Author Archive for: Alex - Chart Freak

November 5 2014  9:40 a.m.

   I was NOT going to write today, but when I saw GOLD near $1140 , I knew that it was a Possible final price low target of mine. I did not KNOW or even THINK that it would have to get there, but when I look at charts I always try to get all the possibilities of "Where might this be going?"  $1140 was one weekly target.  Today GOLD hit $1138 and reversed...IS THIS THE LOWS?    OBVIOUSLY -  NO ONE IS SCREAMING "BUY" right now (so it could be ).  When everyone is afraid, the odds are higher.  Take a look with me, and definitely sit on your hands for now....but this is one more thing to look for. 

What you are about to see is for paying subscribers only...But since this site is free-WOOOHOOO!    Enjoy and start tracking it.

GOLD this morning

The BLOGS are lighting up  "GET SHORT FOR THE FINAL PLUNGE TO $1000!!"   

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NOV 3 2014     GOLD & MINERS are at the mercy of the Bears.  Since Breaking to new lows, many articles are now pointing out that all support is broken and its a LONG WAY DOWN.  I am now reading that  we are so close to 1000, that a good FLUSH  could cause it to give way to $800.    In my last report I mentioned that I heard something similar in the XLE as it broke to new recent lows and broke support too.  Many wrote that  it could crash down   ( Those alerts / articles  were loudest right before a strong reversal).  

 AUDIO-  (click the link, click  download , click open and return hereto follow along)   Metals link click here

I drew this chart on OCT 10  (Click to enlarge) . Honestly-  I was getting extreme sell off readings and  I DID NOT EXPECT IT TO BREAK SUPPORT,  but it has.  I thought instead that we might get a trade able bounce and then possibly TEST support?       Please use the audio, it saves me time.

So now that Support has been broken, is it a bottomless pit? Lets look closer.  

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OCT 29   FED DAY    Yes, I'll admit it! 

1. I saw many charts that are set up rather nicely the DAY of the FED mtg

2. It DOSNT FIT what I usually see on  what is known as  a messy, indecisive & volatile FED DAY

3. But That was a stretch using that title just so I could use this picture of the Trooper Dog.  I just think this pic is great

Starting with the Markets-  SPX    click here - click 'download' then click 'open'  (when you hear audio, return here and follow charts)

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Oct 24,2014        At times, things arent always as they appear on the surface.  You may have to dig a little deeper to find out whats really there. Thats what I am attempting to do in the Precious metals mkts. Yesterday about an hour into trading I was watching Miners break down to new lows. Again the message boards lit up with "New Lows, that means we are going a lot lower" and "Going short here, much lower prices ahead".  For me, something hasn't "Felt" right about that, so I knew that I had to dig deeper and see if I could reconcile the problem that I was having. The problem goes back to a prior report  where I pointed out that I was getting signals for a "Meaningful Low" in Gold (An ICL).

 In fact,  since that report, GOLD has been acting correctly, running up to the 50sma and stalled just like MAY LOWS, but the MINERS have NOT been keeping up. NOTICE that GOLD Lows here have been like the TWIN of MAYs Meaningful  LOWS (ICL). So to me...LOWS IN GOLD WERE IN.

AUDIO click here / then click  'download' / click 'open' & then come back to this page when you hear the report to follow the charts

The problem with everyone going short yesterday was what I had noted in other reports too...

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