NOT AGAIN?
/17 Comments/in Public, Uncategorized /by Alex - Chart FreakOCT 9, 2014
WAIT! Is the train leaving the station again? Should I jump on - or - Is this quick reversal just a Fed induced pipe dream , only to suck in longs and pull the rug out from under them? Those are good questions and who can know for sure? No one, really. HOWEVER if we look for "Clues" - maybe it can shed light on the matter. I am going to continue on the theme that I started in the report entitled " Its An Illusions" (Click "illusions" to read it) Illusions .
In that report , I was discussing how it seems that while everyone is being encouraged to "Look at GOLD & SILVER" crashing, Some Miners were holding up, apparently being accumulated. I want to re-visit that idea here, since the selling has escalated since I wrote that on Sept 25th, 2 weeks ago. Have things changed much? Lets see....
GDX certainly has joined in the sell off type move. You can see it bleeding 5 weeks in a row here
(This wkly chart was as of last week).
And look at this chart below!
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“TIMING”!
/45 Comments/in Public, Uncategorized /by Alex - Chart FreakOct 8, 2014 "Timing Is Everything"
- Have you ever heard that expression? Well today, Timing was both Good and Bad for me, but thankfully for me (and everyone else too)...there is always a little more time. I was drawing up charts this morning for another Bullish Report. This was how my day started and how Timing was both Good and Bad. In this weekends report here at Chartfreak, I was writing about expecting a market reversal higher. SO MANY people were calling for a steep sell off. 'October Crash' I kept hearing and I wrote about the group think in the weekend report. I heard that a 20% correction was coming on CNBC yesterday and I saw this sentiment reading below (THANKS TO TICKER SENSE) as too bearish. I just cant get comfortable following the crowd .
And talk about BEARISH - Metals & Miners were going to $800 to $1000 within a month. I have been mentioning that I expect those MEANINGFUL Lows to come anytime now, and for several reasons. Yes, Selling could continue later, but I feel that we are at an exhaustion point in both Cycle "Timing" and other areas. But wait- What report? I didnt post a report this morning, did I? ...
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WATCHLIST
/14 Comments/in Public, Uncategorized /by Alex - Chart FreakOCT 7, 2014
I thought I would just throw a couple of ideas out there, possibly for your watchlist if you have one. In my last report I pointed out the set up in ZEN as looking like this (Chart below). Notice that, as an I.P.O. it experienced rapid buying and then just went sideways (no Sellers) consolidating those initial gains. Once you break above that area, another run up can take place, since no one is selling , everyone is along for the ride, and momentum buyers can jump in. I've seen this pattern a lot, and as long as a company is doing well, the results can be higher prices.
With that in mind, take a look at this next chart...
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