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Wednesday, May 28, 2014

CHARTS OF THE DAY




8 comments:

  1. You do great charts! Thank you.
    For my own account, I hope these work out as that is how I am positioned. :>)

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  2. watch credit spread for SPX.. no sign of topping

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  3. death crosses all over the place in the miners. Gold about to knock on the 1200 door again. Gold is going to 1000 soon. Stay The fuck out.

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  4. I doubt it. Not without another massive manipulation and i don't know if the physical market can support that at this point. I think we get a bottom in the next 2-5 days.

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    Replies
    1. good to know ..gary. 2-5 days?? rsi tell uou that??

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    2. Where we are at in the daily cycle, and the coil pattern. Usually the initial break will last 3-5 days before reversing.

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  5. Good Charts and sound reasoning. I am also hoping for temporary bottom on Monday or Tues of next week....then accumulating PM stocks. The one area that is different is Palladium which has been on a tear.

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  6. Fed went in the game of credit allocation.. taper actually means the Fed is making credit less restrictive for small and medium-sized businesses

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