND

Bonds are rallying again and any move above 145^10 would negate the current bear pattern. We remain officially 50% short of shorter dated bonds [Read the full report]

7. Gold ( UK cash)

Gold has seen a fairly big rally in terms of time and it is now too long for that wave iv, but it is still corrective, at this point. The longer term wave count still counts this whole decline off the top as a wave 4 of higher degree so I still look for new highs [Read the full report]
8. FOREX

GBP/USD is now rallying and I suspect this is wave 4 but it is also possible it is wave TWO of higher degree. If it is wave 4 there may just be one more rally to come before we go down again to see wave 5 [Read the full report]

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Opening Report – 5 March 2013

1. Introduction

I continue to look for new all-time highs on the Dow with other equity markets not doing too much at this point. That wave iv rally on £/$ is now coming in.

2. UK FTSE 100

FTSE closed yesterday at 6345 down 32 points with the spreadbetters now (01h30) quoting it at 6275 (+30). FTSE has still not reached 6400 but it looks like it will – albeit an obscure wave pattern [Read the full report]

3. The German DAX

The DAX closed yesterday at 7691 down 16 points with the spread betters now quoting it at 7741 (+50). Hereto the impetus for a peak has been lost and higher prices look likely [Read the full report]

4. The US DOW

The Dow closed yesterday at 14127 up 38 points with the spread betters now quoting it at 14142 (+15). I look for a move above 14200 but there are various variables [Read the full report]

5. The Japanese NIKKEI DOW

The Nikkei Dow is now at 11770 up 117 points. The Nikkei looks good but may also have seen five waves up [Read the full report]

6. US T-BOND

Bonds really need to sell off to sustain the bear pattern [Read the full report]

7. Gold ( UK cash)

Gold has fallen back below $1600. The longer term wave count still counts this whole decline off the top as wave 4 [Read the full report]

8. FOREX

GBP/USD is rallying and this counts best as wave iv of 3, see chart below (arrows are only indicative) but it may be more significant than that after the decline we have seen [Read the full report]

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