Additionally, the MCO better not stall here.
I see a downtrend line from the top, which may well be the beginning of the bear market, as Tom suggests.
Edited by Rogerdodger, 29 August 2015 - 10:22 AM.
Posted 29 August 2015 - 10:19 AM
Edited by Rogerdodger, 29 August 2015 - 10:22 AM.
Posted 29 August 2015 - 11:09 AM
I saw him "schooling" the CNBC crew on Monday about this...it was hysterical to see the look on the faces of the hosts....especially the Brit.
Better to ignore me than abhor me.
“Wise men don't need advice. Fools won't take it” - Benjamin Franklin
"Beware of false knowledge; it is more dangerous than ignorance" - George Bernard Shaw
Demagogue: A leader who makes use of popular prejudices, false claims and promises in order to gain power.
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Posted 29 August 2015 - 11:46 AM
Edited by TechMan, 29 August 2015 - 11:48 AM.
Posted 29 August 2015 - 12:54 PM
Correctly Defining “Bear Market”
Additionally, the MCO better not stall here.
I see a downtrend line from the top, which may well be the beginning of the bear market, as Tom suggests.
Posted 29 August 2015 - 01:36 PM
I seem to recall you don't sub
USD - the multi month correction may be over soon as prices finally reached the 200ema support this week. A rising dollar is not friendly to the metals.
Summary
Long term - on major sell signal since Mar 2012 when $HUI was at 550.
Short term - on mixed signals.
Gold sector cycle - down as of 8/28.
Traders can play for short term bounces.
Edited by Rogerdodger, 29 August 2015 - 01:37 PM.
Posted 29 August 2015 - 01:38 PM
I seem to recall you don't sub
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I can do it better myself.
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Posted 29 August 2015 - 02:36 PM
Not unless you know the context of the lag as it relates to the relationship between breadth and price.NYMO is a nice reference indicator and perhaps a good "teaching" tool, but that 2-4 weeks of time-lag (blue & red arrows) could blow up a real trader's real account.
Better to ignore me than abhor me.
“Wise men don't need advice. Fools won't take it” - Benjamin Franklin
"Beware of false knowledge; it is more dangerous than ignorance" - George Bernard Shaw
Demagogue: A leader who makes use of popular prejudices, false claims and promises in order to gain power.
Technical Watch Subscriptions
Posted 29 August 2015 - 02:44 PM
Not unless you know the context of the lag as it relates to the relationship between breadth and price.NYMO is a nice reference indicator and perhaps a good "teaching" tool, but that 2-4 weeks of time-lag (blue & red arrows) could blow up a real trader's real account.
Fib
Posted 29 August 2015 - 03:05 PM
You're more than welcome to become a month to month subscriber if you're REALLY interested in learning something about the tool, and by extension, to become a better trader overall.Not unless you know the context of the lag as it relates to the relationship between breadth and price.NYMO is a nice reference indicator and perhaps a good "teaching" tool, but that 2-4 weeks of time-lag (blue & red arrows) could blow up a real trader's real account.
Fib
Please post a real time trade on Monday with specific entry, stop, and exit so that we can see how you trade "the context of the lag as it relates to the relationship between breadth and price".
Better to ignore me than abhor me.
“Wise men don't need advice. Fools won't take it” - Benjamin Franklin
"Beware of false knowledge; it is more dangerous than ignorance" - George Bernard Shaw
Demagogue: A leader who makes use of popular prejudices, false claims and promises in order to gain power.
Technical Watch Subscriptions
Posted 29 August 2015 - 03:08 PM
You're more than welcome to become a month to month subscriber if you're REALLY interested in learning something about the tool, and by extension, to become a better trader overall.Not unless you know the context of the lag as it relates to the relationship between breadth and price.NYMO is a nice reference indicator and perhaps a good "teaching" tool, but that 2-4 weeks of time-lag (blue & red arrows) could blow up a real trader's real account.
Fib
Please post a real time trade on Monday with specific entry, stop, and exit so that we can see how you trade "the context of the lag as it relates to the relationship between breadth and price".
In lieu of that, there are many posts on the subject that you can do a search for to help explain this relationship.
Fib