Market Outlook

Jackson Hole bounce continues but it's a counter trend rally as
larger equity trends remain bearish and a USD rally lies ahead.


[I'm currently short Gold 1,857 as posted at blog]
stockmarket618.wordpress.com

 

A 5.9 wouldn't make the paper over here on the west coast.

 

Jackson Hole counter trend bounce is looking tired.

 

Jackson Hole bounce reverts to indecisive with bullish bias.

 

Volatility will be subdued until Bubble B. steps up to the podium. Hopefully he indicates no QE3 and stays out of the headlines for a very long time.

 

GOLD retracement begins...

Jackson Hole equity counter trend bounce reverts to bullish and opposite for USD.

 

Jackson Hole counter trend bounce reverts to bearish again.
It keeps fluctuating as it’s a battle between a bullish shorter
term cycle intersecting with bearish medium/longer term cycle.
The only thing guaranteed is that the bearish medium/long term
cycle will have the upper hand.

 

Jackson Hole counter trend bounce reverts to bearish again (like the bigger picture)

 

And more expected.

 

Jackson Hole vacillating intra day cycle reverts to bullish with risk of
short covering spike.