With the critical mid-term elections tomorrow weighing in the balance, it seems that most investors are standing on the sidelines, waiting for something big to happen. But in my opinion, they’re going to be sorely disappointed. Other than perhaps some short-term market gyrations, the trends you’ve been witnessing over the past few months will remain in place, only their momentum will likely increase in the weeks and months ahead.
And no matter what the Federal Reserve announces on Wednesday regarding its money printing operations, don’t you be fooled by that either: The Fed, no matter how much money printing it will announce, will always have the ability to print more money. It also has a lot more ammo up its sleeves.
Having said that, I think today is a great time to give you an objective update of my market roadmaps for the Dow, gold and oil. They are cyclical charts based on actual signals from my computer models.
I watch these signals very closely because they tell me when a fork … speed bump … an acceleration of recent trends … or even a U-turn is coming in the markets. They are critical indicators, and they should not be ignored. (more)
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