Da ‘V’ is Rolling Over and Risk is Rolling ‘Off’ in Some Areas

Attention resource speculators; your preferred playground of high risk commodity and resource trades is rolling over. Assuming this continues it is time to be squaring this with views on not only commodity/resource related global trades, but also the efforts at inflation that US and global Central Banks are making. All that from one Canadian backwater market rife with grifters and con artists? Well, maybe that … Continue reading Da ‘V’ is Rolling Over and Risk is Rolling ‘Off’ in Some Areas

alice

NFTRH; Downside Targets for Gold (high priority)

Well, the anonymous (but all too real) bullhorns from February symbolically killed the rally. They announced to the world how high gold was going (synthesizing two of them gold was promptly going to $1400, which would “dramatically accelerate” off of a “gargantuan pattern” to $3000). Some people do not like it when I criticize, even anonymous others. But I would never write garbage like that … Continue reading NFTRH; Downside Targets for Gold (high priority)

nftrh plus

NFTRH+; Optimal Point to Buy Back GBTC

As you know I often hold stocks for different reasons despite negative short-term views. GBTC was not one of those stocks. It was a successful (NFTRH+) trade and now it is doing the right thing from a trader’s perspective by pulling back from the 200 day average. The preferred although perhaps all too logical re-buy area is where a gap fills at the convergence of … Continue reading NFTRH+; Optimal Point to Buy Back GBTC

Now Hear This… SPX Has an Announcement to Make! [w/ edit]

SPX is making an announcement through a Megaphone topping pattern. Now hear this! “I am setting my sights on point 5 of an Edwards & Magee style Megaphone/Expanding Top/Reverse Symmetrical Triangle pattern.” The common interpretation of a Megaphone is as a reversal pattern, just as its opposite, a Symmetrical Triangle, is a continuation pattern. I have only seen this current specimen in one place illustrated … Continue reading Now Hear This… SPX Has an Announcement to Make! [w/ edit]