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Charts from the Lunatic Fringe.

Discussion in 'PM Trading/Stocks/Technical Analysis' started by Zed, Oct 21, 2014.



  1. louky

    louky Silver Member Silver Miner

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    Last edited: Oct 6, 2017
  2. louky

    louky Silver Member Silver Miner

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    anyone watching this? LOL
     
  3. louky

    louky Silver Member Silver Miner

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    [​IMG]

    [​IMG]
     
    Last edited: Oct 6, 2017
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  4. louky

    louky Silver Member Silver Miner

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    It's like having your own printing press $$$$$
     
  5. jelly

    jelly Seeker Seeker

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    I'm too busy admiring those green digits at the bottom of my account totals...
     
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  6. jelly

    jelly Seeker Seeker

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    GDX has moved above $23.50 in a strong fashion. Seems to have gotten a bit tired though. Let's see how we close today.
     
  7. louky

    louky Silver Member Silver Miner

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    Market close 4pm


    Market reopen 6pm



    next day

    Range ;)

    [​IMG]
     
    Last edited: Oct 6, 2017
  8. louky

    louky Silver Member Silver Miner

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    might not be a bad idea to look at natural gas

    [​IMG]




    box 2.79-2.88-2.97-3.15
     
    Last edited: Oct 6, 2017
  9. louky

    louky Silver Member Silver Miner

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    crude

    [​IMG]
     
  10. louky

    louky Silver Member Silver Miner

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  11. louky

    louky Silver Member Silver Miner

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  12. louky

    louky Silver Member Silver Miner

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  13. louky

    louky Silver Member Silver Miner

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    on a friday, no less :)

    [​IMG]

    [​IMG]
     
  14. Zed

    Zed Size doesn't count! Midas Member

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  15. Zed

    Zed Size doesn't count! Midas Member

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    Yes a Friday, normally the best day of the week to buy around here!
     
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  16. Zed

    Zed Size doesn't count! Midas Member

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    Hamilton's 10% correction from $1,348 puts us in the low $1,200 range. The 200 DMA is obviously well within that range. Hamilton's argument tends to support the low now with a big rally following idea. Gold could turn a head of Armstrong's projected date simply because the stock market and other markets don't always turn in sync. It's logical that gold should turn before a stock market high because the diversification selling, that marks the high in the stock market, coming from the more prudent fund managers and subsequent hedging in GLD will generate buying pressure in physical gold. I respect both Hamilton's and Armstrong's opinion, and they both could turn out to be on the money here. If so, it argues against the ABC correction idea and for the low soon major rally idea. Either way to expect the commercials to shoot for the 200 DMA is prudent, should they fall short of that target before a major rally it is a very bullish omen.

    Whichever way you turn it, mid to long term, this is a high probability buying window. Drawdowns from this point should be minimal whichever way it plays.
     
    Last edited: Oct 6, 2017
  17. louky

    louky Silver Member Silver Miner

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    Very possible to test the july low. If it happens, i'll probably start scaling into more physical with excess cash
     
  18. louky

    louky Silver Member Silver Miner

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    Just watch 1296, that's it
     
  19. Zed

    Zed Size doesn't count! Midas Member

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    Epsilon Theory with sheep logic!
     

    Attached Files:

  20. Zed

    Zed Size doesn't count! Midas Member

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    10% is in the 121x area which is the maximum extent of a typical correction. I guess that is possible but to me would indicate weakness and would not argue a strong rally is in the offing. I really think we need that 200 DMA to hold well. However markets don't respect opinions!
     
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  21. louky

    louky Silver Member Silver Miner

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    Armstrong subscription blog today, sounds like the market videos from gary i posted. Vertical phase...

    [​IMG]
     
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  22. louky

    louky Silver Member Silver Miner

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  23. Zed

    Zed Size doesn't count! Midas Member

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    Ok but Armstrong is bullish stocks, the vertical move his talking about his up, isn't it? If it happens we're going to go from over valuations to insane valuations, this is going to be more like a Zimbabwe style stock market melt up than it is any normal Bull market rally. I'm not exactly sure what's going to drive it, possibly straight out inflationary forces, possibly demographics with baby boomers moving money out of say real estate into stocks simply because they're going up. I don't know it seems a stretch to me. Personally I think I'd be betting on the inversion, but what the heck is an inversion anyway? Sorry the cycle is wrong? I'd like to understand what drives inversions and why they're not predictable as far in advance as the cycle itself is. I don't get it, at this point to me it looks more like a get out of jail free card for a cycles guy!
     
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  24. louky

    louky Silver Member Silver Miner

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    Yes up, 40,000 dow by 2020 is Armstrong's call. The chart that followed is unrelated, just something interesting i came across
     
    Last edited: Oct 7, 2017
  25. louky

    louky Silver Member Silver Miner

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    [​IMG]

    "It's different this time "
     
  26. stAGgering

    stAGgering Silver Miner Seeker

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    Everything bubble looks a touch combative.
    Obviously "lubed" and "rubbed" where it hesitated.
    Everything will be A Ok, no problem, "it" is truly different this time.
    F-ing pronouns fool 'em all.



     
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  27. savvydon

    savvydon Gold Member Gold Chaser

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    Reminds me of an 'X' wave in Elliot theory. Kind of like 'sorry this one breaks all the rules, so I'll just insert some filler till I can get the pattern to fit better'.
     
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  28. southfork

    southfork Mother Lode Found Mother Lode

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    So all that being said to a non charter is gold and silver going to the moon?
     
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  29. louky

    louky Silver Member Silver Miner

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    Lets hope not, there's no oxygen up there man!
     
  30. Zed

    Zed Size doesn't count! Midas Member

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    A chart can't tell you that. What it's telling you is the most probable move given the history.
     
  31. louky

    louky Silver Member Silver Miner

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    [​IMG]





    3000 s&p incoming
    [​IMG]
     
  32. louky

    louky Silver Member Silver Miner

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    ~25 gdx then we'll see

    [​IMG]
     
  33. louky

    louky Silver Member Silver Miner

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    the fib #'s are amusing.....

    1359

    1386

    Box 1359-68-77-1386-1395


    [​IMG]


    The Bulls want 1420's

    Came up a bit short in September

     
    Last edited: Oct 8, 2017
  34. louky

    louky Silver Member Silver Miner

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    [​IMG]
     
  35. louky

    louky Silver Member Silver Miner

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    Miners will ramp tomorrow. Weak ass, rebalaced jnug/jdst +/- 10%
     
  36. louky

    louky Silver Member Silver Miner

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    Hopefully someone besides me and jelly loaded up
     
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  37. louky

    louky Silver Member Silver Miner

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    78-87-96

    Pivot 05


    [​IMG]
     
  38. Zed

    Zed Size doesn't count! Midas Member

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    Don't do that... you know Mr Market is a biatch.
     
  39. louky

    louky Silver Member Silver Miner

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    Days range since open :)

    [​IMG]
     
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  40. Zed

    Zed Size doesn't count! Midas Member

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    Gold very much looking like a trend change is in play on the daily chart... so far. If so the horizontal support line held well, both above trend and above the 200DMA. This is good, better than anticipated. Now will it hold into today's close and if so is it a dead cat? I have ~ 1308/17/34 as resistance on the daily, then the closing high @ ~1349. Over 17 is hopeful, over 34 is looking good, over 48 and I think it might be a 14 handle year end.

    .... also, at this point the weekly Parabolic SAR up trend, starting early August, is still up and has not been breached.
     
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