Friends,
While bulls are attempting to gore through a significant bearish entrenchment at 201.65, the possibility of a pullback to the predictive model's worst-case scenario level remains a fair plausibility - This level is defined as:
- TG-x = 134.86 - 13 JAN 2015
Combined against an expected advance is an overhead resistance projecting from the most recent...
This gold bug index really has a silver mirror attached to it at 146.8
The 311.74% increase from 2001 to July 2002 can be projected almost identically by using reflection which resulted in same % of price target hitting around 600 before it collapsed. If the current narrow downtrend channel is valid and price broke below 146.8, the next cluster of support would...
This forgotten Market is probably ready to bottom out. This could be a good Chance for Value Investors...
Never forget..........Dead live longer!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
HUI (Gold Bugs Index) throws signals relative to the VIX that are pretty obvious and allow plenty of time for entries and exits. I'll describe how in a minute - before that think about the aspect of Gold trading that is a "worry trade" and think about what the VIX is. As that sinks in, you realize that gold buyers are often playing a much longer time frame than...
Theory: Just like HUI (Gold Bug's Index) formed a clearly defined H&S Top as chart shows, could it also be in process of forming an Inverse H&S bottom? If so, could be currently working on the Head part of the Inverse H&S. RSI positively diverged from the shoulder to the forming head, so let's keep an eye on it and see what happens, FWIW.
Large Head and Shoulders formation, targeted
at potential 6 year double bottom.
3 months double bottom, initial target 210(50 daily and 200 weekly sma) and 235 level measured, fib confluence.
Short term retracement possible.
The log scale of HUI/SPX ratio shows me a potentially huge risk to reward ratio for shorting SPX and long HUI for short term until the ratio hits the accelerated downtrend channel top.
I reckon there might be a final push down in time to come for the bullish divergence to reinforce better.
Chart shows ratio of HUI (Gold Bugs) to SPY. Assuming trendline drawn correctly (assume it is after breakout in 2002), shows bullish divergence in RSI...in past few days/weeks gold has done well, too.
Time to long Gold?
Friends,
-Perfect completion of dome and 3 peaks pattern in terms of price action and timings.
-Sitting on a critical historical support line at the moment, this could be a good opportunity to get into this for the long haul.
This pattern did complete a while ago, but it's important to use this pattern now as a tool in the future indicative trend.
I will...
HUI Index Daily.
Filled the 18/6 Gap.
Tagged Support 200 sma.
BB Percent Bandwidth at reversal levels.(negative)
50 retracement reached.
26.18 setup retracement at 241.31.
Double Top pattern at 211.74.
Notice how Gold is moving inversely from HUI
-priced in small cap miners ETF- since Jan 2013.
My view is it pays at the time being to be in
well financed, little debt small company stocks.
Ratio currently at the lower boundary of possible
megaphone pattern, right below of the non confirmed
yet H&S's neckline. All eyes in yellow box, wick tail of
June 16th...
