MBO Issue 44 (Aug 2015) Cleanest Dirty Shirt Is Back

By Lawrence

MarketBiasObserver

Content

  • Review
  • Euro’s Roller Coaster Ride Down To Par
  • S&P Breadth Correction Completed
  • Gold Going Lower
  • Big Picture Summary

 

Review

The expectation of a painful take down of euro was spot on. Instead of a smooth drop lower, we have cloak and dagger drama politically, leading to twists and turns in euro. At the end, Euro still went lower.

The 5% correction in S&P completed last month with very strong interest in buying that dip. After the initial buying rush, the old resistance zone still stopped the rally stone cold. S&P ended up going nowhere by the end of the month.

Gold has started its flush out process that I warned about last month.

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Comments
  • smilingsynic August 6, 2015 at 11:17 pm

    Hi, LC. The first essay is done. I will be sending it to you on Friday. Please look for it under the name “Jeff Adams”. That is another email account I use to register for online offers (a way to track when I get junk mail).. Please understand I do not want to send it by my work email, for obvious reasons.

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