What Thing Looks Like the Other Thing?

Thing 1 (USD) looks a lot like Thing 2 (Gold/Silver ratio), and the 2 riders would bring death and destruction to the macro party if they were to rally Here is a daily chart of the US dollar fund UUP along with its fellow would-be destroyer of the macro, the Gold/Silver ratio (shown here as GLD/SLV). As yet the two horsemen are each locked below … Continue reading What Thing Looks Like the Other Thing?

NFTRH+; HUI Daily Chart, Another Interpretation

In true testament to the idea that a TA can make a chart say whatever she wants it to say, let’s put aside for a moment the H&S pattern (ref. weekly chart in previous update) and re-draw the daily with the post-July downtrend defined by a trend channel. Suddenly there is confluence between the channel bottom and the lateral support zone. Just an FYI and … Continue reading NFTRH+; HUI Daily Chart, Another Interpretation

NFTRH+; HUI Daily, Weekly & Monthly

Another HUI micromanagement update. HUI daily is losing the pattern neckline in-day. It can hold the breakdown or it can head fake reverse back upward. I does not matter to me at this point. I’d prefer a breakdown to finish cleaning the bugs out, but that is the market’s decision. HUI weekly shows the situation as nothing worse than on track to our original target … Continue reading NFTRH+; HUI Daily, Weekly & Monthly