Category Archives for Jeff Cooper

An Eerie October for Stocks: Parallels You Need to See

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October 24, 1929 is referred to as Black Thursday. The DJIA was down 11% before rebounding to close down around 3%. I suspect most market players who had participated in the Roaring Twenties Bull Run suspected October 24, 1929 was a Selling Climax. It wasn’t. History remembers October 29, 1929 as Black Tuesday when the […]

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Can Gold Jump $100 in a Single Day?

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GLD exploded from a low of 168 in early March running up to 181 in early May. Notice the double bottom in early March and the double top in early May. Markets like to test. When they don’t, it’s often strong evidence a powerful V Bottom is on the table. Such is the case here […]

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The 100-Year Stock Market Flood

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A 100-Year Flood “It’s on America’s tortured brow that Mickey Mouse has grown up a cow.” –Life On Mars? Bowie X Aurora “The first panacea for a mismanaged nation is inflation of the currency; the second is war. Both bring a temporary prosperity; both bring a permanent ruin. But both are the refuge of political […]

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Blue Sky For Gold

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Blue Sky For Gold Earlier this month we wrote an article, Is A Gargantuan Gold Run At Hand. The fuse was lit quickly. GLD triggered an avalanche of sell stops but then reversed knifing back up through the “break-point” A massive gap validated the Trap Door buy setup. It was immediately followed by a combo […]

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Why TSLA Was A Short Before Earnings

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Why TSLA Was A Short Before Earnings TSLA reported after the bell on October 18th. Prior to reporting it triggered a break of a 3 point trend line, a Rule Of 4 Sell signal was issued. From the July 19th top of 299, 360 degrees down is 234. TSLA tried to hold 234 after reporting […]

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The New Not So Magnificent 7

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The New Not So Magnificent 7 “And all the roads jam up with credit and there’s nothing you can do. It’s all just bits of pater flying away from you.” The Road To Hell, Chris Rea “Everything that happens once can never happen again. But everything that happens twice will surely happen a third time.” […]

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Gold Knows

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Gold Knows “I was born in a crossfire hurricane” Jumpin’ Jack Flash, The Rolling Stones Following Monday’s gap up in GLD, Hit and Run issued a special report, Is A Gargantuan Gold Run At Hand. While Friday’s $50 plus explosion in gold took some market participants by surprise, we thought a massive move was on […]

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Can GLD Hit $191?

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Is A Gargantuan Gold Run At Hand? The above daily GLD from last November’s low shows a Neckline (red) of a Head & Shoulders top formation. Recapturing the Neckline around 175 puts GLD in a stronger position. Interestingly, just above this Neckline and 175 there is a trifecta of technical that could trigger A cascade […]

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Why the SPX Can Hit 4,000

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“Everything in the universe moves in a rhythm. Nothing happens at random. The underlying factors are, in their turn, subject to the same rhythms as the final product. The whole is not the sum of the parts but both the whole and the parts labor under similar influences.” -George Lindsay, market technician extraordinare “…crashes occur […]

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Is it Time to Panic?

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36 years ago, the wizards of Wall Street came up with “portfolio insurance” which involved selling stock index futures whenever the stock indices fell to “insure” against a draw-down. The also “perfected” program trading by which the stock index futures and individual stocks in the index were tied together—-not realizing that network structures sometimes interact […]

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