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DS. How significant is this news, fundamentally?

Hi all I have recently been reading Jesse Livermore's not very well known book, 'How to trade in Stocks', first published in 1940. He talks about Natural Rally's, Secondary Rallies, and Natural Reactions. The concepts he presents have been notoriously difficult to grasp (possibly why the book never sold well, or why it's not well known Livermore wrote a book himself). In the final Chapter, he has presented examples of how he recorded and determined the behavior and direction of stocks. Unfortunately, Livermore never looked at charts, so there is not one to go with the examples. The two price examples presented, are US Steel and Bethlehem Steel. Would anyone know how I can obtain the daily OHLC prices of these stocks during 1938, or, even better, the daily OHLC charts themselves? P.s. I believe the copyright has expired on this book, so it is easy to obtain on the internet for anyone who is interested. Thanks.

Chart looking pretty good to me! Link to WSW presentation with Dr Seymour. He reckon's Human trials will begin early next year! http://wsw.com/webcast/marcum/register.aspx?conf=marcum&page=nnvc&url=http%3A//wsw.com/webcast/marcum/nnvc/ http://wsw.com/webca...st/marcum/nnvc/

Capitalist Pig's Forecast - A rally to $1460 in the next two weeks, which is where I expect the 89 Hour moving average (GLD) to be. Then ... Wham! Smack down to new lows. I think an actual bottom may come in the next 6 weeks. My Gold stocks - I currently only have two meaningful positions in Gold stocks. Timmins Gold and Atna resources. Timmins Gold is safe to hold, as they are one of the few Junior producers who make real money (even at these prices), and have plenty of cash in the bank. Although I feel they could drop as low as $1.50 in the panic. Probably sell 1/3rd to half if a bounce materializes. Atna is now a very uncomfortable position. They are producing Gold very near the Margin at these prices. Plus, they are in the ramp up phase of a second mine which adds risk to funds. I smell shareholder destruction, such as a placement. Sell at least half if a bounce materializes. Unfortunately, my mind wasn't on the markets on Friday, where I had a good opportunity to exit my gold stocks. Only over the weekend did I realize the significance of Friday's move. Overall on Gold stocks, I feel like a Deer stuck in the headlights of an oncoming truck. On a positive note, my Trading account is all still very much in tact. I am actually quite excited about the swing trade opportunities I see in the coming weeks. Will post Charts tomorrow ... Today has been an exhausting day!

Capitalist Pig's Market Observations #1: Gold, Silver and the Stock Market are done here! ========= Over the last two weeks, my stance on the whole market has become rather bearish. The Facts After a normal, and much anticipated correction which ended at the beginning of November, Gold has lost momentum at $1750, and fallen back to the November lows. There is technical damage. The SPX has lost momentum very near the all time previous highs. It will take huge momentum to break this. Over the coming months and weeks, this will be obvious to all. I see a number of market leaders (Apple, CMG, AZO,BIDU), are no longer leading. They are topping, and, or, have entered downtrends. I see market laggers, such as RIMM, Nokia, and the Steel producers are basing and showing strength. I have been inundated with newsletter writers stock picks recently. Most of these have been bearish for long time now. They have cracked! $40Bn Stimulus/Month. Is this really enough? What's more, I do not see the FED's balance sheet expanding. I think this could be hot air. Anyway, Obama in office for four more years. So who cares about falling asset prices right now? Charts to follow ...

Allan's Trend Following Model ... Still looking good! http://www.allantrends.com/nnvc-6/

Diwan brought another 147k yesterday, too. http://www.sec.gov/Archives/edgar/data/1379006/000114036113010531/xslF345X03/doc1.xml

Dr Diwan buy's 350,000 shares! http://secfilings.brand.edgar-online.com/EFX_dll/EDGARpro.dll?FetchFilingHTML1?ID=9134036&SessionID=DOQeFUN3sQqcAPE

Are we hammering out a bottom here? For the first time, I feel this stock has enough going on fundamentally to warrant a pretty significant run. I exchanged emails with Doctor Seymour recently. He expects Toxicology studies to begin in June. If successful, this will pave the way for Human clinical trials in Australia.

What if Gold continues sliding to the bottom of the trading range ($1525 - $1800)? Those moving averages (168wma & 177wma) go right back to the 2008 lows. I am sure there is no need to explain the significance.

It hit very near the bottom of the trend line. What I did not expect, was for it to happen the next day!! I suspect a bounce is due here. I am not yet sure of the magnitude though.

As GLD has broken significant support, it appears the pattern from October is an ABCDE, rather than an ABC. We are in the E wave. Ultimately, I expect the price to hit the bottom trend line anytime from late Feb, to mid March, and then s sizable bounce. Perhaps to $165 ($1700). Which, is also roughly 61.8%. GLD is not far from the the middle trend line. I think a likely scenario is a bounce of this trend line, for a $20 - $30 move. It could hit the middle trendline as early as tomorrow. $156/$1620 is the pivot point

A couple of points: 480dma = 100 week moving average. Did GDX really fall through support? Looks like it's due for a bounce to me.

Examine the below chart very carefully. GLD has gapped up into a major pivot point, on the 1 hour charts. However, it could momentarily push higher tomorrow. Just to run the stops, and fill the gap from last week. But that is a risky call. Right here is a good time to cut my position, IMO.

Could turn into a three drives (ABCDE) pattern.

SHORT LIST AZO - Looks ripe for a short about here. BIDU - A bit late to the party, but could be a low risk short on a rally to the 21WMA. PCLN - Nearly ripe JAZZ - It's topping, but too early to short. Up over 100 fold in three years! Can you imagine the panic in this stock when it finally breaks down? PCYS - Same as JAZZ. Up over 100 fold in 3 years.

Possibly. We shall see. But then, that would suggest Gold will make another low? Mixed signals in the precious metals.

Nadeem Walayat's Gold Price Forecast is in. A volatile sideway's trend for 2013. He say's an imminent bounce towards $1710, then a break lower towards $1580. Which is roughly equivalent to my above GLD price target. http://www.marketora...ticle38201.html Beyond 2013, I still see a parabolic move. This will likely occur after the broader stock market has bottomed. My plan is to trade these sideways up/down Gold trends, to increase my trading capital. This means I can take on a far greater position when/if Gold goes parabolic.

It is a nice looking ABC. It was about $5 off from being a perfect ABC. Not sure what to make of the volume though? It certainly ain't light, as one would expect, going into the holiday period.

Silver formed some sort of Broadening wedge. Intraday It broke out and failed. I would like to see this take out resistance at 3030 soon (also the 38.2% retracement). I doubled up on Friday afternoon, but quickly sold the new half as I saw it was going to break 3000. Silver appears to be lagging Gold, whereas it has tended to lead. Not sure what this means? Longterm Failure to bounce here, base build and/or rally, will not look good for Silver. A break below $29 will mean a significant drop indeed. Perhaps $22?

GLD at a major pivot point, following an ABC correction. Target, $163 to $166. The vast majority of ABC corrections I have seen, do not resolve in an immediate trend to new highs. They usually spend a while base building. That implies sideways volatility. Can anyone provide any examples which are contrary to my above statement? The other scenerio, the moving averages become resistance, and we break $158. This would signal Gold is going down with the broad market, so I would not expect $150 to hold for a fourth time.

Historically, the presidential second term see's far higher deficit spending than the first. Given the technicals of the S&P and DOW, and the lack of market enthusiasm from QE3, the market looks decidedly toppish. I see a downtrend ahead, but nothing like the previous bear markets. I am of the belief that asset prices can drive the economy, directly, and indirectly (the psycological factor). Given the above, a downtrend only paves the way for huge money printing.

Yep. Nice reversal candle in GDX too. I managed to catch gold right at the bottom, and Silver within 20 cents (Futures prices, not ETF). I told you I was watching the market like a hawk today . I have limit orders to double up. Hopefully will get filled over the night. Did you buy any calls, Dr B? I think we're due a $50 bounce.

Have you got a link? BTW, is there any turn cycle significance in the markets around 21/12/12, the winter solstice (and the end of the world )?

I don't think it will happen. Too much overhead resistance now. GLD hasn't got much momentum on the minute charts. I know what you mean by clawback, but the strength isn't there.