Nov 16th After The Bell Review

This continues to look like a distribution pattern, not a consolidation. This Friday will be 45 days since the 1st wave low in October and could be a significant top. Notice I have posted Buy and Sell signals as identified by SARS; which is a derivative of the RSI indicator. Also notice the downtrend channel that is forming with lower highs.
As noted in yesterdays post, COPX did break down and confirm a sell signal with the black candle stick that moved lower all day; breaking the line in the sand.
The CCI(30) indicator for SPY is forming a rolling top. We still need confirmation of trend, so caution is still in order.

Here we have the SDS, which is short the S&P. Today we have a SAR buy confirmation with a high wave candle that has taken out previous congestion. CCI(30) does not confirm the uptrend yet.

Question: Are emerging markets front running the US? Or can the US markets move higher as emerging markets slide? EDZ is short emerging markets etf. It is the strongest of the shorts and has moved right up to the line in the sand. Will this take out this line and confirm an uptrend??? If so, the play is to buy the dips as THE TREND IS YOUR FRIEND.

DPK seems to be front running the US and giving strong indication of a tripple top breakout; which is bad for stock bulls and good for bears. (In case you were not aware)

Tim Kathlina

November 15th Before The Bell Review

We are looking at COPX-Copper Miners. Every bull market has a copper top. This week is a significant event in price and time squaring. The shares moved 60 day high to low and have now retraced for 45 days to $14.11. Forty-five days is a significant price in time and to close around the 38% retrace in that time is significant. Considering the Bearish Harami pattern right at the price/time window, we expect a potential resumption of the downtrend and by extension the broader markets as well.

A lower probability exist that this is a significant low in price/time window, resulting in a major breakout to new highs. Should this lower probability occur, we can expect the move to exhaust at the 60 day mark from the low or around the 1st or 2nd week in December.