11 thoughts on “CHART OF THE DAY

  1. Bill in Tokyo

    Thanks Gary – I knew about the Daily divergences, but hadn’t noticed the Weekly yet.

    FYI the Weekly RSI(14) is also divergent.

  2. Braden

    The divergence you are pointing out looks more similar to the first two points before the more major move down in the example on the left. Regardless, any move lower from here should be bought with both hands.

    1. Tushar

      Thanks for pointing it out, however COT price chart compare between the now and then (60k net short, 42% bullish) points to +35% move in GDXJ in coming weeks from here. We shall see.

  3. David Silver

    I don’t know guys for the life of me I can’t see it therefore it doesn’t excite me at all: ¬†http://stockcharts.com/freecharts/gallery.html?s=%24gold

    I just see a continued downtrend on ALL counts, am I missing something here?

    1. gary Post author

      At every bottom it always looks like the trend will continue down. That’s why 95% of traders never catch these bottoms.

      1. STEWIE

        Gary u also see a lot of trolls at bottom and at tops moon callers so the more the trolls and moon callers the more one can conclude we’re there or very close. I was bearish too if you recall month ago but i saw that first cycle rocket and i was like wow….this may be it. Then they stopped it to reload themselves and now we’re waiting for something. We soon will know what that is. It’s spring that about to be released.

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