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Charts from the Lunatic Fringe.

louky

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Natural buyer coming in on spx at the lows of a 2% down day. Just dying to own it during a global growth crisis, i guess. :D
 

Goldhedge

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jelly

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Apparantly silver is unstoppable.
GDXJ looks like it broke out of a double bottom formation
 

Goldhedge

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Apparantly silver is unstoppable.
GDXJ looks like it broke out of a double bottom formation
I'd want to see it test that rise...

Screen Shot 2019-01-03 at 10.55.18 AM.png
 

louky

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I've posted this blog a couple of times before over the last year or two, but he's a very good forcaster. I thought some people might like his most recent post.



Nobody gets it right all the time, but definitely worth bookmarking his site for later review
https://flourishrm.com/
Update/Most recent forcast
Screenshot_20190103-133744_StockTwits.jpg


"Reversal target 1260-70"


1269 bottom of the box NCN
1251 historical pivot between 1269-1197, sustained pivot below that would be very bad
 
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louky

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You always know that all the chartists and bloggers are going to have targets posted already for years, ie 1269 bottom of box test for reversal
 
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Apple may be in big trouble ahead, could under $80s in the cards? Buffett refused to sell his Apple shares and smart enough to use limit orders to force selling to preserve his capital. Apple and the semiconductors combined makes up a big chunk of the market cap. Anyone know what percentage wise that apple has with the Dow?

On the other hand, my golden bear as turned into shiny golden metal.
 

Goldhedge

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Zed

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Just behind you.

louky

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1305 small pivot. Most important 1296 though. nomally once 1296 support is pure, next box way up on the moon comes. 1359 bottom of the box.
 

savvydon

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The potential energy of this market looks to be large, I'm just not sure 2019 will see it fully released.
Seems like everything has been moving slower than forecast. I'm good with that. I still like the fundamental analysis, not in any rush to 'get there'. In fact, I would be fine with a 'controlled release' of that energy.
 

savvydon

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1305 small pivot. Most important 1296 though. nomally once 1296 support is pure, next box way up on the moon comes. 1359 bottom of the box.
Let's see if Friday will let us put a little exclamation point on this thing.
 

louky

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Update/Most recent forcast


View attachment 121194

"Reversal target 1260-70"


1269 bottom of the box NCN
1251 historical pivot between 1269-1197, sustained pivot below that would be very bad
Been following this guy's blog for a couple of years, he's good. Gets a lil over zealous on gold ssometimes, like the rest of us.....but most recent index forecast

Screenshot_20190103-205605ts.jpg


He says 6 more weeks of "short the rips"
 
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Been following this guy's blog for a couple of years, he's good. Gets a lil over zealous on gold ssometimes, like the rest of us.....but most recent index forcast

View attachment 121267

He says 6 more weeks of "short the rips"
Gold is a tough nut to crack! I thought Gold could theoretically hit 3000+ based on gold per supply increase & M2 debasement.
 

louky

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we're on the cusp of one of the worst....First-3-Days-Of-a-Trading-Year in SPX history (back to 1923).

if SPX drops at least 11.71 points Friday, it will be the 4th worst. -38.57 pts makes 3rd worst. -56.27 pts makes 2nd worst. -117.69 pts makes worst.
 

louky

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Measured move from a couple of weeks ago almost complete. Wonder what happens to gold and tlt when it bounces?

 
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I'm thinking around aprilish is going to be a slaughter on the miners
that's tricky one for TNX, try looking up ^TNX on yahoo finance and it will show you the data going back to Jan 1, 1962. You will notice that gold ran up in those three years from 1978 to 1980 top. TNX went up monstrously until gold ran out of gas.
 

louky

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that's tricky one for TNX, try looking up ^TNX on yahoo finance and it will show you the data going back to Jan 1, 1962. You will notice that gold ran up in those three years from 1978 to 1980 top. TNX went up monstrously until gold ran out of gas.
The picture i see being painted is unlike anyone else in the world sees, doesn't mean i'm right. That said, my slv and gdxj monster swings are finally green and i'm mostly scaled into a small position of puts. We'll see what happens.
 

savvydon

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I wonder where everyone's favorite ma's are located right now?

whistle:
Well, good sir, it appears like the 200 week is currently at $16.38, moving down at a rate of .05 to .1 per month, which should get us to exactly $16.29 rather soon...

screenshot_86.png