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JA
jarek
Rep: 94
Posts: 3,474
Here is the update of my recent charts for gold and rates:


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Interestingly they share pretty similar characteristics:
- both issues were recently rising strongly which may seem contradictory, but as Jim pointed out might suggest inflation expectations
- both reached 1.27 external retracement of their respective smaller Kane patterns
- in both cases 1.27 retracement of their bigger Kane patters is still much higher what suggests that gold and rates should continue to rise together for some time to come
JI
jimkane
Rep: 3,058
Posts: 33,089
Just look at the spike line in the ES on the daily, going back to Oct. Someone should post this. You can also do one from Jan '09. Pretty amazing.
RO
roofer
Rep: 3,689
Posts: 3,574
i keep coming in from the garden to see if it's close to 1219spx......back out to plant another hundred... i went to a well known nursery this morning where each summer they have a ''daylily dig'' i came home and counted... good grief... i have more than the nursery..... the passions of life!
JA
jarek
Rep: 94
Posts: 3,474
Jokes aside my area was good for a full 1.25 point for bear. Very telling.
RO
roofer
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Posts: 3,574
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JI
jimkane
Rep: 3,058
Posts: 33,089
Here comes the psycho meltup phase. Glad I'm just staying with the trend.
JI
jimkane
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Posts: 33,089
Thanks, roofer. I extended my line back to that Oct high, but it's essentially the same. Very important area in here.
JA
jarek
Rep: 94
Posts: 3,474
Here is that line through Oct and Jan high in ES:


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JI
jimkane
Rep: 3,058
Posts: 33,089
So, that shows just how critical this area is. And they are looking strong going into it.
JI
jimkane
Rep: 3,058
Posts: 33,089
This thing is soooooooooooooooooooooooo heavy in here.
JA
jarek
Rep: 94
Posts: 3,474
Thanks for your SPX chart Geo. Actually when you draw your set using January's highest point the area is around 1210:


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Did you find my charts from Feb 2007? Is that what you were looking for?
RO
roofer
Rep: 3,689
Posts: 3,574
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