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Gary Savage

  • Analysis & Opinion

Gary Savage's Opinion & Analysis
A complete archive of Gary Savage's articles, including current analysis & opinion - Page 7

A lot of things are happening in the currency markets that have rarely happened before. Incredibly powerful trending moves are occurring with no corrections and minimal counter-trend moves. While the...
The Dow Jones Industrial Average has joined the Nasdaq index in breaking out of its bull market channel.
The Dow Jones Industrial Average has joined the NASDAQ in breaking out of its bull market channel.
One characteristic of all major bull markets is that they rally much further than anyone originally expects. One of the characteristics to watch for is the size of the consolidation preceding a major...
I think we need to focus on what is happening to the dollar. The intermediate cycle is now 63 weeks long. Clearly that isn’t normal. I’ve maintained for several years that the end game was...
At the bubble top in 2000 the Nasdaq was 156% above its 200 week moving average. Currently the Nasdaq is 29% above its 200 week moving average. Clearly not parabolic yet.
This is the NASDAQ's third attempt to break out of the bull market channel. Once it holds we should shift into a higher gear as the bubble phase progresses.
When price breaks out of the bull market channel it's time for the crazy nutty phase of the stock market bubble to begin. NASDAQ Composite Chart
The NASDAQ 100 has regained the 50 DMA. I think we can safely assume the move down into the daily cycle low is complete.
It appears the US dollar has bottomed following an intermediate degree correction. This suggests that the dollar will rally for 6-8 weeks while gold heads lower. Gold has decisively broken down...