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Charts from the Lunatic Fringe.

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Louky what do you think of the breakout in pplt/plat? I'm holding but not seeing much volume, I see an upwards channel forming but that's it.
 

louky

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Who saw the drop this time?
Anyone that read this thread, of course


I'm thinking around aprilish is going to be a slaughter on the miners
Last CoT was dec 18th and funds were going crazy adding longs, commercials and especially banks getting short. It's reasonable to assume this has continued with goldies $40 higher.

Techs and pattern are very bearish, imo

Hence, I would have to think the next significant short term move is down, with 1330 or so still on the table


my orginal thesis was summer july 18 low (came two weeks late august) with april/may 19 being the next significant top before the next big sell off. So it could take a while to play out.
 

Goldhedge

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Who saw the drop this time? If the system is rigged, how can you trust charts and graphs? Like I've said before.."franks and beans, franks and beans"..Something about Mary.
... always in the back of my head I'm thinking 'rigged' so why even trust charting.... entertainment value?

Louky is the best I've ever seen for 'prediction' and he reposts his comments from years before to back him up.

You never see that from loudmouth Cramer and the other TV experts...
 

Goldhedge

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pplt chat
 

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Goldhedge

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dpong

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Goldhedge

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dpong

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I posted that for @engineear to see whether anyone anticipated what happened. Or maybe I was lucky, but not *only* lucky.
When people say how can you use charts in a rigged market, I always think that you probably need them more in a rigged market than in a non-rigged market (even if one existed). In fact, charts of a rigged market show how a rigged market works. And these rigged markets have always been rigged. A chart charts that. How would one approach a rigged market without charts to see how it works? Anyway, that is my thinking on the matter.
 

Strawboss

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A retest of the 200dma makes sense. That is a common thing to occur before a move upwards...

What I am looking to see is if we get a divergence between the miners and gold - where gold continues to decline but the miners begin moving upwards. I think that will be the "tell"...if it occurs.
 

louky

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Techs and pattern are very bearish, imo

Hence, I would have to think the next significant short term move is down, with 1330 or so still on the table. could take a while to play out
Inched up dollars 1330-40, before next significant move came....down bigly. now we have high probability trade zone incoming. 1269 bottom of the box
 

louky

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1251 historcial pivot between 1269 and 1197

Small pivot at 1215 where they're currently targeting



Small bounce zone between 1275 and 1264 on futures
If it bounces here, gop of the box 1296 (historical), then watch 1305 pivot after that for higher targets. 1359 bottom of the upper box after that.

Chart visual with a tail in previously posted D leg now