Thanks for the update, that's what I suspected: $USD broke its resistance at 77.18

My bad, you said it much better. Would it be proper to say that

MA(20) defines the short-term trend, MA(50) defines the intermediate-term trend and MA(200) defines the long-term trend? (A "golden" cross then ensures that both inter-mediate and long-term trends are either confirmed bullish or confirmed bearish, for example.)

So, is MA(20) on daily charts a watershed line between up-move and down-move in this situation? On the $SPX MA(20)=1125 is the (last) support for the bulls that was mentioned many times in intraday updates. I am trying to figure out a general principle here. Thanks for any practical knowledge in this regard.

Investors Business Daily recommends using MA(50) in this situation, however, on many stocks it is quite far from the current prices.

It looks like CAAS is in its wave 2 or in early wave 3 down. Any suggestion for a good short entry point? EMA(84)=23.87 on 15-minute charts?

Similarly, CSIQ is definitely in its wave 3 down, with wave 1 being completed today. Any suggestion on this beast (I don't have much luck trading it)?

It looks to me that way on the dailies.

Then to give those guys a big loss, market should move down, not up. The last time I checked the max pain number was 112 on SPY.

Which indirectly supports my point: those books have been intentionally hidden to prevent discovery of the truth.

perth, you are most likely right. What troubles me that we still have not reached the targets for the $USD ( MA(50) and have not retraced much of the $gold's decline). Therefore, I'd venture to say that we are still in wave B and have not seen its highs yet. Perhaps, next week like you projected earlier.

1970s or 1840-70s? Have you got books from those times? There are multiple cylces going, so Mr Jones is partially right. And partially wrong.

correction, 2 completed waves on the 60-minute charts, and this is the beginning of wave 3 down. Then any bounces of GDX should be shortable.

perth, I could count two waves completed recently, 4 altogether, and today is wave 5 down. Watch $USD, 77.18 or above would mean that wave 3 up has started. Probably 49.85 is as high gdx could possibly go up.

rp, whoo hoo! Let us know when you go for it. I've been holding IYR short since December 30 at 48.70, I have not been stopped out, it looks like your plan may work well.

perth, I concur. The max pain on GDX is at 47, last time it worked to a tee in December. 

Sorry for posting an unrelated comment intraday.

macnsc, Thank you very much for this link, this is the clearest explanation I've seen so far.

I worked for the last census in 2000 and was paid $10/hour. the sentiment was more favorable to the government back then. Probably $25/hour is the minimum that I would consider doing it, if I were totally broke and needed _that_ kind of money badly. People could lash out at you now, just because you do it for the government. It's not pretty.

BVN has retraced almost 61% of its decline, while BPGDM has barely moved up. Trade your individual stocks instead of the index, it seems.

Could anyone explain what's happening with JASO? Quiet selling into the strength on its way down or something else?

$gold holds up, so there is another push higher to come, IMO.