A portfolio change been posted to the website.
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Nice one Gary! Thanks
This post is rated triple A
Old Turkey for me. 🙂
Hat’s off to WW for contributing and to Gary for not being a gatekeeper on opposing views.
..and I’m glad everyone could agree that “penetrations matter”. For me, only food and water are more important.
It was really nice knowing everyone, and its time to say my good bye 🙁
Im saddened to report that Gary privately emailed me and told me that I am the “scum of the market” (contrarian day traders), and that I am banned for eternity from posting on this blog anymore. He told me that if he sees my posts after today that he is going to throw me off a cliff and feed me to the wolves(Toby and Chanel)Jk.
Love ya Gary, thank you for all you do from the bottom of my damaged heart. I look foward to another year (hopefully) of arguing with you 🙂
So, we’ve emerged from the 12 year S&P DeMark YEARLY SELL signal that recorded in 1999 – do you feel better yet?? 🙂Short-term business, though, S&P 500 futures have now recorded a DAILY Sequential 13 SELL signal above 1267 – this is good for the next 12 days and needs a bearish price flip (close below the close 4 days earlier to verify). Interesting, though, according to Kevin Depew’s twitter feed, this move does not show corresponding SELLS in NDX, RUT, etc, which may indicate that this dip will be shallow. Up above around 1330 S&P, the S&P will record a MONTHLY SELL signal, so maybe that’s where all of this is headed…
This is a possibility on GDXJ 2 or 3 month chart (Maybe GDX too)
What kind of joke is that?
It was in response to John’s comment
“Hat’s off to WW for contributing and to Gary for not being a gatekeeper on opposing views.”
Grant me the strength from day to dayTo bear what burdens come my way.Grant me throughout this bright New YearMore to endure and less to fear.Help me live that I may beFrom spite and petty malice free. Let me not bitterly complainWhen cherished hopes of mine prove vain,Or spoil with deeds of hate and rageSome fair tomorrow’s spotless page.Lord, as the days shall come and goIn courage let me stronger grow.
Lord, as the New Year dawns todayHelp me to put my faults away.Let me be big in little things;Grant me the joy which friendship brings.Keep me from selfishness and spite;Let me be wise in what is right.
A happy New Year! Grant that IMay bring no tear to any eye.When this New Year in time shall endLet it be said I’ve played the friend,Have lived and loved and labored here,And made of it a happy year.
-Edgar A. Guest
I always thought of island reversals as marking tops, didn’t realize can work the other way as well.
Gary – did you watch 60 Minutes on Sunday? They had a story about a climber that doesn’t use any ropes. I was scared just watching him.
You would have to assume we are to see a complete reversal in gold also then, the GLD chart looks similar.
Just me or have a bunch of people forgotten to take their crazy pills today?
Take a look at this climber also, this is the guy I was telling you who learned to climb from watching monkeys.
Dollar will top when Mitt Romney wins the nomination 🙂
Hmmm, Jim Sinclair notes: due to govt doing noting but kicking the can down the road. “Please make note:Gold will bounce off $2100 and react. Try to keep an even course as Alf is right. Gold has a better chance of seeing $4500 than $1400.Throw away your razor blade kits provided by famous but mercurial gold commentators who have no mindset whatsoever other than to sell subscriptions or seminars.Sincerely,Jim”
After today’s big move in silver the premium/discounts are:
AGQ 6% premiumZSL 6% discount
It will be interesting to see how they trade tommorow if silver remains relatively flat.
WW sorry for earlier post, sounded like I was speaking for you. Not intended. Just my thoughts on trading. Now Don’t joke about being banned or I will send my tabby cat from tennesse up to New York to talk serious s%&*t
Average price target for the breakout of $SPX’s inverted H&S is 1323. Just above is serious overhead resistance in the form of a 4+ year downward sloping trend line.
On Thursday, December 29 at 5:03 AM I posted that gold shorts should exit their positions around 1523 based on the average price target for a downward breakout of $GOLD’s Symmetrical Triangle.
Gold bottomed at 1523.90
Hear again is the chart I posted.
Note that the ‘Pullback’ (dotted line) is for reference only and not a prediction. Pullbacks can rise all the way back to the breakout price, but not saying that will happen this time.
Gary- Have you considered a scenario in which gold’s daily and intermediate cycle stretched to 26 days and 26 weeks respectively rather than bottoming in September at 13 weeks? The 12/29 bottom would mark those cycles and we now have a weekly swing low in place.
any reason for the spike in gold over the last hour?
Europe banned Iran oil imports, so gold jumped with oil.
USD upSPX down Silver downGold up ??
Two pictures of Shanghai 1990 and 2010.
Swing in the dollar.
Not a 2b, but it will be a four-day rule potential trend change if tomorrow is positive also.
Doc,Do you think that stocks will move down into a daily cycle low and intermediate low along with a falling dollar?
Plus I would point out that gold is get hit pretty good today. Threatening to drop back below $1600.
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