Chart usGOLD   Chart usSILVER  
 
Food for thought
Man’s capacity for justice makes democracy possible; but man’s inclination to injustice makes democracy necessary.
Reinhold Neibuhr  
Search for :
LATEST NEWS  :
MINING STOCKS  :
Subscribe
Write Us
Add to Google
Search on Ebay :
PRECIOUS METALS (US $)
Gold 1236.503.30
Silver 18.720.06
Platinum 1363.756.00
Palladium 838.256.75
WORLD MARKETS
DOWJONES 1703142
NASDAQ 4519-49
NIKKEI 15893-56
ASX 5475-57
CAC 40 4429-13
DAX 96609
HUI 2190
XAU 920
CURRENCIES (€)
AUS $ 1.4319
CAN $ 1.4305
US $ 1.2950
GBP (£) 0.7974
Sw Fr 1.2097
YEN 138.5910
CURRENCIES ($)
AUS $ 1.1058
CAN $ 1.1045
Euro 0.7722
GBP (£) 0.6158
Sw Fr 0.9341
YEN 107.0170
RATIOS & INDEXES
Gold / Silver66.05
Gold / Oil13.33
Dowjones / Gold13.77
COMMODITIES
Copper 3.08-0.01
WTI Oil 92.77-0.15
Nat. Gas 3.930.00
Market Indices
Metal Prices
RSS
Precious Metals
Graph Generator
Statistics by Country
Statistics by Metals
Advertise on 24hGold
Projects on Google Earth
In the same category
It Doesn't Matter
Published : October 20th, 2012
519 words - Reading time : 1 - 2 minutes
( 4 votes, 4/5 ) Print article
 
    Comments    
Tweet

 

 

 

 

As we have moved toward the election I have continued to hear talk that one candidate would be better for the market than the other. I have also heard that the current administration is responsible for the market advance since 2009. To say this and/or that this administration would therefore be good for the future of the market is like saying that we have had more sunny days since 2009 and that if the current administration is reelected then we will have more sunny days over the next 4 years.

 

Fact is, it does not matter. It is the anticipation and the unknown that concerns the market. Once the election is behind us, the market is going to play out in accordance with the technical setup that continues to develop and evolve. At present, that setup consists of a Dow theory primary bearish trend change that occurred in August 2011. It also consists of a Dow theory non-confirmation that began forming back in February. Also, in May both the Industrials and the Transports again closed below their previous secondary low points, which triggered yet another bearish primary trend change. In doing so, this served to reconfirm the bearish primary trend change from August 2011. Since then, the Industrials have moved to post-October 2011 highs while the non-confirmation with the Transports has continued to grow. It seems that so few are aware or understand the seriousness of these ongoing developments. Unless the outcome of the election can somehow mend this technical erosion, which based on the current evidence is not looking likely, then once the election is behind us, this "stealth setup" will continue to evolve. Then, once the structural DNA Markers that have been seen at every major top since 1896 are confirmed, the die will then be cast and the outcome of the election is not going to matter as the ongoing technical setup will then play out.

 

My basic point here is that the general public seems to believe that we can elect some politician to office and that just because he becomes the President of the United States he somehow has the ability to "fix" everything including the economy and stock market. I'm telling you, he can't. In fact, it is because of the politicians and their belief that they can "fix" things that got us here in the first place. To think that another administration or even the same administration can somehow "fix" this mess is a fairytale. According to our Dow theory founding fathers, Dow theory is used as a "barometer of economic conditions." That said, the Dow theory developments have been and continue to warn of an economic storm. In fact, it tells us that the economic storm never really passed. Rather, it's more like we have perhaps just been in the eye of the storm and in light of the current technical landscape round two is on the horizon. Again, once the election is behind us and the DNA Markers appear, the election will become old news and who's President is not going to matter as the technical forces will exert themselves.

 

 

 

 

 

Tweet
Rate :Average note :4 (4 votes)View Top rated
Previous article by
Tim Wood
All articles by
Tim Wood
Next article by
Tim Wood
Receive by mail the latest articles by this author  
Latest comment posted for this article
Be the first to comment
Add your comment
TOP ARTICLES
MOST READ
TOP RATED
MOST COMMENTED
Editor's picks
RSS feed24hGold Mobile
Gold Data CenterGold & Silver Converter
Gold coins on eBaySilver coins on eBay
Technical AnalysisFundamental Analysis

Tim Wood

Tim Wood is the editor of cyclesman.com. His primary focus is on the stock market, specifically the Dow Jones Industrial Average, the S&P 500, the Gold market, the Dollar and T-Bonds. Mr. Woods technical studies are based on his knowledge of both Market Cycles and Dow Theory. His knowledge of cycles is based on the methods he learned from Walter Bressert. His knowledge of Dow Theory has come from studies of the original works of Charles H. Dow, William Peter Hamilton, Robert Rhea, E. George Schaefer, and Richard Russell.
Tim Wood ArchiveWebsiteSubscribe to his services
Most recent articles by Tim Wood
7/30/2014
7/6/2014
6/6/2014
1/25/2014
10/26/2013
All Articles
Comment this article
You must be logged in to comment an article8000 characters max.
 
Sign in
User : Password : Login
Sign In Forgot password?
 
Receive 24hGold's Daily Market Briefing in your inbox. Go here to subscribe or unsubscribe.
Disclaimer