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Moves like the current one end with large daily-range bars. We haven’t seen them yet.  

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With the money-printing pump now turned off, all markets are leaking air.

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We’re watching the upcoming Spiral Calendar date for a potential reversal.

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The J.P Morgan news broke after the recording of tonight’s update. Certainly, the possibility that J.P. Morgan is this year’s Lehman Bros can not be discounted.

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The quiet times noted last week are ending!

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The market seems to be waiting. But waiting for what?  

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We keep paying attention to what gold is telling us. And gold keeps turning up the volume on the message.

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That seems to be the theme in a number of markets this week – short-term uptrends moving into longer-term price resistance.  

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