What Are You Looking At?
OCT 1, 2014 What am I looking at? When we have a sell off in Markets or even individual stocks, I am always looking at my list. I want to see if anything I wanted to buy but missed (or owned & sold) is possibly "Setting up" as another buying opportunity. I AM REALLY liking the setting up of some Miners , but for this report, I just want to show some stocks that look interesting and I'll also include one of the GDX . Its the start of a new Month, Its the start of a new Quarter. Funds may do some shopping pretty soon to attempt 4th quarter bragging rights ( And thus a 4th Quarter rally?). Today , these are JUST A FEW of the stocks I was looking at.
GDX - It may have a DEC 2013 type low forming? Or it MAY have a 5th wave to go...But seriously I have a FEW indicators & sentiment calling for an ICL sooner than later.
Going back to my recent Gold report here http://www.chartfreak.com/2014/09/26/illusion/
and look at many of those MINERS that I said were acting rather special in this beat down. READ That report---look at what I said about FSM, RBY, RIC, etc .
NOTHING HAS CHANGED 
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Going back to my recent Gold report here http://www.chartfreak.com/2014/09/26/illusion/
and look at many of those MINERS that I said were acting rather special in this beat down. READ That report---look at what I said about FSM, RBY, RIC, etc .
NOTHING HAS CHANGED
Read MoreLESSONS
September 30, 2014
Sometimes you learn little things along the way in life, and they become lessons that ring true with time. They then become so common to you, that you forget that it was an important lesson once . I remember sitting next to a 4 year old eating Yogurt and he says to me, "Why do you put blueberries in your yogurt?" I thought..." Wow, is that a learned feature? I thought everyone knew that sometimes fruit in yogurt is a bonus! I need to get this kid some strawberries!" So it seems that unknowingly, we take for granted & forget to share with others what seems like "the Little Things" , so I wanted to just share one important lesson that I have learned ( Thank You William O'Neil) , that can help traders / investors. I just got 'schooled' on this lesson this month!
This was the IPO GO PRO in June - Aug.
We all love GPRO . If this breaks out to new highs, do we buy? It looks a bit "EXTENDED", no? If we own it do we sell? THATS where the lesson lies....
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We all love GPRO . If this breaks out to new highs, do we buy? It looks a bit "EXTENDED", no? If we own it do we sell? THATS where the lesson lies....
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UPDATE
Sunday Sept 28 I dont know what it is... it's either when I write about the Gold/ Silver/ Metals market or maybe its whenever I write something that is contrary to what the crowd is thinking, but after one of those two ideas is presented, I get a lot of feedback ( and I love it! ). I got a good number of comments below the previous article for the public to see, but also many write to me by email and share thoughts or ask questions too. It was really a lot of good constructive feedback, so thank you! I've decided to do a follow up to Thursdays report that I posted Friday morning and I've dug into more charts to explain what I am seeing. Some of it basic and some of it a bit deeper.
To start with, lets I review what was happening on May 30 2014. Gold had recently broken down from a "Continuation triangle" the 'measured' target was $50 lower, but most felt $1180 would be broken, maybe $1150 or worse would get tagged. EVERYWHERE I looked , articles were talking about "SEASONALITY" in Gold being Late July & AUG . THATS when "we should buy the bottom" , they were saying...the LOWS would be in then. I wrote an article saying that it might be time to buy now (I had entered JNUG & NUGT and few select Miners). That article is here if you want to read it. http://www.chartfreak.com/2014/05/31/learning-to-be-patient/
It Seemed that everyone was or wanted to go short- or just hated the metals all together.
As a quick review, the charts I used went like this MAY 2014- Triangle price projection near $1200, seasonal lows in Jul/AUG
I had noticed some very interesting things happening with Miners and even the Metals charts themselves, SO I posted this Next chart below as a contrary idea , one that would leave everyone waiting for "Seasonal Summer Lows" behind ...
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I had noticed some very interesting things happening with Miners and even the Metals charts themselves, SO I posted this Next chart below as a contrary idea , one that would leave everyone waiting for "Seasonal Summer Lows" behind ...
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