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Post by radar on May 15, 2014 15:12:53 GMT -5
I'll post my "Bollinger band trade" later this afternoon. I've used it for a very long time and done well with it. Probably works with some contracts and not as well with others.....
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Post by platy on May 15, 2014 15:25:48 GMT -5
Mars went retrograde March 1, and the Vedic astrologers predicted markets would be choppy during this time. It turns direct May 20 so maybe we can get back to trending markets when that happens?
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Post by platy on May 15, 2014 15:32:28 GMT -5
No one has called the stock market better than Gary. ROFL
Ok I gotta stop checking back in there. Much happier when I don't.
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Post by simonsays on May 15, 2014 15:41:44 GMT -5
No one has called the stock market better than Gary. ROFL Ok I gotta stop checking back in there. Much happier when I don't. Yeah, that was delusional. I call for chop. There, I nailed it! And also, suggesting he's up for debate is BS. I was routinely insulted for attempting to debate. These guys were rock stars when PMs where in a bull. The tide has now gone out and they are swimming naked. The only clientele they can handle are those who want hand holding at all costs, those who are chasing dreams, and those who have no interest in taking the difficult steps towards managing their own money with their own system. |
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Post by platy on May 15, 2014 15:44:42 GMT -5
Well said Simon. And now that G is hanging out there, another reason to thank you for giving us another place to hang out!
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Post by simonsays on May 15, 2014 15:50:40 GMT -5
As long as people feel comfortable posting and exchanging ideas I'm happy. This place runs itself and that's the way it should be.
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Post by platy on May 15, 2014 15:52:27 GMT -5
This triangle looks pretty important. Maybe a false break to the upside on Monday, and then the big drop begins? I don't know, just thinking out loud.  |
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Post by simonsays on May 15, 2014 16:06:07 GMT -5
This triangle looks pretty important. Maybe a false break to the upside on Monday, and then the big drop begins? I don't know, just thinking out loud. Yep, that triangle has to resolve soon. I'm basically 50:50 on the direction. All I know is that there appears to slowly be an accumulation happening in many miners and that unlike last year, slam downs in gold are being bought rather than continuing to sell. So even if we do go down hard, it should make a nice spot to buy. I hope we do go down in fact because if we go up for a few weeks instead, I'll expect the slam down later. But what people want to happen rarely happens, which is why I'm not liking all the June low calls. |
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Post by simonsays on May 15, 2014 16:08:30 GMT -5
I should add that I want to focus on building a sizeable equity short. Barring a policy reversal, I think the markets will tread water at best.
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Post by platy on May 15, 2014 16:24:53 GMT -5
This is one of the reasons why I'm so convinced it will be a major low. This chart is old and I need to update it, but Saturn & Jupiter are really good predictors of major turns, and we have a Jupiter 72° on June 14. January 3 was a Saturn 72°.  But it's not just this. It's really an amazing configuration involving 9 planets hitting 9 of the 10 points on the double pentagram. I am quite sure something very important will happen that day (or close to it). This is probably a once in a lifetime type of configuration. (I merged geocentric with heliocentric views in the image below.)  Could it be a high? Yes it could. Actually I hope it is because when gold finally bottoms it means that things will begin to fall apart. But I don't think it will. |
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Post by simonsays on May 15, 2014 16:43:27 GMT -5
Very nice chart and diagram Platy.
Given the importance of turn date and also the fact the gold has really struggled for a long while now, it would make sense that is has to be a low. If so, I hope we get our very big decline over the next month, so it can be bought with conviction. But maybe we just go sideways until then and everyone gets bored and it just drifts upwards starting on the turn date without anyone on board and doesn't look back - a stealth turn date of sorts. Regardless of how things play out, the next month is shaping up to be rather interesting. It really feels like a transition period to me.
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Post by platy on May 15, 2014 17:00:27 GMT -5
There are some other important dates around this time:
June 7 Gold heliocentric Jupiter 36°
June 14 Silver heliocentric Jupiter 72°
July 7 Gold geocentric Jupiter 36°
July 10 Silver geocentric Jupiter 72°
The reason why I'm pinpointing June 14 is because of the double pentagram. But because of the July aspects, it could be that we get a double bottom, and it's possible that July is a lower low.
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Post by simonsays on May 15, 2014 17:07:10 GMT -5
I can get my head around that idea. Bottom in June; people pile in only to be disappointed one last time when it reverses, finally swearing off the sector, which then forms a true bottom in July that no one is interested in. I like that.
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Post by simonsays on May 15, 2014 17:13:14 GMT -5
The Gary debate rages on over there.......funny.
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