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Friday March 16th: Quad Witch

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  • Friday March 16th: Quad Witch

    Flat overnight
    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
    Stocks:

    https://likesmoneycycletrading.wordpress.com/

    Comment


    • #3
      Bollinger bands:

      http://www.newtraderu.com/2017/04/06...bands-popular/

      Comment


      • #4
        Futia:

        http://carlfutia.blogspot.com/

        Comment


        • #5
          Reversal Levels:

          Friday, March 16, 2018

          RL for Mar 16

          Today's reversal levels for major indexes and some popular stocks:
          • Sell signal for Australia AOI. Failed rally.
          • Sell signal for Gold. Failed rally.
          • Bearish divergence for EURUSD.
          • Bullish divergence for Oil.
          • Partial profits signal for HLF. A 39% gain in 47 days.
          • Bearish continuation for CHK. Can add to short positions.

          Comment


          • #6
            Interesting little fact that should give metal bulls a little bit of solace: since 1984, which is the farthest stockcharts.com goes back for the $XAU, only two other times in history have the weekly bollinger bands (50,2 and 100,2--i.e., over 50 week and 100 week periods) been this narrow--1989 and 2007. In both prior instances we got a very large move higher over the ensuing 6 months (from 90 to 120 in '89 and and from 140 to 205 in '07).

            Of course after the move up into 2007, we know what happened next. And the move up in 1989, while large, still didn't take out the 1987 peak, and after petering out in 1990 was followed by an even larger decline over the next 2 years.

            Comment


            • #7
              Thank you Spanky for that bit of info. I could continue to stack when I can. Next week should get interesting with the FOMC coming up.

              Comment


              • #8
                The $CRB is at the same level it was in 1973. That's in absolute terms, not adjusted for inflation. That is absolutely crazy.

                In 1971 when Nixon closed the gold window, the CRB immediately went up about 300% in the span of three years. It went on to tack on another 50% by the 1980 peak. So clearly, commodities are heavily influenced by monetary phenomena.

                Given that back drop, can anyone explain to me how the CRB went from 450 in 2008 to 150 in 2016, despite the Fed blowing up is balance sheet (base money) from $800 million to $4.5 trillion (!) over that same time? Does that make any sense whatsoever? And that's not even considering what the ECB and BoJ and indeed all CBs have done to their balance sheets over that period.

                Comment


                • #9
                  Originally posted by james rangel View Post
                  Thank you Spanky for that bit of info. I could continue to stack when I can. Next week should get interesting with the FOMC coming up.
                  While the miners have acted positively under similar conditions in the past, I can't say the same for silver. Typically, periods of low volatility have been terrible for silver at least over the next 6-12 months. There are exceptions to that, like the super tight consolidation going into late 2010. But in that instance at least, all the moving averages were bullishly aligned and things looked beautiful on the long term charts.

                  Currently, the setup in silver reminds me somewhat of 2000. Silver drifted lower for 2 years and didn't take out its 1998 peak for good until 2006.

                  Comment


                  • #10
                    https://rambus1.com/ The Trend is Your Friend till the Very End

                    Comment


                    • #11
                      https://disq.us/url?url=https%3A%2F%...Q&cuid=4758951

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                      • #12
                        https://surfcity.co/wp-content/uploa...4-21.10.19.png

                        Comment


                        • #13
                          Got a few 23 march QQQ CALLS at close,small gamble.

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                          • #14
                            I always liked Ramus chart analysis. Very thorough and detailed.

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                            • #15
                              Originally posted by MrMiyagi View Post
                              Glad you're keeping the ship afloat Mr. M.

                              Comment


                              • #16
                                Originally posted by SF Giants Fan View Post
                                Glad you're keeping the ship afloat Mr. M.
                                Plugging the holes, so to speak...
                                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


                                • #17
                                  Bought WB today at $132.70

                                  Comment

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