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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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    Same

    [​IMG]

    Perry, i think your yellow line might be toast already.

    It's not unreasonable to consider the bubble conservative ;)

    [​IMG]
     
    Last edited: Feb 3, 2018
  2. Goldhedge

    Goldhedge Moderator Site Mgr Site Supporter

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    Louky what do you think the market will do on Monday after this correction?
     
  3. louky

    louky Silver Member Silver Miner

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    Should continue monday, watch asia sunday night
     
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  4. louky

    louky Silver Member Silver Miner

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  5. louky

    louky Silver Member Silver Miner

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    Dolla gaining strength against all. Be careful out there....

    [​IMG]
     
  6. louky

    louky Silver Member Silver Miner

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    Gold will play catch down.

    [​IMG]


    Only question is how low does she go. Answer? Who knows for sure, but when does gold not drop further than "everyone" expects?
     
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  7. louky

    louky Silver Member Silver Miner

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    GLD x ~10.5

    [​IMG]
     
  8. louky

    louky Silver Member Silver Miner

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  9. FunnyMoney

    FunnyMoney Silver Member Silver Miner

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    I want to see how the stock market and the dollar play out first. I'm also watching base metals, global growth and silver very closely. My thinking at this stage is as long as there's a resumption of global growth and stock market increases then 1250-1270 area is it. If there's a serious correction but not a crash, then 1220. I'm not placing any bets on those numbers yet though, again I want to see more information.
     
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  10. louky

    louky Silver Member Silver Miner

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    Goldies

    [​IMG]
     
  11. southfork

    southfork Mother Lode Found Mother Lode

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    I'll put my toe in the water if we see 15.sssss tonite
     
  12. louky

    louky Silver Member Silver Miner

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    Naw, not after .50+ drop

    Silver leading the pack so far. If usdcad weakens, then may be good trade opp tomorrow
     
  13. louky

    louky Silver Member Silver Miner

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    Bond puke fest

    [​IMG]
     
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  14. jelly

    jelly Seeker Seeker

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    A quick look at the previous 2 stock market tops in 2000 and 2007 shows that the markets like to put in double tops, or make 2 attempts before breaking down. Perhaps this is what we should expect when the top comes in the current stock market?

    NASDAQ in 2000
    2000Nasdaqtop.png
    SPY 2007
    spy2007top.png
     
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  15. FunnyMoney

    FunnyMoney Silver Member Silver Miner

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    Technical analysis typically gets re-written after the fact, jelly.

    You can find plenty of false double tops along the way to the final double top. Not sure if we're actually in a parabolic move, but if we are, for the stock market those typically last for about a year or so.
     
  16. Goldhedge

    Goldhedge Moderator Site Mgr Site Supporter

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    "Past performance is no guarantee of future results."
     
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  17. FunnyMoney

    FunnyMoney Silver Member Silver Miner

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    I'm not sure what you're trying to say by that. Are you saying we are at the top right now? What are you really trying to say? Because those mantras were ingrained into us since we were 12 years old when we took trading 101.

    There are dozens of these sound bites. Here's another one for you: "The market can remain irrational longer than you can remain solvent." But just by saying that obvious mantra doesn't provide any actionable intelligence.

    Here's another: "The trend is your friend."
    But I'll now give you something you can use to go along with the mantra: I believe the up trend is still intact and last week was not the top, JMHO, DYODD.
     
  18. Goldhedge

    Goldhedge Moderator Site Mgr Site Supporter

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    Looking back to predict the future... does it really work?

    I've not seen that to be the case....
     
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  19. FunnyMoney

    FunnyMoney Silver Member Silver Miner

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    Sometimes it does and sometimes it doesn't

    The only asset which seems to hold up completely to past performance is gold and silver. Looking at a 5000 year chart, it's very clear that over the very long run those forms of money retain purchasing power where paper money never has.

    I think Tesla is a great company, but beware the stock. JMHO, DYODD.
     
    Last edited: Feb 5, 2018
  20. bemac

    bemac Midas Member Midas Member

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    Gold and silver holding steady compared to stocks and cryptos.
     
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  21. Goldhedge

    Goldhedge Moderator Site Mgr Site Supporter

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    GE looks to be a buy right now... because of past performance....


    Screen Shot 2018-02-05 at 11.03.23 AM.png

    :bombs 8::blew up:
     
  22. louky

    louky Silver Member Silver Miner

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    did china own GE in the past? ;)
     
  23. louky

    louky Silver Member Silver Miner

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    orderly selling s&p

    point is for them to sell you stocks you don't need

    without triggering the circuit breakers ;)
     
  24. louky

    louky Silver Member Silver Miner

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    in other words, they're controlling panic
     
  25. louky

    louky Silver Member Silver Miner

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    is anyone else getting java errors here on teh forum the last couple of days? and also white page full of hieroglyphics?


    [​IMG]
     
  26. Goldhedge

    Goldhedge Moderator Site Mgr Site Supporter

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    Errors? Not me...

    What browser you using?
     
  27. Goldhedge

    Goldhedge Moderator Site Mgr Site Supporter

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    Was listening to Sinclair and Bill Holter talking about GE... He said the new guy running the place got exposed to derivatives in the worst way... chances are pretty good that GE might never come back....
     
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  28. louky

    louky Silver Member Silver Miner

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    Exchange-traded security linked to volatility plummets 80% after hours, sparking worries of market ripple effect
    Thomas Franck | @tomwfranck
    Published 15 Mins Ago Updated 1 Min Ago

    https://www.cnbc.com/2018/02/05/xiv...linked-to-volatility-plummets-80-percent.html

     
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  29. louky

    louky Silver Member Silver Miner

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    Says google chrome browser

    Happens on phone too


    [​IMG]





    Just about any link i click gives some kind of error and i have to refresh
     
    Last edited: Feb 5, 2018
  30. savvydon

    savvydon Gold Member Gold Chaser

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    Weird... I'm not getting any of that.
     
  31. louky

    louky Silver Member Silver Miner

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    Sucks. It's only this site too.



    Hope i'm wrong on golds selling, cuz everything down together = big problem
     
  32. Goldhedge

    Goldhedge Moderator Site Mgr Site Supporter

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    I’m using Safari...

    Try a different browser? Uninstall and reload chrome?
     
  33. Goldhedge

    Goldhedge Moderator Site Mgr Site Supporter

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    How’s asia doing??
     
  34. Zed

    Zed Size doesn't count! Midas Member

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    My Gold stock portfolios are green @ lunch after the expected sell off in the AM... that is in the face of a -3% ASX @ 2:00 PM---> ATM I have 4 of the top 5 gainers on the market for the day. Gold in favour today... for sure!
     
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  35. Zed

    Zed Size doesn't count! Midas Member

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    BTW the other one is a copper play FWIW.
     
  36. stAGgering

    stAGgering Silver Miner Seeker

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    Get ready BOYYEEEZ !
    Predictability has been tossed out the window and is fallin', well(deep one) maybe.
    I can not wait to see metals truly be effected, rather than norm, prepped and positioned preemptively.
    Do not forget the 3% "safety" margin banks were operating; it was bulldozed, hallelujah !
    Got Dollahs ?
     
  37. Zed

    Zed Size doesn't count! Midas Member

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    Just installing Mint Linux and setting Windoze 10 up in a VirtualBox for those apps I just have to have, looking for a Linux equivalent for most of what I need but some things will be undoable.... anywhooo... the new Windows install is fucking creepy... its like Hal, I don't want an OS buddying up to me... I just don't trust any of the feckers that much!

    LOL
     
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  38. Goldhedge

    Goldhedge Moderator Site Mgr Site Supporter

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    Dow ends wild day down 1,175 points, largest point drop in history

    In a wild day on Wall Street, the Dow suddenly spiraled down almost 1,600 points at one moment — in what some analysts said was a computer- and machine-generated drop similar to the Dow's "Flash Crash" back in 2010.

    Author: Adam Shell, USA TODAY
    Published: 10:00 PM EST February 5, 2018

    The Dow Jones industrial average suffered its biggest one-day point drop in history, plunging 1,175 points on Monday and giving back all its 2018 gains as a flash-crash-style drop intensified a free fall in stocks that began last week.

    Fears of spiking inflation and borrowing costs caused investors to rethink their bullish views on stocks, which until just last week had fueled huge gains in the blue-chip Dow.

    "Corrections are a normal part of the investing process and not a reason to sell quality investments," said Alan Skrainka, chief investment officer at Cornerstone Wealth Management in Des Peres, Missouri.

    "My best advice for investors with long-term goals like saving for retirement is to turn off the TV and go walk the dog."

    http://www.9news.com/article/news/n...s-largest-point-drop-in-history/507-514954200
     
  39. louky

    louky Silver Member Silver Miner

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    Djia 21960
     
  40. louky

    louky Silver Member Silver Miner

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    -7%ish

     

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