-PLEASE DONT SHOOT THE MESSENGER-
UPDATE 4/23/2014
POSSIBLY THE MOST IMPORTANT CHART FOR GOLD BUGS/ TRADERS TO BE WATCHING I.M.H.O.
We just had a "WATERFALL" type sell off in MARCH. Many started HATING MINERS again. THAT sentiment is now turning to , "I NEED TO BUY THIS REVERSAL OR MISS THE MOVE". THIS is what I am watching for, this chart should be Noted.
The prior "waterfall" sell offs last Fall DIDNT get above the 9 sma more than 1 time per month. We already saw that in April, So if we are going to have another leg down--- IT May be time to Fasten our seat belts? 
From here it's easy- as I write , we are currently right at the 9 S.M.A. , so its already Show Time. Can we break thru? Or will it be held down here again? Its definitely what I am watching. ( Click chart to enlarge )
Again...Please dont shoot the Messenger , I am just here trying to help people in their investing day. Best wishes to all 
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From here it's easy- as I write , we are currently right at the 9 S.M.A. , so its already Show Time. Can we break thru? Or will it be held down here again? Its definitely what I am watching. ( Click chart to enlarge )
Again...Please dont shoot the Messenger , I am just here trying to help people in their investing day. Best wishes to all
Read More
WHAT DO YOU SEE HERE?
APRIL 15 Some see a BULL, but look closely , some see 2 men arguing whether its really a Bull. Well ,if you follow me on Twitter you know that for a short while now I have posted charts calling for a drop in GOLD & especially the Miners GDX/GDXJ. I still think the GOLD Bull is alive, but even strong Bull markets experience healthy corrections to lower sentiment and kick out the weaker hands.
In calling for a drop here, I have had a few Gold Bulls say that we recently had a 'double bottom', so another drop here and the Bull could be over. I was also told we'll crash thru last Junes lows , because "There is no such thing as a double bottom"!
Well, I found something that blew my mind 
and I wanted to share it with you. PLEASE STUDY & MEMORIZE THE SHAPE OF THE GOLD (GLD) WEEKLY CHART BELOW. FOLLOW 1-5 on the right hand side, before moving on ...(Click chart to enlarge)
The RUN UP, the TRIANGLE, the false break upward, the drop thru support, the double bottom...
-if we drop again, MUST WE CRASH THRU JUNE 2013 LOWS?
-Is there really "NO SUCH THING AS A TRIPLE BOTTOM"??
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and I wanted to share it with you. PLEASE STUDY & MEMORIZE THE SHAPE OF THE GOLD (GLD) WEEKLY CHART BELOW. FOLLOW 1-5 on the right hand side, before moving on ...(Click chart to enlarge)
The RUN UP, the TRIANGLE, the false break upward, the drop thru support, the double bottom...
-if we drop again, MUST WE CRASH THRU JUNE 2013 LOWS?
-Is there really "NO SUCH THING AS A TRIPLE BOTTOM"??
Read More
UPDATE to my last post
APRIL 11, 2014 - Please review my last report , it basically is still quite valid. I had some possible downside targets that havent been met yet (For ex: QQQ could visit the 200Sma), however with 'bounces' along the way and the "Should I 'Buy The Dip'? mode firmly in peoples minds- is it really just a roll of the Dice?
No. BUY-SELL-HOLD is still a personal decision based on your trading/ investing goals...and our Energy & Steel trades from weeks ago are still green, but for others - Tech stocks/Momo trades are a mess. Lets review a few charts ...
Nimble Traders can look for lower risk entries based on probabilities ( like oversold areas and trendline/moving average support,etc) but in waterfall sell offs , even these can fail and one should not trade heavy sell offs unless they can monitor their trades intraday.
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Nimble Traders can look for lower risk entries based on probabilities ( like oversold areas and trendline/moving average support,etc) but in waterfall sell offs , even these can fail and one should not trade heavy sell offs unless they can monitor their trades intraday.
Read More
