Goldtent TA Paradise

THE WHOLE HUI AND NOTHN BUT THE HUI

1. EagleSeagle says:

   August 4, 2015 - 6:23 pm at 6:23 pm

   Thanks FGC, needed a long term perspective after dealing with the 2 minute charts all day. Agree, this DUST impulse move is losing steam and soon it will be NUGT’s time…The start for NUGT could have been today.

2. Tim says:

   August 4, 2015 - 7:50 pm at 7:50 pm

   I like the symmetry and so far, just like with the drop in crude, it’s unfolding perfectly like someone walking up a set of stairs and then back down. One thing I’ve noticed from the above chart is that the downward movement seems to be about 3 times faster than the upward one. In 3.5 years it’s travelled down to the shelf we’re on now but it took about 10 years to go from that equivalent point to the top on the upward move. From that I’d say the bottom is 11 months away. One-third of 2.75 years. I think I remember reading somewhere that price drops are normally move faster than price increases so that short selling makes it’s money 2 or 3 times faster for the same amount of movement. Only in the markets do bears move faster than bulls.

   I sold off half my DUST position. But, don’t laugh, only after Googling “double top” to see if it was a bad thing or a good one. There’s nothing like on the job training to make you pay attention.

3. EagleSeagle says:

   August 4, 2015 - 9:25 pm at 9:25 pm

   Tim, I updated the EOD DUST 60 chart below…

4. trektrader says:

   August 4, 2015 - 10:18 pm at 10:18 pm

   $HUI:$GOLD daily chart is looking bullish… Just ULT to turn up… Divergence on key indicators is there… Black oxy on candle today says trend change… Well anything can happen in this market but things may pick up… Jobs data will be key this week…. IMHO

5. EagleSeagle says:

   August 4, 2015 - 10:29 pm at 10:29 pm

   Thanks Trek

6. Dave says:

   August 5, 2015 - 5:38 am at 5:38 am

   Thanks Fully, AMAZING chart….I agree looks like we are due a bounce to 150 soon!