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AL
albert
Rep: 99
Posts: 3,094
Here is a new topic.


Al Kamego
DU
Duane
Rep: 100
Posts: 1,095
Where will the correction end and the down trend resume? AB will equal CD @ 1439, but there are a lot of tight groupings before this area is reached. The level that it stops at should tell us something. Any one else trading Gold out there?


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RO
roofer
Rep: 3,689
Posts: 3,574
yes and no...have been in stocks and etf's of miners....on thursday friday the majority( as in previously posted NUGT) hit targets...standing aside for now....
RO
roofer
Rep: 3,689
Posts: 3,574
a few examples
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JI
jimkane
Rep: 3,058
Posts: 33,089
You've got a few Fib lines on there, Duane...
DU
Duane
Rep: 100
Posts: 1,095

Ha, yeah I know MT4 sucks!!
JI
jimkane
Rep: 3,058
Posts: 33,089
Now this scares the living daylights out of me. Imagine what is coming, and not a single citizen with any guns, not even hunting rifles. It's coming, boys and girls...

http://armstrongeconomics.com/2013/08/14/un-office-for-disarmament-affairs-including-americans/
BA
Barkley
Rep: 0
Posts: 58
Gold at a great spot... watching for a decent trigger.

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JI
jimkane
Rep: 3,058
Posts: 33,089
ES: "I've fallen, and I can't get up!"

JI
jimkane
Rep: 3,058
Posts: 33,089
Boy, I keep getting more and more scared every day... Some people love Martin Armstrong, but I have seen some people I also think are pretty good show some strong counter points to his work, so decide on your own what you think. Like most things, I take from everywhere, and he does have some interesting ideas.

http://armstrongeconomics.com/2013/08/09/email-service-used-by-snowden-shuts-itself-down-warns-against-using-us-based-companies/
JI
jimkane
Rep: 3,058
Posts: 33,089
Hmmmm, Armstrong is calling for Dow about 32,000 by the end of 2015. Now wouldn't that be something. ES 3400 in two years! This 'bull ' may have some legs left. In fact, if that's true, it's going to move about 1.7 times more than it already has off the 2009 low i.e. it's only moved like 37% of what it will move! Were talking up over 400% in six years! I guess that's where he loses me and I lose confidence in him. But, maybe he's right. If he is, holy crap. I don't even want to think about the implications of such a distortion.

"There still appears to be nowhere to go but up in a major way. We may see the Dow still double in value by late 2015."
JI
jimkane
Rep: 3,058
Posts: 33,089
Alright, I'll finish with a little visual. Make sure you look at all the posts and the timestamps. Look on a 1-min. This chart is just a guide for what I was saying. Look at it all. They do this all the time, but especially on a Friday when it sets up like this and is dead at the times of day this was.


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ES U3_082313_5min chart



Chart created on QCharts, courtesy eSignal