Is stock index rally running out of steam? Some thoughts on Fibonacci

So far all predictions for the demise of this powerful stock market rally have been wrong. Certainly we’ll hear of all the successful forecasts after the fact, as we always do. It’s a little more difficult to call a top in real time. Every time the market looks like it is going to finally pull…

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Some thoughts on recent market action, and George Soros

Many financial markets continue on what seems to be a never-ending path upward as the dollar continues on its path downward. The chart above shows the daily action of the etfs representing the S&P 500 in the upper sub-graph, and the Nasdaq 100 in the lower. Trends in both are clearly up. Every attempt at…

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