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<title>Minyanville - David Banister RSS</title>
<description>
The Trusted Choice for the Wall Street Voice
</description>
<link>
		http://www.minyanville.com</link>
<copyright>
		2013Minyanville Publishing and Multimedia, LLC. All Rights Reserved
</copyright>
		<item>
<title><![CDATA[A Market Correction Is Near, but Is It Time to Bail Out of Stocks?]]></title>
<link>
			http://www.minyanville.com/business-news/markets/articles/Stock-market-correction-Is-near-Bull/5/13/2013/id/49769</link>
<pubDate>
			Mon, 13 May 2013 09:11:00EST
</pubDate>
<guid isPermaLink="true">
			http://www.minyanville.com/business-news/markets/articles/Stock-market-correction-Is-near-Bull/5/13/2013/id/49769</guid>
<description>
<![CDATA[The S&P 500 (INDEXSP:.INX) has been on a tear as we all know especially, especially since it bottomed at 1343 several months ago.  My work centers around forecasting using Elliott Wave Theory along with other technical indicators. This helps with projecting the short, intermediate, and longer term paths in the stock market and also precious metals. This larger picture bull cycle started in March of 2009, interestingly after an exact 61.8% Fibonacci retracement of the entire move from 1974 to 2000 lows to highs.  At 666, we had completed a major cycle bottom with about nine years of movement to ]]>
</description>
<content:encoded>
	<![CDATA[The S&P 500 (INDEXSP:.INX) has been on a tear as we all know especially, especially since it bottomed at 1343 several months ago.  My work centers around forecasting using Elliott Wave Theory along with other technical indicators. This helps with projecting the short, intermediate, and longer term paths in the stock market and also precious metals. This larger picture bull cycle started in March of 2009, interestingly after an exact 61.8% Fibonacci retracement of the entire move from 1974 to 2000 lows to highs.  At 666, we had completed a major cycle bottom with about nine years of movement to ]]>
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			</item>
			<item>
<title><![CDATA[The Long and Winding Gold Bull Cycle Is About to Begin]]></title>
<link>
			http://www.minyanville.com/sectors/precious-metals/articles/The-Long-and-Winding-Gold-Bull/4/5/2013/id/49093</link>
<pubDate>
			Fri, 5 Apr 2013 10:25:00EST
</pubDate>
<guid isPermaLink="true">
			http://www.minyanville.com/sectors/precious-metals/articles/The-Long-and-Winding-Gold-Bull/4/5/2013/id/49093</guid>
<description>
<![CDATA[The dramatic 2- to 3-day takedown in gold spot pricing action smells and looks like capitulation to me. My firm has been calling this entire 19- to 20-month consolidation period a Primary wave 4 correction pattern, though it&#39;s complicated for sure.  It has had multiple false rallies and buy and sell signals the entire time. With that said, the pattern is set up for a final fifth wave decline, which we are seeing now at the beginning of April.

Traditionally, gold tends to meander or be weak in April anyway on a seasonal basis. This sets gold up to rally ]]>
</description>
<content:encoded>
	<![CDATA[The dramatic 2- to 3-day takedown in gold spot pricing action smells and looks like capitulation to me. My firm has been calling this entire 19- to 20-month consolidation period a Primary wave 4 correction pattern, though it&#39;s complicated for sure.  It has had multiple false rallies and buy and sell signals the entire time. With that said, the pattern is set up for a final fifth wave decline, which we are seeing now at the beginning of April.

Traditionally, gold tends to meander or be weak in April anyway on a seasonal basis. This sets gold up to rally ]]>
</content:encoded>
			</item>
			<item>
<title><![CDATA[Market Reaches Final Stages of the S&P 500 Advance]]></title>
<link>
			http://www.minyanville.com/business-news/markets/articles/S2526P-500-255EGSPC-S2526P-500-technical/3/6/2013/id/48568</link>
<pubDate>
			Wed, 6 Mar 2013 12:20:00EST
</pubDate>
<guid isPermaLink="true">
			http://www.minyanville.com/business-news/markets/articles/S2526P-500-255EGSPC-S2526P-500-technical/3/6/2013/id/48568</guid>
<description>
<![CDATA[My firm has been projecting a potential rally pivot at 1552-1576 for many weeks now. Though harrowing, the recent drop to 1485 was a normal Fibonacci retracement of the last major rally leg to 1531 pivot highs. We believe that this five-wave advance from the 1343 pivot lows is nearing an end based on mathematics and relationships to prior waves 1-3.

At 1569, the S&P 500 (INDEXSP:.INX) would mark a perfect Fibonacci relationships to waves 1-3 for this final fifth wave to the upside. In the big picture, we are still working higher off the 1010 pivot lows on the ]]>
</description>
<content:encoded>
	<![CDATA[My firm has been projecting a potential rally pivot at 1552-1576 for many weeks now. Though harrowing, the recent drop to 1485 was a normal Fibonacci retracement of the last major rally leg to 1531 pivot highs. We believe that this five-wave advance from the 1343 pivot lows is nearing an end based on mathematics and relationships to prior waves 1-3.

At 1569, the S&P 500 (INDEXSP:.INX) would mark a perfect Fibonacci relationships to waves 1-3 for this final fifth wave to the upside. In the big picture, we are still working higher off the 1010 pivot lows on the ]]>
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			</item>
			<item>
<title><![CDATA[Playing the ABC Gap Fill for Swing Trading Entry]]></title>
<link>
			http://www.minyanville.com/trading-and-investing/stocks/articles/Playing-the-ABC-Gap-Fill-for/2/27/2013/id/48424</link>
<pubDate>
			Wed, 27 Feb 2013 16:45:00EST
</pubDate>
<guid isPermaLink="true">
			http://www.minyanville.com/trading-and-investing/stocks/articles/Playing-the-ABC-Gap-Fill-for/2/27/2013/id/48424</guid>
<description>
<![CDATA[One of my firm&#39;s favorite "crowd behavioral" patterns is the ABC gap fill pattern. This is a normal correction pattern in the stock market that works off overbought sentiment. You can apply this to liquid individual stocks in most cases, and look ahead to spot potential entries on your watch list for trading.

A sample we will use today is the fast-growth stock of the leading luxury retailer Michael Kors (NYSE:KORS). Several days in advance, we suggested watching for a gap fill at $57 on this stock before entering a long trade. We also spotted what looked like a classic ]]>
</description>
<content:encoded>
	<![CDATA[One of my firm&#39;s favorite "crowd behavioral" patterns is the ABC gap fill pattern. This is a normal correction pattern in the stock market that works off overbought sentiment. You can apply this to liquid individual stocks in most cases, and look ahead to spot potential entries on your watch list for trading.

A sample we will use today is the fast-growth stock of the leading luxury retailer Michael Kors (NYSE:KORS). Several days in advance, we suggested watching for a gap fill at $57 on this stock before entering a long trade. We also spotted what looked like a classic ]]>
</content:encoded>
			</item>
			<item>
<title><![CDATA[Gold Should Be Completing a Cyclical Low In February]]></title>
<link>
			http://www.minyanville.com/sectors/precious-metals/articles/Gold-Should-Be-Completing-a-Cyclical/2/22/2013/id/48327</link>
<pubDate>
			Fri, 22 Feb 2013 16:40:00EST
</pubDate>
<guid isPermaLink="true">
			http://www.minyanville.com/sectors/precious-metals/articles/Gold-Should-Be-Completing-a-Cyclical/2/22/2013/id/48327</guid>
<description>
<![CDATA[Over the past five calendar years we have seen gold either complete an intermediate cyclical top or bottom in each February.  My forecast was for February of 2013 to be no different and for gold and silver to make trough lows this month.  With that said, I did not expect the drop in gold to go much below $1,620 per ounce at worst, but in fact it has. Where does that leave us now on the technical patterns and crowd behavioral views?

First let's examine the last five years. You can see how I noted tops and bottoms in the ]]>
</description>
<content:encoded>
	<![CDATA[Over the past five calendar years we have seen gold either complete an intermediate cyclical top or bottom in each February.  My forecast was for February of 2013 to be no different and for gold and silver to make trough lows this month.  With that said, I did not expect the drop in gold to go much below $1,620 per ounce at worst, but in fact it has. Where does that leave us now on the technical patterns and crowd behavioral views?

First let's examine the last five years. You can see how I noted tops and bottoms in the ]]>
</content:encoded>
			</item>
			<item>
<title><![CDATA[Precious Metals and Stocks Poised to Ramp Higher in 2013]]></title>
<link>
			http://www.minyanville.com/sectors/precious-metals/articles/Precious-Metals-and-Stocks-poised-to/1/22/2013/id/47555</link>
<pubDate>
			Tue, 22 Jan 2013 15:05:00EST
</pubDate>
<guid isPermaLink="true">
			http://www.minyanville.com/sectors/precious-metals/articles/Precious-Metals-and-Stocks-poised-to/1/22/2013/id/47555</guid>
<description>
<![CDATA[It's been a long drawn-out corrective affair with the precious metals since the August-September 2011 top that seems so long ago right now. During that last spike period where gold rallied to just over $1900 per ounce, my firm had mentioned many times in articles that gold was likely peaking in a wave 3 of excitement and high powered bullish sentiment. The "tells" were the articles, the CNBC mentions, the daily "CNBC GOLD" ticker at the top of their screen, and the cover of a major magazine. 

Since that time, we believe gold has been consolidating in what we term ]]>
</description>
<content:encoded>
	<![CDATA[It's been a long drawn-out corrective affair with the precious metals since the August-September 2011 top that seems so long ago right now. During that last spike period where gold rallied to just over $1900 per ounce, my firm had mentioned many times in articles that gold was likely peaking in a wave 3 of excitement and high powered bullish sentiment. The "tells" were the articles, the CNBC mentions, the daily "CNBC GOLD" ticker at the top of their screen, and the cover of a major magazine. 

Since that time, we believe gold has been consolidating in what we term ]]>
</content:encoded>
			</item>
			<item>
<title><![CDATA[A Technical Update on the Mini-Crash in Gold]]></title>
<link>
			http://www.minyanville.com/sectors/precious-metals/articles/A-Technical-Update-on-the-Mini/1/4/2013/id/47150</link>
<pubDate>
			Fri, 4 Jan 2013 11:25:00EST
</pubDate>
<guid isPermaLink="true">
			http://www.minyanville.com/sectors/precious-metals/articles/A-Technical-Update-on-the-Mini/1/4/2013/id/47150</guid>
<description>
<![CDATA[Let&#39;s make one thing clear: Nobody I know, including myself, predicted that gold would drop from 1690 to 1625 inside of 48 hours this week. That was not in the charts and so I won't even pretend I was going to see that train coming through the tunnel.

With that said, let&#39;s try to let the dust settle but take a look objectively at some possibilities.

1. We all know that some FOMC minutes released did in fact cause some major downside in gold based on potential for eventual end to QE in the US down the road. It did ]]>
</description>
<content:encoded>
	<![CDATA[Let&#39;s make one thing clear: Nobody I know, including myself, predicted that gold would drop from 1690 to 1625 inside of 48 hours this week. That was not in the charts and so I won't even pretend I was going to see that train coming through the tunnel.

With that said, let&#39;s try to let the dust settle but take a look objectively at some possibilities.

1. We all know that some FOMC minutes released did in fact cause some major downside in gold based on potential for eventual end to QE in the US down the road. It did ]]>
</content:encoded>
			</item>
			<item>
<title><![CDATA[The Area on the S&P 500 That's Most Important for Bulls]]></title>
<link>
			http://www.minyanville.com/business-news/markets/articles/The-Area-on-the-S2526P-500/1/4/2013/id/47135</link>
<pubDate>
			Fri, 4 Jan 2013 10:10:00EST
</pubDate>
<guid isPermaLink="true">
			http://www.minyanville.com/business-news/markets/articles/The-Area-on-the-S2526P-500/1/4/2013/id/47135</guid>
<description>
<![CDATA[The S&P 500 (INDEXSP:.INX) has been in a potential 5 wave rally going all the way back to October 2011 lows of 1074. This type of 5 wave rally is common in a bull market, but must be watched closely as it could also signal another large correction just around the corner from current 1464 levels on the S&P 500 Index. Once you complete a 5 wave bullish pattern, there is commonly a 3 wave corrective decline, therefore determining where those key pivot points are is crucial for market watchers.

If we take a look at the length of the ]]>
</description>
<content:encoded>
	<![CDATA[The S&P 500 (INDEXSP:.INX) has been in a potential 5 wave rally going all the way back to October 2011 lows of 1074. This type of 5 wave rally is common in a bull market, but must be watched closely as it could also signal another large correction just around the corner from current 1464 levels on the S&P 500 Index. Once you complete a 5 wave bullish pattern, there is commonly a 3 wave corrective decline, therefore determining where those key pivot points are is crucial for market watchers.

If we take a look at the length of the ]]>
</content:encoded>
			</item>
			<item>
<title><![CDATA[RIM, Nokia, and Vivus Case Studies: Don't Blink or You'll Miss the 'B' and 'C' Waves]]></title>
<link>
			http://www.minyanville.com/business-news/markets/articles/B-Wave-Is-the-Seminal-Event/12/28/2012/id/46997</link>
<pubDate>
			Fri, 28 Dec 2012 09:35:00EST
</pubDate>
<guid isPermaLink="true">
			http://www.minyanville.com/business-news/markets/articles/B-Wave-Is-the-Seminal-Event/12/28/2012/id/46997</guid>
<description>
<![CDATA[The work at my firm centers around a combination of fundamentals and catalysts, and crowd behavior. Yes, it's crucial to understand herd mentality if you want to consistently enter profitable swing trades at the right time and price. The seminal event is analogous to what is called "the tipping point" in a new development stage of a company. Learning to spot the pullback during this seminal event period and pouncing is crucial to making big money in the market.

This seminal event trading pattern I often call the ABC pattern, and we are looking to get long during the "B" ]]>
</description>
<content:encoded>
	<![CDATA[The work at my firm centers around a combination of fundamentals and catalysts, and crowd behavior. Yes, it's crucial to understand herd mentality if you want to consistently enter profitable swing trades at the right time and price. The seminal event is analogous to what is called "the tipping point" in a new development stage of a company. Learning to spot the pullback during this seminal event period and pouncing is crucial to making big money in the market.

This seminal event trading pattern I often call the ABC pattern, and we are looking to get long during the "B" ]]>
</content:encoded>
			</item>
			<item>
<title><![CDATA[Trading the ABC Sentiment Shifts Ahead of the Crowd]]></title>
<link>
			http://www.minyanville.com/business-news/markets/articles/Trading-the-ABC-Sentiment-Shifts-Ahead/12/18/2012/id/46793</link>
<pubDate>
			Tue, 18 Dec 2012 16:05:00EST
</pubDate>
<guid isPermaLink="true">
			http://www.minyanville.com/business-news/markets/articles/Trading-the-ABC-Sentiment-Shifts-Ahead/12/18/2012/id/46793</guid>
<description>
<![CDATA[One of the most obvious keys to successful trading or investing is buying low and selling high. The problem is that if it was that easy to pinpoint those low and high points, then all traders would be batting 1000%. What we use at my firm is a combination of fundamental analysis and catalyst spotting intertwined with charting techniques. Most of our work revolves around buying substantial dips in a strong stock, 3x ETFs, or reversal patterns. 3x ETFs are great for short-term swings since they function almost exclusively on crowd behavioral patterns, but it also applies to individual stocks. ]]>
</description>
<content:encoded>
	<![CDATA[One of the most obvious keys to successful trading or investing is buying low and selling high. The problem is that if it was that easy to pinpoint those low and high points, then all traders would be batting 1000%. What we use at my firm is a combination of fundamental analysis and catalyst spotting intertwined with charting techniques. Most of our work revolves around buying substantial dips in a strong stock, 3x ETFs, or reversal patterns. 3x ETFs are great for short-term swings since they function almost exclusively on crowd behavioral patterns, but it also applies to individual stocks. ]]>
</content:encoded>
			</item>
			<item>
<title><![CDATA[An Emerging Low in Gold Stocks?]]></title>
<link>
			http://www.minyanville.com/sectors/precious-metals/articles/An-Emerging-Low-in-Gold-Stocks/12/10/2012/id/46533</link>
<pubDate>
			Mon, 10 Dec 2012 11:00:00EST
</pubDate>
<guid isPermaLink="true">
			http://www.minyanville.com/sectors/precious-metals/articles/An-Emerging-Low-in-Gold-Stocks/12/10/2012/id/46533</guid>
<description>
<![CDATA[Gold stocks have been riding a recent downtrend, which makes sense during a "wave 2&Prime; correction in the precious metal.

If we review the Market Vectors Gold Miners ETF (NYSEARCA:GDX), we can see a possible triple bottom formation. This one, though, looks bullish for a reversal trade to the upside near term as gold forms a C wave bottom.

This triple bottom looks like a series of higher lows should the 43-44 GDX ranges hold near term. The moving average convergence/divergence (or MACD) line is still trending down, and is in "very oversold territory" similar to the prior two lows ]]>
</description>
<content:encoded>
	<![CDATA[Gold stocks have been riding a recent downtrend, which makes sense during a "wave 2&Prime; correction in the precious metal.

If we review the Market Vectors Gold Miners ETF (NYSEARCA:GDX), we can see a possible triple bottom formation. This one, though, looks bullish for a reversal trade to the upside near term as gold forms a C wave bottom.

This triple bottom looks like a series of higher lows should the 43-44 GDX ranges hold near term. The moving average convergence/divergence (or MACD) line is still trending down, and is in "very oversold territory" similar to the prior two lows ]]>
</content:encoded>
			</item>
			<item>
<title><![CDATA[Gold Should Be Nearing a Major Bottom]]></title>
<link>
			http://www.minyanville.com/sectors/precious-metals/articles/Gold-Should-Be-Nearing-a-Major/12/5/2012/id/46396</link>
<pubDate>
			Wed, 5 Dec 2012 13:55:00EST
</pubDate>
<guid isPermaLink="true">
			http://www.minyanville.com/sectors/precious-metals/articles/Gold-Should-Be-Nearing-a-Major/12/5/2012/id/46396</guid>
<description>
<![CDATA[The recent rally in gold took the metal from the 1620s to roughly 1800 per ounce before the ensuing corrective action began.  Back around October 20 my firm warned readers about a likely " wave 2" correction in gold, and we had several reasons for that warnings.  One of the biggest concerns we had was that the sentiment surveys were running very hot at the time. The percentage of professional advisors polled that were bullish on gold was 88%, with 7% neutral and only 7% bearish.  Elliott Wave Theory is the foundation of our work, though we are sure to ]]>
</description>
<content:encoded>
	<![CDATA[The recent rally in gold took the metal from the 1620s to roughly 1800 per ounce before the ensuing corrective action began.  Back around October 20 my firm warned readers about a likely " wave 2" correction in gold, and we had several reasons for that warnings.  One of the biggest concerns we had was that the sentiment surveys were running very hot at the time. The percentage of professional advisors polled that were bullish on gold was 88%, with 7% neutral and only 7% bearish.  Elliott Wave Theory is the foundation of our work, though we are sure to ]]>
</content:encoded>
			</item>
			<item>
<title><![CDATA[S&P 500 Index at a Crucial Crossroad]]></title>
<link>
			http://www.minyanville.com/business-news/markets/articles/S2526P-500-Index-at-a-Crucial/12/3/2012/id/46296</link>
<pubDate>
			Mon, 3 Dec 2012 10:55:00EST
</pubDate>
<guid isPermaLink="true">
			http://www.minyanville.com/business-news/markets/articles/S2526P-500-Index-at-a-Crucial/12/3/2012/id/46296</guid>
<description>
<![CDATA[We had an interesting 131-point S&P 500 (INDEXSP:.INX) decline from the summer-fall highs of 1474 to the recent 1344 lows.  Interesting because in the work that I do, I focus on crowd behavioral patterns, sentiment, and Elliott Wave Theory.  There is no one technical analysis methodology that works all the time, so it's important to incorporate other elements into your work to help with some clues. 

Let's examine the crossroad we are at right now around 1420 on the S&P 500 and why the next move may be a "tell," as they say in poker.

The correction from the 1474 ]]>
</description>
<content:encoded>
	<![CDATA[We had an interesting 131-point S&P 500 (INDEXSP:.INX) decline from the summer-fall highs of 1474 to the recent 1344 lows.  Interesting because in the work that I do, I focus on crowd behavioral patterns, sentiment, and Elliott Wave Theory.  There is no one technical analysis methodology that works all the time, so it's important to incorporate other elements into your work to help with some clues. 

Let's examine the crossroad we are at right now around 1420 on the S&P 500 and why the next move may be a "tell," as they say in poker.

The correction from the 1474 ]]>
</content:encoded>
			</item>
			<item>
<title><![CDATA[Playing the Long-Term Trends in a Stock]]></title>
<link>
			http://www.minyanville.com/trading-and-investing/stocks/articles/Playing-the-Long-Term-Trends-in/11/29/2012/id/46210</link>
<pubDate>
			Thu, 29 Nov 2012 11:12:00EST
</pubDate>
<guid isPermaLink="true">
			http://www.minyanville.com/trading-and-investing/stocks/articles/Playing-the-Long-Term-Trends-in/11/29/2012/id/46210</guid>
<description>
<![CDATA[How many times have you bought a stock and then a few weeks go by and you get frustrated with lack of real net movement?  You see all kinds of other stocks moving every day and finally you give up, sell your stock, and go chase another one. Inevitably what happens in many cases is that you find out later that your instincts were right and your research was correct, as the stock you gave up on finally takes off, leaving you frustrated.

Sometimes it helps to understand the long-term picture of  a stock cycle and try to determine where ]]>
</description>
<content:encoded>
	<![CDATA[How many times have you bought a stock and then a few weeks go by and you get frustrated with lack of real net movement?  You see all kinds of other stocks moving every day and finally you give up, sell your stock, and go chase another one. Inevitably what happens in many cases is that you find out later that your instincts were right and your research was correct, as the stock you gave up on finally takes off, leaving you frustrated.

Sometimes it helps to understand the long-term picture of  a stock cycle and try to determine where ]]>
</content:encoded>
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<title><![CDATA[S&P 500, US Dollar, and Potential Near-Term Movements to Monitor]]></title>
<link>
			http://www.minyanville.com/business-news/markets/articles/S2526P-500-US-Dollar-and-Potential/11/28/2012/id/46166</link>
<pubDate>
			Wed, 28 Nov 2012 11:05:00EST
</pubDate>
<guid isPermaLink="true">
			http://www.minyanville.com/business-news/markets/articles/S2526P-500-US-Dollar-and-Potential/11/28/2012/id/46166</guid>
<description>
<![CDATA[The S&P 500 (INDEXSP:.INX) is likely to pull back from a 66-point rally off the 1343 pivots. Those pivots were right at a Fibonacci fractal retracement of 61.8% of the summer rally.  That rally ran from 1267-1474 as we all know in hindsight, and the correction was a normal correction within a bull cycle.

Near term, we had a nice run to 1409 and met resistance there.  I would expect a pullback to the 1384 areas on the S&P 500, if not a bit lower in the coming days.  The US dollar is likely to get a bounce, which will ]]>
</description>
<content:encoded>
	<![CDATA[The S&P 500 (INDEXSP:.INX) is likely to pull back from a 66-point rally off the 1343 pivots. Those pivots were right at a Fibonacci fractal retracement of 61.8% of the summer rally.  That rally ran from 1267-1474 as we all know in hindsight, and the correction was a normal correction within a bull cycle.

Near term, we had a nice run to 1409 and met resistance there.  I would expect a pullback to the 1384 areas on the S&P 500, if not a bit lower in the coming days.  The US dollar is likely to get a bounce, which will ]]>
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<title><![CDATA[Market at Risk of One More November Leg Down]]></title>
<link>
			http://www.minyanville.com/business-news/markets/articles/Market-at-Risk-of-One-More/11/21/2012/id/46020</link>
<pubDate>
			Wed, 21 Nov 2012 09:25:00EST
</pubDate>
<guid isPermaLink="true">
			http://www.minyanville.com/business-news/markets/articles/Market-at-Risk-of-One-More/11/21/2012/id/46020</guid>
<description>
<![CDATA[The S&P 500 (INDEXSP:.INX) declined a perfect 61.8% Fibonacci retracement of the summer rally from the 1267 lows to the 1474 highs.  In my firm&#39;s work, we examine human behavioral patterns, sentiment, and Elliott Wave patterns to help with clues on market direction.  To be sure, there is no such thing as a perfect technical analysis methodology, so we do our best to mix up a home-cooked recipe for assistance in getting as close as we can to calling the pivots up and down.

In the near term, we notice the market has rallied out about 45 points off the ]]>
</description>
<content:encoded>
	<![CDATA[The S&P 500 (INDEXSP:.INX) declined a perfect 61.8% Fibonacci retracement of the summer rally from the 1267 lows to the 1474 highs.  In my firm&#39;s work, we examine human behavioral patterns, sentiment, and Elliott Wave patterns to help with clues on market direction.  To be sure, there is no such thing as a perfect technical analysis methodology, so we do our best to mix up a home-cooked recipe for assistance in getting as close as we can to calling the pivots up and down.

In the near term, we notice the market has rallied out about 45 points off the ]]>
</content:encoded>
			</item>
			<item>
<title><![CDATA[Did the S&P 500 Finally Bottom?]]></title>
<link>
			http://www.minyanville.com/business-news/markets/articles/255EGSPC-spy-technical-analysis-s2526p500chart-election/11/8/2012/id/45689</link>
<pubDate>
			Thu, 8 Nov 2012 12:36:00EST
</pubDate>
<guid isPermaLink="true">
			http://www.minyanville.com/business-news/markets/articles/255EGSPC-spy-technical-analysis-s2526p500chart-election/11/8/2012/id/45689</guid>
<description>
<![CDATA[The S&P 500 (INDEXSP:.INX) finally caved to match or go a bit lower than the S&P 500 futures lows of about 11 days ago in yesterday's action. The drop to the 1390 area is within our 1386-1400 pivot points for a major wave low pattern.

My firm&#39;s work centers around sentiment and crowd behavior; the headlines are of interest but only tell you the psychology of the publishing arms or talking heads at the time. Often headlines can be negative and the market climbs, or positive and the market drops. So the key for our work is figuring out where ]]>
</description>
<content:encoded>
	<![CDATA[The S&P 500 (INDEXSP:.INX) finally caved to match or go a bit lower than the S&P 500 futures lows of about 11 days ago in yesterday's action. The drop to the 1390 area is within our 1386-1400 pivot points for a major wave low pattern.

My firm&#39;s work centers around sentiment and crowd behavior; the headlines are of interest but only tell you the psychology of the publishing arms or talking heads at the time. Often headlines can be negative and the market climbs, or positive and the market drops. So the key for our work is figuring out where ]]>
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<title><![CDATA[S&P 500 'E Wave' Ready to Rally to Bull Market Highs]]></title>
<link>
			http://www.minyanville.com/business-news/markets/articles/255Egspc-spy-elliott-wave-elliott-wave/8/14/2012/id/43198</link>
<pubDate>
			Tue, 14 Aug 2012 11:05:00EST
</pubDate>
<guid isPermaLink="true">
			http://www.minyanville.com/business-news/markets/articles/255Egspc-spy-elliott-wave-elliott-wave/8/14/2012/id/43198</guid>
<description>
<![CDATA[In recent updates, I have been projecting a series of ABCDE waves to take the bull market to post March 2009 highs in the 1425-1445 ranges.  The recent pullback was expected as what I was calling a "D wave" pullback, with an E wave to come.  These final fifth waves or E waves can be extension waves or relatively benign, hence causing difficulty in forecasting the upper ranges.

In the case of the S&P 500 Index (^GSPC), we have had a strong rally from the 1267 lows in early June to 1409 highs so far (the C wave highs) and ]]>
</description>
<content:encoded>
	<![CDATA[In recent updates, I have been projecting a series of ABCDE waves to take the bull market to post March 2009 highs in the 1425-1445 ranges.  The recent pullback was expected as what I was calling a "D wave" pullback, with an E wave to come.  These final fifth waves or E waves can be extension waves or relatively benign, hence causing difficulty in forecasting the upper ranges.

In the case of the S&P 500 Index (^GSPC), we have had a strong rally from the 1267 lows in early June to 1409 highs so far (the C wave highs) and ]]>
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			<item>
<title><![CDATA[Gold Close to Confirming a New Breakout to All-Time Highs]]></title>
<link>
			http://www.minyanville.com/sectors/precious-metals/articles/gld-gold-gold-investing-precious-metals/8/8/2012/id/43050</link>
<pubDate>
			Wed, 8 Aug 2012 12:50:00EST
</pubDate>
<guid isPermaLink="true">
			http://www.minyanville.com/sectors/precious-metals/articles/gld-gold-gold-investing-precious-metals/8/8/2012/id/43050</guid>
<description>
<![CDATA[Back in the fall of 2011, I was warning my subscribers and the public via articles to prepare for a large correction in the price of gold.  The metal had experienced a primary wave 3 rally from $681 per ounce in the fall of 2008 to the upper $1800s at the time of my warnings in the fall of 2011. A 34 Fibonacci month rally was sure to be followed by an eight to 13 month consolidation period, or what I would term a primary wave 4 correction pattern.

We have seen gold drop as low as the $1520s during ]]>
</description>
<content:encoded>
	<![CDATA[Back in the fall of 2011, I was warning my subscribers and the public via articles to prepare for a large correction in the price of gold.  The metal had experienced a primary wave 3 rally from $681 per ounce in the fall of 2008 to the upper $1800s at the time of my warnings in the fall of 2011. A 34 Fibonacci month rally was sure to be followed by an eight to 13 month consolidation period, or what I would term a primary wave 4 correction pattern.

We have seen gold drop as low as the $1520s during ]]>
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			</item>
			<item>
<title><![CDATA[Is Gold Ready to Start a Run to All-Time Highs?]]></title>
<link>
			http://www.minyanville.com/sectors/precious-metals/articles/gold-run-up-precious-metals-technical/7/26/2012/id/42755</link>
<pubDate>
			Thu, 26 Jul 2012 11:00:00EST
</pubDate>
<guid isPermaLink="true">
			http://www.minyanville.com/sectors/precious-metals/articles/gold-run-up-precious-metals-technical/7/26/2012/id/42755</guid>
<description>
<![CDATA[Just under two weeks ago I updated my readers with a chart pattern on the SPDR GLD Shares (GLD) ETF, and in that update I discussed what to look for to find clues in this gold consolidation that has continued from last August-September highs. 

My theory all along has been that we peaked in a "Wave Three" top at 1900-1920 last fall after a Fibonacci 34-month rally from $681 per ounce.  The ensuing corrective patterns are part of a normal "Wave 4" consolidation that works off the sentiment and overbought nature of that wave 3 updraft.  Following this consolidation, I ]]>
</description>
<content:encoded>
	<![CDATA[Just under two weeks ago I updated my readers with a chart pattern on the SPDR GLD Shares (GLD) ETF, and in that update I discussed what to look for to find clues in this gold consolidation that has continued from last August-September highs. 

My theory all along has been that we peaked in a "Wave Three" top at 1900-1920 last fall after a Fibonacci 34-month rally from $681 per ounce.  The ensuing corrective patterns are part of a normal "Wave 4" consolidation that works off the sentiment and overbought nature of that wave 3 updraft.  Following this consolidation, I ]]>
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