uempel wrote:Well, bears tried to pull the market down a wee bit, but they failed miserably and now it's back to sideways...
gg.png
Ha, ha, ha. I was on edge and impatient, missed the move... No comment.
99.png
UNCANNY…. YOU WERE SPOT-ON TO THE MINUTE.
PS: on my 1 min, yellow dotted vertical IS NOT VOLUME it’s some wacky stockcharts thingie
Please tell me how to get rid of it as I DO NOT SEE IT on any of my stuff…
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Al_Dente wrote:PAGING GOLD BUGS
Ignore intraday GLD for the moment.
Glance at how metals currently correlate with SPX. As recently as August, gold was 0% negatively correlated with SPX (moving inverse to SPX), today it correlates at a very positive 92% (moves near exactly with SPX). Note: perfect positive correlation is 100%, zilch negative correlation is 0%, anything above 50% is considered positive correlation, etc…. ($DJUSIM is industrial metals, note its more “stable” correlation) http://stockcharts.com/h-sc/ui?s=$SPX&p ... =248615144
And weekly $GOLD viewed with TIP (TIPS = a measure of inflation expectations) shows that TIP is calling GOLD to resume its rally any time now.
(Inverted dollar is the green dotted line behind $GOLD).......Challenges from the board are encouraged. http://stockcharts.com/h-sc/ui?s=$GOLD& ... =248407666
Al, My buy for GLD at the big support line is at 162. The/DX is HOD so I think my plan is underway.
PS: dcurban1: I apologize if you have covered this in your links this morn, I just haven’t made it over to yr blog yet. Please consider posting a short summary here?? (just a respectful suggestion, that’s all).
OK, in this case, target $126.05, see tinted area. I don't know the winning rate for this though.
Attachments
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.
uempel wrote:Well, bears tried to pull the market down a wee bit, but they failed miserably and now it's back to sideways...
gg.png
Ha, ha, ha. I was on edge and impatient, missed the move... No comment.
99.png
UNCANNY…. YOU WERE SPOT-ON TO THE MINUTE.
PS: on my 1 min, yellow dotted vertical IS NOT VOLUME it’s some wacky stockcharts thingie
Please tell me how to get rid of it as I DO NOT SEE IT on any of my stuff…
Oh o you put a virus on our chart? or someone is watching you big guy, they are out to get you next.
Last edited by BullBear52x on Mon Dec 05, 2011 3:01 pm, edited 1 time in total.
My comments are for entertainment/educational purpose only. NOT a trade advice.
interestingly, sp declined to comment on this downgrade news. big picture view, es may dip to low 1240s to retest the break out.
if the rumor becomes truth, ...
The goal is not uniformity. It is understanding and idea exchange.
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.