The Forest or The Trees?

Have you ever heard the expression " Cant see the Forest through the Trees" or "Cant see the Forest For the Trees" ?  Its about being so focused on 1 Tree ( Or 1 idea) that you cant see the big picture, the Forest . Its important for investors to see all things big and small , because it can affect the outcome along the way.

For example, we may see a nice set up in a stock. EBAY looks to be breaking out

EBAY  

EBAY just might be breaking  out & take off from here, but stepping back and looking at the bigger picture helps us to see if we should be buying / waiting / or what?

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Comfortable?

As Gold drifts around the lows of November,  many wonder whether it means Metals are about to break through the bottom again and head for new lows, or break out higher?  For many its hard to get really comfortable with the constant ebb and flow of the Metals , especially with the Dollar acting so strongly lately.   We can look at some charts in the public section here and comment a little about whats been happening, but a Premium report just went out this weekend, so the review has to be limited, not taking away from those reading the premium version. 

 Gold hasn't broken down in a lasting manner  from this channel, but its at the low end now and faces resistance above. (Click chart to open)

  GOLD DEC 8  

If you look at a long term chart of SILVER, it finds itself in a similar place ...

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BULLISH

Dec 2 2014

   WOW!  Metals!  Could it possibly be nearing a time to gather a small CORE position in miners?   Or is that just a rotten idea  at this point? I just posted a member report , but I  didnt want to just leave my other friends/ followers who may be unable to sign up at this time  hanging, so I just want to post a quick update. The recent ride in GOLD/SILVER  has been what...Breathtaking to say the least ?  It really has and if you've followed my reports then you know that  it has been shake out after shake out (Quite often on Fridays).   I had maintained that these were Bullish when they recovered, so what is going on now?  We had a 1/2 day holiday trading period last Friday ... but it got crazy.

BOOM, an $80 move in Gold

  GOLD DAILY  

I always thought that someday we'd see a $100 dollar move in Gold, but I thought  that we'd see that when Gold was up near $2000 . ..

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Your Invitation to Join Me

I really want to thank you for following along here at ChartFreak. Whether you have been here since I started posting last March, or you have just joined me in the past few weeks, I’m happy to have had the opportunity to share my years of experience with you.   I have appreciated the support through your kind comments and I’ve also enjoyed the various questions that many have asked. It has helped me to get to know you and allow me to better structure my posts and reports to provide real, actionable value to my readers.  I know readers have varying trading experience, but you’re all here seeking to achieve the same goals in the end, which is to be a more successful trader. No matter what level you’re currently at, I’m confident that with my extensive experience, you will learn trading strategies that will make you a better trader.

At this point, I have found it necessary to re-design the website in order to support a better user experience.  As a free service, the site has grown dramatically and to the point where I’m concerned many of the strategies I employ will become too freely available.  Many of the charts I show are of high-flying stocks just breaking out and this type of information should be more restricted.  But to be perfectly honest, maintaining the volume and quality of these reports is time consuming and it does take time away from my personal trading.  It takes many hours per report to provide this level of service and I hope you can appreciate that doing it for free is just not a long term sustainable model.  I love sharing my knowledge, but to continue providing a great experience for you my time needs to be compensated.

By turning the site into a membership service, I’m able to freely share my experience and dedicate the time needed to continue providing what I hope has become a valuable service to you.  For many of you who have followed me over many years on various forums, you know that I work extremely hard.  With this new service, I assure you that I will continue with that same relentless vigor.

This service will never become my primary source of income, I’m foremost a self-employed, full-time trader.  This is important because I don’t need to spoon feed people “marketing hype” to sustain my living.  As a full-time trader, I will be passing along my years of trading experience and the day to day research I already employ in my own personal trading.  For this reason, I’ve made the membership level for Founding Members at an extremely low price.  Good trading courses (for just one week) cost well over $1,000, sometimes much more.  I believe you will be pleasantly surprised at how low we’ve priced this service.

You’ve seen my work first hand over the past 9 months, and I hope that you’ve benefited from some of the trades provided.  But above all, I hope that you appreciate the detailed thought and breakdown that goes into each of my reports.

Please note, that this Founding Member special is available for 72 hours only as “a gift” to followers of the site up to this point.  A Founding Member is offered a discounted rate (around 40%) off an annual membership, for the life of relationship.  You don’t have to renew, but know that your rate will never change if you do.  Either way, I want to thank you for your support.  I sincerely hope that you will decide to take this journey with me; I promise that you will not be disappointed.

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Deviate From The Norm

Dec 1,2014      An Anomaly is something that deviates from the norm or the standard.  When you see one, its rather hard to know what to make of it.  Even though we have to "Expect the unexpected" in the markets, I must admit that Fridays HIGH VOLUME  in Gold / Silver / Miners (And OIL / Energy stocks  for that matter) took me very much by surprise.  Let me say that I was Shocked when I saw that volume, let alone that it came in the form of a GOLD SMACK DOWN on a holiday.   Friday was an anomaly for me.  By normal standards it is usually part of a  4 day vacation type weekend when many 'pack it in' to travel & be with family. That Friday after Thanksgiving is usually a shortened  light volume 1/2 day of  trading .  A NON-EVENT. When someone asks me "Are you still learning from the markets?" I give it a resounding "OH YES!" for just such occasions.  lesson here, stay alert - stay frosty at all times,  and if the markets are open....expect the unexpected!   The Big question is , "What happens now with Gold? Are the recent lows doomed? Did the Swiss Vote ruin everything?" Lets review a few points and discuss Read More

You Have 1/2 Day To Decide

11/28/2014    GOLD!    Meltdown? Blast Off? Non-Event? The question on many investors in the metals markets this weekend points towards the SWISS REFERENDUM. And as far as holding your current positions or selling them, you now have 1/2 day to decide whether you should HOLD or you should SELL.  Let me just say, I've laid out the BULLISH case here for the past 3 weeks and so far, we have seen matters play out exactly as I thought it would.   However, The event Sunday can cause a knee-jerk reaction and so I want to mention that there is no shame in selling if one is unsure or nervous. Todays 1/2 day of trading is your last chance to do so. I am here to again review why "Nothing has changed" so far, because I did get a good number of emails asking me about that.   GOLD  -  Yes it has sold off again.   In many prior reports I mentioned that Fridays have been pretty predictable that way lately, so that you'd be prepared. Take a look,  does it look absolutely broken to you?   Gold 1179   That $1179 has been an important number,on Nov 18 I shared this chart below on FED day to prepare us for that...   Read More

PART 2 Fuel To The Fire

Mid day Nov 18 As we watch the day unfold, I am still seeing some Bears add to their shorts here in public blogs.  It's tough to watch if you think that we have more upside, and I'm not happy about it, just pointing out what that might mean .  They want to add here trying to  make their money back if prices drop. Some are still saying that   "KIng Dollar will crush the Metals" and  "It was a Break Down of Triple Support, now support is broken , so its going to crash."    As I have outlined here...It had the makings of  a "Shake out" &  Now looks to be a "LOCK OUT".     When these shorts finally throw in the towel, prices should even climb higher leaving them with bigger losses and then for them, prices are too high to jump into ,  without feeling like they are chasing.  I want to share with you another development...MINERS. As explained in an earlier report- A  "SHAKE OUT" is when price breaks below support and causes "Shorts" to take or add to existing positions. Prior support SHOULD become resistance, but IF support is recovered - it is viewed as a "shake out". I pointed that out in GOLD.  Today we see MINERS acting in the same manner. Notice...   GDXJ - I was watching for a recovery here too and drew this chart at noon. Since then,  It has now recovered its support level. Price as I write is Currently $29.22 . A close Above $28.82  is Bullish.   GDXJ Recovery   What about GDX? ... Read More

Fuel To The Fire

Nov 18,2014 

   Just a few thoughts here, not much has changed.  I had one reader ask me to review the QQQ's , so I will do that and also use the SPY as an example, but first GOLD. The outworking  of GOLD continue to look and act  like a "Shake out"  & then the final "Lock Out" have occurred.   I actually have people writing me saying they are going to short the 20sma and also will short again at the 50sma.  One asked me  "I added shorts today , when will you be?"   IF THIS IS A LOCK OUT move, shorting is extremely costly. We might get pullbacks here and there on a daily chart, but A short cover rally accompanied by buying can cause a somewhat pause-less rally and the mental damage can cause one to just freeze. So historically, Please look at this Weekly chart ....

 AUDIO CLICK HERE  click here / press download then click OPEN and come back to follow charts

Better to  short this , or buy the dips?

 

GDX ICL

 

Next lets cover Gold as I see it this am ( 6a.m.)...

 

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Signs of a Lock Out

Monday Nov 17,2014   Just a Quick memo today, because I think that "The weekend report said it all"   as far as How I am seeing things and what I am thinking. Now we have to wait and see and look for either follow through or other activity that confirms or negates  the things that I mentioned in the weekend report.  Also I see that the report did raise a couple of questions that I noticed in a few emails. "What do I do" and "Can I go long?"  "Should I hold my DUST & sell on a dip & then Buy a pullback?"   Quick review and then a few ideas. How I feel about DUST & SHORTS. I believe that because of the strong run up  (On a FRIDAY) we saw a possible Shake out AND a possible "LOCK OUT". A LOCK OUT  is when they sell prices down and get people to bail out on longs, run the stops, and even encourage heavy shorting, since they break prior "SUPPORT" levels. Those support levels become resistance,right?  Since $1179 was support turned resistance , but offered No Resistance on Friday...it is looking like a possible "LOCK OUT" now.   $1179 becomes support again. That is when Buyers now have a hard time buying- they have been mentally locked out. They even expect a pullback after Fridays straight up move, so they hold "SHORTS" to sell for at least a little less of a loss.   Here is the chart of GOLD FRIDAY - (Click to enlarge)   GOLD NOV 17 That run up plowed right through the "Resistance" of $1179 , and...   Read More

Did you say a “Core” position?

Nov 13, 2014  Not a lot to say today- I got about 80 replies to the recent request for input on a better designed website. I tried to reply to each and every one. I THINK I may have accidentally permanently deleted one of them, if you didn't hear back from me, I apologize- I DID read it before that happened. You can even resend it and I'll get back to you, but I spent a good deal of time replying and thanking everyone for such positive feedback.  Pat yourselves on the back, what a Kind group of people are reading here!  AUDIO LINK HERE  click here Now..A CORE? I had a couple people ask me why I dont discuss my "Core" holdings vs trades. I will when I have some, but until things start trending, I cut the core! Maybe some ENERGY or  COAL stocks are a little more BUY & HOLD  at this time. Some have begun trending.  And  since the COAL lows, earnings were released late OCT- it would seem that any bad news is baked in and upside seems to be steady  (Above the moving averages. Lets take a quick look...   BTU - recommended yesterday at 10 A.M. BTU 1 .5 Hrs later BTU 2 Also ... Read More