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Charts from the Lunatic Fringe.

Zed

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Gut saying it will break lower from here... thus I believe the odds favor a break higher.
LOL.

Now you have the mind of a true trader grasshopper!

Somewhere out there in the universe is a place where this all makes sense.

We are probably not allow to visit.
 

jelly

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Playing around with trading view. I like their charting software, and it comes with more features than I'll ever use.
Put some Fib lines on this recent move starting at the 1180 low back in August '18. Assuming this is the completion of the first wave higher, projected pullback targets.
.382 fib level is at Louky's 1251 area. .5 is at 1240. Ironic the fib levels also lay at the major support/resistance areas. In a simple & perfect world, we head to .382 and continue higher.
gold.png
 
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louky

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Blogger experts always looking for reasons to blame..

The Banks have increased the total float of Comex gold contracts by over 25% in just the past 30 days. THIS is why price is stuck. What would happen to an equity if the float increased 25%?
Nah, just top of the box. 1296. Posted for years. Much simplier.
 

louky

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Playing around with trading view. I like their charting software, and it comes with more features than I'll ever use.
Put some Fib lines on this recent move starting at the 1180 low back in August '18. Assuming this is the completion of the first wave higher, projected pullback targets.
.382 fib level is at Louky's 1251 area. .5 is at 1240. Ironic the fib levels also lay at the major support/resistance areas. In a simple & perfect world, we head to .382 and continue higher.
View attachment 122518
1179 bottom of lower box, below that it's pure bear market (posted two years ago)

1251 historical pivot between current box and lower box, 1197 top of lower, 1269 bottom of current
 

louky

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1278 bottom of inner box key right now, if it holds then look for a pop


All I know for sure is 1278 in focus, 1305 historical pivot above and 1318ish-1322ish is big fib zone of current moves


1318 Close = 76.4% of 1360 to 1184 on a closing basis.

1318 = 76.4% of 2016 High at 1377 to December 2016 low of 1124.

1322 = 76.4% of 1369 to 1167 on an intraday bas
 

savvydon

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1278 bottom of inner box key right now, if it holds then look for a pop
I think this is a good pivot point to watch to help with deciding where the GDX will go in the short to intermediate term. We are at a place where a pop in the metals will probably assist the miners. If the miners get a pop we are looking at a cross of the 50dma above the 200dma which should spark some momentum trading. If we crash down through the Louky box I think the GDX heads lower. I bought a few June GDX 22 calls yesterday and will decide whether or not to scale further in based on where we head next week.

screenshot_88.png
 

louky

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Fake news sugar high peaked

Screenshot_20190119-094923_Google.jpg



Fake news since dec 24th bottom that, "china talks going well", "deal soon"....blah, blah, blah. Non stop every 12 hours....

Screenshot_20190119-095142_Google.jpg




Same broken record fake news, never fails. You can predict it just like the monster bounce (liquidity injection) off the moving average at 2350 s&p

IMG_20190119_095420.jpg
 
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louky

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Trump says he lowered gas prices and life is good now! Guess when everyone is working two jobs just to keep the water on it doesnt help much. Sentiment crashing along with it...

IMG_20190119_095809.jpg
 

louky

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Will America's index become great again, or lead the way back down like it did from sept to december?

 
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Goldhedge

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Fake news since dec 24th bottom that, "china talks going well", "deal soon"....blah, blah, blah. Non stop every 12 hours....
Does this mean that the MSM is now promoting Trump or the obverse?

Will America's index become great again, or lead the way back down like it did from sept to december?
Why do they call Russel 2000 'America's index'?
 

louky

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Does this mean that the MSM is now promoting Trump or the obverse?



Why do they call Russel 2000 'America's index'?
All i see is trump spamming social media all day every day with fake trade news. Also, press release by White House admin that, tarrifs will be lifted, but now according to Eikon this morning, trump himself said that was false.

The Russell 2000 index is an index measuring the performance of approximately 2,000 small-cap companies in the Russell 3000 Index, which is made up of 3,000 of the biggest U.S. stocks. The Russell 2000 serves as a benchmark for small-cap stocks in the United States.
 
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louky

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Here it is, came across Eikon this morning 9am, hit the google news two hours later

Screenshot_20190119-125548_Google.jpg


Same fake news as coming out sept/oct drop going into G20. Then deny an "admin's false info" after desired results achieved (pump)



So true, gonna hurt a lot of people, no doubt!
 
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louky

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Why is trump's deliberately fake news important? Last time stawks were priced for a china deal was before G20, what happened after?
IMG_20190119_132950.jpg


"Priced for china deal", but this morning Mr. Pres denies his entire news feed from last week


Screenshot_20190119-133637_Google.jpg


Screenshot_20190119-133740_Google.jpg


1+1= jello
 
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louky

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Within the past 20 trading days, VIX has gone from a close over 35 to a close under 18. The only other time in VIX history that's happened? Feb 2018 (on the way back up after huge glitch).
 

louky

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It's just best Januarys and performance after. Looks bullish right? But all years period, 67% of them are green.
 

Zed

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Goldhedge

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Bye Bye Trade War? China Plans $1 Trillion Buying Spree to Reduce US Trade Deficit
January 18, 2019

China has extended the olive branch back to the United States by offering a path to eliminate Washington’s burgeoning trade deficit with the country, Bloomberg reported Friday. The news comes less than a day after The Wall Street Journal reported that the Trump administration was considering lifting tariffs amid the ongoing trade war.

China Proposes Six-Year Buying Spree
Citing sources familiar with the matter, Bloomberg reported Friday that China has offered to significantly boost its purchase of U.S. goods over a six-year period in an effort to re-balance trade between the two superpowers. By increasing its annual imports from the United States, Beijing would reduce its trade surplus to zero by 2024. That would require a spending boost of more than $1 trillion.

Last year, Beijing’s surplus with the U.S. stood at $323 billion.
 

Uglytruth

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We don't make much here anymore. Are they simply buying what they already are producing for American companies? Trust but verify!
 

jelly

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Quick look at gold. Indicators (RSI, Stochastics, MACD) took a sharp turn lower on Friday's break down from its consolidation pattern. Indicators have plenty of room to the downside. Oh, and check it out. 50 DMA and 200 DMA both at Louky's 1251. Makes for a very nice target.
gold.png