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...
Grant me the strength from day to day To bear what burdens come my way. Grant me throughout this bright New Year More to endure and less to fear. Help me live that I may be From spite and petty malice free. Let me not bitterly complain When cherished hopes of mine prove vain, Or spoil with deeds of hate and rage Some fair tomorrow's spotless page. Lord, as the days shall come and go In courage let me stronger grow.
Lord, as the New Year dawns today Help 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 I May bring no tear to any eye. When this New Year in time shall end Let it be said I've played the friend, Have lived and loved and labored here, And made of it a happy year.
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"
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.
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.
This comment has been removed by the author.
ReplyDeleteNice one Gary! Thanks
ReplyDeleteThis post is rated triple A
ReplyDeleteOld Turkey for me. :)
ReplyDeleteGentlemen,
ReplyDeleteHat'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.
Other John
Everyone,
ReplyDeleteIt 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?? :)
ReplyDeleteShort-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)
ReplyDeletehttp://www.screencast.com/t/9jypPCyfD
WW,
ReplyDeleteWhat kind of joke is that?
This comment has been removed by the author.
ReplyDeleteFelipe,
ReplyDeleteIt 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 day
ReplyDeleteTo bear what burdens come my way.
Grant me throughout this bright New Year
More to endure and less to fear.
Help me live that I may be
From spite and petty malice free.
Let me not bitterly complain
When cherished hopes of mine prove vain,
Or spoil with deeds of hate and rage
Some fair tomorrow's spotless page.
Lord, as the days shall come and go
In courage let me stronger grow.
Lord, as the New Year dawns today
Help 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 I
May bring no tear to any eye.
When this New Year in time shall end
Let 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
Thanks Alex,
ReplyDeleteI 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.
ReplyDeletehttp://www.cbsnews.com/video/watch/?id=7383158n
Alex,
ReplyDeleteYou 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?
ReplyDeleteGary,
ReplyDeleteTake a look at this climber also, this is the guy I was telling you who learned to climb from watching monkeys.
http://youtu.be/Cm91hh9SqXs
Dollar will top when Mitt Romney wins the nomination :)
ReplyDeleteHmmm, Jim Sinclair notes: due to govt doing noting but kicking the can down the road.
ReplyDelete"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"
This comment has been removed by the author.
ReplyDelete.
ReplyDeleteWW 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
ReplyDeleteAverage 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.
ReplyDeleteOn 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 $GOLD's Symmetrical Triangle.
ReplyDeleteGold bottomed at 1523.90
Hear again is the chart I posted.
http://stockcharts.com/h-sc/ui?s=$GOLD&p=D&yr=1&mn=9&dy=0&id=p71062551266&a=241643000
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.
.
ReplyDeleteGary-
ReplyDeleteHave 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?
ReplyDeleteEurope banned Iran oil imports, so gold jumped with oil.
ReplyDeleteUSD up
ReplyDeleteSPX down
Silver down
Gold up ??
thanks Aaron
ReplyDeleteTwo pictures of Shanghai 1990 and 2010.
ReplyDeletehttp://www.theatlantic.com/business/archive/2011/01/picture-of-the-day-shanghai-in-1990-and-2010/69959/
Swing in the dollar.
ReplyDeleteThis comment has been removed by the author.
ReplyDeleteNot a 2b, but it will be a four-day rule potential trend change if tomorrow is positive also.
ReplyDeleteDoc,
ReplyDeleteDo 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.
ReplyDelete