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Trend Lines that Thou Shalt Not Pass!

Thou Shalt Not Pass

Or should that be 'Thou shall not pass ... pretty please' Janet Yellen.

If there is a MARKET CRASH, then these are the charts BEFORE the event!

A fellow countryman made this little movie, and a great line went like this...

These trend lines must hold!

S&P500 1962-2016

Copper Chart 1973-2016

Crude Oil Chart 1976-2016

This writer's view, these trend lines will be BUSTED in 2016 as oil is going to $25 or lower with new IRAN oil in the shops!

Investing Quote...

"The market is like a slowly revolving wheel: Whether the wheel will continue to revolve in the same direction, stand still or reverse depends upon the forces which come in contact with it hub and tread." ~ Richard D Wyckoff

"I measure what's going on, and I adapt to it. I try to get my ego out of the way. The market is smarter than I am so I bend." ~ Martin Zweig

"My experience has been that in successful businesses and fund management companies, which performed well over the long-term, some courageous decisions were taken. Courageous fund managers reduce their positions when markets become frothy and accumulate equities when economic and social conditions are dire. They avoid the most popular sectors, which are therefore over-valued, and invest in neglected sectors because being neglected by investors they are by definition inexpensive. The point is that it is very hard and that it takes a lot of courage for a fund manager to avoid the most popular sectors and stocks and to invest in unloved assets. Finally, every investor understands the principle 'buy low and sell high', but when prices are low nobody wants to buy." ~ Marc Faber

"Novice Traders trade 5 to 10 times too big. They are taking 5 to 10% risks on a trade they should be taking 1 to 2 percent risks." ~ ` Bruce Kovner

"Money couldn't buy friends, but you got a better class of enemy." ~ Spike Milligan

 

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