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Charts from the Lunatic Fringe.

Zed

Size doesn't count!
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What do you guys use to do research? Morningstar folded 10K Wizard a few years back.
Stock Doctor.... Awstralian, don't think they do US.
 

Goldhedge

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Zed

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All my goldies where down today... save one. +7.5% on no news... hmmmmmmmm
 

jelly

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Nice bounce in gold, causing buyers to come back into the miners. Silver holding $15. Should be interesting how this plays out.
 

jelly

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Looks like some very bullish action today in the metals and miners. I like how we didn't make a lower low. Also, miners have reclaimed their 50-DMA.
Really need some follow through over the next few days if this is indeed a low.
 

Zed

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Looks like -1285 then downside +1295 then upside (daily close). Range bound between for now. Watch the break.
 

Goldhedge

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A Point & figure view of the last chart on the Clive Maund link.
Au-myn

Can you comment on what the P&F chart is telling us?

I haven't learned to read these P&F's yet...
 

Au-myn

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Sure, Goldhedge.

This P & F chart is one I sent to dpong in early March while discussing this current pattern with him.
We were exchanging thoughts on the coming breakout.

Two formations are outlined. The first one, on the left side of the chart is a completed Bearish Formations in Combination pattern. It consists of a bearish signal - a top at 1433 (X on chart ) and then a bottom at 1199 (C) followed by a lower top at 1366 (3 on chart) then a lower bottom at 1166 issuing a sell signal (O). The second formation is a Triple Bottom. Two equal bottoms at 1199 followed by a third which penetrated 1199 and issued a sell signal at 1166.

The second outline is the same formation except it is the opposite. A Bullish Formations in Combination that is currently in process. A continuation upward to 1399 will be where the buy signal occurs. Note that the buy signal at 1399 will occur above its LT bearish resistance line, turning the chart bullish.


gold x100G.png
 

dpong

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SPX again at a bullish extreme as of yesterday. Everyone run to the other side of the boat, please.


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dpong

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Mound's ABC down for gold looks broken to me.
 
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I thought the stock market made a top. How much more fuel left is the unknown X factor. If Nasdaq takes out its old highs then I will have to be left wondering what happens next, maybe Dow double to 52,k? For one thing I think the commodities like gold should do well as the middle class gets squeezed to the barebones.
 

dpong

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Goldhedge

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It's a new financial rule. What's going up must keep going up. :ouch:
Forget everything else. Just buy the stock market. :surrender:
Trump did say 'Buy the dips"...
 

Goldhedge

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dpong

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Extreme bullishness and complacency in broad markets.

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