The Men Who Stare at Charts: Mental Whipsaw Edition

I’ve had SWKS on watch (where it resides to this moment) since it climbed above the SMA 50 & SMA 200. Hilariously enough, while looking at my Fidelity capsule on the company, which includes useful information and not so useful information, I saw this little whipsaw. Two TA services linked by Fidelity include an Elliott Wave thing informing me of a bearish continuation pattern but … Continue reading The Men Who Stare at Charts: Mental Whipsaw Edition

Gold and Silver; Rubber Meets the Road

In other words, it’s proving time for the metals. We’ve been following the non-stellar daily charts of gold and silver along with a stellar sector technical indicator (HUI/Gold ratio) and a not yet stellar sentiment indicator (CoT) trying not to impose will but instead, letting the process play out. And play out the daily technicals will shortly, as the futures charts (click for full view) … Continue reading Gold and Silver; Rubber Meets the Road

The Men Who Stare at Charts: The “Chart Master”

This is not a ‘make fun of the man who stares at charts’ post *, although man’s nickname made me want it to be :-).  I actually enjoy the man’s presentation as he talks about trends and pullbacks simply and without the need to try what all too many men and women who stare at charts try, which is to baffle you with overly technical … Continue reading The Men Who Stare at Charts: The “Chart Master”