adam39

adam39

If this December 2013 bubble behaves anything like the previous two, this is what we should expect: - Daily MA-55 need to top out, then bottom out - One last drop to 565 - Then we exit the bubble and head out to future prices, what ever they might be Please see the first and second bubble charts, illustrating exactly the same behaviour: AUG 2012: APRIL 2013:

adam39

This is the second of 3 major bubbles. Please see the state of the current 3rd bubble here:

adam39

This is the first of 3 major bubbles. Please see the state of the current 3rd bubble here:

adam39

RSI and volume is rising, 850 is begging to be broken and will not hold for long. The next week or two should have high volatility leading up to 1000 again. The late relative series of good news should give the needed push to accomplish this.

adam39

Expect more swings in the coming months

adam39

Under pressure from the regression trend from the top and global and local up trend - Sunday/Monday at most a breakout will occur either up or down. Multiple indications predict it will be up: KST reversal, MACD reversal, DMI D+ approaching D- and index above 30, RSI tipped 51, MA-55 breached and rising, Stoch is rising steadily, no overbought signals, ribbon...

adam39

Same pattern as the previous drop. A sideways market is expected for the next 2-4 days, after which a drop to ~500 is expected.

adam39

OBV divergence - current trend is down

adam39

The top resistance or bottom support line ?