are we approaching recognition?!
#61
Posted 05 April 2012 - 09:39 AM
#62
Posted 05 April 2012 - 10:02 AM
Edited by dharma, 05 April 2012 - 10:06 AM.
#63
Posted 05 April 2012 - 10:12 AM
Volume reveals the difference between muscles and inflated balloons. A test and/or break of high volume swing low (climax bottom) on decreasing volume suggests waning downside force or inflated balloons passing as muscles. The magenta circles highlight the last three climax bottoms. The blue arrows directly following them mark the low volume tests and/or breaks of support. Gold within a backdrop of price induced fear showed signs of waning downside force in September/October and December of 2011. A similar setup exists in March/April of 2012.
http://1.bp.blogspot...s/s1600/GLD.PNG
-tria
In the world of 0 and 1: "austerity" is the right thing to SAY; "spent more, print more" is the right thing to DO.
"You miss 100% of the shots you don't take."
~ Wayne Gretzky
#64
Posted 05 April 2012 - 10:14 AM
In the world of 0 and 1: "austerity" is the right thing to SAY; "spent more, print more" is the right thing to DO.
"You miss 100% of the shots you don't take."
~ Wayne Gretzky
#65
Posted 05 April 2012 - 10:49 AM
#66
Posted 05 April 2012 - 10:58 AM
#67
Posted 05 April 2012 - 11:00 AM
From Eric De Groot's Insights:
Volume reveals the difference between muscles and inflated balloons. A test and/or break of high volume swing low (climax bottom) on decreasing volume suggests waning downside force or inflated balloons passing as muscles. The magenta circles highlight the last three climax bottoms. The blue arrows directly following them mark the low volume tests and/or breaks of support. Gold within a backdrop of price induced fear showed signs of waning downside force in September/October and December of 2011. A similar setup exists in March/April of 2012.
http://1.bp.blogspot...s/s1600/GLD.PNG
-tria
tria,
just to make sure I got that correctly. This is bullish, at least short term, right?
Thanks, gis
#68
Posted 05 April 2012 - 11:11 AM
Yes Gis, could be short term bullish. Similar situation like at the end of December 2011.From Eric De Groot's Insights:
Volume reveals the difference between muscles and inflated balloons. A test and/or break of high volume swing low (climax bottom) on decreasing volume suggests waning downside force or inflated balloons passing as muscles. The magenta circles highlight the last three climax bottoms. The blue arrows directly following them mark the low volume tests and/or breaks of support. Gold within a backdrop of price induced fear showed signs of waning downside force in September/October and December of 2011. A similar setup exists in March/April of 2012.
http://1.bp.blogspot...s/s1600/GLD.PNG
-tria
tria,
just to make sure I got that correctly. This is bullish, at least short term, right?
Thanks, gis
-tia
In the world of 0 and 1: "austerity" is the right thing to SAY; "spent more, print more" is the right thing to DO.
"You miss 100% of the shots you don't take."
~ Wayne Gretzky
#69
Posted 05 April 2012 - 11:25 AM
tria- i read de groot. i think you pointed me over there.
how is life in greece ? what is going on, not much talk in the press!
thanks
dharma
Dharma,
Life is fairly quiet in Athens whilst waiting for the early May elections, after which no party could/will have the majority to form a Government....
Mind you the suicides numbers have increased by about 40%....
-tria
In the world of 0 and 1: "austerity" is the right thing to SAY; "spent more, print more" is the right thing to DO.
"You miss 100% of the shots you don't take."
~ Wayne Gretzky
#70
Posted 05 April 2012 - 11:36 AM
In the world of 0 and 1: "austerity" is the right thing to SAY; "spent more, print more" is the right thing to DO.
"You miss 100% of the shots you don't take."
~ Wayne Gretzky