http://stockcharts.com/h-sc/ui?s=GLD&p=D&yr=2&mn=6&dy=0&id=p46848720526&a=234983962 We have been struggling with the gold chart for hours and hours trying to understand what we are seeing. We have been bearish on gold for some…
Janet. Please shut up. Never thought we'd miss Greenspan. But a little more ambiguity wouldn't be a bad idea. Nevertheless the market recovered from its hissy fit over Yellen's unguarded…
http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=9&dy=0&id=p83750808625&a=214966864 The present price wave has created a new Basing Point as illustrated, and the trendline from nov12 (2) has dropped down to anchor on that Basing Point. The…
http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=9&dy=0&id=p83750808625&a=214966864 Where is Madonna when we need her? Oh, right, in the creche. What we're praying for is a trendline. This wave is without a valid upsloping trendline. So…
http://stockcharts.com/h-sc/ui?s=GLD&p=D&yr=0&mn=9&dy=0&id=p79177025382&a=255869372 That devilish bar 9 days ago -- a fake out power bar -- chased us from our short position. Today gold (and silver) gapped down and we put…
