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Wednesday, November 4, 2009

Gold Separates and Accelerates and Has the S&P 500 Topped Out?

From INO.com, a couple of brief videos discussing gold and the S&P 500. Regarding the S&P 500, Adam Hewison of INO discusses whether it has finally broken support (the free video is
available here):

In our last video on the S&P 500 (10/27), we indicated that this market may have topped out for the year. Today’s action puts in place a weekly “Trade Triangle” which indicates that a temporary or a permanent top is now in place for this market.

In this latest video, I share with you some of the ideas that I think could potentially come into play for this market. Not only do I have some downside targets in mind, but I also see a pattern that could evolve in the next several weeks which will confirm that we’ve made a serious high in this market.

Also, in his newest video, he discusses Gold and how yesterday if finally broke free from the dollar and other indicators.

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