Member
Posted 04 November 2016 - 08:16 PM
Hello,
was wondering if anybody here is using the COT report to get a view
on Gold. I am just starting to learn that. Seems to me that the upmove
might pause a week or two at least, but am not sure.
For the EWavers, looking at GLD I wonder if wave 1 up could be in?
Thanks, gis
Member
Posted 05 November 2016 - 08:11 AM
hard to say what the ewave is . i had an hourly turn on gld and slv 10 24 and since then it has been up so that is good think we will have to
wait for the election for more info. some stocks look good and have bottomed imho i dont use the cot
Member
Posted 05 November 2016 - 01:53 PM
After posting the COT charts weekly on the FF board for over 3 years, I have come to the conclusion that this information has its best insight on a time scale that's 1 year or longer.
Fib
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
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Member
Posted 05 November 2016 - 02:14 PM
I know that Jack Chan often mentions the COT extremes.
However I think they need to be taken into context since he missed much of the rally.
Sometime simple trend-lines and support/resistance lines work nicely
https://www.barchart...cal-charts/GC*0
