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The Lunatic Fringe - Trading talk.

Zed

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The knives are out!
 

Lancers32

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Today/Monday 1 year anniversary of the August hi.
 

Lancers32

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:hang: But


jn.gif
 

chieftain

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What's with the paper metals smackdown?
 

Lancers32

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Trend is down.
 

chieftain

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Beginnings of a trend down? That looks like a school yard beating.
 

Lancers32

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Beginnings of a trend down? That looks like a school yard beating.


We are well into the move down. Take a look at the Silver mining stocks.
 

chieftain

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^ I noticed some of them were beaten for their lunch money
 

Lancers32

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Savage looking for a low very soon.

 

Zed

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Some rambling...

We potentially have some support around these levels but if the break next week it looks like 169x and 22.xx for the next solid looking numbers.

GSR hasn't topped last weeks high and is @ resistance BUT momentum still looks good.

GDX looks like there is a little support @ these levels but really isn't looking that solid until 31 ish.

HUI looks better, this weeks close is still over last weeks open support in the lower 25x range seems to have held up so far. Most of the damage was done a couple of months ago and we have been somewhat sideways since then.

Ten Year Yield is looking like it wants to rally on the weekly. Not so good for gold but that relationship isn't set in stone.

BTC looks v close to a breakout! Right @ the upper end of its sticky patch and momentum is looking good. Volume still isn't impressing but it isn't terrible.

SPX at new highs but the Russell 2000 is lagging.

Copper tagged trend and needs to hold up around here or....

NEM is around were I'd draw a 2 year trend. OBV is sideways, that seems to happen when the stock is being accumulated on weakness. That is to say the price falls but on balance the is as much up volume as down. OBV falls if they are leaving!

Barrick's OBV has more followed price.

GLD weekly broke the trend line I had drawn using closes, if I drop back to lows it is on the edge... may hold, OBV looks +ve, surprisingly! Would like to see a lot more green volume bars!
 

Zed

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Good God I can't wait until I can get out of this stupid market.

Yeah... I'm going to be looking for more sanity at some point in the not too distant future.
 

Zed

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Ape numbers seem pretty stable, not much growth there.

1628292365133.png
 

Zed

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Mr Oliver is out and about again...

 

Zed

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Nasdaq Monthly... it does look to be losing steam.

1628293529536.png
 

Zed

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DXY Monthly, still kinda looks like it is building up to a pop.

1628294095914.png
 

Zed

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bemac

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Yeah... I'm going to be looking for more sanity at some point in the not too distant future.

Yeah... Let me know where the heck you find that.
 
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Zed

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Yeah... Let me know where the heck you find that.

IMHO the majority will not be in public markets. I getting toward the end of this game!
 

chieftain

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Considering how much the demand for video cards has fallen off...
 
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Lancers32

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Lost on you.

Anywhoooo.


Well that was fun!

Maybe you can explain it to me like I am a 6 year old. Seems kind of nebulous.
 

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Zed

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@dpong I had an exchange with Nick the other day, mentioned you and WTT. I said that I had warned you to reevaluate if market conditions changed and we slipped into a bear. He came back with a comment that testing and performance across short bear periods suggested WTT can do very well in a bear market!

Thought I'd mention it.