17 replies to this topic

[AChartist]

I had a fairly large hedge short fund position in the account before election about 7.5% of account,

 

it is down .5% since I bought it too early, my stealth breadth indicator, I knew it was fake rally by the relative performance

 

of the short fund. I was just getting neutral and freed alot of cash right near the last highs in order to ease into gold weakness.

 

So I didnt benefit from the rally much but did position for the phase, I think.

 

I will probably do UVXY  calls tomorrow. I do have vix etfs. And I am heavy on gold and bitcoin.

 

And sold a good bit of stock just right on Nov 25. One trading account is nearly all gold now.

 

Of course gold not working yet but should until July or so.

[K Wave]

And sold a good bit of stock just right on Nov 25. One trading account is nearly all gold now.

 

Of course gold not working yet but should until July or so.

 As I said 7 months ago when Gold first tagged 1300, Gold was basically dead money for next 9 months to a year, from looking at past historical bottom formations after great bear waves.

 

We are now getting likely getting close price wise in the 1150s to a decent entry price before the next advance gets under way. I still think we have a few more months of mostly sideways action before we get going upside.in earnest.

 

The election day pivot at 1310 is for all the marbles now. Once that gets taken out, should be the signal the the next meaningful advance in Gold is underway, and should last for a number of years.

Edited by K Wave, 02 December 2016 - 09:39 AM.

[K Wave]

Naz Comp getting a bounce off key pivot zone at 5240.

 

If/When that pivot fails to hold, bulls may have a problem.....

 

Watch AAPL here...it may provide early clues....back above 110 would be first sign bulls may hold the line, and back above 112 would be stronger signal for bulls.

 

But below yesterday low, and wheels could come bull bus off in a hurry....

 

Methinks this is a big pivot zone here for the more intermediate term.....

Edited by K Wave, 02 December 2016 - 09:45 AM.

[K Wave]

INDU needs one more trip under 19160 to start possible break down...

[K Wave]

battle for control rages on....should resolve soon now...

[K Wave]

APPL slippin'

[K Wave]

bears runnin' outta time here...need to act real soon, or bulls likely to take ball back....

[K Wave]

bulls didn't get far....now we see if bears can crack this time round