Three Trends to Track into the New Year

December 27, 2006 -Yes, I know I said you wouldn’t hear from me until the New Year, but here are three graphs that merit close attention so figured I might as well post an interim blog. With the Nasdaq Composite Bullish Percent Index, note that the 13 day SMA has just crossed the 20 day SMA. With the HUI, the unhedged gold bugs index, note that the 50 day SMA is now just kissing the 200 day SMA, and with the S&P 500 index, note the bearish rising wedge, and how the index has basically risen higher for almost three months without any significant correction. For more detailed analysis and my further thoughts about the signficance of these below charts, since most of you know that I only use technical analysis to support or dismiss other MoneyPingâ„¢ investment analysis that I independently conduct, please refer to this week’s issue of the maalamalama newsletter and enter the password you received above.

Have a Happy New Year and see you in 2007.



J.S. Kim is the founder and Managing Director of maalamalama, a comprehensive online investment course that uses novel, proprietary advanced wealth planning techniques and the long tail of investing to identify low-risk, high-reward investment opportunities that seek to yield 25% or greater annual returns.

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