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Charts from the Lunatic Fringe.

louky

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Historically, 3rd try is suppose to be a high high. Odds favor lil higher and we also got the fake news this morning as expected to support that theory. If not, then concern becomes triple top.
Top of the box, a beast. Probably better if it comes up short of 1296 here. 3rd try suppose to go high high.

1298 intraday top so far, 1296 (top of box) of course on the weekly

3rd try, suppose to go high high historically or poopsie.. . I prob just make this shit up,....can't be good prediction posted here already for two years in advance right?


Screenshot_20190121-224419_NetDania.png



Weekly

Screenshot_20190121-224401_NetDania.png



NCN

Top of the box

Memory

All you need

Etcetera

Yada yada
 
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louky

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Full Box
1269
1278
1287
1296

Above that would be 1305, but lets not get ahead of ourselves

1300 irrelevant
But 1300 is irrelevant of course, just like 1200 was (hot butter). 1305 is the number to watch.....9
1300 dont matter of course, would be hot butter if it comes. 1200 same.

Screenshot_20190121-224401_NetDania.jpg
 
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louky

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straight down backtest from 1296 is normal and expected always. i'm not full bearish unless 1251 fails with a sustained move. 1278 or even 1269 testing around and hold would be very bullish.
Looks like 1269 target is on the table and that 1251 number like jelly pointed out today. it's the historical pivot between 1269 and 1197
 

louky

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Definitely going to dump hard at some point, 1296 (long term trend line), 1305, 1309 , 1320?????

Probably fall straight back to 1251 pivot area with this lack of back testing
Sounds familiar? I think eventually we'll see what happens at 1251 pivot or if lucky 1269 bottom of the box holds
Next meaningful move looked like it would be down from a few weeks ago. Just have 1269 and 1251 in focus now
 

Zed

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Looks like 1269 target is on the table and that 1251 number like jelly pointed out today. it's the historical pivot between 1269 and 1197
1269 would be about best case... I think.
 

Zed

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Gold Daily. This is the way I'd typically approach it, always looking for the trading channel. Combine that with support and I'd propose ~1259 as the higher probability outcome here. That's on a daily close, so Louky's 1251 can easily be tagged. Maybe a couple of big red candles into the low by the looks of the STO. Should t' be long I'd say. If the channel holds up it will mean buying has to kick in over the 50DMA. Not a bad sign.

View attachment 122680
Little bounce off that first possible level of support, I didn't mark it. Not so long ago it was a given nothing would happen that close to the money. There is more strength here. STO is on a possible cross up if buying kicks in today, doubt it will be enough still thinking 1269 is best case.

Had a big dump in on of my favs today (NST:ASX) it was priced for perfection off the back of a new mine they've had for ~90 days. Reporting was OK but not perfect... but hey 90 fricken days isn't much time to sort a mine! Anyway... ~8% dump off the news, pegged back to ~4% in a few hours. Buyers are in the wings for goldies these days!
 
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louky

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Like i posted, it was 1296 glitch spiker, then dump to exactly 1278. Now making resistance theoretically at 1287.

1278-1287 is inner box, all you have to keep in mind to know what price action is saying

Full box 1269-78-87-96

Screenshot_20190123-071151_NetDania.jpg
 
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louky

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1278 bottom of inner box, that's why it doesnt just breakdown. All you have to do is watch for support/resistance in this range. So below 1287 bias is down, but it doesnt just collapse, inside inner box



Screenshot_20190123-073009_NetDania.png



Never changes, 1300 don't matter. Need support on 1296 for higher targets. Then 1305 pivot for confirmation
 

Goldhedge

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The following is an excerpt from Clive Maude latest review:

Tanzanian Royalty TRX, TNX.RSX, $0.32, C$0.435 at 2.00 pm EST
www.clivemaund.com
 

Zed

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Gold Daily. Near support has held up rather well so far. Looks like the window for 1259 is almost closed. Looks like the odds favor ~1269 if this support gives way, which would be normal.

Screenshot from 2019-01-25 19-47-55.png
 

dpong

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dpong

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dpong

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SPX gap up this morning on news is rather tepid. May be time to go short.
 

louky

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I guess fake news did it, not 1278 posted for years....bottom of inner box. Upside possibilities if 1296 support

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
 

Zed

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The strong action in the mining shares is suggesting to me that this correction in gold is over. Won't be for sure until we surpass the previous highs set earlier this month.
Hopefully we see follow through down here on Monday.
 

Goldhedge

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somethings afoot... the 'connected' folks know it....


Big banks expected to testify before House Financial Services Committee in March


  • J.P Morgan Chase CEO Jamie Dimon, Goldman Sachs' David Solomon and Wells Fargo's Tim Sloan are among the bank executives expected to testify, the sources said.
  • Bank of America's Brian Moynihan and Morgan Stanley's James Gorman are also expected to testify.
  • The CEOs would be testifying in front of Rep. Maxine Waters, D-Calif., who became the committee's chair earlier this month. One source told CNBC the testimony would likely be confrontational.
Ylan Mui| Fred Imbert

The chief executives from some of the biggest U.S. banks are expected to testify before the House Financial Services committee in March, two sources told CNBC.

J.P Morgan Chase CEO Jamie Dimon, Goldman Sachs' David Solomon and Wells Fargo's Tim Sloan are among the bank executives expected to testify, the sources said. Bank of America's Brian Moynihan and Morgan Stanley's James Gorman are also expected to testify.

The CEOs would be testifying in front of Rep. Maxine Waters, D-Calif., who became the committee's chair earlier this month. Waters recently met with Solomon and Dimon in private, people with direct knowledge of the matter have told CNBC.

One of the bank executives expected at the hearing told CNBC that Waters said "she wanted to get all the CEOs in to talk about how they could better support the economy."

One source told CNBC the testimony would likely be confrontational.

Waters has been a critic of the big banks throughout her career. Last year, she pledged to roll back deregulation efforts on the financial industry that were pushed through by the Trump administration and the Republican party.


[never mind that it was Clinton who signed the Dodd Fwank 1999 banking act that started this mess...]
 

Goldhedge

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That's a pop. 1300 like water,.son. 1305 pivot.
Meaning it's going to do a bounce off the ceiling....?


Only problem is as of right now, it's just talk.
Talking the markets up...

Something was afoot on Thursday.... or Wednesday perhaps...???

Interesting how 'poppy' TRX is with just a slight bump in the POG/S....

Screen Shot 2019-01-25 at 2.46.28 PM.png



These guys didn't get 'the news' until this morning...

Screen Shot 2019-01-25 at 2.48.34 PM.png



And these guys ... covering the gap?

Screen Shot 2019-01-25 at 2.49.25 PM.png
 

louky

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Meaning it's going to do a bounce off the ceiling....?
Meaning flawless pop off 1278 like i said would happen if it held...and boom fake news on que.

I didn't think it was going to hold, truthfully. Rare price action with moving up after hours too. Possible character change and new cycle birth. We'll see.
 

savvydon

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Hopefully we see follow through down here on Monday.
The late afternoon power through 1300 here was a Fuk Yoo to the pseudo/psych resistance at 1300, imo. Interested to see how we come out of the gate early next week - if there is any momentum whatsoever then $1350s easily on the table. 2c...
 
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