MyPivots
Sign In
JA
jarek
Rep: 94
Posts: 3,474
Here are two interesting long term charts of main indexes:


Click image for original size


Click image for original size


Isn't it amazing that what seemed to be a disorganized collapse reversed dramatically exactly where it should according to geometry??
JI
jimkane
Rep: 3,058
Posts: 33,089
It's gonna blow!
JI
jimkane
Rep: 3,058
Posts: 33,089
jarek, can you post your chart again?
JI
jimkane
Rep: 3,058
Posts: 33,089
Gold 1232.30...
JI
jimkane
Rep: 3,058
Posts: 33,089
We 'should' see an ES bounce and gold checkback in here any time. If not, wow, could another computer triggered meltdown start?
ER
EricD
Rep: 63
Posts: 692
back to balance...now just chopping around....we are so screwed.
ER
EricD
Rep: 63
Posts: 692
tonight should be interesting...GOlD at new highs..it sgould be a train to the 1250-70 area..
JI
jimkane
Rep: 3,058
Posts: 33,089
Here comes another push in gold.

I think we will look back and see the Euro bailout as the marker for the end. That, like the magainze cover indicator, makes me think maybe the top is finally in. And if the market is to rise from here, I still think it will mark the end of the economy, and the start of the crises.
JI
jimkane
Rep: 3,058
Posts: 33,089
I would love if this was it, and it rolled right off jarek's chart.
JI
jimkane
Rep: 3,058
Posts: 33,089
So, Carl Futia said today we will see 875 in gold before 1400. I'd be personally willing to take the other side of that bet with him, with real money.

Let's see, 165 upside or 360 downside. Even money bet?

And all I can say is, if this hits 875, I'm going to spend every cent I have as a buyer.
ER
EricD
Rep: 63
Posts: 692
somethng feels different Jim..I dont have your experience but you may be right...this was the beginning of the end. I feel very sad. Have a nice evening.
RO
roofer
Rep: 3,689
Posts: 3,574
geometry...
Click image for original size

fyi, i took a portion of trade off at line from set... but i kept a portion on with wide stop equal to profit....we shall see...