Now before you get down on Mr. Nasti's ($NASI) case, just realize he is just the bagman for the US TREAS, BOJ, BOE, ECB, ESF, JPM, and PPT. They all helped jump start the volume which has brought the mullets and some institutions back as well as BIG foreign money coming to the USA as tax dodge in their own countries. Ironic isn't, the USE Red-Letters all the other tax havens and busts them, not to increase the US's legal take, but to steal their business !
Wow what a plan !! They did that in plain view and not one figured it out !!

So Mr. Nasti is pressed back into its socks like an ill-fitting show might. The $64 Question is, how far could it go, UP, and how probable will each $ in gain make the succeeding harder or easier. You could say its NOT NORMAL or is that NEW NORMAL ? No one knows for sure, but for me NORMAL does not really exist except in some Economist's mind.

Now looking at the NYSE's price Average NYA, you can see a serious double bottom. At which Point I ask you, that if tasked with keeping markets in the UP position, would this not be a good place to start. Using that Model you could be thinking +500 points on this NYA price Index, or even back to Jan 2 levels. It it had to Prove Up,, it would have to better that level, so I guess that means it could go up that far before a definiative test could take place.

JOY in Mudville, right? Despair in Gold Bugz Towne, as well. Well cheer up Bunkie, "Tell ya what I agonna do for you today !!" Keep hammering, keep pumping, until Ya got those dots on the other side of the line.

So Mr.Nasti suggests we could visit R1, which may it be, about the same level as last Jan 2 or 3? How long? if this move took a month, then a half month seems right. Beware the Ides of March? Will that be the time the march to the Straits of Hell begin?

Just as a reference, here is what GDX looks like, as I wait for it to find its own level:

By Denali Guide

http://denaliguidesummit.blogspot.ca

To the the charts involved, go here, to my Public Stock Charts Portfolio, and go to the last section. All charts update automatically. http://stockcharts.com/public/1398475/tenpp/1

© 2016 Copyright Denali Guide - All Rights Reserved
Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.

Only logged in users are allowed to post comments. Register/ Log in

The Market Oracle is a FREE Financial Markets Forecasting & Analysis web-site.
(c) 2005-2024 MarketOracle.co.uk (Market Oracle Ltd) - Market Oracle Ltd asserts copyright on all articles authored by our editorial team and all comments posted. Any and all information provided within the web-site, is for general information purposes only and Market Oracle Ltd do not warrant the accuracy, timeliness or suitability of any information provided on this site. nor is or shall be deemed to constitute, financial or any other advice or recommendation by us. and are also not meant to be investment advice or solicitation or recommendation to establish market positions. We do not give investment advice and our comments are an expression of opinion only and should not be construed in any manner whatsoever as recommendations to enter into a market position either stock, option, futures contract, bonds, commodity or any other financial instrument at any time. We recommend that independent professional advice is obtained before you make any investment or trading decisions. By using this site you agree to this sites Terms of Use. From time to time we promote or endorse certain products / services that we believe are worthy of your time and attention. In return for that endorsement and only in the cases where you purchase directly though us may we be compensated by the producers of those products.