1289 replies to this topic

[dougie]

 

 

You guys see the YEN today??

 

this looks like a very significant event, as USD JPY just busted back through 900 day MA on a huge move....after spending literally years building a corrective base while back testing the weekly 900 multiple times.

 

XAUJPY has hit full afterburner mode...

Amazing - especially given the action in the PM space - something is really broken!

 

Interesting and "appears" a massive rally could occur here, wonder what's goin on

 

Senor

 

Conrona Virus will take hold in Japan. Huge recession coming perhaps? Hope not

[dougie]

 

 

 

You guys see the YEN today??

 

this looks like a very significant event, as USD JPY just busted back through 900 day MA on a huge move....after spending literally years building a corrective base while back testing the weekly 900 multiple times.

 

XAUJPY has hit full afterburner mode...

Amazing - especially given the action in the PM space - something is really broken!

 

Interesting and "appears" a massive rally could occur here, wonder what's goin on

 

Senor

 

Conrona Virus will take hold in Japan. Huge recession coming perhaps? Hope not

 

But Nikei holding up...that should not be the case if the economy there is going to tank.

[Russ]

The GLD chart is the strongest chart I have for a March high, it is pointing at March 10th for the high, so some weakness for a few weeks after that I would think. 

 

[dougie]

Makes sense. We should see broads begin a real sell off here IMO, then a bounce back, then the real action begins

[ryanoo]

 

 

 

 

You guys see the YEN today??

 

this looks like a very significant event, as USD JPY just busted back through 900 day MA on a huge move....after spending literally years building a corrective base while back testing the weekly 900 multiple times.

 

XAUJPY has hit full afterburner mode...

Amazing - especially given the action in the PM space - something is really broken!

 

Interesting and "appears" a massive rally could occur here, wonder what's goin on

 

Senor

 

Conrona Virus will take hold in Japan. Huge recession coming perhaps? Hope not

 

But Nikei holding up...that should not be the case if the economy there is going to tank.

 

Japan is already tanking.  It's liquidity, not Japan's economy.

[K Wave]

As you can see going back back to 2009, this level has been a pivot zone for a long time.

Silver could really get going if it can just bust out over $19 and hold it....pattern here over last 9 months or so actually looks a bit similar to 2010 just before the last big launch

 

[ryanoo]

 

 

 

 

 

You guys see the YEN today??

 

this looks like a very significant event, as USD JPY just busted back through 900 day MA on a huge move....after spending literally years building a corrective base while back testing the weekly 900 multiple times.

 

XAUJPY has hit full afterburner mode...

Amazing - especially given the action in the PM space - something is really broken!

 

Interesting and "appears" a massive rally could occur here, wonder what's goin on

 

Senor

 

Conrona Virus will take hold in Japan. Huge recession coming perhaps? Hope not

 

But Nikei holding up...that should not be the case if the economy there is going to tank.

 

Japan is already tanking.  It's liquidity, not Japan's economy.

 

They were tanking hard even before Coronavirus, and the impact of their trade war with Korea is not yet factored in I think.  Q1 of 2020 will be really bad.  Japan is #2 in coronavirus negative impact.  

 

Edited by ryanoo, 19 February 2020 - 06:55 PM.

[Russ]

Edited by Russ, 19 February 2020 - 10:23 PM.

[AChartist]

The 18 week cycle turns up at 7 weeks, and 9 year at 10 weeks,

so the question is what does it look like in low cycles through 2 to 7 weeks.

[johngeorge]

ism out this morning =48.1 folks manufacturing is indicating recession

the fed is trapped. they can check out but never leave. yes they are in hotel california  https://www.youtube....h?v=LarEzo6F4Dc

 usual morning beat down , meeting buyers. the sector is under accumulation.   the fed is an engine of inflation . and to some that is now apparent

i have said that the march/may correction would be matched by the sept4 -present correction.  https://pbs.twimg.co...A1MWkAAZvG2.png

yes, i see there could be one more down, so i am using weakness to buy issues /indexes that i like . i am fully loaded right now

today, jupiter moves into capricorn. this will be felt in the markets. i look for stocks to get into correction mode. all the printing is not going to help right now. the reaction of what the fed will do will not be lost on gold

its time

 

"folks manufacturing is indicating recession"

dharma

 

Interest rates as well. 3 month treasury rates higher yield than 10 year treasury.

https://www.cnbc.com/us-markets/