MBO Issue 25 (Jan 2014) 3 Main Themes For The Year

By Lawrence
  • Review
  • Euro Weekly Setup In Place
  • S&P Buying Opportunity
  • Gold Bulls Defeated
  • Big Picture Summary

 

Review

Euro did not quite get the best case scenario to 1.40. 1st quarter high was tagged but failed to close on daily above the resistance zone.

S&P rallied all the way to year end as expected from last issue.

Gold failed to clear the resistance zone as expected due to strong weekly bearish trend. Printed new year low on the last day of the year.

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Comments
  • mel January 2, 2014 at 8:41 pm

    LC may I just clarify where is the 10% drop measured from? ref from the S&P weekly chart.

    • Lawrence Chan January 2, 2014 at 10:29 pm

      read it again. channel mid target.

      • mel January 2, 2014 at 11:54 pm

        Yah I saw the channel mid, but when you referenced it to a 10% drop I thought you would have referenced it from some points… thanks

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