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Thursday October 12th

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  • Thursday October 12th

    Equities flat, gold up $8 testing $1300 overhead.
    Don't follow or make any trades based on any chart, guess, study, joke or prediction I make.
    Seriously. Don't follow me. Just don't. I only guess at things.
    Also.. I'm not the real Mr Miyagi; he's been dead since 2005.

  • #2
    Bitcoin made a new ATH. Gold and silver are likely heading to 1320 and 17.5.
    Dollar is likely forming the right shoulder or double bottom.
    Last edited by MoonspiriT; 10-12-2017, 03:52 AM.

    Comment


    • #3
      ES and NQ red this morning... I am not sure that it will be allowed to close red though

      Comment


      • #4
        Originally posted by Sophia View Post
        ES and NQ red this morning... I am not sure that it will be allowed to close red though
        It is probably not allowed. How are they going to solve it, since it is about time to have some pull back.

        Comment


        • #5
          Reversal Levels:

          Thursday, October 12, 2017

          RL for Oct 12

          Today's reversal levels for major indexes and some popular stocks:
          • Buy signal for EURUSD.
          • Ongoing partial profits signal for S&P 500, Nikkei, FTSE 100 and DAX.
          • Buy signal for GDX.
          • Partial profits signal for AAL. A 12% gain in 13 days.
          • Partial profits signal for DLTR. A 27% gain in 53 days.
          • Partial profits signal for GOOGL. A 5% gain in 10 days.
          • Partial profits signal for IBKR. A 33% gain in 91 days.
          • Partial profits signal for ROK. An 11.5% gain in 28 days.
          • Bullish continuation for GILD. Can add to positions.

          Comment


          • #6
            Futia:

            http://carlfutia.blogspot.com/

            Comment


            • #7
              VIX is at extremely low level.

              Comment


              • #8
                intraday NYMO -7

                Comment


                • #9
                  Capital flows:

                  https://www.armstrongeconomics.com/w...low-movements/

                  Comment


                  • #10
                    intraday NYMO back to +2

                    Comment


                    • #11
                      My 4hr chart showing gold likely to be pulling back soon.

                      Comment


                      • #12
                        Originally posted by n1tro View Post
                        My 4hr chart showing gold likely to be pulling back soon.
                        What about silver?

                        Comment


                        • #13
                          Just to expand on what I am seeing on Gold. Gold had a nice $30 ascent from when my daily chart called it. Would love for it to go to $1334 to complete the cycle but the 4hr chart showing a pullback is likely before anything else happens.

                          Comment


                          • #14
                            Originally posted by MoonspiriT View Post

                            What about silver?
                            Silver daily looks to have some legs but the 4hr is also showing a likely pullback unless it can get past $17.22.

                            Comment


                            • #15
                              Originally posted by n1tro View Post

                              Silver daily looks to have some legs but the 4hr is also showing a likely pullback unless it can get past $17.22.
                              Thanks, n1tro!

                              Comment


                              • #16
                                Originally posted by n1tro View Post

                                Silver daily looks to have some legs but the 4hr is also showing a likely pullback unless it can get past $17.22.
                                GDX and the miners are also in danger of a top on just day 6.
                                "Bull-markets are born on pessimism, grow on skepticism, mature on optimism and die on euphoria." Sir John Templeton

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                                • #17
                                  Gold might break out actually

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                                  • #18
                                    We finished in the red... unheard of

                                    Comment


                                    • #19
                                      Originally posted by Sophia View Post
                                      We finished in the red... unheard of
                                      NYMO drop to -10 or so may set up for a "W" rise. Hard to tell here, equities are overbought but not giving up. Hate trading in these conditions.
                                      Don't follow or make any trades based on any chart, guess, study, joke or prediction I make.
                                      Seriously. Don't follow me. Just don't. I only guess at things.
                                      Also.. I'm not the real Mr Miyagi; he's been dead since 2005.

                                      Comment


                                      • #20
                                        Yes me too it is getting really hard to trade
                                        no mouvement the whole day apart the range done during the night
                                        not easy

                                        Comment


                                        • #21
                                          Originally posted by MrMiyagi View Post

                                          NYMO drop to -10 or so may set up for a "W" rise. Hard to tell here, equities are overbought but not giving up. Hate trading in these conditions.
                                          Trump tweeted to you to go long!!! And no reason for a drop after your w is there(serious)? Me stick to scalping and long term holds.

                                          Comment


                                          • #22
                                            Bonds:

                                            https://likesmoneycycletrading.wordpress.com/

                                            Comment

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