Roulette anyone? Points to consider. Fib retracements line up with 200 day ma, and next obvious support line. The moon. Note the volumes of each pull back, the increasing volumes are sustained and longer, deceasing volumes of sell time frames show lack of bear commitment. BUT, however,. and also... the buy time frames, rises in price, also showed lack of commitment, decreasing volumes. Although typical for any cycle, I believe it shows overall market indecision to establish either trend. Just looks like waiting in a range, and we are headed down to, where she stops no one knows, levels, until we have a major news or economic catlysist. The dec 16th fed decision perhaps? I think there are enough bulls in the weeds, just laying there, hoping for yet another decision to keep rates the same or even go lower. It will be interesting to see the price action of options and volumes dec 14 and 15th. Unless something happens, like Putin sending in ground troops by the thousands, well, we wait, and drift lower, because earnings will be sad, and retail is fading, volume purchasing online is for values and low end products. US becoming a less consumer spending driven economy by the month. After all that, I still think OIL is the key. spx500 will follow its price for now. And that price is down, unless, again, something happens world wide to disrupt oil fields or supply line route (Middle east turmoil or south china sea type things) and this descending wedge is for real until then. IMO
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TerenceTam
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Since this Huge Gartley bearish pattern success run, there will be few days notice when this Gartley END.
Yes, you want the time when the bearish market end.
2016/02/13 - about 30% chance.
2016/05/27 - about 40% chance.
2016/11/11 - about 20% chance.
2017/08/03 - about 10% chance.
Why l suppose the 2nd one, as you remember I post the Gartley bullish pattern at the bottom pivot at last few days on Sept.
It was suppose Bullish end at 12 of Oct, but it take more days add more cycle time on it.
Thus, when it goes down, do the same thing.
The wider of the whole period of Gartley pattern, the wider the up/down trend finish, normal ratio.
Since the period on calculate is huge, there may be 1-3 days shift/error before or after.
You better find some good software to take a look the SEASON chart.
Yes, month chart macd always give you divergence and ask you to bear but false for 7 bullish years.
Less than 0.1% traders take a look on SEASON chart, only SEASON chart shows you why a big drop on 2007-2008.
When the drop trend end, SEASON chart tells you. SEASON chart shows you the level of horrible on measure.
How to calculate the date is premium content from my stock teacher lesson in Hong Kong.
Just only can free on result.
Well, unless to short, what I can do on buy?
There will be 1-3 drop cycles on Gold, and suppose drop below USD 900 in early of 2016.
and there will be a long term raise on Gold, even raise up over previous USD 1900 high, USD 2200 to 2400.
Week chart of Gold can't tell you when the down trend finish but MONTH chart can.
Keep checking on MONTH chart, you can find the entry point in the early of 2016.
just the same logic above, Middle period chart can't find the way, take a look on Big period chart.
Look at MONTH chart of Gold, macd straight downward and not turn on Horizontal view.
When macd of MONTH chart view upwards, buy Gold and wait the trend end.
Gold make big raise is NOT a good news, the last sentence you say right half.
There may be war coming, nobody believe money and back believe to Gold.
Since Graphene is new energy product can substitute petroleum on car petrol.
Petroleum will drop just like coal in future and never raise again.
Since this Huge Gartley bearish pattern success run, there will be few days notice when this Gartley END.
Yes, you want the time when the bearish market end.
2016/02/13 - about 30% chance.
2016/05/27 - about 40% chance.
2016/11/11 - about 20% chance.
2017/08/03 - about 10% chance.
Why l suppose the 2nd one, as you remember I post the Gartley bullish pattern at the bottom pivot at last few days on Sept.
It was suppose Bullish end at 12 of Oct, but it take more days add more cycle time on it.
Thus, when it goes down, do the same thing.
The wider of the whole period of Gartley pattern, the wider the up/down trend finish, normal ratio.
Since the period on calculate is huge, there may be 1-3 days shift/error before or after.
You better find some good software to take a look the SEASON chart.
Yes, month chart macd always give you divergence and ask you to bear but false for 7 bullish years.
Less than 0.1% traders take a look on SEASON chart, only SEASON chart shows you why a big drop on 2007-2008.
When the drop trend end, SEASON chart tells you. SEASON chart shows you the level of horrible on measure.
How to calculate the date is premium content from my stock teacher lesson in Hong Kong.
Just only can free on result.
Well, unless to short, what I can do on buy?
There will be 1-3 drop cycles on Gold, and suppose drop below USD 900 in early of 2016.
and there will be a long term raise on Gold, even raise up over previous USD 1900 high, USD 2200 to 2400.
Week chart of Gold can't tell you when the down trend finish but MONTH chart can.
Keep checking on MONTH chart, you can find the entry point in the early of 2016.
just the same logic above, Middle period chart can't find the way, take a look on Big period chart.
Look at MONTH chart of Gold, macd straight downward and not turn on Horizontal view.
When macd of MONTH chart view upwards, buy Gold and wait the trend end.
Gold make big raise is NOT a good news, the last sentence you say right half.
There may be war coming, nobody believe money and back believe to Gold.
Since Graphene is new energy product can substitute petroleum on car petrol.
Petroleum will drop just like coal in future and never raise again.
Sorry for my poor English with long message.