ARE WE ABOUT TO BECOME BEAR SNACKS
/24 Comments/in Premium /by Alex - Chart FreakNOV 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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Where Do I Start?
/16 Comments/in Premium /by Alex - Chart FreakNovember 3, 2014
Its hard to know where to start. As I begin writing (Sunday night ) Gold is testing new lows, The $USD is at new highs, But I am thinking GOLD may reverse Like ENERGY did! I really want to keep this simple, but there's nothing simple about the "THINGS" I am seeing, its getting exciting though! I have so much to say that I have to do the Audio version. About 98% of the feedback has been that Audio & later Video is the way to go. Excellent results & feedback, thank you. I did get a couple of emails saying that for some who do not use computers much, they still do not know how to use the audio, and can I still write everything out. I apologize , but That will not work for this report. I will try to write 'enough' , but It is going to be too lengthy and it takes me between 3-4 hrs to draw all the charts, upload all the charts, write about the charts, etc. I've already gathered hours of charts to try to explain what I am looking at. PLEASE- do yourself a favor and follow the instructions on the link and learn to use the audio. It will be a better tool for you too
A QUICK MARKET UPDATE - ( and then METALS & ENERGY) Make sure your volume is turned up
[RIGHT CLICK THIS LINK BELOW open in a new tab-- CLICK "Download" , then click "OPEN". come back here and follow the charts]
http://www.screencast.com/t/2UN2nptYnq
$TRAN FROM OCT 21 (back in the uptrend)
As election Tuesday approaches, I pointed out this ....
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ENERGY LOWS
/4 Comments/in Premium /by Alex - Chart FreakThis content is for members only