Today’s markets

Here are two more test examples:

qqqq_070507.gif

The trend has been positive for some time on both the longer and intermediate term, and the short term cycle has given several oversold buy points.

gold_070507.gif

On the gold chart above the reverse seems to be true. Both trends are pointing down and overbought points should be sold. The inverse correlation with the stock market seems to be back on track for the moment, but correlation between markets cannot be depended on to last.