Market_Masta

Market_Masta Updated 

Monthly log channel. $GLD $GDXJ

Market_Masta

Disclaimer: In between trades I like to project price for entertainment purposes only. I trade purely on price action - sup/res. After seeing a million charts I like to predict how price will act. Again I never pre-empt price action (wait - that's a lie. I sometimes do and that how I lose on trades). Always wait for the trade to come to you. Patience is key. Let...

Market_Masta

Revising my $69-70 target down to $65-66. My Original idea from July 17 - was Crude would reach 69-70 by late Spring early Summer.

Market_Masta

I'm not in the business of calling tops, however as a TA technician, I'm inclined to take my shots based on chart analysis. The current setup in Silver maybe the most telling that a prolonged decline in equities are upon us. Not calling for a crash, perhaps more of a gradual decline. Money flow. DIA: 248.58 GLD: 123.97 SLV: 15.99 GDXJ: 34.12

Market_Masta

Silver, hard to argue a bear case. In fact, silver looks to be the real winner. Gold's momentum in the month of December 2017 is similar to early 2016 imo. Hate to even mention bitcoin in 2018 - but the chart similarities to BTC are eerily similar to when BTC hit a low around 250s and began it's epic rise. twitter.com The implications if PMs do indeed break out...

Market_Masta

GDXJ - everybody long end of December. Me I just like to watch the world burn in capitulation.

Market_Masta

TZA

Market_Masta

Price projection given current pattern development.

Market_Masta

OIH 8 24 2017

Market_Masta

Appears to me NE is building the classic stair step pattern.

Market_Masta

Maintaining a $25 price target +/- some change.

Market_Masta

Gold price projection. This isn't particularly how it will play out for gold although I do think gold goes below 1000 in 2017. The 50-50-90 rule: Anytime you have a 50-50 chance of getting something right, there's a 90% probability you'll get it wrong. Short term, I think gold consolidates some of the oversold steam between 1115-1200 12/2016-3/2017 then down.

Market_Masta

KOL - Short the coal into 2017

Market_Masta

Looks to be a decent short opportunity into 2017

Market_Masta

Fibs.

Market_Masta

2001 Market Crash 2001-2006 Housing Bubble on easy credit 2007 Rates drop from 5.5% to 0% by 2009 2008 Housing Bubble busts - Market Crash QE Begins 2008 QE Ends 2014 Stock Buy Back Begins 2015 Dec .25% rate hike 2016 Dec .25% rate hike

Market_Masta Updated 

Entered my 1st pos short via $SOXS - One of the hottest sectors this year since the Feb 2016 lows.

Market_Masta

Clearly see the darvis boxes and 5 waves on the DXY weekly